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Self-Storage Complex Changes Hands in Boston’s Northern Suburbs

 JLL Capital Markets said Thursday it had completed the sale of Newbury Self Storage, a 686-unit self-storage facility in Newbury, MA. The sale price was not disclosed.

JLL’s Capital Markets Self Storage team represented the private seller, Stowaway Storage Newbury, LLC. The team also procured the buyer, Andover Properties.

Newbury Self Storage consists of 12 single-story buildings completed in stages from 2016 to 2023. The property offers 111,000 rentable square feet, an onsite office, drive-up units and land for additional expansion.

The 49.35-acre site is located directly on Route 1/the Newburyport Turnpike, approximately 30 miles north of Boston in Newbury. Newbury Self Storage is the newest of the self-storage options in its trade area, according to JLL.

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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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