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Self Storage Plus-Eisenhower Bldg. Sells for $19.8M

CubeSmart Buys Alexandria Facility
September 4, 2012
CubeSmart, a real estate investment trust, acquired a two-story self-storage facility in Alexandria, VA, from Eisenhower Self Storage LLC for $19.75 million, or about $174 per square foot.

The industrial building at 4650 Eisenhower Ave. delivered in 2000 and was renovated in 2002. The property known as the Self Storage Plus-Eisenhower Building is right off Interstate 495. It totals 113,732 square feet and includes more than 26 drive-in bays.

There were no brokers involved.

Please see CoStar COMPS #2540401 for more information on this transaction.

Editor's note: The story was updated to reflect Eisenhower Self Storage LLC as the seller.

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