HKD Investments of Austin has sold the 91%-leased Hill CountryClimatized Storage at 15616 Stewart Rd. to Equity Based ServicesInc. Mark A. Villanueva and Don Clements, self-storage investmentassociates for Marcus & Millichap Real Estate InvestmentServices in Austin and Houston, respectively, represented buyer andseller. The holding had been part of a three-propertyportfolio.

"We were quietly marketing the entire portfolio when the buyercame to us," Villanueva tells GlobeSt.com. "The buyer was takingadvantage of a very hot market for storage." He says the facilityattracted a good offer from the buyer because of its location in ahigh-traffic area with high-end demographics. "It was also one ofthe nicest facilities on the market," he adds. "Great demos, greatgrowth and high rent drove the price."

The new owner has renamed the facility to Hill Country SelfStorage. It was built in 2004 on 3.6 acres.