W. P. Carey Acquires Self Storage Facility In Santa Fe Springs With Newmark As Seller's Broker

The transaction involved a self-storage facility located at 15015 Valley View Avenue in Santa Fe Springs. The asset encompasses 302,900 square feet and sits on 16.7 acres of land. The property is fully leased to United Natural Foods under a long-term agreement, providing stability to the investment.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not specified
• Square Footage: 302,900 SF
• Acres: 16.7
• Address: 15015 Valley View Avenue
• Market: Santa Fe Springs
• Buyer: Jason E. Fox - W. P. Carey
• Brokers: Aaron Banks, Andrew Briner, Bret Hardy, Jim Linn, Kevin Shannon & Luke Easton - Newmark

The buyer, Jason E. Fox, represents W. P. Carey, which acquired the property from a Brookfield-backed seller. Newmark served as the brokerage firm representing the seller in this transaction. The under-renovation self-storage facility includes 273,300 square feet of temperature-controlled space and was traded below replacement cost.