MJ Partners Self Storage Group announces the final closing of a three-phase sale of a 15-property self storage portfolio, totaling $64,675,000. Costa Mesa, California-based The William Warren Group will rebrand all properties as StorQuest Self Storage.
The portfolio consists of 861,367 rentable square feet with 6,800 storage units, with locations in Colorado, California, Texas, and Arizona. The portfolio featured overall occupancy of 85%.
Marc Boorstein and Jeff Jacobson of MJ Partners, in conjunction with Watson Self Storage, represented the buyer and the seller, a family-office based in Woodland Hills, California.
The three-phase closing accommodated a like-kind property exchange under IRC section 1031 tax-deferred exchange.
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About MJ Partners
MJ Partners is a team of sophisticated professionals averaging over 20 years of real estate experience in each facet of the commercial real estate industry. Our broad range of expertise allows for firm-wide responsiveness and synergy leading to focused, customized solutions for each client. We pride ourselves on making each client our most important assignment, and we hold ourselves accountable to the highest standards of result-driven quality. For more information, please visit: https://mjpartners.com]]>