Le Lézard
Classified in: Transportation, Business
Subjects: VEN, RLE

Safe Storage Investors Announces Sale of Arnold Self Storage


HICKSVILLE, N.Y., Aug. 15, 2022 /PRNewswire/ -- Safe Storage Investors announced the sale of Arnold Self Storage, a 373-unit, 42,055 square foot self-storage facility located at 3577 North Eastman Road, Midland, Michigan 48642.

The sale was managed by Scott Rihm and Jesse Luke at EquiCap Commercial on behalf of the buyer and Frank DeSalvo and David Pelleshi of Sands Investment Group on behalf of the seller.

Safe Storage USA, and its affiliate partners, increased the rents substantially through value-add maintenance, operational efficiencies, and new forms of ancillary income streams ? achieving a 97% occupancy at the point of sale.

"We are tremendously proud of the outcome of the Arnold Self Storage investment. We purchased the property at the height of the pandemic in a market entrenched with a tremendous amount of uncertainty and challenge. Through efficient cost management and a razor-sharp focus on delivering returns for our partners, we managed to achieve a 528% return on equity invested in just over 14 months. We thank all parties involved for making this transaction a success." (Russell Nersesov, Managing Director, Safe Storage Investors)

Safe Storage Investors is currently in the market to purchase additional self-storage facilities.

Safe Storage USA is a premier self-storage facility owner and operator. With units across the country, Safe Storage Investors provides safe and secure self-storage solutions for all storage needs. Founded by David Khantses and Russell Nersesov, Safe Storage Investors has grown into the go-to provider for individuals looking for an affordable and transparent self-storage experience. Safe Storage Investors prides itself on its integrated payment model and efficient online portal, making renting space a seamless and enjoyable process for tenants.

To learn more about Safe Storage Investors visit www.safestorageusa.com.

If you'd like to partner with Safe Storage Investors, receive passive income, and participate in the nation's exponential growth of self-storage needs, visit www.safestorageinvestors.com. Safe Storage Investors is Safe Storage Investors's affiliate investment and investor education program.

Contact:

Russell Nersesov
[email protected]
1-516-336-4884

SOURCE Safe Storage Investors


These press releases may also interest you

at 11:15
Urbanfund Corp. Announces Loan to Shareholder
Urbanfund Corp. ("Urbanfund" or the "Company"), announces that it entered into loan agreement dated May 7, 2024 (the "Loan Agreement") pursuant to which the Company has agreed to loan Westdale Construction Co. Limited ("Westdale") the principal...

at 11:14
Arizona's Monte Vista Village Resort Named the West's Land-Lease Community of the Year by the Manufactured Housing Institute
The Manufactured Housing Institute (MHI) has named Monte Vista Village Resort as the West's 2024 Land-Lease Community of the Year award winner. This marks Monte Vista's first time winning this prestigious award. The 142-acre manufactured home...

at 11:12
Artmarket.com: CIHA Lyon 2024 - France. Artprice is an active sponsor of the International Congress of Art History (CIHA) which this year will be attended by a thousand researchers from over 70 countries
The Comité International d'Histoire de l'Art (CIHA) has existed since 1873 and its congresses have usually taken place every four years (sometimes colloquially referred to as the Art History Olympiad)....

at 11:09
Highstreet Insurance Partners enters Kentucky with the acquisition of RISE Partners
Highstreet Insurance Partners ("Highstreet"), one of the fastest growing community-based insurance brokerages and financial service firms in the US, announced today its acquisition of RISE Partners ("RISE"). The terms of this transaction were not...

at 11:06
Contract Guardian Achieves Remarkable Client Retention Rate of Over 95% Year Over Year
Contract Guardian, a leading provider of contract management solutions, proudly announces its exceptional client retention rate of over 95% for the past several years. This remarkable achievement underscores Contract Guardian's commitment to...

at 11:00
SOLUROC INVESTS IN THE FUTURE OF ITS WATERLOO FOUNDRY: MODERNIZATION AND EXPANSION IN THE WORKS
The Soluroc team is very pleased to announce a significant investment in its foundry in Waterloo, Quebec. The objective of this investment is to improve the working environment of our team members, modernize the facilities and double the production...

More news about Business...


News published on and distributed by: