JLL Capital Markets completed the sale of Yellow Door Storage – Northgate, a 520-unit self-storage facility in the Greater Dallas Fort Worth-area community of Denton, Texas.
JLL marketed the property on behalf of the seller, NorthBridge Realty Holdings, and procured the buyer, Extra Space.
Completed in 2022, Yellow Door Storage – Northgate is a Class A facility featuring ground floor climate-controlled units, drive-up units, 24-hour video surveillance and an on-site office. The 65,600-square-foot property is currently 55.8% occupied.
Yellow Door Storage – Northgate is located at 3020 E Sherman Dr. in the rapidly growing community of Denton. The population within a one-mile radius of the facility has grown over 7.5% in the last two years and is projected to continue its upward trend, providing long-term stable demand for self-storage space. Denton is also home to the University of North Texas and Texas Woman’s University, which are additional demand drivers for the asset.
The JLL Capital Markets team representing the seller was led by Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.
