MINNEAPOLIS, MN, Oct. 7, 2024 - JLL Capital Markets announced today that it has completed the sale of a four-property self-storage portfolio totaling 3,345 units in the metropolitan areas of the Twin Cities, Minnesota, and Kansas City, Kansas.
JLL's Self Storage team represented the seller, NexPoint Storage Partners, in a competitive process that procured U-Haul as the ultimate the buyer of the entire portfolio.
The portfolio totals 327,791 square feet of net rentable square feet within modern, climate-controlled facilities. Overall, the portfolio is 88% leased.
All of the properties are located in densely populated, high income areas within two of the nation's top MSAs. Each property within the portfolio is situated within an affluent (average
household income of over $100,000) and densely populated (average population of over 117,000 people) three-mile trade area with good visibility and easy access.
Properties include: 101 American Blvd. W and 3216 Winnetka Ave N. in Minneapolis, Minnesota; 631 Transfer Rd. in St. Paul, Minnesota; and 500 Southwest Blvd. in Kansas City, Kansas.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
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Jones Lang LaSalle Inc. published this content on October 07, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 07, 2024 at 21:07:47.815.
