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Magellan Sells $105.5M Self Storage Portfolio

Sovran Self Storage Secures 3,700 Units in SoCal
By Justin Sumner
CoStar News
April 20, 2016 | 2:26 P.M.

Sovran Self Storage, Inc. (NYSE: SSS) acquired a portfolio of self-storage properties located across Southern California from The Magellan Group, Inc. in two tranches totaling $105.5 million. The sales price equates to roughly $234 per square foot, or about $28,500 per unit.

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