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.

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

Related Articles: 

California Developer Gets Approval for Self-Storage Conversion 

StorQuest Opens Self-Storage Facility in Thousand Oaks, Calif.

Décor and Marketing Appeal to Wine-Storage Aficionados

Self-Storage Talk: Got Wine?

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish