LIBERAL, KS (October 26, 2023) – Franklin Street has arranged the sale of Liberal Storage Units, an 8.08-acre, 54-260-net-rentable-square-foot self-storage facility in Liberal, Kansas.
Franklin Street’s National Self-Storage Team of Frank DeSalvo and David Perlleshi arranged the sale on behalf of the seller, Chicago-based Liberal KS Self Storage, LLC. The buyer was KOSF III – Liberal, LLC.
Built in phases between 1983 and 2003, Liberal Storage Units features upgraded metal roofs and is fully remotely operated.
“Frank and David go beyond the call of duty as brokers to deliver exceptional results for their clients. Our experience with them in our most recent transaction showed that they are committed to getting each and every transaction across the finish line. Both sides of the transaction benefited from Frank and David’s involvement as their collaborative mindset eliminated any obstacles in the way of closing,” said Steven Wear, CMO and Director of Acquisitions of Self Storage Syndicated Equities.
Located at 1120 E 2nd St. and 364 E Park St., the facility is situated along the Oklahoma border in Southwest Kansas and is home to approximately 20,000 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.