Multifamily investor WISCO buys St. Petersburg self-storage facility

Multifamily investor WISCO buys St. Petersburg self-storage facility
BUYER: Wisco LLC (principal: William Sultenfuss II), Tampa
SELLER: Super Storage II
PROPERTY: 6415 54th Ave. N., St. Petersburg
PRICE: $2.58 million
PREVIOUS PRICE: $200,000, April 2003
TITLE FIRM ON DEED: Pinellas Park Title Co.

PLANS, DESCRIPTION: Tampa multifamily investor WISCO Holdings Inc. purchased the 44,867-square-foot Super Storage II self-storage facility for $2.58 million.

The price equated to $57 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.