SOLD
Merit Hill Capital Acquires Self Storage In Auburn For $21M
391 Nevada Street & 12035 Shale Ridge Road
108,000 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
108,000 sqft
A self storage property located at 391 Nevada Street & 12035 Shale Ridge Road in Auburn has been sold for $21,000,000. The transaction took place on 08/24/2022. The property consists of 938 units and has a total square footage of 108,000. The price per unit is calculated at $22,388 and the price per square foot is $194.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $21,000,000
- Units: 938
- Price per Unit: $22,388
- Square Footage: 108,000
- Price per Square Foot: $194
- Address: 391 Nevada Street & 12035 Shale Ridge Road, Auburn
- Market: Auburn
The buyer in the deal is Merit Hill Capital. The broker representing the buyer is Morgan Windbiel from the Self Storage Advisory Group at CBRE.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Morgan Windbiel
DATE: 08/24/2022
ADDRESS: 391 Nevada Street & 12035 Shale Ridge Road
MARKET: Auburn
ASSET TYPE: Self Storage
BUYER: Merit Hill Capital
BROKER: Morgan Windbiel - Self Storage Advisory Group - CBRE (@CBRE)
SALE PRICE: $21,000,000
UNITS: 938 ~ PPU: $22,388
SF: 108,000 ~ PPSF: $194View on map
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Address391 Nevada Street & 12035 Shale Ridge Road
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