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Stor-N-Lok Closes on 3 Portland Self-Storage Facilities for $11.1M

Stor-Room Mini Storage Sells 138,065 SF in Three Separate Transactions
October 24, 2011
Stor-n-lok Warehouses, Inc. purchased three self storage facilities in Portland, OR from Stor-room Mini Storage LLC in three separate transactions that closed the same day for a total $11.125 million, averaging about $81 per square foot.

The three properties are:
  • 4534 SE 17th Ave., a 59,661-square-foot industrial facility built in 1990 on 1.8 acres in Portland that sold for $6,188,072.
  • 24635 SE. Stark St., a 48,004-square-foot industrial facility built in 1991 on 2.5 acres in Gresham, OR that sold for $3,050,000.
  • 1900 NE 181st Ave., a 30,400-square-foot industrial facility built in 1965 on 1.3 acres in Portland that sold for $1,886,928.


Alan Wells with Commercial Associates in Corvallis, OR represented both parties in these related sales.

Please refer to CoStar COMPS #2189228, #2187428, and #2187429 for more information on these transactions.

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