Lakewood Ranch Xpress Storage LLC purchased 3 acres of land in East Manatee, Fla., for $1.4 million. The land at 10415 Portal Crossing is just off State Route 64 and Upper Manatee River Road. It was valued at $665,082 in 2013, according to the Manatee County Property Appraiser. The seller, Portal Crossing RT 64 LLC, provided a $225,000 mortgage for the transaction, according to the source.
Lakewood Ranch Xpress Storage is registered to Steve Wilson, managing partner of Hide-Away Storage. Wilson opened the first Hide-Away Storage in Bradenton, Fla., in 1977. He’s a former president of the national Self Storage Association and was inducted into its hall of fame in 2010.
Headquartered in Sarasota, Hide-Away Storage owns 11 facilities in Southwest Florida. The company opened its first Xpress Storage in Sarasota, Fla., in 2010, and a second one in Parrish, Fla., in 2013.
Sources:
- Bradenton Herald: East Manatee Land Sold to Storage Company for $1.4M
- Inside Self-Storage: Self-Storage Operator Hide-Away Storage Opens Second Xpress Facility in Florida
