Drew Hoeven & Charles Byerly Of Westport Properties Acquire Self Storage Portfolio In California

The transaction involved a self-storage portfolio consisting of two facilities located at 17106 South Avalon Boulevard and 2500 Campbell Place. The properties collectively encompass 270,841 square feet and feature 2,284 units on a total of 7.9 acres. Built in 2006 and 2008, these assets were reported to be 90% leased at the time of the sale, which occurred in the Carson and Carlsbad markets.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 2,284
• Square Footage: 270,841
• Acres: 7.9
• Buyer: Drew Hoeven & Charles Byerly - Westport Properties
• Brokers: Greg Wells, Kevin Cuff, Luke Elliott & Michael Mele - Cushman & Wakefield

Westport Properties, represented by Drew Hoeven and Charles Byerly in this transaction, acquired the self-storage assets. The brokerage team comprised Greg Wells, Kevin Cuff, Luke Elliott, and Michael Mele from Cushman & Wakefield, facilitating the transaction without disclosing specific terms.