On September 1st, Storage Star completed the acquisition of three well-located self-storage facilities in Austin, increasing its portfolio to 27 total assets including eight located in fast-growing major Texas markets. Bellomy & Co. exclusively represented the sellers and received inquiries from more than 130 capital sources—both foreign and domestic.
The facilities will be named Storage Star – Mopac, Storage Star – Pond Springs and Storage Star – Ben White. Storage Star intends to invest in the projects to improve curb appeal, repair deferred maintenance and prepare the facilities for long-term hold.
“We are fortunate to add to our growing portfolio such well-located assets in the fast-growing, highly attractive Austin market,” said Matt Garibaldi, Storage Star president. “The selling team was a pleasure to work with, and Bill Bellomy and Michael Johnson provided great support as the seller representatives.”