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
Medford Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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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