Big Cypress Capital and PSG Complete $18.2 Million Sale of DC Metro Self-Storage Facility to Extra Space Storage
NAPLES, Fla. , June 15, 2021 |PRNewswire| -- Big Cypress Capital (Big Cypress), an emerging investment management firm, through its Headwaters Strategic Operator Platform (Headwaters) and with its Strategic Operator partner, PSG , a Baltimore based private real estate development firm, has completed the $18.2 million sale of a newly constructed Class-A climate controlled self-storage facility to Extra Space Storage , a globally recognized leading self-storage REIT. The facility is located inside the Metropolitan Washington, DC Beltway at 7618 Marlboro Pike, District Heights, MD . The sale represents Headwaters'' first self-storage facility realization for its 6-property, 655,000 aggregate square foot, Class-A portfolio that targeted high growth East Coast submarkets, including South Tampa''s Westshore Marina district, South Charlotte''s Lower South Park|NC-51 submarket, Downtown Durham, NC , Baltimore''s Canton neighborhood and Northeast Philadelphia''s Grant Avenue corridor. Full story available on Benzinga.
Big Cypress Capital and PSG Complete $18.2 Million Sale of DC Metro Self-Storage Facility to Extra Space Storage
NAPLES, Fla. , June 15, 2021 |PRNewswire| -- Big Cypress Capital (Big Cypress), an emerging investment management firm, through its Headwaters Strategic Operator Platform (Headwaters) and with its Strategic Operator partner, PSG , a Baltimore based private real estate development firm, has completed the $18.2 million sale of a newly constructed Class-A climate controlled self-storage facility to Extra Space Storage , a globally recognized leading self-storage REIT. The facility is located inside the Metropolitan Washington, DC Beltway at 7618 Marlboro Pike, District Heights, MD . The sale represents Headwaters'' first self-storage facility realization for its 6-property, 655,000 aggregate square foot, Class-A portfolio that targeted high growth East Coast submarkets, including South Tampa''s Westshore Marina district, South Charlotte''s Lower South Park|NC-51 submarket, Downtown Durham, NC , Baltimore''s Canton neighborhood and Northeast Philadelphia''s Grant Avenue corridor. Full story available on Benzinga.