JLL Capital Markets led the sales efforts for Yellow Door Storage – Northgate in Denton, Texas
News release
21 January 2025
520-unit self-storage facility in Greater Dallas-Fort Worth area trades
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DALLAS, Jan. 21, 2025 – JLL Capital Markets announced today that it has completed the sale of Yellow Door Storage – Northgate, a 520-unit self-storage facility in the Greater Dallas Fort Worth-area community of Denton, Texas.
JLL marketed the property on behalf of the seller, NorthBridge Realty Holdings, and procured the buyer, Extra Space.
Completed in 2022, Yellow Door Storage – Northgate is a Class A facility featuring ground floor climate-controlled units, drive-up units, 24-hour video surveillance and an on-site office. The 65,600-square-foot property is currently 55.8% occupied.
Yellow Door Storage – Northgate is located at 3020 E Sherman Dr. in the rapidly growing community of Denton. The population within a one-mile radius of the facility has grown over 7.5% in the last two years and is projected to continue its upward trend, providing long-term stable demand for self-storage space. Denton is also home to the University of North Texas and Texas Woman’s University, which are additional demand drivers for the asset.
The JLL Capital Markets team representing the seller was led by Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.
“We had quite a bit of interest in the Yellow Door offering given its location in the rapidly growing, tax-friendly Denton market, as well as due to the resiliency of the self-storage asset class overall,” said Mellon.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’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 group 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.
About JLL
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 $20.8 billion and operations in over 80 countries around the world, our more than 111,000 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 NorthBridge Realty Holdings
NorthBridge Realty Holdings actively pursues commercial real estate investment and development ventures in sectors such as self-storage, RV/Boat storage, medical office and flex industrial spaces. NorthBridge specializes in opportunities necessitating equity within the $5 to $50 million range, a segment often overlooked within the commercial real estate industry. To learn more, please visit: nbrealtyholdings.com.