Extra Space Storage LLC, a real estate investment trust, purchased two self-storage facilities from American Storage Properties for an undisclosed price. The Self Storage Zone facilities, in Capitol Heights, Md., and Arlington, Va., contain a total of 152,895 net rentable square feet with 1,508 storage units, 1,212 of which are climate controlled.
Steve Hryszko, vice president for the CB Richard Ellis Self Storage Advisory Group (SSAG), represented the seller. SSAG specializes in the acquisition, disposition and financing of self-storage facilities nationwide.
Headquartered in Salt Lake City, Extra Space owns or operates 809 self-storage properties in 34 states and Washington, D.C. The companys properties comprise approximately 540,000 units and more than 58 million square feet of rentable space.