Westport Properties Inc. (WPI), which operates 110 self storage facilities under the US Storage Centers brand, has acquired StorAmerica Self Storage in Harbor City, Calif., for nearly $5 million from National Storage Affiliates Trust, a Maryland real estate investment trust specializing in self storage. The 1.3-acre property at 1239 W. 253rd St. comprises 29,024 net rentable square feet in 333 units. Property amenities include a gated entrance with key-code access, wide drive aisles, vehicle parking and video cameras.
“This asset will be a great addition to Westport Properties portfolio. The property is strategically located within a highly populated area within the Los Angeles Harbor region with excellent demographics,” said Nick Walker, senior vice president of CBRE Group Inc., and the commercial real estate firm that brokered the transaction.
Founded in 1985 and based in Irvine, Calif., WPI is a real estate investment company that acquires, develops and operates self storage facilities as well as provides third-party management services. Its portfolio comprises more than 7.5 million rentable square feet in 13 states. It's affiliated with Westport Memphis Self Storage LLC.
CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, employs approximately 70,000 employees, excluding affiliates, and serves real estate investors, occupiers and owners through more than 400 offices worldwide. CBRE offers strategic advice and execution for appraisal and valuation; corporate services; development services; investment management; mortgage banking; property, facilities and project management; property sales and leasing; and research and consulting.