Equity Based Services Inc., a private real estate investment and management firm announced today that it has acquired a two-property Storage One portfolio in Las Vegas and Henderson, Nev., for $12 million.

EBS said it has terminated the management and licensing agreement with Storage One and will re-brand these two properties as American Mini Storage properties.

The Storage One portfolio consists of two properties. The first property is located at 4851 East Bonanza Road in Las Vegas, and consists of 58,125 net rentable square feet of storage space. This includes 543 storage units and 149 covered RV parking spaces.

The second property is located at 733 South Racetrack Road in Henderson, Nev., and offers
60,675 net rentable square feet comprised of 453 storage units and 49 RV parking spaces.

The acquisition adds a total of 118,800 net rentable square feet to the EBS portfolio, bringing EBS’ holdings in the southern Nevada market up to six properties totaling 378,600 net rentable square feet and 3,255 total storage units, the company said.

EBS said it now has total holdings of 50 self storage properties in nine states with a total of 3.15 million net rentable square feet and 25,252 total storage units with a current market value exceeding $2 million.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


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
Success!
Thank you for subscribing to Morning Headlines.
Back to top