Northwest Building LLC Acquires Property From Hammer Lane LLC For $25 Million In Stockton

The property involved in this transaction is Hammer Lane Self Storage, located at 6220 Sampson Rd, Stockton, CA, 95212. The asset was sold for $25,000,000, translating to $227 per rentable square foot and $39,960 per unit. The facility comprises a total of 109,800 square feet across 526 fixed storage units, alongside an additional 49,064 square feet of parking across 99 units.

Summary of transaction details:

• Property Type: Self-storage
• Transaction Amount: $25,000,000.00
• Buyer: Northwest Building LLC
• Seller: Hammer Lane LLC
• Buyer's Representative: Dana Chobor - Colliers International
• Size: 109,800 square feet
• Rentable Units: 526 fixed storage units
• Parking Units: 99 units

The transaction was facilitated by Tom de Jong and Dana Chobor of Colliers’ Self Storage Group, serving as representatives for both the buyer and the seller throughout the deal.