Northwest and Southern Self Storage Partnership Buys Memphis Portfolio

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The Northwest and Southern Self Storage Partnership bought two Memphis, Tenn.-area self-storage facilities from 4Guys LLC for $2.4 million. The portfolio, developed by 4Guys in the 1990s, includes Southern Self Storage in the Oakhaven/Parkway Village area and Northwest Self Storage in Frayser.
 
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
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