"This facility was an ideal investment for us," says NormanFeinsein, executive managing director of the Morristown-basedHampshire Cos. "The building's area demographics and additionaldevelopment opportunities makes this an excellent addition to ourportfolio."

This marks the second time in a month that the asset has been"sold." As reported by GlobeSt.com in May, seller Tuck Away MiniStorage, locally based, had a deal on the table to sell the propertyto the New York City-based Post Storage Management LLC. That dealnever cleared, paving the way for Hampshire's acquisition of theproperty.

Hampshire represented itself in the latest transaction, andbrokers from the Sperry Van Ness National Self Storage Teamrepresented the seller. The sale price was not released, but theprevious deal with Post Storage had been revealed with a sale priceof $8.5 million.