facebook
Traded Co logo
Submit a Deal
1844 South Cherry Avenue
SOLD

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

1844 South Cherry Avenue

Self Storage
clock iconSold 61 days ago
the dealplayerscompscontact
share iconContact now

Summary

Sale
CALIFORNIA
Self Storage

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.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Brian Somoza's profile picture
Brian Somoza
JLL-image
Managing Director
$174.5M Sold

Details

Deal Summary
minus icon
SOLD
IMAGE: 05/15/2024 ADDRESS: 1844 South Cherry Avenue MARKET: Fresno ASSET TYPE: Self Storage ~ ACRES: 5.74 BUYER: PSC Fresno, LLC BROKER: Brian Somoza - JLL SALE PRICE: $8,200,000 UNITS: 1,085 ~ PPU: $7,558 NOTE: JLL Capital Markets announced the completion of the $8.2 million sale of Cherry Ave Self Storage, a 1,085-unit facility in Fresno, California, representing the public REIT seller and securing the buyer, PSC Fresno, LLC, an affiliate of Pratt Street Capital, LLC. 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 strategic location less than a mile from downtown Fresno. Led by Managing Director Brian Somoza, the JLL Capital Markets Investment Sales and Advisory team facilitated the transaction.

View on map

Loading...

Address1844 South Cherry Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want