Self-Storage Deal Sold – $2,350,000. Hayden Hulsey, CCIM represented the Buyer in another nearly $13,000,000 Self-Storage development project at 101 American Blvd W, Bloomington, MN. The existing 27,500 square foot building will be demoed with construction of a new 3 story 160,000 Square Foot Self-Storage Facility beginning in Q4 2018 .
The Developers/Buyers, Cascade Storage Partners, LLC in partnership with Pamlico Investments, Inc., are Self-Storage Developers and investors out of North Carolina & Colorado. Jernigan Capital, Inc. (New York Stock Exchange listed Real Estate Investment Trust – NYSE: JCAP) and ValFund are the debt and equity partners behind the project.