The activity in Vashon’s commercial sector continued last month with the sale of Island Security Self Storage.
Islander George Hill, of Point Robinson Properties LLC, built the buildings and business and sold it May 16 to WCSS Vashon Island 516 LLC for $9 million.
No immediate changes with staffing or rental for the facility are planned, according to Tom Davies, a district manager for the West Coast Self-Storage Group, the new owner of the facility.
The storage facility is located next to the post office at 10015 SW 178th St. and features 40 different sizes of storage units with both drive-up access and inside units available, according to a press release the company provided. The facility also offers RV storage spaces as well as boxes and other packing supplies.
The press release indicated that future plans include making the facility a U-Haul dealer so that customers will be able to rent moving trucks directly from the business
Davies said he sees a lot of potential for the storage operation.
“Island Security Self Storage is a great storage facility with the best amenities on the island. We’re excited to add to its products and services with our knowledge of the storage industry to best serve the Vashon community,” he stated.
William Shadbolt, a local real estate investor and president of the Rental Housing Association of Washington weighed in about the sale, noting that currently Vashon has just over 4 square feet of self-storage space per resident compared to Seattle’s 7.7 square feet per resident, an indication of why this was an attractive purchase for the new owners.
West Coast Self-Storage Group is a self-storage property management, acquisition, and development company with its headquarters in Everett. The company currently manages or owns 53 stores in Washington, Oregon and California.
Former owner Hill did not respond to a phone call seeking comment about the sale or his future plans.