Ye Olde Storage Inn, a 50,220-square-foot facility in St. Joseph, Mich., sold for $1.2 million.
Morry Greener of the Pogoda Cos. represented both the buyer, Cedar Creek LLC, and the sellers, Midwest Storage Systems Limited Partnership, in the transaction, which closed in May.
Opened in 1979, Ye Olde Storage Inn includes eight buildings with 313 units and 18 RV- and boat-storage spaces on 3 acres. The asking price for the property was $1.2 million. The new owners intend to continue to operate the facility as a storage property in conjunction with another property they own nearby.
Founded in 1987, Pogoda Cos. provides brokerage, management, investment and consulting services to the self-storage and manufactured housing industries through its Pogoda Group Inc. and Pogoda Management Co. divisions.
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