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.