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VanWest Acquires Two Tulsa Self-Storage Facilities
VanWest Partners has acquired two ClearHome self storage facilities, totaling 140,000 square feet in Tulsa, from a private investor.
The portfolio deal is part of VanWest Storage Fund III, which has already closed on three additional acquisitions. The five facility purchases represent more than $41 million in total capitalization since April 2022.
The two ClearHome properties offer a combined 950 units. VanWest plans to execute a capital improvement plan for the renovation of the two properties, including adding new gates and camera systems, door replacements, as well as roof and asphalt repairs.
The largest property, at 108,290 square feet, was completed in 1976. The facility encompasses eight buildings on a 5.9-acre lot and offers units ranging from 50 to 600 square feet.
The second property was completed in 1960 and offers 32,600 square feet, distributed in three buildings across 2.3 acres. The facility offers units ranging from 50 to 400 square feet.
- ◦Sale/Acquisition
