<body><div><h2>AVAD Capital added more than 5,000 units to its footprint.</h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2eRtTE_0yksFdOZ00" alt="https://img.particlenews.com/image.php?url=2eRtTE_0yksFdOZ00" width="800" height="620" ><figcaption>An Extra Space Storage self storage facility in Midland, Texas. Image courtesy of JLL</figcaption></figure><p>Extra Space Storage has sold a nine-property, 5,180-unit portfolio in Midland and Odessa, Texas to AVAD Capital. The portfolio totals 782,998 rentable square feet around the oil-producing area of Permian Basin.</p><p>The Midland properties are located at 5005 Andrews Highway, 1904 Loop 250 Frontage Road, 3111 Caldera Boulevard, and 2504 N Loop 250 W.</p><p>The Odessa properties are located at 3125 Kermit Highway, 5306 N Grandview Avenue, 5101 E 52nd Street, 6501 E Business, and 5136 E University Boulevard.</p><p>JLL’s Capital Markets Investment Sales and Advisory team, which represented the seller, was led by Senior Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.</p><h2>Extra Space Storage activity</h2><p>Last month, Mellon and Somoza were part of Extra Space Storage’s acquisition of Yellow Door Storage–Northgate, a 520-unit self storage facility in Denton, Texas. The team worked on behalf of the buyer, NorthBridge.</p><p>In November, Extra Space Storage partnered with DSA Capital LLC to open a climate-controlled, four-story, 110,000-square-foot self storage facility in Brookfield, Conn. The developer, De Stefanis &amp; Associates of White Plains, N.Y., said it is the largest single-building self-storage facility in the Greater Danbury, Conn., area. The facility has 810 units ranging in size from 25 square feet to 300 square feet.</p></div></body>

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AVAD Capital added more than 5,000 units to its footprint. Extra Space Storage has sold a nine-property, 5,180-unit portfolio in Midland and Odessa, Texas to AVAD Capital. The portfolio totals 782,998 rentable square feet around the oil-producing area of Permian Basin. The Midland properties are located at 5005 Andrews Highway,...

Extra Space Storage Trades 9-Asset Portfolio

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AVAD Capital added more than 5,000 units to its footprint. Extra Space Storage has sold a nine-property, 5,180-unit portfolio in Midland and Odessa, Texas 

Extra Space Storage Trades 9-Asset Portfolio

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