PHOENIX, ARIZONA (October 10, 2018) – The NAI Horizon Self-Storage Team of Senior Vice President Denise Nunez and Associate David Loui represented the seller in negotiating the sale of a two-property self-storage portfolio in California.
L.P.G. Associates, Inc. of Rohnert Park, California, sold Folsom Parkshore Self-Storage in Folsom, California, and All Size Self-Storage in Roseville, California, to Extra Space Properties Two LLC of Salt Lake City, Utah. The two assets total 165,920 NRSF and comprise 1,109 units.
“These two assets were highly sought after Class A properties drawing the attention of 42 well-qualified buyers,” Nunez said. “Both assets were part of L.P.G.’s larger self-storage portfolio which was sold separately. Continental Ranch Self Storage (in Tucson, Arizona), also owned by L.P.G. Associates, sold to an unrelated buyer on August 8, 2018. The overall portfolio sale was $31.55 million.”
Located at 185 Parkshore Dr., the Folsom facility serves Alder Creek, Nimbus, Orangevale, and Gold River, California. Located at 1011 Foothills Blvd., All Size serves residents of Roseville, Citrus Heights, Antelope, and Foothill Farms, California.