Davis Bass Of HPI Real Estate Services & Investments Acquires Self Storage Facility In Saint Johns For $15M

The property asset involved in the transaction is a self-storage facility located at 150 Pine Chase Way in the Saint Johns market. The asset encompasses 4.42 acres and comprises 832 units totaling 110,418 square feet. The sale was finalized for a total price of $15,000,000, resulting in a price per unit of $18,029 and a price per square foot of $136.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $15,000,000
• Units: 832
• Square Footage: 110,418
• Price Per Unit: $18,029
• Price Per Square Foot: $136
• Buyer: Davis Bass - HPI Real Estate Services & Investments
• Seller: James Lockhart - Lockhart Management Group
• Date of Transaction: 09/08/2025

Davis Bass, representing HPI Real Estate Services & Investments, acquired the facility from James Lockhart, who represented Lockhart Management Group. The facility is identified as a newly built Extra Space Storage facility, completed in August before the transaction date.