John Owens and Steve Gooch of KW Commercial Self Storage Advisors are pleased to announce the closing of the Franklin Self Storage portfolio in El Paso, TX. This Class A portfolio consisted of three (3) properties totaling 217,917 NRSF with 1,769 units.
KW Commercial represented the seller in the transaction and worked to procure the buyer, a California-based private equity group. This portfolio will be professionally managed by Extra Space Storage.
In addition to the self storage facilities, the buyer also acquired a 3.417 acre tract of land for future development. The properties were built from 2009 to 2015 in outstanding locations with great curb appeal and high traffic counts.
For more information, please emailJohn Owens or Steve Gooch at JOwens@CommercialBrokerageFirm.com or SGooch@CommercialBrokerageFirm.com. To learn more about KW Commercial Self Storage Advisors visit CommercialBrokerageFirm.com.