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Chicago & Midwest  + Midwest  + Retail  | 

Franklin Street Arranges Sale of Indiana Self-Storage Portfolio

Franklin Street has arranged the sale of a two-property, value-add self-storage portfolio in Angola, IN, about an hour north of Fort Wayne. The portfolio comprises 109 units and 16,775 rentable square feet. 

Senior directors David Perlleshi and Frank DeSalvo, who lead Franklin Street’s national self-storage investment sales practice, represented the seller, HZ Capital Partners, LLC. The buyer was NT Investments, LLC. 

“This portfolio garnered significant demand for its strong value-add potential, including opportunities to increase occupancy, while bringing rental rates and other tenant fees up to meet the current market,” said Perlleshi. “We are pleased to have brought the right buyer to the table, ensuring another successful transaction on behalf of our client.” 

The two properties in the portfolio are located at 1009 N Wayne St. and 3845 N 300 W. They were built in 1986 and 1999, respectively. Notably, the Wayne Street facility has space for further development. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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