Wasatch Storage Partners, managed by CubeSmart, has acquired Park 79 Self Storage, a 780-unit, CubeSmart-branded self-storage facility in the growing north Austin-area community of Hutto, Texas.
The financial terms were not disclosed; however, the seller was Park 79 Storage.
Completed in 2019, the two-building Park 79 Self Storage consists of one two-story building with interior climate-controlled units and ground-level drive-up units and one single-story building with drive-up units. Additionally, the facility has electronic access, secure fencing, 24-hour surveillance, elevator access to the upper floor and a retail-oriented customer service office.
The facility is situated at 3.18 acres at 244 Benelli Dr. in Hutto, a northern suburb approximately 28 miles from downtown Austin. With more than 400 feet of frontage and prominent signage along E. Palm
Valley Boulevard (Highway 79), Park 79 Self Storage is visible to approximately 35,000 vehicles per day.
