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The facility comprises 17,322-square-foot property in 168 units and four office/retail spaces
July 18, 2024: Macadam Mini-Storage in Portland, Oregon, sold to Macadam Moving LLC for $1.6 million. The facility at 5620-5622 S. Kelly Ave. comprises 17,322-square-foot property in 168 units and four office/retail spaces. The building was constructed in 1964 as a warehouse and converted into self-storage in 1998. Greg Nesting, executive vice president, and Gabe Schnitzer, vice president of industrial properties for Portland-based Norris & Stevens represented the sellers, Ronald A. Buss and Teresa McCurdy. Jason Kennedy of RE/MAX Equity Group represented the buyer.
Source: www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-july-2024
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