N.Y. storage trust buys San Carlos Uncle Bob's


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  • | 10:00 a.m. April 24, 2015
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BUYER: Sovran Acquisition Limited Partnership, Buffalo, N.Y.
SELLER: VJP Holdings LLLP
PROPERTY: 19400 S. Tamiami Trail, Fort Myers
PRICE: $4.71 million
PREVIOUS PRICE: $22,500, May 1969

PLANS, DESCRIPTION:
Buffalo, N.Y.-based Sovran Self Storage Inc. purchased the 57,908-square-foot San Carlos Self Storage for $4.71 million.

The price equated to $81 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($49) in Southwest Florida, according to the CoStar Group.

 

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