Updated Sep 10, 2026
SOLDSelf Storage
Ryan Brown & Colby Nelson Of Turnbull Equity Sell Self Storage Facility In Morgan Hill For $2.68M
16325 Barrett Avenue
$2,680,000
$268/SF
Building Size
10,000 SF
Asset Type
Self Storage
Closing
Sep 1, 2026
About this deal
AI
The property asset involved is a self-storage facility located at 16325 Barrett Avenue in Morgan Hill, CA. The sale price for the asset was $2,680,000, and it has a total square footage of 10,000, which translates to a price per square foot of $268.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $2,680,000
- Address: 16325 Barrett Avenue
- Market: Morgan Hill, CA
- Square Footage: 10,000
- Price per Square Foot: $268
- Buyer: Ryan Brown & Colby Nelson - Turnbull Equity
- Date of Transaction: 09/01/2026
Ryan Brown and Colby Nelson, representing Turnbull Equity, acquired the self-storage facility after a 21-month hold, which yielded a 74.2% gross IRR for the investment firm.
Players
Morgan Hill Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.92%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93