Bethesda, MD-based ASB Capital Management purchased two recently built StorQuest Self Storage facilities in Denver, CO, for a combined $36.5 million, according to BusinessDen. ASB affiliate 4501 Washington LLC bought the facility at 4501 N. Washington St. from Santa Monica, CA-based The William Warren Group for $19.8 million. The 77,500-square-foot facility sits on 0.9 acres. ASB affiliate 549 Kalamath LLC bought the facility at 549 Kalamath St. for $16.65 million from 549 Kalamath SP LLC, which is tied to Washington, DC-based investment firm The Carlyle Group. The 63,000-square-foot facility sits on 0.7 acres. ASB’s real estate division manages over $7.7 billion in assets for more than 340 institutional clients. The William Warren Group, which owns the StorQuest brand, said the facilities will continue to operate under that name.
Brooklyn, NY-based self-storage investment firm Merit Hill Capital LP bought MidAmerica Self Storage in Edmond, OK, from an unidentified seller. The purchase price wasn’t disclosed. The facility, at 3900 S. Broadway, has 613 units in 68,427 net rentable square feet, with 70 spaces for vehicle parking. The facility occupies about 4.5 acres. Salt Lake City, UT-based REIT Extra Space Storage Inc. now operates the facility. Ryan Clark of Tampa, FL-based SkyView Advisors represented the seller.
An unidentified buyer purchased American Self Storage in Gainesville, FL, from an unidentified seller. The purchase price wasn’t disclosed. The facility, at 3728 N. Main St., features 462 units in 77,220 net rentable square feet. Ryan Clark of Tampa, FL-based SkyView Advisors represented the seller.