Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Pegasus Group Picks Up 1,089-Unit Self-Storage Facility in Portland

2/17/21

Pegasus Group purchased Hosford Self Storage, a 1,089-unit, Class A self-storage facility in Portland, OR. It was sold by an affiliate of Banner Real Estate Group. The property will be managed by Central Self-Storage®.

Constructed in 2018 by the seller, Hosford Self Storage is situated on 1.29 acres at 685 SE Division Pl. The property comprises one four-story building with an attractive, modern design. The 87.6k sf facility features all climate-controlled units, 24-hour video surveillance, locker units, drive-in loading, elevator access to upper floors and a retail-oriented customer service office.

Hosford Self Storage is in Portland’s Hosford-Abernathy neighborhood, which has an urban-suburban feel with a mix of residential and commercial properties. The facility is visible to more than 59,000 vehicles per day from its location just east of Grand Ave, a high-traffic roadway. The property is surrounded by 210,000 residents within a three-mile radius, and there are 47 multi-housing projects either proposed or currently under construction in the area, which is expected to grow an annual rate of 1.96% over the next five years.

Brian Somoza, Steve Mellon and Ira Virden with JLL Capital Markets represented the seller in the deal.

“There is strong demand for self storage in the property’s submarket, as demonstrated by the facility quickly achieving a physical occupancy of 80 percent in just over two years of operations,” Mellon said. “Hosford Self Storage is 100% climate controlled, which is a unique competitive advantage, as most other properties in this submarket do not offer this feature.”






Return to the Archive page


 
 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media