North American Properties traded its five-property self-storage portfolio in the Cincinnati area to Amsdell Cos. for $13.2 million or $44 per square foot. Built between 1908 and 1999, the facilities range from 4,984 to 128,594 square feet. The assets include 4700 – 4702 Wilmer Court in Cincinnati; 3951 Nine Mile Tobasco Road in Cincinnati; 9343 Princeton Glendale Road in Hamilton, OH; 10000 Sam Neace Drive in Florence, KY; and 2020 Northside Drive in Hebron, KY. Brett Hatcher and Matt Amos of Marcus & Millichap represented the seller. About Marcus & Millichap With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally. ]]>
N.A. Properties Divests Cincinnati Self-Storage Assets
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
There are an estimated 700,000 hotels in the...
In a booming economy, expendable income...
The REITs new pricing strategy – lowering...
National Storage Affiliates Trust (NSA), the...
Boat and RV storage has morphed and...
Self-storage is not an industry that is...
The question of “abandonment” of stored...
It’s said that necessity is the mother of...
Recent Posts
Fort Worth, Texas, is known as “Where The...
Mack walks into your front office and says...
Self-storage operators often face a common...
Steel is by far the most popular material...
Once upon a time, the self-storage industry...
Donald Trump has just reclaimed the White...
Within the sprawling urban desert of...
Smart units, call centers, and access...
