SOLD
Public Storage Acquires Andover Street Self Storage In Peabody, MA For $19M
151 Andover Street
Self Storage
76,396 SF
76,396 SF
Sold 297 days ago
Summary
Sale
MASSACHUSETTS
Self Storage
76,396 sqft
Public Storage has acquired Andover Street Self Storage in Peabody, Mass. for $19 million. The property is a 76,396-square-foot, Class A facility with 1,100 climate-controlled units. Located at 151 Andover Street, the self storage facility sits on 2.4 acres of land in the Peabody market.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $19,000,000
- Address: 151 Andover Street
- Market: Peabody, MA
- Units: 1,100
- Price per Unit (PPU): $17,273
- Square Footage (SF): 76,396
- Price per Square Foot (PPSF): $249
The deal was brokered by Nathan Coe, Brett Hatcher, Gabriel Coe, and Thomas Shihadeh from Marcus & Millichap, who represented both the buyer, Public Storage, and the seller, LCI Management.
Please note that this information is based on the closed transaction of Andover Street Self Storage in Peabody, Mass.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Nathan Coe, Thomas Shihadeh, Gabriel Co & Brett Hatcher
DATE: 07/12/2023
ADDRESS: 151 Andover Street
MARKET: Peabody, MA
ASSET TYPE: Self Storage ~ ACRES: 2.4
BUYER: Public Storage (@PublicStorage)
SELLER: LCI Management
BROKERS: Nathan Coe, Brett Hatcher, Gabriel Coe (@GabrielCoe18) & Thomas Shihadeh - Marcus & Millichap (@MarcusMillichapBoston)
SALE PRICE: $19,000,000
UNITS: 1,100 ~ PPU: $17,273
SF: 76,396 ~ PPSF: $249
NOTE: Public Storage acquired Andover Street Self Storage in Peabody, Mass. for $19 million. The property is a 76,396-square-foot, Class A facility with 1,100 climate-controlled units.View on map
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Address151 Andover Street
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