MyPlace Self Storage And Nuveen Acquire Self Storage Facility In La Porte From ExchangeRight

The transaction involves the sale of a self-storage facility located at 11220 West Main Street, La Porte, Texas. The asset consists of 511 units across 11 buildings, totaling 55,775 square feet and situated on 4.37 acres. The facility includes 37% climate-controlled units and features 79 boat/RV parking spaces.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 511
• Square Footage: 55,775
• Acres: 4.37
• Buyer: MyPlace Self Storage & Nuveen
• Seller: ExchangeRight
• Brokers: Adam Roossien, Matthew Wheeler, Steve Mellon & Brian Somoza - JLL

JLL Capital Markets facilitated the transaction, representing the sale of the Spencer Mini Storage facility. The partnership involves MyPlace Self Storage and Nuveen acquiring the property from ExchangeRight.