Strategic Storage Trust Inc. purchased the SmartStop Self Storage facility at 815 Lasalle Ave. in Hampton, Va., from Quality Properties Asset Management Co. for $4.9 million. The two-story, 70,175-square-foot industrial building was built in 2007 and is in the Copeland Industrial submarket. It is a gated property with 645 storage units.
The complex is also neighbor to the world’s largest naval station, known as Norfolk Naval Base.
The seller was represented in the transaction by Kenneth Penrose of Cushman & Wakefield | Thalhimer. The buyer was self-represented.
Cushman & Wakefield is among the world's largest privately held commercial real estate services firms. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees.
Thalimer became a member of the Cushman & Wakefield Alliance in 2002. The company develops, manages and markets commercial properties throughout the mid-Atlantic.