Updated Mar 17, 2025
Related Cos. Acquires Self Storage Portfolio In Arizona, Colorado, Texas, Utah & Idaho For $266M
Texas, United States
$266,000,000
$204/SF
Building Size
1,300,000 SF
Asset Type
Self Storage
Closing
Jan 2, 2023
About this deal
AI
The Self Storage Portfolio, consisting of 9,600 units and spanning 1,300,000 square feet, has been sold in a transaction valued at $266,000,000. The portfolio is located in Arizona, Colorado, Texas, Utah, and Idaho.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $266,000,000
- Units: 9,600
- Square Footage: 1,300,000
- Market: Arizona, Colorado, Texas, Utah, Idaho
The buyer of the Self Storage Portfolio is Related Cos. The seller, on the other hand, is Wentworth Property Co. The transaction was facilitated by Tom Gustafson from Colliers.
The lender for this deal is Guardian Life Insurance Co. The mortgage brokers involved are John Smeck and Alix Hanna from Colliers, as well as Eastdil Secured.
On the Map
$266,000,000
$204/SF
Self Storage
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Players
Blanket Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93