Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT), has acquired Diamond Head Self Storage in Honolulu for $29 million. The property at 633 Ahua St. is near the airport.
Extra Space now has 12 facilities in Hawaii, according to the source. It purchased two self-storage properties on Oahu for $30 million in 2013. The REIT also recently formed a new business in Hawaii called Extra Space Storage of Honolulu Keahole Street LLC.
Headquartered in Salt Lake City, Extra Space is a real estate investment trust that owns or operates 1,371 self-storage properties in 37 states; Washington, D.C.; and Puerto Rico. The company’s properties comprise approximately 910,000 units and 103 million square feet of rentable space.
Sources:
- Pacific Business News: Utah’s Extra Space Storage Buys Honolulu Storage Property for $29M
