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Rosewood Property Company Lays Out $25M for Chapel Hill Self-Storage Facility
Rosewood Property Company, a Dallas, TX-based real estate investment vehicle for The Rosewood Corporation, has acquired an 814-unit, 76,051-square-foot Extra Space Storage facility in Chapel Hill, NC for $24.8 million.
CBRE’s self-storage advisory group represented the seller, Carolina Storage Partners, LLC, in the sale to Rosewood Property Company.
“With strong demographics and growth in the market, this transaction showed that there continues to be robust demand for cash-flowing, well-located self-storage facilities from all types of investors ranging from large institutions and family offices to private equity and sovereign wealth funds,” said CBRE’s Nick Walker.
The facility is situated directly on U.S. Highway 501, offering exposure to approximately 28,500 vehicles daily. It sits adjacent to nearby retail and to the Research Triangle Park and the University of North Carolina at Chapel Hill. The property includes climate-controlled units ranging in size from 20 square to 300 feet and includes 67 wine storage units.
- ◦Sale/Acquisition
