AVAD Capital And Etude Capital Acquire Self Storage Facility In Odessa From Lone Star Storage Centers Ltd

A self-storage facility located at 4415 East 53rd Street in Odessa was sold, comprising 578 units within a total of 70,210 net rentable square feet. The facility is operated under the Lone Star Storage brand, featuring 389 non-climate-controlled units and 189 climate-controlled units.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 578
• Square Footage: 70,210
• Address: 4415 East 53rd Street
• Market: Odessa
• Buyer: AVAD Capital & Etude Capital
• Seller: Lone Star Storage Centers Ltd
• Brokers: Bill Bellomy, Michael Johnson, Logan Foster & Hugh Horne - Versal

The transaction was represented by the brokerage team from Versal, which facilitated the sale on behalf of the seller, Texas Lone Star Storage Centers Ltd. The buyer, a joint venture between AVAD Capital and Etude Capital, engaged in acquiring the facility to expand their investment portfolio in the self-storage market.