National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has purchased Steelcreek Self-Storage in Wichita, Kan. The 7.5-acre property at 1050 E. MacArthur Road has been branded under NSAT’s operating name, iStorage.
The facility is near Interstate 135, about six miles from Downtown Wichita. Constructed in 1977, it includes eight buildings comprising 93,300 net rentable square feet of storage in 409 drive-up, warehouse and parking units.
NSAT and the Dallas-based seller were represented in the transaction by Bill Bellomy and Michael Johnson, brokers for Bellomy & Co. With offices in Atlanta, Houston, and Austin, Texas, the real estate firm focuses on the sale of self-storage, industrial, office and retail properties nationwide.
Headquartered in Greenwood, Colo., NSAT is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States. The company has ownership interest in more than 550 storage facilities in 29 states. Its portfolio comprises approximately 34 million net rentable square feet.
Commercial Property Executive, National Storage Affiliates Acquires KS Facility