Victor Valley Self Storage of Victorville, CA, Sold for $3.3M

Victor Valley Self Storage and RV parking of Victorville, Calif., was sold by a private trust in May to the Doumerc-Contreras Family Trust for $3.3 million. The facility at 12250 Ridgecrest Rd. was built in 2004. It sits on 4.2 acres and comprises 65,699 square feet split into 493 units.

Victor Valley Self Storage and RV parking of Victorville, Calif., was sold by a private trust in May to the Doumerc-Contreras Family Trust for $3.3 million. The facility at 12250 Ridgecrest Rd. was built in 2004. It sits on 4.2 acres and comprises 65,699 square feet split into 493 units.

According to a release issued by CoStar Group, the sale represents the buyer's up leg in a 1031 Exchange.

The lender was Seattle Funding Group, according to a property summary on LoopNet.

The transaction was brokered by Roberto Munoz, a sales associate in the Los Angeles office of Marcus & Millichap Real Estate Investment Services. Munoz is part of the company's National Self Storage Group and represented both parties in the sale.

Victor Valley Self Storage offers traditional self-storage as well as outdoor parking for recreational vehicles. The facility offers discounts for military members, senior citizens and members of the local chamber of commerce. It also offers a referral credit and use of a courtesy move-in truck to existing tenants.

Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.

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