BOSTON— JLL Capital Markets announced the sale of Newbury Self Storage, a 686-unit self-storage facility located approximately 30 miles north of Boston in Newbury.
JLL’s Capital Markets Self Storage team represented the seller, Stowaway Storage Newbury LLC, and secured the buyer, Andover Properties. Financial terms of the transaction were not disclosed.
The property consists of 12 single-story self-storage buildings developed in phases between 2016 and 2023. The facility includes approximately 111,000 rentable square feet, an on-site management office, drive-up storage units, and additional land available for future expansion.
Situated along Route 1, also known as the Newburyport Turnpike, the nearly 50-acre site serves the greater North Shore market and benefits from strong regional visibility and accessibility.
According to JLL, Newbury Self Storage is considered one of the newest and highest-quality self-storage properties in its local trade area, positioning it as a notable asset within the region’s growing self-storage sector.
JLL said its Capital Markets division continues to provide investment sales, financing, and advisory services for institutional and private real estate investors worldwide. The firm’s Capital Markets platform includes more than 3,000 specialists operating across nearly 50 countries, offering services that range from debt and equity advisory to mergers and acquisitions and infrastructure consulting.
The transaction reflects continued investor interest in self-storage assets, particularly in high-demand suburban markets surrounding major metropolitan areas such as Boston.
