KKR has sold two self storage properties in Austin Texas, totaling 1,591 units. CBRE represented the seller in both transactions.
Baranof Holdings acquired a 100,417-rentable-square-foot property. The asset, managed by CubeSmart, last changed hands in 2021, when KKR bought the facility from The Rosewood Corp., Yardi Matrix data shows.
Extra Space Storage has acquired a 52,203-rentable-square-foot facility. The asset, under Public Storage management, previously traded in 2021, when KKR purchased the property from Capella Capital Partners, according to the same data provider.
Extra Space Storage owns 18 self storage properties in Austin, totaling approximately 1.5 million square feet, Yardi Matrix research shows. In the second half of 2022, the company bought a 92,288-square-foot facility in Austin from Endeavor Real Estate Group.
Storage space close to downtown Austin
Situated on 1.9 acres, the Class A CubeSmart Self Storage property includes two four-story buildings. The facility was completed in 2017 and encompasses 1,041 climate-controlled units, ranging from 20 to 300 square feet. On-site amenities include gated access, 24-hour video surveillance and contactless renting.
The property is located at 5656 N. Interstate 35, 5 miles northeast from downtown Austin. The facility is one of the 18 available within a 3-mile radius, offering residents 8 rentable square feet of self storage space per capita.
The Class A Public Storage property was completed in 2018. The three-story building encompasses 550 non-climate and climate-controlled units, ranging from 25 to 300 square feet. On-site amenities include gated entrance with key code access, 24-hour video surveillance, truck rentals and drive-up access.
The facility is located at 2401 E. Ben White Blvd., 5.8 miles from downtown Austin with immediate access to Highway 71 and connection to Interstate 35. The property is one of the 30 available within a 3-mile radius, offering residents 12.5 rentable square feet of self storage space per capita.
