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Self Storage Facility Sells In Santee

454-Unit Magnolia Self Storage Sells Fetches $6M Sale Price
By Matt Mendoza
August 27, 2003 | 2:07 P.M.

Kleege Family Partners LLC acquired the Magnolia Self Storage facility for $6 million, paying in excess of $13,200 per unit. The property, located at 10805 Kenney St. in Santee, CA , includes 454 storage units for a total of 77,414 rentable square feet. The transaction was a strategic acquisition by the buyer, which already owns the Bradley Self Storage facility at 1771 Graves Ave. in El Cajon, CA. The seller, Magnolia Mini Storage GP, and buyer represented themselves in the sale.

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News | Self Storage Facility Sells In Santee