National investor adds West Texas self-storage facility to its portfolio
JLL Capital Markets led the sales efforts for Atlas Self Storage, a 116-unit facility in Midland
DALLAS, June 8, 2023 – JLL Capital Markets announced today that it has completed the sale of Atlas Self Storage, a 116-unit self-storage facility in Midland, Texas.
JLL represented the seller, Atlas Self Storage, and procured the buyer, KO Storage.
Atlas Self Storage is located at 200 Norman St. just north of Interstate 20 in downtown Midland. The project sits near a collection of KO Storage facilities and is easily accessible from the majority of Midland’s residential population. The 18,120-square-foot facility was 95% occupied at closing.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Directors Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Atlas Self Storage
Atlas Self Storage invests in and operates value-add storage facilities throughout Texas. To learn more, please visit: atlasselfstorage.com.
About KO Storage
Since 2016, KO Storage has sought to do self-storage better. KO Storage is a family-owned business that utilizes technology to create a smarter, more streamlined rental process. Today, KO Storage operates in over 24 states and is actively expanding its footprint in new markets across the lower 48.