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Self Storage Portfolio Sold in Texas, California
Cushman & Wakefield and JLL joined forces to complete the sale of the Self Storage 1 portfolio encompassing two trophy self storage properties in Los Angeles and Houston (pictured). Totaling more than 158,000 square feet, the assets are purpose built, institutional quality self storage projects offering modern designs and amenities.
An undisclosed national owner/operator, purchased the portfolio from San Jose, CA-based Cardiff Mason Development. Cushman & Wakefield’s Greg Wells and JLL’s Steve Mellon and Brian Somoza handled the transaction on behalf of the seller.
The Houston store is located at 5321 Richmond Ave. in the Galleria-Uptown area of Houston, one of the most dynamic, high-end submarkets in Texas.
Located at 11820 W. Olympic Blvd., the store in West Los Angeles serves the highly affluent communities of Brentwood, Beverly Hills, Santa Monica and West Los Angeles.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition