JLL Capital Markets led the sales efforts for 6025 Park Dr., a 993-unit facility in Rocklin, California
News release
19 March 2024
Sacramento-area self-storage facility sells to new investor
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LOS ANGELES, Mar. 19, 2024 – JLL Capital Markets announced today the sale of a sizeable, 993-unit self-storage facility located at 6025 Park Dr. in Rocklin, California.
JLL represented the seller, an affiliate of Banner Real Estate Group, throughout the acquisition of the facility by an institutional buyer.
The expansive property sits on 1.72 acres and is adjacent to numerous residential neighborhoods and multi-housing communities. It is strategically located in a northern suburb of Sacramento that is rapidly expanding. The facility has great visibility being positioned at the intersection of Park Dr. and Sunset Blvd. Together these streets have a traffic count of more than 38,000 vehicles per day.
The facility offers three stories of self-storage with 98,240 square feet of rentable space and a variety of unit sizes. Completed in 2021, the facility offers many advanced features such as climate-controlled units, electronic access control, drive-up units and a covered loading bay.
During the sale of 6025 Park Dr. the JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Brian 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 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.
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 106,000 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 Banner Real Estate Group
Chicago-based Banner Real Estate Group invests in, develops and manages multifamily properties & self-storage facilities nationwide. To learn more, please visit: bannerrealestategroup.com.