W. P. Carey company buys Clearwater Quality Self Storage

BUYER: National Storage 17 (Multi) LLC (W.P. Carey Inc.), New York City
SELLER: J.B. Baldwin, individually and as trustee of the Quality Self-Storage VI Land Trust Agreement
PROPERTY: 18524 U.S. 19 N., Clearwater
PRICE: $4.43 million
PREVIOUS PRICE: $275,000, December 2000
LAW FIRM ON DEED: Reed Smith LLP, New York City

PLANS, DESCRIPTION:An affiliate of W. P. Carey Inc. purchased the 53,720-square-foot Quality Self Storage self-storage facility in Clearwater for $4.43 million

The price equated to $82 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.