Dahn America360 Storage II DST, which is sponsored by self-storage operator Dahn America360 LLC, has purchased My Attic Self Storage in the Houston suburb of Tomball, Texas, for $11.2 million. The facility will be branded as Mini U Storage Tomball. It was purchased from The Milestone Cos., a commercial and residential development company.
The property at 11950 Spring Cypress Road comprises 82,854 rentable square feet of storage space in six buildings. Built in 2007, it contains 626 units, 400 of which are climate-controlled. The property offers truck rental as well as packing and moving supplies.
“This is a very competitive time in our industry,” said Bob Bradley, executive vice president in charge of acquisitions and development. “Self-storage is an attractive asset class, and we continue to pursue opportunities throughout the country. We are very active in the national marketplace and look forward to expanding the Mini U Storage brand in both current and new markets.”
Dahn recently acquired properties in Boynton Beach and Bradenton, Fla.; Crowley, Texas; and Vacaville, Calif.
John Arnold, Bill Bellomy and Michael Johnson of commercial real estate firm Bellomy & Co. represented both buyer and seller in the transaction. The company specializes in the self-storage industry and has offices in Austin, Houston and Lubbock, Texas.
Based in Irvine, Calif., Dahn America360 develops and manages self-storage real estate investments. A division of Dahn Corp., the company and its affiliates have acquired, developed or sponsored more than 6.5 million square feet of storage under the Mini U Storage brand name. It currently owns 33 facilities consisting of nearly 2.2 million square feet and 20,000 units.
- Rebusiness Online: Bellomy & Co. Brokers Sale of My Attic Self Storage in Metro Houston