North American Properties traded its five-property self-storage portfolio in the Cincinnati area to Amsdell Cos. for $13.2 million or $44 per square foot. Built between 1908 and 1999, the facilities range from 4,984 to 128,594 square feet. The assets include 4700 – 4702 Wilmer Court in Cincinnati; 3951 Nine Mile Tobasco Road in Cincinnati; 9343 Princeton Glendale Road in Hamilton, OH; 10000 Sam Neace Drive in Florence, KY; and 2020 Northside Drive in Hebron, KY. Brett Hatcher and Matt Amos of Marcus & Millichap represented the seller. About Marcus & Millichap With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally. ]]>
More Content
Popular Posts
The self storage industry is in a precarious...
The REITs new pricing strategy – lowering...
There are an estimated 700,000 hotels in the...
In a booming economy, expendable income...
Boat and RV storage has morphed and...
The question of “abandonment” of stored...
Self-storage is not an industry that is...
National Storage Affiliates Trust (NSA), the...
Joe Shoen, CEO of U-Haul, has had enough.
It’s said that necessity is the mother of...
With the approval of both companies’...
It’s odd that I ever get the “last word,”...
Mother Nature can be a cruel mistress....
As children, most of us played “follow the...
Over the last five years, as the use of...
Recent Posts
Thousands of atoms can be contained in an...
Most storage facility owners want to expand...
"It was one of my first shifts as a new...
Joe Shoen, CEO of U-Haul, has had enough.
Fires in self-storage facilities can have a...
If you’ve read the story about our 2024...
Self-storage is a space that’s full of...