JLL’s Capital Markets experts today announced the firm has completed the sale of Access Self Storage located at 650 Bay Area Boulevard in Houston, Texas. Simply Self Storage purchased the property. In addition, JLL secured acquisition financing.
“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 Class A property opened in 2015 and is comprised of one three-story self storage building, with a total net rentable area of 94,475 square feet. Consisting of 800 climate controlled units and 39 non-climate controlled drive-up units, the facility features 24-hour video surveillance and an aesthetically appealing customer service office, designed for retail sales.
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 a sale, financing, reposition, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.