JLL Negotiates Sale of NJ Self Storage Facility

Posted by Poppy Behrens on Jul 30, 2015 12:00:00 AM

JLL Negotiates Sale of NJ Self Storage Facility

HOUSTON, July 28, 2015JLL’s National Self Storage Team is proud to announce the sale of NJ Self Storage, a 35,025-square-foot self storage facility located at 2341 Route 70 in Manchester, New Jersey.  Phoenix-based
U-Haul purchased the property. The property was sold through by LNR, the special servicer, on behalf of the owner GECCMC 2002-2 Route 70, LLC.

Managing Directors Steve Mellon and Brian Somoza led the JLL team on the transaction.

“The property was previously underperforming leaving tremendous upside potential for the new owner,” said Mellon.

The facility is comprised of six single-story buildings consisting of 96 climate controlled units, 225 non-climate controlled units and six uncovered RV/surface units. The facility features secured gates with electronic access control, surveillance cameras, drive-up units, surface parking and a customer service office that sells moving supplies.