KKR Acquires Self Storage In Marietta, GA For $18.1M

The self storage property located at 1401 Powder Springs Rd SW in Marietta, GA has been sold in a transaction that closed on August 19, 2022. The property, spanning a total area of 73,300 square feet, was sold for a price of $18,100,000, resulting in a price per square foot of $247. The transaction involved the buyer, KKR, and the seller, StorMaster. The sale was facilitated by CBRE, acting as the broker in the deal.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $18,100,000
• Address: 1401 Powder Springs Rd SW, Marietta, GA
• Market: Marietta, GA
• Buyer: KKR
• Seller: StorMaster
• Broker: CBRE
• Square Footage: 73,300
• Price Per Square Foot: $247

The sale of the self storage property at 1401 Powder Springs Rd SW in Marietta, GA involved key players such as KKR as the buyer, StorMaster as the seller, and CBRE as the broker. This transaction highlights the strong demand in the self storage market and showcases the expertise of CBRE in facilitating successful deals.