FIRESTONE SELF STORAGE SELLS FOR $8.6 MILLION

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SOUTH GATE, CALIF. — Los Angeles-based Nova Development has purchased Firestone Self Storage, a 91,584-square-foot self-storage investment property in South Gate. Granite Investment Group sold the property for $8.6 million. Located at 5951 Firestone Blvd., the property contains 91,000 rentable square feet and 82 outside RV/boat parking spaces. At the time of acquisition, the property was 85 percent occupied. Greg Wells of Grubb & Ellis|BRE Commercial represented both parties in the transaction.

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