A two-property U-Stor-It Self Storage portfolio in Mobile, Ala., was sold. Located within 3 miles of one another, the facilities total 80,800 net rentable square feet of space in 526 drive-up units. The buyer and the seller, an out-of-state investor, were represented in the transaction by Nick Walker, executive vice president and managing member of the Self Storage Advisory Group for CBRE Group.
About CBRE Group
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.