Home Handy Storage in San Diego Sold for $3.5M

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Home Handy Storage, a 432-unit, 42,000-square-foot self-storage property in San Diego, sold for $3.5 million. The single-story facility was built in 1977 on just over an acre at the corner of Home and Euclid avenues. It also offers outside parking for boats, RVs and vehicles. The facility will be rebranded SuperStorage and undergo renovation.

The seller was Catherine Hullman, acting as trustee of the Grace 1991 Family Trust Marital Trust, and J.R. Enterprises Inc., of which she is president. Hullman was represented by Cody Evans of South Coast Commercial.

The buyer was Home Avenue Storage LLC, a California-based liability company. John R. McGrath Jr. and Dennis Levitt serve as the company’s managers. Purchase financing of $2.4 million was arranged by G. Andrew Graham III of Cornerstone Realty Finance Inc. for Manufacturers Bank.

SuperStrorage operates 11 self-storage facilities in Central and South California. In addition to residential and commercial self-storage, the facilities also act as drop-off locations for electronic waste and collection sites for Cell Phones for Soldiers, a non-profit organization that provides  communication services to active-duty military members and veterans.

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