Merit Hill Capital Acquires Auburn Self-Storage Duo

Merit Hill Capital has purchased a pair of self-storage facilities, totaling 108,000 square feet in Auburn, CA. The properties, Auburn Self Storage on Enterprise Drive and North Auburn Self Storage on Shale Ridge Road were sold for $21 million. CBRE’s Self Storage Advisory Group represented the undisclosed seller in the transaction.

“The Auburn Self Storage properties are a great opportunity for an investor to enter a fast growing market in California,” said CBRE’s Morgan Windbiel. “Interest in the Auburn area is strong due to its high average household incomes, large population growth and great quality of life.”

The two self-storage buildings are located three miles apart and consist of a total of 938 units. Both facilities offer a variety of spaces including drive-up units, interior climate units and RV parking spaces. They are also located along the high traffic Highway 49 corridor.