Value Store It Inc., which operates 14 properties on the East Coast under the Value Store It Self Storage brand, has purchased Extra Secure Self Storage in Pompano Beach, Fla., for $10 million. The property at 2250 North Powerline Road comprises 110,690 square feet of storage space in 680 climate-controlled units.
The seller was GT Development LLC, led by Thomas P. Richerson. GT purchased the land in 2006 for $1.6 million and completed the building in 2010, according to the source.
Value Store It also recently opened a six-story facility in the Little Havana neighborhood of Miami. The climate-controlled property comprises more than 800 units, and includes an upscale reception area, covered parking and retail space.
Based in Miami, Value Store It is owned by Todd Ruderman. It operates self-storage in Florida and Massachusetts, with most of its portfolio concentrated in South Florida. Its facilities offer commercial and residential storage, truck rentals, and moving and packing supplies.
- The Real Deal: Value Store It Buys Self-Storage Facility in Pompano Beach