Eight self-storage properties in Memphis MSA trade to new owner

MEMPHIS, TN., Dec. 11, 2024 - JLL Capital Markets announced today that it has completed the sale of an eight-property self-storage portfolio, totaling more than 3,500 storage units and 485,000 rentable square feet, and located in the greater Memphis, Tennessee area.

JLL's Self Storage Capital Markets team represented the seller, Gelt Ventures, in the sale of the portfolio to Mini Mall Storage Properties.

The portfolio consists of over 485,000 square feet of institutional-quality self-storage space. All of the facilities are located in the Memphis MSA, with three in Memphis proper, two in the suburbs and three in suburban Mississippi. The Memphis area has seen significant population growth in the suburbs and the immediate area surrounding the properties is home to an average of more than 47,500 residents within a three-mile radius.

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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