Montreal Mini-Storage Group has purchased a two-property self-storage portfolio in Montreal, Quebec, Canada, from Dalfen American Corp., a real estate investment manager focused on industrial properties in Canada and the United States. Together, the sites comprise169,000 rentable square feet in more than 1,300 units.
The property at 8925 St. Laurent Blvd. was converted to self-storage in 2006, while the facility at 2707 Dollard Ave., in the Montreal borough of LaSalle, was transformed in phases between 2006 and 2009. Offerings at both sites include climate control, electronic access control, office suites, warehouse spaces, video cameras and temperature-controlled loading docks, according to a press release.
The seller was represented in the transaction by Robert MacDougall, Steve Mellon and Brian Somoza, managing directors for JLL Capital Markets, a commercial real estate and finance firm. “Strong surrounding demographics, quality construction and busy retail locations made this an attractive offering and should result in a solid investment for Montreal Mini-Storage Group,” Mellon said.
Founded in 2003, Montreal Mini operates seven facilities in the city.
JLL is a full-service global provider of capital solutions for real estate investors and occupiers. The firm completed $145 billion in investment sale and debt and equity transactions globally in 2016. The firm’s Capital Markets team comprises more than 2,000 specialists globally.