Lockaway Self Storage, which operates 35 self-storage facilities throughout California and Texas, recently purchased Michener Self Storage in Austin, Texas. The 964-unit, 107,565-square-foot facility sits on 17 acres between I-35 and SH130 in Northeast Austin. It offers climate control and a wide variety of outdoor open and covered parking spaces.
Lockaway and the undisclosed Austin-based seller were represented in the transaction by Bill Bellomy, Michael Johnson and John Owens of Bellomy & Co., formerly The Southern Storage Group. Bellomy & Co. is a commercial real estate investment services firm headquartered in Austin, Texas. With an additional office in Lubbock, Texas, the company focuses on the sale of self-storage, industrial, office and retail properties nationwide.
Lockaway Self Storage is based in San Diego. It will rebrand the Michener site under its operating name.