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Trustee Sale Set for June 22 for Sonoma Storage Emporium in California
Sonoma Storage Emporium in Sonoma County, Calif., which specializes in wine storage, will be up for sale in June to satisfy an $11.1 million loan to Sonoma Valley Bank.
June 14, 2010
1 Min Read
A self-storage facility in Sonoma County, Calif., that specializes in wine storage will be up for sale in June to satisfy an $11.1 million loan to Sonoma Valley Bank.
SSE LLC owns Sonoma Storage Emporium, a four-acre 721-unit self-storage complex with 36,000 square feet of refrigerated wine storage. The facility has been on the market for sale at $17 million, then reduced to $15.5 million. The trustee’s sale is set for June 22 at 11 a.m. at the Petaluma Community Center.
In the past four years, SSE developed four self-storage facilities in the North Bay region, including locations in Larkspur, Santa Rosa, San Rafael and Novato.
Devon Self Storage, a self-storage facility investment and management company, was hired in April to operate the facility in Santa Rosa, according to news reports. The 248-unit Novato facility is also listed for sale at $5.8 million.
Source: North Bay Business Journal, Commercial Real Estate
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