Ryan Layton of American Real Estate Associates represented the seller and buyer in the sale of University Storage in Ellensburg, Wash. The property sold on March 25 for $400,500 at a 9.5 percent cap rate. The site includes 10,268 rentable square feet of self-storage on 27,800 square feet of land.
Layton also represented the seller and buyer in the sale of Valley (Wash.) Self Storage. The 16,512-square-foot property also sold on March 25 for $245,189 at an 11 percent cap rate.