Rockville, Maryland, self-storage facility trades hands
United States, Aug. 5 -- JLL Capital Markets announced that it has arranged the sale of Rockville Self Storage, a Class A self-storage facility in Rockville, Maryland.JLL Capital Markets' National Self Storage team represented the developer and seller, Washington Property Company, and procured the buyer, an Ares Real Estate fund ("Ares"). SecureSpace Self Storage - Ares Real Estate's vertically integrated self-storage platform in the U.S. - will operate the property.The property consists of two adjacent assets built in 2016 and 2020 that together offer 127,000 rentable square feet across 1,454 units. Features at the 93%-leased multi-story facility include gated-access, 24-video surveillance and climate-controlled interior and drive-up units...
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