Urban Investments LLC recently sold its self-storage facility in Orange Park, Fla., to Flagship Investment Group LLC for an undisclosed amount. Its the fifth self-storage property Flagship has acquired in the past month.
Located at 2000 Wells Road, the facility has 62,597 net rentable square feet with 433 storage units, six office spaces and 44 parking spots. It was built in 1985. The facility will be rebranded StorKwik Self Storage, Flagship Investment Group's self-storage brand.
Steve Hryszko, vice president for the CB Richard Ellis Self Storage Advisory Group and Bruce Jackson, first vice president in the CB Richard Ellis Jacksonville, Fla., office, represented the seller.
The CB Richard Ellis Self Storage Advisory Group specializes in the acquisition, disposition, and financing of self-storage facilities nationwide.