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Self-storage sales continue in Lake County

Another self-storage facility in Lake County has sold for top dollar.

Best American Self Storage at 1940 Nightengale Lane in Tavares recently sold for $2.4 million. Gallacher Enterprises LC was the seller and Consultcom Tavares LLC was the buyer.

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The last qualified sale on the property was in 2002 for $875,000.

Self storage has been a hot commodity in Lake County this summer. GrowthSpotter reported a rash of other self storage sales in July. There were at least four sales and two of them were sold for about twice what they were bought for in 2010.

The July sales included two facilities in Clermont, one in Minneola and one in Leesburg.

The prices ranged from $83.85 a square foot in Clermont to about $64 a square foot in Leesburg.

The Tavares sell netted $75.90 a square foot.

tburney@growthspotter.com or 352-455 1955

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