A joint venture between Harrison Street and Advantage Self Storage has sold a three-property self-storage portfolio totaling 1,743 units in the Dallas–Fort Worth area.
HPI paid an undisclosed sales price for the portfolio.
The facilities are located at 864 E. Belt Line Road in Cedar Hill, Texas; 8060 Precinct Line Road in Colleyville, Texas; and 6818 FM 2499 in Denton, Texas. Each property has excellent frontage along a prominent thoroughfare and is located in a dense and affluent trade area. In addition, the immediate area surrounding all three properties have seen a 47 percent increase in multifamily development and a nearly 20 percent increase in residential development since 2010, ensuring steady demand for self-storage space.
The portfolio totals 201,850 square feet across the three properties. Features at the class A, climate-controlled facilities include 24-hour video surveillance systems, security systems, electronic gate access, keypad entry and indiv
