The two-property Schillinger Mini Storage portfolio in Mobile, Ala., recently sold to a local investor for $1.27 million. The portfolio includes 2610 Schillinger Road S., which includes a 35,000-square-foot storage building, and 1550 Leroy Stevens Road, which includes 30,000 square feet of storage space. Combined, the facilities include more than 400 units, according to Keith Vaughan, owner of KV Properties LLC, who represented the seller in the transaction.
KV Properties is a Mobile, Ala., commercial real estate company that offers brokerage and property-management services. Vaughan has been a developer, general contractor, owner or partner for six self-storage facilities, according to the source.
The undisclosed buyer was represented by Loyd Marston of SpringHill Real Estate, a Mobile, Ala.-based real estate company representing buyers and sellers in Baldwin County and Mobile County.