Baranof Holdings Acquires Self Storage Property In Stoneham, MA For $27.5M

The self storage facility located at 54 Montvale Avenue in Stoneham, MA has been sold for a price of $27,500,000. The property spans approximately 89,000 square feet, resulting in a price per square foot of $309. The transaction was completed on October 29, 2021, and the buyer is Baranof Holdings.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $27,500,000
• Address: 54 Montvale Avenue, Stoneham, MA
• Market: Stoneham, MA
• Square Footage: 89,000
• Price per Square Foot: $309

The seller of the self storage facility was Jumbo Capital, represented by Sam Weissman. The seller's representative in the deal was Newmark Houston.

Please note that more information about this transaction can be found in the following link:

Link to more information