Just Sold – 500 Unit Self Storage Facility in Spring Valley for $9,000,000

SAN DIEGO – September 6, 2016 – ACI Apartments is pleased to announce the recent sale of Sweetwater Springs Self Storage, a 500 unit complex located in Spring Valley, CA. The 103,350 square foot property, located at 10751 U S Elevator Rd., was purchased by Dan Floit of San Diego for $9,000,000.

Dave Savage of ACI represented Dan Floit on the Buyer Side. The Buyer intends to substantially upgrade the asset. The Seller was The White Family Trust of El Cajon and was also represented by Dave Savage of ACI.

The Sweetwater Springs Self Storage complex consists of 500 storage units ranging in size from 5×5 to 25×35. There are also an additional 178 vehicle storage spaces.

Sweetwater Springs Self Storage, located on an 11.47 acre lot. Additionally the purchase price per building square foot was $87.0888.  The rental rates for the storage units at time of sale ranged from $35-$600 and were considered low for the area. The vehicle space rents ranged from $70-$100 each. The property enjoys gated access, gated building, video security, and an on-site office/manager residence. There is an opportunity to increase value significantly via the build out of phase two.


About ACI Apartments INC.

ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.  Please visit us online at www.aciapartments.com