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151 Andover Street
SOLD

Public Storage Acquires Andover Street Self Storage In Peabody, MA For $19M

151 Andover Street

Self Storage
76,396 SF
clock iconSold 322 days ago
Nathan Coe
Thomas (Tom) Shihadeh
Gabriel Coe
+ 2
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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

Nathan Coe's profile picture
Nathan Coe
Marcus & Millichap-image
First Vice President Investments
$57M Sold
Gabriel Coe's profile picture

Details

Deal Summary
minus icon
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.

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Address151 Andover Street

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