Morningstar Properties Acquires Self Storage Property In Henderson, Nevada For $19.5M

The self-storage property located at 1650 W. Horizon Ridge Parkway in Henderson, Nevada has been sold for a price of $19,500,000. The asset comprises approximately 4 acres of land and spans 102,699 square feet. The transaction took place on 12/13/2022.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $19,500,000
• Address: 1650 W. Horizon Ridge Parkway
• Market: Henderson, Nevada
• ACRES: 4

The buyer of the property was Morningstar Properties, while HPI Real Estate acted as the seller. The sale was facilitated by brokers Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne from Versal. First-Citizens Bank & Trust Co. provided the financing for the transaction. The property consists of 1,263 units with an average price per unit of $15,439. The price per square foot for the property is $190.