JLL Capital Markets said Thursday it had completed the sale of Newbury Self Storage, a 686-unit self-storage facility in Newbury, MA. The sale price was not disclosed.
JLL’s Capital Markets Self Storage team represented the private seller, Stowaway Storage Newbury, LLC. The team also procured the buyer, Andover Properties.
Newbury Self Storage consists of 12 single-story buildings completed in stages from 2016 to 2023. The property offers 111,000 rentable square feet, an onsite office, drive-up units and land for additional expansion.
The 49.35-acre site is located directly on Route 1/the Newburyport Turnpike, approximately 30 miles north of Boston in Newbury. Newbury Self Storage is the newest of the self-storage options in its trade area, according to JLL.
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