Bedford, NH, March 03, 2016 --(PR.com
)-- The NAI Norwood Group announced today the successful completion of a 5-property sale to National Storage Affiliates Trust (NSA). The assets were acquired by NSA from multiple entities under the Granite Clover Self Storage trademark.
The transaction was valued at approximately $28.8 million and consists of approximately 235,000 rentable square feet with approximately 1,900 self storage units. This sale is the largest all-New Hampshire self storage portfolio sold in Southern New Hampshire in the last twenty years. The 5-property portfolio is located in the cities of Amherst, Nashua, Londonderry, Derry and Pembroke, New Hampshire.
Joseph Mendola, Senior Vice-President of NAI Norwood Group, who represents the Argus Self-Storage Sales Network in Northern New England, represented the seller in this transaction and assisted the buyer. Mendola also represented the same seller in the disposition of their Dover, Bow, Somersworth, and Wakefield properties to Optivest Properties, Inc in 2009. Optivest is a NSA Participating Regional Operator.
NAI Norwood Group has been in business for 45 years. It is a full service commercial real estate brokerage company covering Northern New England. Mr. Mendola is the Argus Self storage Sales Network representative covering Northern New England. Mendola has specialized in the brokerage of self storage for the last 20 years. He can be reached at 603-668-7000 for more information on this transaction.
Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) completed over $300 million in self storage transactions in 23 states since the beginning of 2015. Founded in 1994, Argus has assembled a network of real estate brokers who are uniquely experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.