JLL Capital Markets announced today that it has completed the sale of a three-property self-storage portfolio totaling 80,216 rentable square feet in Arlington, Texas.
JLL represented the seller, a publicly traded storage REIT, in the sale of the properties to BreakChain Capital Investments, LLC.
The three properties are located at 3016 S. Cooper St, 2331 S. Collins St. and 2306 N. Collins St. in the Dallas Fort Worth Metroplex, which ranks as the fourth largest metro area in the country with 8.3 million residents. Furthermore, the assets benefit from their location in Arlington, whose population is anticipated to grow more than three times the national average in the next five years. All of the properties are easily accessible from two of the area’s main freeways, I-20 and I-30, and are located in busy commercial corridors of Arlington.
The facilities were built in the late 1970’s and are located within a short drive from one another, providing significant operational efficiencies and a strong foothold within the Arlington self-storage submarket.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Steve Mellon and Brian Somoza and Senior Directors Adam Roossien and Matthew Wheeler.
