The Moreno Valley Ranch facility comprises 117,000 net rentablesf demised into 850 units. In addition to its existing units, theproperty includes entitlements for a phase two expansion of 119self-storage units and 83 recreational vehicle spaces.
The buyer of the Moreno Valley Ranch facility was SecurCareCalifornia, based in Lone Tree, CO. Grossman notes that SecurCareis among the larger privately held real estate corporationsspecializing in the ownership and management of self-storageinvestments. The Colorado-based company operates throughout thewestern and southeastern US.
SecurCare bought the property from Moving & Self StorageDepot LLC, a privately held development company based in Corona,CA. Grossman represented the seller, with SecurCare representingitself.
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