14 Oct Storage Industry News – 10/14/2014
By Nick Bilava, Storage.com
CubeSmart Buys East Boston Facilities in Bulk for $23.1 Million
CubeSmart, based out of Pennsylvania, has purchased a piece of land with its existing buildings in the east Boston area for $23.1 million. The land totals to 84,000 square feet and holds 1,100 self storage units.
The Grossman Cos., previous owners of the land, originally bought it in three separate parcels and transactions. One parcel in 2003 for $2.9 million, another in 2003 for $975,000, and the last parcel in 2014 for $69,000.
“It was a great transaction for us,” says David Grossman of The Grossman Cos. regarding the sale to CubeSmart.
Source: Boston Business Journal
Mission Bay Self Storage to Hold Second Multi-Family Community Yard Sale
Mission Bay Self Storage has scheduled its second multi-family community yard sale to be held on Oct. 18 from 8 a.m. to 1 p.m. To be located at 20273 State Rd. in Boca Raton, Fla., plans for the event include a bounce, house, food, and music. Proceeds from food sales will go to the West Boca Chamber of Commerce.
Last year, Mission Bay’s first yard sale was held in February and drew around 400 shoppers. No vehicle access will be allowed on the property from 7:45 a.m. to 1 p.m., as a similar crowd is expected. Tenants storing boats or vehicles or needing to retrieve items around this date are encouraged to make alternative arrangements ahead of time.
Those interested in selling items or looking for further information may call the facility at 561-470-8881.
Source: The Boca Raton Tribune