PSC Fresno, LLC Acquires Cherry Ave Self Storage For $8.2M

The Cherry Ave Self Storage, a 1,085-unit facility in Fresno, California, was sold for $8.2 million. Situated on 5.74 acres at 1844 S Cherry Ave, the property offers excellent visibility from State Route 41, with underserved self-storage market conditions and a strategic location less than a mile from downtown Fresno.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $8,200,000
• Units: 1,085
• Price Per Unit: $7,558
• Market: Fresno
• Buyer: PSC Fresno, LLC
• Seller: Public REIT
• Broker: Brian Somoza - JLL

JLL Capital Markets, led by Managing Director Brian Somoza, facilitated the $8.2 million sale of the property. The buyer, PSC Fresno, LLC, an affiliate of Pratt Street Capital, LLC, acquired this self-storage facility in Fresno, California.