JLL Capital Markets led the sales efforts for the 1,085-unit Cherry Ave Self Storage in Fresno, California

                Cherry Ave Self Storage, a 1,085-unit 

                self-storage facility  located on

                5.74 acres at 1844 Sourh Cherry 

                 Avenue in Fresno, CA

        

                                   

 

SAN FRANCISCO, CA – JLL Capital Markets has completed the $8.2 million sale of Cherry Ave Self Storage, a 1,085-unit self-storage facility in Fresno, California.

 

JLL represented the public REIT seller and procured the buyer, PSC Fresno, LLC, an affiliate of Pratt Street Capital, LLC.

 

Cherry Ave Self Storage is located on 5.74 acres at 1844 S Cherry Ave., less than one mile south of downtown Fresno. The property has excellent visibility from State Route 41 with more than 91,000 vehicles traveling the roadway per day.

 

 In addition, the facility is located within an underserved market for self-storage with only three feet of storage space per person within a three-mile radius.

                                       Brian Somoza

 

Originally built in 1918 and expanded in 2022, Cherry Ave Self Storage consists of a three-story building and 12 one-story buildings. The facility features drive-up units, freight elevators and boat and RV parking. There is also a newly renovated office totaling 262 square feet.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Brian Somoza.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         

 

CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

 

prattstreetcapital.com.

 

 

 

 

 prattstreetcapital.com.