BRE Commercial/NAI represented the parties in both transactions. In National City, the company brokered the $700,000 sale of 1.2 acres of vacant land at the northwest corner of National City Boulevard and Highway 54.
The buyer, 54/National Self Storage, LLC, plans to develop a self-storage facility on the property. Greg Wells of BRE Commercial's San Diego office represented the buyer. Darren Mullins, also of BRE, represented the seller.
In the second deal, Shadowridge Self Storage, located at 2220 Watson Way in the North County community of Vista, sold in a deal valued at $4.74 million. The approximately 74,000-sf facility, divided into 640 units, sits on 4.42 acres.
Shadowridge Self Storage was about 92% occupied at the time of sale on Dec. 20. Greg Wells of BRE Commercial/NAI's San Diego office represented the buyer, The Amsdell Companies/U Store It, who is the largest privately held self-storage owner in the United States.
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