PHOENIX, ARIZONA – The Nunez Self-Storage Group, working in conjunction with West Coast brokerage firm the Reiser Group, represented the seller in the disposition of a 70,243 SF asset in Ukiah, California.
NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the Rutner Family in the sale of Ukiah Self Storage at 2301/2381 S. State St., in Ukiah, California. The California buyer was a 1031 Exchange buyer with several self-storage facilities throughout the Northern California markets.
“This one was a challenging one which in the end all came together. The seller, through their research found the Nunez Self-Storage Group,” Nunez said. “We were able to present a valuation that was nearly $2 million more than what another self-storage broker had brought to the seller.
“The challenge for the seller was they needed to close before year end. We started our marketing process and had the deal in escrow for full price within 30 days. The first buyer could not complete the deal and now we had 30 days to find a buyer and close. We had a few 1031 Exchange buyers that we were able to go to quickly and we got it done,” Nunez said.
Built in 1992, Ukiah Self Storage was upgraded in 2004 and 2008 with room for potential expansion. It totals 70,423 NRSF and 627 units.
The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.