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Caster Properties, Inc. Partners with The Focus Group to Purchase Land in San Diego

Friday, September 6, 2013   (0 Comments)
Posted by: Erin King
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FOR IMMEDIATE RELEASE

Caster Properties, Inc. Partners with The Focus Group to Purchase Land in San Diego, CA.

Caster Properties, Inc. Partners with The Focus Group to Develop New Self Storage Facility in Pacific Beach, San Diego as A1PB, LP.

San Diego, CA – September 6, 2013 – Caster Properties, Inc. DBA A-1 Self Storage, the premier provider of self storage in California, announced today that A1PB, LP purchased 7 parcels of land on Garnet Avenue in the Pacific Beach neighborhood in San Diego, CA totaling 88,000 sq. ft. for $4,000,000.00 from the Browar Family Trust. The property is situated on prime infill parcels on the main arterial to Pacific Beach.

A1PB, LP is a partnership between Caster Properties, Inc. and The Focus Group.

Tommy Gibbs of Flocke & Avoyer Commercial Real Estate states: "This corridor has had a handful of recent noteworthy sales; it is one of the busiest intersections in San Diego and has strong surrounding demographics. We were pleased to assist the partnership of Caster Properties, Inc. and The Focus Group in their purchase of this property.”

Todd Dwyer, of The Focus Group states: "We feel this opportunity has significant upside and we look forward to being a part of a portion of the redevelopment of this corridor”.

Tommy Gibbs and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented the Buyer, A1PB, LP. The sellerwas represented by Mark Bitterlin of Trust Real Estate Services.

"Caster Properties, Inc. looks forward to opening our newest A-1 Self Storage location in Pacific Beach, making it our eighteenth store in the San Diego market.” said Brian Caster, President and CEO of A-1 Self Storage. "Given its prime location on Garnet Avenue and Mission Bay Drive, plus easy accessibility to the I-5 freeway – this property possesses great potential.”

To find a San Diego County A-1 Self Storage, please visit: http://www.a1storage.com/self_storage/San_Diego_Region/a-1_self_storage

Or to find an A-1 Self Storage location near you, please visit:

http://www.a1storage.com/self_storage/locations

About A-1 Self Storage:

A-1 Self Storage is one of the leading providers of self storage and car storage in California with 17 locations in the San Diego County area and over 42 locations statewide. A-1 is the Self Storage division of the Caster Companies, a third generation family-owned company headquartered in Southern California since 1959. The Caster Companies specializes in acquisitions, development and management of A-1 Self Storage, A-1 Car Storage and other commercial properties in California. Its Real Estate Portfolio includes over 4 million square feet in real estate properties. It is one of California’s largest independent self storage and car storage owner/operators.

CONTACTS:

Fran Laporga-Ching | A-1 Self Storage | (800) 219-4854 x 141| press@a1storage.com | www.a1storage.com