Baranof Holdings Acquires Self Storage Facility In Burlington, MA For $26.5M

The sale of a self-storage property located at 7 Wheeler Rd in Burlington, MA has been finalized. The transaction took place on 03/04/2022 and was carried out by Jumbo Capital Management, represented by Sam Weissman. The buyer, Baranof Holdings, acquired the property for a total sale price of $26,500,000. The asset spans approximately 118,000 square feet, resulting in a price per square foot of $224.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $26,500,000
• Address: 7 Wheeler Rd, Burlington, MA
• Date: 03/04/2022
• Market: Burlington, MA
• Seller: Jumbo Capital Management - Sam Weissman
• Buyer: Baranof Holdings
• Brokers: Aaron Swerdlin & Kenneth Cox - Newmark Houston
• SF: 118,000
• PPSF: $224

In this transaction, Jumbo Capital Management, with Sam Weissman as their representative, acted as the seller of the self-storage property. Baranof Holdings, as the buyer, successfully acquired the property for a significant amount of $26,500,000. The deal was facilitated by brokers Aaron Swerdlin and Kenneth Cox from Newmark Houston.