Lee & Associates Represents Sellers in California Transactions

Self Storage Depot in Moreno Valley Ranch, Calif., sold for $7.55 million. The facility is comprised of 117,000 net rentable square feet of storage space and 850 units. The buyer, SecurCare, a privately held real estate corporation in Lone Tree, Colo., operates in the western and southeastern United States. The seller was Moving & Self Storage Depot LLC, a privately held development company in Corona, Calif. Stephen Grossman of Lee & Associates-Newport Beach Inc., represented the seller. Grossman also represented Morelli Brother Enterprises LLC in the sale of 210 Self Storage Development in Los Angeles for $7.5 million to Extra Space Storage Inc. For more information, visit www.lee-associates.com