The self-storage facility has been sold for $8.2 million

July 18, 2024: Top Box Self Storage in Braeside, Australia, sold for $8.2 million to StorHub Group, which operates facilities in Australia and Asia. The four-story building at 316 Governor Road comprises 49,836 square feet. The seller was represented by Brett Simpson, director of Gray Johnson, a Melbourne-based commercial real estate company. Launched in 2019, StorHub owns and manages 470 self-storage facilities comprising a combined 6.8 million square feet. Its properties are in Australia, China, Japan, Malaysia, Singapore and South Korea.

Source: www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-july-2024