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98-Unit Self-Storage Facility Sold to Private Investor

BEND, OR – Compass Commercial Real Estate Services represented the sale of a 98-unit self-storage facility located at 345 SE Cleveland Avenue in Bend. Erich Schultz, SIOR, Darren Powderly, CCIM and Jay Lyons, CCIM represented VSV, LLC in the sale of A+ Storage —a facility that was built in 2004.

“This was a unique transaction as the sellers came to own the property through an inheritance,” noted Schultz. “They live out of the area and were hands-off in the operation of the business which led to some gaps in the availability of historical information —information that a buyer would typically require.”

Erika Morris with Morris Hayden Property Management represented the buyer, Flying Peacock Family Trust.

“Erika, the buyer and the Compass Commercial team worked cooperatively and diligently to fill in the blanks. In the end the buyer was satisfied and the transaction closed in a timely matter,” Lyons added.

For information regarding this transaction contact Compass Commercial at 541.383.2444.