Pogoda Cos., a Farmington Hills, Mich., self-storage operator and broker, facilitated the sale of the 33,550-square-foot Bristol Self Storage facility in Burton, Mich., for $1.3 million. The seller was Bristol Storage of Michigan LLC. The new owner is SJ Storage Properties LLC, a local private investment group, which intends to operate the facility under its existing name. Morry Greener represented both parties. Constructed in 1987 and expanded in 2004, the facility includes seven buildings with 234 units.
Pogoda Cos. has approximately 3 million square feet of self-storage space under management in 38 facilities throughout Michigan and Ohio.
Hiring a Third-Party Management Company for Self-Storage [By Maurice Pogoda and Tom Berlin]