Franklin Street has arranged the sale of a two-property, value-add self-storage portfolio in Angola, IN, about an hour north of Fort Wayne. The portfolio comprises 109 units and 16,775 rentable square feet.
Senior directors David Perlleshi and Frank DeSalvo, who lead Franklin Street’s national self-storage investment sales practice, represented the seller, HZ Capital Partners, LLC. The buyer was NT Investments, LLC.
“This portfolio garnered significant demand for its strong value-add potential, including opportunities to increase occupancy, while bringing rental rates and other tenant fees up to meet the current market,” said Perlleshi. “We are pleased to have brought the right buyer to the table, ensuring another successful transaction on behalf of our client.”