LOS ANGELES-A-American Self-Storage has sold a portfolio of self-storage properties totaling approximately 2.8 million square feet for $163.4 million. The self-storage properties, which comprise 42 facilities with a total of 24,917 units, are located in California, Hawaii and Illinois.
The self-storage portfolio was purchased by a non-traded REIT subsidiary of W.P. Carey & Co. LLC, Corporate Property Associates 17-Global Inc. Marcus & Millichap Real Estate Investment Services' National Self-Storage Group orchestrated the deal on behalf of the seller. For the full story, go to Commercial Property Executive .
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