Self Storage Units Sell for $4.9 Million

Oklahoma Self Storage LP has purchased the RitePlace Storage and Expressway Mini Storage for a combined $4.9 million from OK City LLC and Broken Arrow Expressway Mini Storage LLC.
Denver-based Oklahoma Self Storage LP, which plans to renovate, combine and expand the facilities, paid $3 million for RitePlace Storage, 4360 S. Mingo Rd., and $1.9 million for Expressway Self Storage, 9510 E. Broken Arrow Expressway.
According to press reports, both facilities will be operated under the RitePlace name.
Under the buyer’s expansion plan, the combined facilities will receive an additional 40,000 SF building. The property currently contains 120,000 SF of self-storage space.

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