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.
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