Bancap Self Storage Group Brokers Loma Linda Self Storage Property

Laguna Beach, CA, July 15, 2015 --(PR.com)-- Bancap Self Storage Group, Inc., the “#1 Self Storage Broker in California,” announced that it recently brokered the sale of SoCal Self Storage located in the city of Loma Linda, California. Dean Keller, the firm’s president, was the exclusive listing agent and sole broker of the transaction. The seller was a privately held LLC affiliated with Polo Properties and SoCal Self Storage located in Newport Beach, California. The buyer was an affiliate of the William Warren Group, a national owner/operator of self storage facilities with over 100 facilities in its portfolio.

SoCal Self Storage is a well located, classically designed, single-story self storage property located in a retail and commercial center on a major avenue . The property has over 38,000 net rentable square feet of self storage space. The facility also includes amenities such as on-site rental office, manager residence, and surveillance cameras throughout the property. The property also has a highly visible tall pole sign.

The property sold for $2,550,000 on a cash to new loan basis.

“This is a great smaller property located in a busy shopping center,” Dean Keller said, “Now is a good time for both self storage buyers and sellers as we are seeing historically high prices and low cost of funds in virtually all markets of California and nationwide.”

Bancap Self Storage Group is the “#1 Self Storage Broker in California” with over $1.25 billion in completed self storage transactions, including sales of independently owned properties, mid-sized chains, and numerous larger portfolio sales. For more information, contact Dean Keller at 949-715-2233 or visit the company website at www.bancapselfstorage.com