An affiliate of Banner Real Estate Group has sold Hosford Self Storage, a 1,089-unit, class A self-storage facility in Portland, Ore.
Pegasus Group purchased the asset; the sales price was not disclosed.
Constructed in 2018 by the seller, Hosford Self Storage and comprises one four-story building with an attractive, modern design. The 87,597-square-foot facility features all climate-controlled units, 24-hour video surveillance, locker units, drive-in loading, elevator access to upper floors and a retail-oriented customer service office.
Situated on 1.29 acres at 685 SE Division Place, Hosford Self Storage is in Portland’s Hosford-Abernathy neighborhood, which has an urban-suburban feel with a mix of residential and commercial properties. The facility is visible to more than 59,000 vehicles per day from its location east of Grand Avenue, a high-traffic roadway. The property is surrounded by 210,000 residents within a three-mile radius, and there are 47 multi-ho
