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Bancap Self Storage Group Brokers San Diego Self Storage Property

Storage Property Sells at $15.4 Million

Laguna Beach, CA, November 14, 2017 --(PR.com)-- Bancap Self Storage Group, Inc., the #1 Self
Storage Broker in California, announced it recently completed the sale of Lock-It Lockers in the city of
San Diego, California. Dean Keller, the firm's president, was the exclusive listing agent and sole broker
of the transaction. The seller was the original private developer of the property. The buyer was Extra
Space Storage, a publicly traded national REIT (real estate investment trust.)

The property, which has already been rebranded as Extra Space Storage, is located in the desirable
Mission Valley area in the heart of San Diego surrounded by a wide variety of commercial, retail, office
& residential uses. The facility has approximately 56,700 net rentable square feet of self storage space
demised into over 750 units with outdoor vehicle spaces and a cellular service site. With over 1,000 feet
of freeway frontage in one of the most under-served markets in the country, the property was a rare
opportunity to buy a Southern California trophy property with additional upside potential.

This was a very well thought out and executed sale by the owners who originally built the facility, said
Dean Keller. They really did their research and understood the market well. We were pleased they
selected us to represent them in the sale of this asset.

Jed Burton, Vice President and Associate General Counsel for Extra Space said, I've never worked with
a broker who has been so fully engaged and added as much value to a transaction as Dean did on this
deal. He really got into the weeds, solved problems, and kept the ball rolling, all with an extremely high
level of professionalism. It was a pleasure working with him and I hope we have the opportunity to do so
again.

Bancap Self Storage Group is one of the top self storage specialist brokers in the industry with a track
record of over $1.35 billion in completed self storage sales. The company has specialized exclusively in
self storage properties for over 30 years. Dean Keller, President, is currently the Chairman Emeritus of
the California Self Storage Association Board of Directors and a member of the Board of Governors for
the national Self Storage Association Foundation.

For more information about this transaction, contact Bancap Self Storage Group at
info@bancapselfstorage.com, or call Dean Keller at 949-715-2233 or visit the company web site at
www.bancapselfstorage.com.

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Contact Information:
Bancap Self Storage Group, Inc.
Dean Keller
949 715-2233
Contact via Email
www.BancapSelfStorage.com

Online Version of Press Release:


You can read the online version of this press release at: https://www.pr.com/press-release/736110

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