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SecureSpace Self Storage Acquires 7.8-Acre Site In Walnut Creek For $14.3M

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SOLD
$14,300,000

California

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Industrial90,000 SF
Sold 07/21/2023
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SOLD

SecureSpace Self Storage Acquires 7.8-Acre Site In Walnut Creek For $14.3M

2700 Mitchell Dr Walnut Creek, CA 94598, USA

See Similar Deals
Industrial90,000 SF
Sold 07/21/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$158
Total Square Footage:90,000 SF
Transaction Type:Sale

SecureSpace Self Storage has recently acquired a 7.8-acre site located at 2700 Mitchell Drive in Walnut Creek, CA. The property was purchased for a total amount of $14.3 million. This transaction presents an opportunity for SecureSpace Self Storage to develop a mixed-use facility consisting of a Calicraft Brewing microbrewery with indoor and outdoor seating, as well as a sizeable self-storage center spanning 155,600 square feet. The demand for self-storage solutions in the area played a significant role in this investment decision.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $14,300,000
  • Address: 2700 Mitchell Drive, Walnut Creek, CA
  • Market: Walnut Creek
  • Acres: 7.8

Nathan McElmurry, the representative of SecureSpace Self Storage, played a pivotal role in finalizing the acquisition. With this strategic investment, SecureSpace aims to cater to the growing demand for both brewing and storage needs in the Walnut Creek area. The inclusion of a microbrewery within the development further enhances the appeal of the project, offering a unique experience for visitors.

Players

3 deals$191M volume
BUYER

Details

SOLD
IMAGE: Nathan McElmurry DATE: 07/21/2023 ADDRESS: 2700 Mitchell Drive MARKET: Walnut Creek ASSET TYPE: Industrial ~ ACRES: 7.8 BUYER: SecureSpace Self Storage - Nathan McElmurry SALE PRICE: $14,300,000 SF: 90,000 ~ PPSF: $159 NOTE: SecureSpace Self Storage acquired a 7.8-acre site in Walnut Creek, CA, for $14.3 million. They plan to build a Calicraft Brewing microbrewery with indoor and outdoor seating, alongside a 155,600 sq ft self-storage center to meet the high demand in the area.

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