South Bay Realestate News – Storage Mart Pays $3.3M

November 8th, 2011 05:00am

Storage Mart Pays $3.3M for Morgan Hill Industrial
Storage Mart, headquartered in Missouri, acquired the 61,720-square-foot, self-storage facility in Morgan Hill, CA from Stonecrest Managers, Inc. for $3.3 million, or about $53 per square foot.The new Storage Mart location was delivered in 1991. The facility is located on a main artery near the center of Morgan Hill. There are office suites located in the front and self-storage is in rear of the property.Scott Prosser of CBRE in San Jose…
Jeff Hitch

Johnson-Himsl Partnership Purchases Adjacent Properties in Palo Alto
Johnson-Himsl Partnership acquired two fully-leased buildings from Premier Properties Management for $4.2 million total.The buildings are located at 2221-2225 El Camino Real and 2233 El Camino Real in Palo Alto, CA, and consist of 6,750 square feet of retail and office space. Both properties are fully leased and there are no intentions for redevelopment in the near term.Gil Marino represented the seller. Kevin Cunningham of Cornish & Carey…
Greer Pruitt

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