April 26, 2017
CBRE Group, Inc. completed the sale of a portfolio of 15 Trojan Self Storage facilities in three western states, California, Arizona and Colorado, as well as properties in Minnesota and Ohio, to Chicago-based Harrison Street Real Estate Capital LLC. The portfolio encompassed 1.4 million square feet and roughly 10,900 units.
The transaction includes 10 properties in the California markets of Rancho Cucamonga, Ontario, Colton, Sun Valley, Oxnard, Roseville, Sacramento, Rocklin and Elk Grove. It also includes two Colorado Springs assets, two Minnesota assets, one Cleveland asset, and one in Surprise, AZ.
CBRE’s Nicholas Walker led a team that represented the seller and procured the buyer. The transaction price was undisclosed.
“This was a rare opportunity to acquire a high quality portfolio located in strong markets across multiple states,” Walker said.
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