Palatine Capital Partners Acquires Parking Garage/Self Storage In San Pedro For $9.6M

A parking garage/self-storage property located at 460 W. 5th St. in San Pedro has been sold in a recent transaction. The sale was completed on October 28, 2021. The property, spanning 112,500 square feet, was sold for a total of $9,604,000. This translates to a price per square foot of approximately $85. The buyer, Palatine Capital Partners, acquired the property from the seller, Flying Colors Group LP, represented by Robert T. Wolfenden.

Summary of transaction details:

• Property Type: Parking Garage/Self Storage
• Transaction Amount: $9,604,000
• Address: 460 W. 5th St.
• Market: San Pedro

The sale of this property was facilitated by brokers Jamie Harrison and Chris Manassero from Lee & Associates. They represented both the buyer, Palatine Capital Partners, and the seller, Flying Colors Group LP, during the transaction. This successful deal highlights the expertise and professionalism of these brokers in the San Pedro market.