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CBRE announced the $43.55 million sale of a three-property self-storage portfolio to Wentworth Property Company

CBRE Arranges $43.55M Atlanta Area Self Storage Portfolio Sale 

CBRE’s Self Storage Advisory Group has announced the $43.55 million sale of a three-property self-storage portfolio to Wentworth Property Company. 

CBRE’s Self Storage Advisory Group represented the seller, Gwinnett Self Storage. The properties include 242,500 square feet of self-storage space across 1,912 units. They are located at·2600 Lawrenceville Highway in Lawrenceville, 1475 Grayson Highway in Lawrenceville, and 3950 Five Forks Trickum Road in Lilburn. Occupancy was at 94 percent at the time of the sale.

“Even in today’s challenging time for commercial real estate, self storage is still one of the few preferred product types by local, regional, and institutional capital sources,” said Nick Walker, a Vice Chairman at CBRE.

“Georgia and the southeast sunbelt region have continued to attract buyers from all over the country due to its tremendous population growth, and this portfolio was no exception,” said Morgan Windbiel, a Senior Vice President at CBRE.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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