Storage facilities sell for $25M

TAMPA — Safeguard Self Storage sold three of its self-storage facilities in the Tampa area for $25 million. The price equates to more than $110 per square foot.

The 2,250-unit, 225,569-net-rentable-square-foot portfolio was purchased by W.P. Carey, a publicly traded REIT (NYSE: WPC; recent price: $49.42).

The three properties were located at: 31100 U.S. Highway 19 N., Palm Harbor; 3708 W. Bearss Ave., Tampa; and 2501 22nd Ave. N., St. Petersburg.