Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Announces Sale of Morena Storage in Central San Diego

SAN DIEGO, Calif., July 22, 2020 – Cushman & Wakefield announced today the firm has completed the sale of Morena Storage located in central San Diego.

Morena StorageSituated in the core, Morena District, Morena Storage totals 108,700 rentable square feet and 1,640 units and was approximately 90% occupied at the time of sale. The store is located adjacent the intersection of Interstates 5 and 8 and is visible to over 300,000 cars per day.

The buyer was global real estate investment manager Invesco Real Estate, in partnership with Baranof Holdings, who plans to maintain the brand name Morena Storage. Greg Wells with Cushman & Wakefield’s Self Storage Advisory Group together with Bryce Aberg, Brant Aberg and Zachary Harman of the firm’s Industrial / Capital Markets Group handled the transaction on behalf of the seller, Sherman Street Ventures, the original developer of the property.

“The opportunity to acquire a stabilized, immaculately maintained self storage asset in such a dynamic, core part of San Diego is extremely rare,” said Greg Wells. "The fact we were able to close on a project given the current economic climate we face is a testament to the strength of the asset class, location and diligence and hard work of both buyer and seller."

“Morena Storage is a core, stabilized facility in an irreplaceable location,” said Steve Cobbs, Associate Director, Transactions at Invesco Real Estate. “It makes an excellent addition to Invesco’s growing self storage portfolio.”

The Cushman & Wakefield Self Storage Advisory Group is a full service real estate platform dedicated to the self storage asset class. The group offers investment advisory, valuation, consulting, feasibility and data services in all major markets in the U.S.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit or follow @CushWake External Link on Twitter.


Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All