JLL completes sale of Bay Area self-storage facility

LOS ANGELES, Apr. 8, 2025 – JLL Capital Markets announced today that it has closed the sale of Vallejo Self Storage, a 919-unit, climate-controlled self-storage facility in Vallejo, California.

JLL represented the seller, a joint venture between Taylor Theus Holdings, LLC, and Iron Point Partners, LLC, and procured the buyer, Harvest Properties, Inc.

Completed in 2025, Vallejo Self Storage consists of two three-story storage buildings offering 76,288 rentable square feet and a two-story building with an on-site office.

The property is located at 384 Fairground Dr. adjacent to Interstate 80, which has a daily traffic count of approximately 140,000 vehicles per day. Vallejo Self Storage is well positioned to capitalize on surrounding demand drivers, including a dense medical region, residential nodes, shopping centers and entertainment parks. Positioned in the North Bay Area, the newly developed asset benefits from truly high barriers to entry with limited new supply expected to come online.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Brian Somoza and Director Taylor Gimian.

“Vallejo Self Storage benefits from a dense population base of more than 116,000 residents within a three-mile radius and is positioned across the street from a major mixed-use development, which will drive additional demand for the facility,” said Somoza.

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.

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