Private Investor Acquires Self Storage On E Belt Line Rd, Cedar Hill

The sale involved Allsafe Self Storage, a 85,550-square-foot facility located at 611 E Belt Line Rd, Cedar Hill, TX. Constructed in 2000 and expanded in 2011, the property comprises 599 units. Kyle Newswanger of Colliers International represented the seller, a private developer and investor. The buyer, an out-of-state private investor, was secured by Newswanger as well.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Market: Cedar Hill
• Seller's Rep: Kyle Newswanger (Colliers International)
• Buyer: Private Investor
• Square Footage: 85,550 SF

The deal was facilitated by Kyle Newswanger of Colliers International, who not only represented the seller, a private developer and investor, but also brought in the buyer, an out-of-state private investor. The transaction involved the transfer of ownership of the Allsafe Self Storage property in Cedar Hill, Texas.