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| SurePoint Self Storage consists of two new facilities totaling 1,692 units in suburban Kansas City, KS |
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| Steve Mellon |
HOUSTON,
TX– JLL Capital
Markets announced it has closed the sale
of a self-storage portfolio consisting of two
new facilities totaling 1,692 units in suburban Kansas City, Kansas.
JLL
marketed the properties on behalf of the seller,
SurePoint Self Storage. StorageMart purchased the facilities.
The
portfolio comprises the 908-unit facility at 12020 Glenwood St. in Overland
Park and the 784-unit facility at 15282 W 134th Pl. in Olathe.
Both properties
were recently completed 2020 and built with modern design and market-leading,
Class A features.
They include electronic access control, 24-hour video
surveillance, climate-controlled and drive-up units, elevator access to upper
floors and a retail-oriented customer service office that sells packing and
shipping supplies.
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| Brian Somoza |
Both suburban Kansas City properties have excellent exposure
to high traffic commercial roadways and a surrounding population that exceeds
85,000 residents within a three-mile radius of each property.
The
JLL Capital Markets team was led by Managing Directors Steve
Mellon and Brian Somoza along with Senior Associate Henry Weiler and Vice
President Adam Fischer.
“These
two self-storage properties are in small municipalities with a tightly
controlled development approval process for new self-storage development, which
means there will be limited competition entering the market,” Mellon
said.
“The properties are institutional-quality assets in locations near
several major traffic draws.”
 |
| Henry Weiler |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
About
SurePoint Self Storage
Robert
Loeb, Brian Cisarik and Jeff Bailey are the principals of SurePoint Self
Storage. Cisarik and Loeb started developing storage together in 2000.
In 2012 Jeff Bailey, who has been active in self-storage since 1994, joined the team to help expand the SurePoint footprint.
Since 2014, the SurePoint team has developed three properties in San Antonio, five in Houston (with a sixth currently under construction) and these two Kansas City properties, all state-of-the-art, multi-story Class A+ properties.
Currently SurePoint operates five facilities in San Antonio and three in the Houston market.
Find out more at surepointselfstorage.com.
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| Adam Fischer |
In 2012 Jeff Bailey, who has been active in self-storage since 1994, joined the team to help expand the SurePoint footprint.
Since 2014, the SurePoint team has developed three properties in San Antonio, five in Houston (with a sixth currently under construction) and these two Kansas City properties, all state-of-the-art, multi-story Class A+ properties.
Currently SurePoint operates five facilities in San Antonio and three in the Houston market.
Find out more at surepointselfstorage.com.
CONTACT:
Kimberly
Steele
JLL
Senior Associate
Public Relations
Phone: +1 713 852 3420
Well, this is missing the most important point, what was the selling price??
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