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Westport Properties, a Newport Beach, Calif.,-based owner-operator of self storage, multifamily and industrial properties, has acquired a two-property self storage portfolio in Southern California. The facilities total 2,284 self storage units and 270,841 rentable square feet.
The assets in Carson, Calif., and Carlsbad, Calif., were approximately 90 percent occupied at the time of the sale. They were being managed under the StorQuest Self Storage brand.
Located at 17106 Avalon Blvd., the Carson property is situated on a roughly 4.5-acre site with easy accessibility and visibility on a heavily trafficked thoroughfare in the Los Angles South Bay Area. It was built in 2006.
The Carlsbad asset is located at 2500 Campbell Place on about 3.4 acres at a high-profile intersection that is also heavily trafficked. Built in 2008, the facility is adjacent to and serves Bressie Ranch, a San Diego suburb. The area has significant new residential and commercial developments that surround the property.