Marcus & Millichap arranged the sale of a seven-property, 2,903-unit self-storage portfolio in Colorado.

The purchase price was $19.5 million.

The properties include: Airport Self-Storage, in Aurora, 514 units; Altura Self-Storage, in Aurora, 290 units; South Broadway Self-Storage, in Littleton, 365 units; South Federal Self-Storage, in Englewood, 372 units; Lakewood Self-Storage, in Denver, 452 units; Nook & Cranny Self-Storage, in Colorado Springs, 513 units; and Avon Self-Storage, in Avon, 397 units.

Bulgroup Properties LLC sold the properties to U-Store-It, a national REIT listed on the NYSE.

The facilities were built between 1977 and 1989 and have a total of 317,394 rentable square feet. The facilities were 84 percent occupied at the time of sale.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Don’t miss out! Inman Connect Las Vegas is this week and you can catch all the excitement with a virtual ticket.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription