Alcatraz Storage recently sold a self-storage facility in Muncie, Ind., for an undisclosed amount to Community Storage.
“We are in the process of raising capital for expansion in certain markets by selling off select facilities within our portfolio,” said Scott Meyers, president of Alcatraz Storage, which owns and operates several facilities throughout Indiana. Meyers added the continued positive trending in the industry along with growth of his company's self-storage training business, Self Storage Profits Inc., has Alcatraz ready to acquire facilities along with its joint-venture partners.
Alcatraz has an office in Noblesville, an Indianapolis suburb, but the business website shows one operational facility in Crawfordsville. Community Storage has eight locations throughout Indiana.