MJ Partners Sells American Mini-Storage Portfolio In Southern California For $16,400,000 To Storage Etc.
MJ Partners Real Estate Services announces the $16,400,000 sale of the American Mini Storage (AMS) Portfolio to Los Feliz-based Storage Etc. The three-property AMS self storage portfolio, with locations in Rosemead, Diamond Bar, and Pomona, California, consists of 155,005 rentable square feet, 1,424 storage units and 72 RV/parking spaces.
“The single-story facilities allow for value-added improvements within densely-populated, infill trade areas,” states Marc Boorstein, principal with MJ Partners.
The AMS portfolio was family-owned and operated, and featured overall occupancy of approximately 80% at the time of sale. The properties will be rebranded as Storage Etc.
MJ Partners in conjunction with Kennedy Wilson’s Fred Cordova represented the seller and buyer in the transaction. For additional information, contact email@example.com or 312.726.5800.
About MJ Partners
MJ Partners is an investment brokerage and capital services company representing private investors and institutional owners nationwide in the acquisition, disposition, and financing of portfolios and new developments. MJ Partners has orchestrated over $2 billion in transactions since 1993. For more information, please visit: https://www.mjpartners.com/