The 77,760-square-foot Affordable Self Storage facility in Norwalk, CT was sold recently for $19 million, or $242 per square foot.
Malvern, PA-based CubeSmart purchased the facility from sellers Paul and John Hertz.
The facility, which was built in 1989 and sits on 3.9 acres, features a total of 879 units. More than half are climate-controlled. Norwalk is located about 35 miles from New York City limits.
The sellers were represented by Brett Hatcher, Joseph Holloway and J.D. Parker of Marcus &n Millichap.