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Cushman & Wakefield Announces Sale of Battle Ground Washington Self-Storage Property

12/17/2020
BATTLE GROUND, Wash., December 17, 2020 – Cushman & Wakefield announced today the firm has completed the sale of the Storage Solutions on Eaton located in Battle Ground, Washington. The property opened for business in July 2020 and is in the initial lease up phase at the time of closing.

Battle Ground WA Storage

The asset totals 51,600 rentable square feet encompassing 376 storage units and includes excess land for future expansion. The class A facility offers both heated and unheated units and covered RV parking and is well situated in the high growth Battle Ground market.

The buyer, In Self Storage, is a self-storage operator that acquires and manages medium sized storage and RV rental facilities located in CA, AZ, CO, TX, UT, OR and WA and has a current portfolio of 25 assets. Jim Lewis, Greg Wells, Luke Elliott and Mike Mele with Cushman & Wakefield’s Self Storage Advisory Group handled the transaction on behalf of the property developer.

“The Storage Solutions on Eaton property offered the exceptional combination of a newly built, high-quality asset with land for expansion in a fast growth suburb of the Portland-Vancouver metropolitan area,” commented Jim Lewis.

"Self storage continues to be a desirable place to invest capital and whether fully stabilized or still in lease up, such as the Battle Ground property, buyers remain drawn to this asset class,” added Greg Wells.

“The Battle Ground property is an excellent fit with our portfolio as we look to grow more in the Pacific Northwest,” said Charles Oliver, Partner with In Self Storage. “We plan to add value through aggressive lease up, adding larger unit sizes and future expansion.”

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 50,000 employees in 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

 

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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.