November 7, 2016
Phoenix-based Wentworth Storage Acquisitions, LLC acquired a roughly 90,000 square-foot R&D building in Chula Vista, CA from Los Angeles-based Eastlake, LLC for $13.35 million.
The property is one of the largest industrial properties in the Eastlake area at 2391 Fenton St., and offers immediate access to Highway 125. The transaction closed escrow within 70 days.
Voit Real Estate Services’ Michael Mossmer, Tracy Clark, Curt Perry and Kimberly Clark handled the transaction for the seller. Colliers International’s Ramey Peru, Chaz Smith and John Finnegan represented the buyer.
Mossmer says limited self-storage opportunities in the Eastlake marketplace are driving the buyers to convert “what was once a 90,000-square-foot single user property into a self-storage facility.”
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