facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Self Storage

/

Sale

/

970 Fellsway

Andrew R. Schlossberg Of Invesco Acquires Self Storage Facility In Medford From Jonathan G. Davis For $30.4M
SOLDSelf Storage

Andrew R. Schlossberg Of Invesco Acquires Self Storage Facility In Medford From Jonathan G. Davis For $30.4M

970 Fellsway

$30,400,000

Building Size

Asset Type

Self Storage

Closing

Feb 13, 2026

AI

The self-storage facility located at 970 Fellsway in Medford, MA, encompasses 4.45 acres and has been sold for $30,400,000. The asset has been retained operational by the seller while a redevelopment initiative is in progress on the remaining land.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $30,400,000
  • Buyer: Andrew R. Schlossberg - Invesco
  • Seller: Jonathan G. Davis - The Davis Companies
  • Date of Sale: 02/13/2026

Andrew R. Schlossberg represents Invesco in this transaction, while Jonathan G. Davis represents The Davis Companies. The sale of the self-storage facility allows The Davis Companies to focus on the ongoing development of The Clayborn residential project on the remaining site.

Players

Invesco
InvescoBuyer
The Davis Companies
The Davis CompaniesSeller

Medford Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93