Hix Snedeker Cos Sells Ridgecrest Self Storage For $5.7M With Brokers Adam Schlosser & Dean Trammell

A 48,450-square-foot self-storage property located at 909 South China Lake Boulevard in Ridgecrest, California, was sold for a total of $5.7 million. The property, which was formerly a Walmart Center, was redeveloped and completed in 2022 with the help of a $2.2 million construction loan. It offers a total of 457 climate-controlled units and various amenities. The sale was facilitated by The LeClaire-Schlosser Group of Marcus & Millichap.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $5,700,000
• Address: 909 South China Lake Boulevard, Ridgecrest, California
• Market: Ridgecrest
• Acres: 11

The seller of the property was H. Ray Hix, Jr. from Hix Snedeker Cos. The buyer, however, remains undisclosed as they are referred to as a private buyer. The transaction was facilitated by Adam Schlosser and Dean Trammell, representing Marcus & Millichap.