Oceanside EZ Storage of California Sold for $3.8M

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Oceanside EZ Storage in Oceanside, Calif., recently sold for $3.8 million to Heritage Glen Investments LLC, a Nevada limited-liability company. Built in 1973, the 209-unit facility at 444 Edgehill Lane encompasses 65,509 square feet and includes 81 boat/RV-parking spaces.

The sellers were Oceanside EZ Storage LLC, a California limited-liability company, and Ronald S. Green, trustee of the Ted J. Green Trust. The property is managed by KAN Management and the onsite manager is Jeannine Caryl.

The purchase was financed with loans for $1.9 million and $950,000 from U.S. Bank and $978,000 from Capital Access Group, according to the source.

The buyer was represented by Craig Stewart, senior vice president/principal of ACRE Investment Real Estate Services, and Chase Sandrik, senior director of ACRE. Escrow was provided by Annemarie Lococo of Chicago Title. Cameron Aldrich, also of Chicago Title, provided the title-insurance services. The seller was represented by Michael J. Gross, vice president of Allied Commercial Real Estate Inc. in Ontario, Calif.

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