Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Portland  + Retail  | 
Vancouver WA Self Storage

Self-Storage Facility Changes Hands in Portland Submarket

JLL Capital Markets has helped facilitate the sale of the 1,134-unit, climate-controlled self-storage complex in Vancouver, WA. The JLL team of Brian Somoza, Steve Mellon, Christopher Ross and Ethan Goldberg represented the seller, an affiliate of Banner Real Estate Group. Strategic Storage Trust VI, Inc. acquired the asset. 

Vancouver Self Storage is located at 16600 SE 18th St. in the Fisher Landing East neighborhood, 20 miles north of downtown Portland. The 2-year-old facility features modern amenities including electronic access control, elevators to the upper floors, a covered loading bay and 24-hour video surveillance. 

The immediate area contains nearly 43% renter-occupied housing in one of the fastest growing cities in the U.S. Somoza said in a news release, “The area’s high share of manufacturing and tech jobs have stayed strong throughout COVID and are continuing to see remarkable growth and expansion.” 

Connect

Inside The Story

JLL Capital MarketsBrian Somoza

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition