The portfolio for American Self Storage, with facilities in Indiana, Kentucky and Ohio, recently sold for $39.5 million to Extra Space Storage Inc., a self-storage real estate investment trust.
The 15-property portfolio includes 8,910 storage units with 954,285 rentable square feet. 
This sale is a testament to the strength of an industry which is attracting public and private capital to self-storage assets located outside of primary markets, said Marc Boorstein, Principal with MJ Partners Self Storage Group. The public investment market is on track for over $1 billion in self-storage transactions in 2011.
The properties will be rebranded Extra Space Storage. MJ Partners in conjunction with A.M. Macy Co. represented both parties in the transaction.         Â
Headquartered in Salt Lake City, Extra Space owns or operates 820 self-storage properties in 34 states and Washington, D.C. The companys properties comprise approximately 550,000 units and more than 59 million square feet of rentable space.