The facility comprises 48,025 square feet in 359 units
July 11, 2021: Cornerstone Self Storage in Westerly, Rhode Island, sold to The Storage Investment Group LLC (SIG), a Philadelphia-based private-equity development and investment firm. The facility built on 1.8 acres at 234-236 Post Road, comprises 48,025 square feet in 359 units.
The property, constructed in phases between 1982 and 2015, also has 28 vehicle-storage spaces and a 1,000-kilowatt solar-panel system.
JLL Capital Markets, a full-service global provider of capital solutions for real estate investors and occupiers, secured a five-year, fixed-rate loan from The Washington Trust Co. on behalf of SIG.