Fratzke Commercial Real Estate Advisors, Inc. is pleased to announce The Sisters Sno cap mini storage facility sold on Tuesday, June 23rd, 2020. It was placed into escrow in March 2020.
The Sellers owned the development for the past 14 years and wanted to enter the next chapter of their lives.
“The property went into escrow once in late February and again in March but in both cases the Buyers were unable to complete their purchase. The third buyer from Portland ended up funding their acquisition with cash.” said Brian Fratzke, CCIM and Principal Broker of Fratzke Commercial who represented the Seller with the sale.
It has been a pleasure working for John and Peggy Tehan knowing that their property will be well managed by the new Buyer and the Tenants well taken care of.
The 280 Unit Storage Facility sold at a 6.43% capitalization rate.