Southern Self Storage is a 57,290-square-foot, multi-building facility on 4 acres. Northwest Self Storage is a 56,185-square-foot, multi-building facility on 3.5 acres.
Anne Williams of Marcus & Millichap’s Memphis office brokered the transaction for the buyer and the seller.
The Northwest and Southern Self Storage Partnership is comprised of representatives from Brentwood Investors Group–Memphis LLC, Hauco Investments II LLC, Tim II LLC and Superior Realty Investments II LLC. The partnership financed the purchase with a $2.1 million loan through Planters Bank Inc.
Source: The [Memphis] Daily News Online & Chandler Reports, Storage Portfolio Sells for $2.4 Million