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Cushman & Wakefield Brokers Sale of Oklahoma Self Storage Facility
The nine-building asset in Tulsa offers 266 units totaling 57,000 square feet. Feb192021
Image courtesy of Cushman & Wakefield
Cushman & Wakefield has arranged the sale of Tulsa Hills Storage, a 266-unit self storage property located in Tulsa, Okla. The brokerage represented the seller and the buyer, which are private investors.
Built in two phases between 2018 and 2019, the 57,000-square-foot facility includes 71 climate-controlled units, 176 non-climate-controlled units and 19 parking spaces. The units have drive-up access, electronic gate access, a fully-fenced perimeter and 24-hour video surveillance.
According to Yardi Matrix, the nine-building asset was developed with two Mabrey Bank loans, which total $7.5 million. In December of last year, Tulsa Hills became subject to a $5 million loan originated by a private lender.
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GUTHRIE A real estate investment trust has bought Always Storage, an 801-unit self-storage property in Guthrie, paying $4,725,000, county records show.
The buyer was NSA Property Holdings LLC, an affiliate of National Storage Affiliates Trust in Greenwood, Colorado. Always Storage is at 3819 S Division St. with an annex at 724 E Prairie Grove Road.
The sale was handled by brokers Trey Hammond, Mike Mele and Luke Elliott with Cushman & Wakefield, representing the seller, Always Storage LLC. Cushman & Wakefield said it could not report the buyer or the price paid.