Kurt O'Brien And Mike Sales Acquire Self Storage Facility In La Porte From Joshua Ungerecht

The property asset involved in the transaction is a self-storage facility located at 11220 West Main Street, La Porte, Texas. The asset consists of 511 units, with 37% of them being climate-controlled. In addition, the facility includes 79 boat or RV storage spaces. The property was built in the late 1990s.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 511
• Address: 11220 West Main Street
• Market: La Porte
• Buyer: Kurt O'Brien - MyPlace Self-Storage & Mike Sales - Nuveen Real Estate
• Seller: Joshua Ungerecht - ExchangeRight
• Brokers: Adam Roossien, Matthew Wheeler, Steve Mellon & Brian Somoza - JLL

The transaction was facilitated by JLL, who represented the seller, ExchangeRight, in the sale of the storage facility. The buyers, Kurt O'Brien and Mike Sales, collaborate with MyPlace Self-Storage and Nuveen Real Estate to acquire this asset, marking a strategic partnership in the self-storage market.