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JLL Sells Two Self-Storage Facilities in Houston

HOUSTON – JLL announced the sale of two self-storage facilities in Houston.

Access Self Storage, located at 650 Bay Area Boulevard in Houston was purchased by Simply Self Storage .

JLL Managing Directors Steve Mellon and Brian Somoza led the JLL team on the sale, while Vice President Griffin Guthneck led financing efforts.

“With best in class design and state-of-the-art construction, this facility leads the market in overall quality, providing investors with the highest quality self-storage space available in its market,” said Somoza. “Additionally, the property is positioned in a populous area with above average household incomes and benefits from excellent visibility along the retail-oriented Bay Area Boulevard.”

The three-story facility opened in 2015 and contains  94,475 SF. Consisting of 800 climate controlled units and 39 non-climate controlled drive-up units, the facility features 24-hour video surveillance.

In another transaction handled by JLL’s Mellon and Somoza, Westport Properties, an Irvine, Calif.-based self-storage group, purchased the 44,600-SF Texas Self Storage facility near Hobby Airport in Houston.

The seller, Airport Boulevard Partners, was represented by JLL. The property consists of 30 climate-controlled units, 453 non-climate controlled units and 35 covered parking units. Some 15,000 apartment units are located within a three-mile radius.

July 1, 2016

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