Colliers Negotiates $25M Sale of Self-Storage Facility in Stockton, California
STOCKTON, CALIF. — Colliers has arranged the sale of Hammer Lane Self Storage, a self-storage property located at 6220 Sampson Road in Stockton. Northwest Building LLC acquired the asset from Hammer Lane LLC for $25 million, or $227 per rentable square foot and $39,960 per unit.
The property features 109,800 square feet in 526 fixed storage units and an additional 49,064 square feet of parking in 99 units.
Tom de Jong and Dana Chobor of Colliers’ Self Storage Group represented the buyer and seller in the transaction.