Ares Management Acquires Self Storage Facility In Kendall For $20M

A two-story, 100,588-square-foot self-storage facility located at 19301 West Dixie Highway in Kendall, Miami has been sold for $20 million. The property was completed in 2019 and is currently leased to Storage King. The buyers of this self-storage facility are Michael Aroughet and Antony Ressler from Ares Management, a Los Angeles-based company. The sellers are an affiliate of Snapbox Self Storage.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $20,000,000
• Square Footage: 100,588
• Address: 19301 West Dixie Highway
• Market: Kendall, Miami

Ares Management, represented by Michael Aroughet and Antony Ressler, acquired this self-storage facility for $20 million. Snapbox Self Storage, who acquired the property for $18 million in 2021, sold it to Ares Management. Storage King is the current tenant of this facility.