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Triten Actual Property has bought a three-property out of doors storage portfolio totaling 13.5 acres in an off-market transaction in Port Wentworth, Ga., within the Savannah space. The deal was sourced by Triten’s head of acquisitions, Zach Dobin. The vendor was Adana Capital and the portfolio is totally occupied by three drayage customers.
Positioned at 60 Clifton and 18 and 34 Gulfstream Street, the three properties are shut to one another, 3 miles from Savannah-Hilton Head Worldwide Airport and Georgia Ports Authority’s company workplace and 5 miles from Backyard Metropolis Terminal in Port Wentworth. The three drayage yards are additionally near interstates 95 and 16, permitting easy accessibility to Colonel’s Island Terminal in Brunswick, Ga.
READ ALSO: Industrial Out of doors Storage Is the New Sizzling CRE Kind
In a market with restricted provide similar to Savannah, the acquisition of a portfolio so near the Backyard Metropolis Terminal is a uncommon discover, famous Triten Actual Property Companions’ Dobin.
With greater than 50 websites unfold throughout essential markets within the U.S., Triten’s newest acquisitions included the addition of a 2.7-acre out of doors storage property within the Inland Empire space, in line with the corporate’s web site. Earlier in January, the agency expanded its Baltimore presence with the acquisition of two properties, totaling 15 acres.
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