SOLD – West Side Mini Storage 46,800 NRSF – Ashtabula, OH
Tom Gustafson and Matt Davis of Colliers are pleased to announce the sale of West Side Mini Storage located at 3209 North Ridge Road W in Ashtabula, OH.
- Significant Interest from Buyers Nationwide
- 804 Investors Explored the Opportunity
- Transacted at 95% of List Price
- 7.1% Seller Cap Rate
- Contract Execution to Close (50 Days)
- 46,800 Net Rentable Square Feet
- 380 Drive-Up Units w/ Outdoor Parking
- 11.91 Acre Site – Expansion Potential
- Year Built: 1995 thru 2004 | 2019-2020 Addition
- 98.7% Physical Occupancy | 98.9% Economic Occupancy
Mike and Brenda Wall (Seller), stated:
“If you are thinking about selling, you will not go wrong with Colliers. We never realized how much was involved in selling our self storage property, the documents and paperwork can be overwhelming. Tom and Matt really care about their clients. Matt Davis was PHENOMENAL! He was on top of everything from start to finish, walked us through it all. In the end, their professional process netted us more than expected, even after paying their fee. Working with Colliers was a great experience, we highly recommend this company.”
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