Bancap Self Storage Group which is the number 1 Self Storage Broker in the California has announced that they recently completed the sale of two-property portfolio in the Solano County of California. Their properties were sold nicely and together. Those properties were also known as the Cordelia Self Storage in the Fairfield of California and the Vacaville Self Storage in Vacaville California. The president of the company is Dean Keller, who was also the exclusive listing agent as well as the sole broker. The seller was an original private developer of those properties and on the other hand, the buyer was a private entity who was affiliated with Storage Star self storage firm.
The quality properties of the institute will be rebranded as the Storage Star facilities and are located in fast growing area in between the state capitol of the Sacramento and the North San Francisco. Cordelia Self Storage has around 70,000 total square feet of the self storage space along with an additional 45 outdoor vehicle storage spaces. Besides, the Vacaville facility has more than 72,600 total square feet of the self storage space which includes a total building with air cooler units. Both of the properties were well maintained and also boasted virtually with 100% occupancy. Dean Keller said that the management had executed the sale through the original builder of those desirable advantages and they really had done a complete research and had understood the entire marketplace very well. They had been pleased that they had been selected to represent those assets.