SecureCare Self Storage purchased five Boulder, Colo., facilities from Pennsylvania-based U-Store-It Trust for $26 million. The facilities comprise nearly 250,000 square feet of self-storage space.
SecureCare previously owned the properties before selling them to U-Store-It in May 2006 for $31.6 million. For this transaction, it bought the properties through the HVP Storage II LLC name, funded by investors through Chicago-based investment company Heitman Capital Management LLC.SecureCare has more than 100 self-storage facilities in Colorado and nine other states.
Source: Boulder County Business Report, Storage space goes for $26 million