8/25/2008

CBRE brokers sale of Virginia self-storage properties for $14M

by Michael Wayne
CB Richard Ellis has arranged the sale of two self-storage facilities totaling 1,438 units in Norwalk and Virginia Beach, Va., for $14 million.

The seller, Burnette Development, was represented in by Michael Howard, Steve Hryszko and Hal Yuill of CBRE's Norwalk office. The two Class A properties contain a combined 170,000 square feet and sold for $82.35 per square foot.

Size: 1,438 units/170,000 square feet

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Filed Under: Self-Storage

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