JLL Brokers Montreal Self-Storage Portfolio Sale
- Nov 23, 2017
Montreal Mini-Storage Group has purchased a two-property, class A self-storage portfolio Montreal, Canada, totaling approximately 169,000 rentable square feet, from Dalfen American Corp. JLL’s Capital Markets experts have brokered the sale of the facilities.
Converted to self-storage in 2006, the facility located at 8925 St. Laurent Blvd., is in a densely populated region, with more than 546,500 people within five kilometers of the property. The second asset, transformed to a self-storage facility in phases during 2006 and 2007, is situated at 2707 Dollard Ave. and exposed to 20,000-plus cars per day. The two properties comprise more than 1,300 climate-controlled units and feature office-suites, warehouse spaces, electronic access control, 24-hour video surveillance, retail-oriented customer service offices and temperature-controlled loading docks.
“Strong surrounding demographics, quality construction and busy retail locations made this an attractive offering and should result in a solid investment for Montreal Mini-Storage Group,” said Steve Mellon, managing director at JLL, in prepared remarks.
Managing Directors Steve Mellon, Brian Somoza and Robert MacDougall led the JLL team on the transaction. Recently, JLL Captial Markets also completed the sale-leaseback of a 133,480-square-foot industrial distribution facility in Houston.
Image courtesy of JLL