A+ Self Storage, a 555-unit self-storage facility in Woodburn, has been sold for $9.5 million, courtesy of Marcus & Millichap a leading commercial real estate brokerage firm.
“Investors continue to compete for well-located self-storage facilities across the Pacific Northwest because the market fundamentals remain strong,” said Tasso Douglas, senior director investments. “We received multiple all-cash offers from both private equity groups and real estate investment trusts, demonstrating the broad appeal of this asset. The new owner plans to rebrand the facility following the acquisition.”
Douglas, investment specialist in Marcus & Millichap’s Palo Alto office, along with Brett Hatcher, Gabriel Coe and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, in association with David Tabata, Marcus & Millichap’s Oregon broker of record, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, a real estate investment trust…