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11/06/25
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An Extra Space Storage facility in the Bay Area city of Fremont traded hands for $18.775 mil. The 49.9k sf asset, located at 38491 Fremont Blvd, has 568 units.
The property is located in the heart of Fremont, which has been the beneficiary of strong economic drivers from local companies including Facebook and Tesla. Situated 1.5 miles from the city’s downtown and in close proximity to several other major lifestyle amenities, it also enjoys easy access to major transportation corridors, transit, and rail systems including Interstate 680, Interstate 880, Dumbarton Bridge, ACE, Amtrak, and BART.
Competitive property amenities include most units having drive-up access for easy loading and unloading for customers, controlled access gated entry, 24-hour closed circuit surveillance, and available moving supplies on site.
The firm of Levin Johnston represented the seller, a private real estate investor, and procured the buyer, an institutional self-storage developer, operator, and manager, in the transaction. The buyer has a portfolio of over 80 owned and operated self-storage properties throughout the country, with several located in the Bay Area. According to Adam Levin, Executive Managing Director of Levin Johnston, the seller, who had previously invested in multifamily, held this high-quality, cash-flowing self-storage asset, professionally managed by Extra Space Storage, for five years.
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