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CBRE Arranges $19M Sale of Chino Self-Storage Facility

CBRE Arranges $19M Sale of Chino Self-Storage Facility

Irvine, CA-based Westport Properties has purchased Chino Mini Storage, an 81,000-square-foot self-storage facility in the Inland Empire city of  Chino, CA. CBRE’s Self Storage Advisory Group represented the seller Legacy Interests, in the $18.8 million transaction.

“Self-storage investments continue to hold their value despite economic headwinds,” said CBRE Vice Chairman Nick Walker. “Chino Mini Storage offered the buyer a rare opportunity to acquire a never-before-traded property in a highly visible location adjacent to one of California’s fastest-growing counties.”

Located at 13555 Ramona Ave., the property consists of 13 buildings with 701 self-storage units ranging in size from 25 to 360 square feet. Situated less than five minutes from the 70 freeway and Highway 60, Chino Mini Storage features outdoor boat, RV and car parking, drive-up electronic-gate access, 24-hour video surveillance, perimeter fencing and an on-site manager.


Inside The Story

CBRE's Nick WalkerWestport Properties

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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