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David Cramer Of National Storage Affiliates Acquires Self Storage Facility In Hollister For $6.5M

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SOLD
$6,500,000

California

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Self Storage29,926 SF
Sold 05/12/2025
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SOLD

David Cramer Of National Storage Affiliates Acquires Self Storage Facility In Hollister For $6.5M

180 San Felipe Road

See Similar Deals
Self Storage29,926 SF
Sold 05/12/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$217
Total Square Footage:29,926 SF
Transaction Type:Sale

The self-storage facility at 180 San Felipe Road in Hollister has sold for $6,500,000. The asset, consisting of 330 units, has a total square footage of 29,926. The price per unit is approximately $19,697, while the price per square foot is around $217.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $6,500,000
  • Buyer: David Cramer - National Storage Affiliates
  • Seller: Mechanics Banks
  • Broker: The De Jong | Becher Self Storage Team - Colliers
  • Units: 330
  • Square Footage: 29,926
  • Price Per Unit: $19,697
  • Price Per Square Foot: $217

David Cramer represented National Storage Affiliates in the acquisition of Hannigan’s Mini Storage, which will be rebranded under Right Space Storage following the purchase. Mechanics Bank acted as the trustee for the John A Maki Trust in this transaction.

Players

Tom de Jong
Colliers
Tom de Jong
6 deals$62.7M volume
BROKER

Details

SOLD
IMAGE: David Cramer DATE: 05/12/2025 ADDRESS: 180 San Felipe Road MARKET: Hollister ASSET TYPE: Self Storage BUYER: David Cramer - National Storage Affiliates SELLER: Mechanics Banks BROKER: The De Jong | Becher Self Storage Team - Colliers (@ColliersInternational) SALE PRICE: $6,500,000 UNITS: 330 ~ PPU: $19,697 SF: 29,926 ~ PPSF: $217 NOTE: National Storage Affiliates acquired the 330-unit Hannigan’s Mini Storage in Hollister for $6.5M from Mechanics Bank, trustee for the John A Maki Trust. The 29,926 SF facility at 180 San Felipe Road will rebrand under Right Space Storage.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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