Ares Capital Acquires Self Storage Facility At 25 Beechwood Drive For $11.5M

The property asset involved in the transaction is a self-storage facility located at 25 Beechwood Drive, North Andover, MA. The sale price of the asset was $11,500,000, covering a total area of 67,195 square feet, which breaks down to a price per square foot of $171.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $11,500,000
• Square Footage: 67,195
• Price Per Square Foot: $171
• Buyer: Ares Capital
• Seller: GFI Partners
• Brokers: Harrison Cohen, Jacob Becher, Dan Haddock & Nate Fliflet - Colliers

The transaction was facilitated by a team of brokers from Colliers, including Harrison Cohen, Jacob Becher, Dan Haddock, and Nate Fliflet, who played key roles in representing the interests of their respective clients in this deal.