JASPER, AL (October 27, 2023) – Franklin Street has arranged the sale of Jasper Storage, an 11,075-net-rentable-square-foot value-add self-storage facility in Jasper, Alabama.
Franklin Street’s National Self-Storage Team of Frank DeSalvo and David Perlleshi arranged the transaction on behalf of the seller, H2Z LLC, with the buyer being private investors.
“This marks our team’s second successful closing in Jasper, Alabama, underscoring a value-add opportunity that we are proud to have seen through to completion,” said DeSalvo and Perlleshi.
Jasper Storage, situated on 0.66 acres, features modern security camera installations, drainage culverts, door repairs and replacements, as well as a comprehensive renovation of the warehouse building.
Conveniently located at 109 S Pine Drive, the facility is approximately 30 miles northwest of Birmingham and serves a community of approximately 14,338 residents.
About Franklin Street:
Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more about Franklin Street at FranklinSt.com.
