Bellomy & Co. Completes Sale of Dallas Storage Facility

The firm represented the seller, Platinum Storage Group, and procured the buyer. The facility comprises a total of 1,111 units.

CubeSmart, Dallas
CubeSmart, Dallas

Platinum Storage Group has traded a CubeSmart-branded, 100,239-net-rentable-square-foot self-storage facility in Dallas. Bellomy & Co. represented the seller and procured the buyer. The facility will continue to run under the CubeSmart brand.

The 1,111-unit, Class A self-storage building was opened in March 2017 and occupies 2.2 acres at 5505 Maple Ave., near the Dallas North Tollway and Interstate 35E. Located approximately 15 minutes from downtown Dallas, the asset is in a densely populated area, with a $66,884 median household income. The storage features climate- and non-climate-controlled units, ranging from 40 to 300 square feet. Additional characteristics of the facility include a gate, drive-up access and security camera.

Bellomy & Co.’s brokerage team included Bill Bellomy, Michael Johnson and John Arnold.

Image courtesy of Bellomy & Co.