N.A. Properties Divests Cincinnati Self-Storage Assets

North American Properties traded its five-property self-storage portfolio in the Cincinnati area to Amsdell Cos. for $13.2 million or $44 per square foot. Built between 1908 and 1999, the facilities range from 4,984 to 128,594 square feet. The assets include 4700 – 4702 Wilmer Court in Cincinnati; 3951 Nine Mile Tobasco Road in Cincinnati; 9343 Princeton Glendale Road in Hamilton, OH; 10000 Sam Neace Drive in Florence, KY; and 2020 Northside Drive in Hebron, KY. Brett Hatcher and Matt Amos of Marcus & Millichap represented the seller. About Marcus & Millichap With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.  ]]>