Case Study

Washington D.C. Institutional Self Storage

Lexington Park, MD | Over 70,000 Net Rentable Square Feet

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Seller Profile

Private developer who wanted to recycle capital
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Buyer Profile

REIT
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Property Profile

Class-A asset built between 2013-2015. The REIT-managed property had a 75 percent physical occupancy.

The Story

  • The asset received 9 competitive bids
  • Sellers were attempting to negotiate a sale to the REIT / management company
  • REIT was “dragging their feet and the sellers got nervous about a shifting market
  • Sellers engaged SkyView with a mandate to have the property sold prior to year’s end
  • SkyView ran a highly-effective, institutional marketing campaign and solicited bids in a short timeframe
  • Our industry-leading transaction department tightly managed the due diligence period and closing process process to ensure that the deal closed on a short timeline. The contract was executed five days after the agreed upon LOI

The Results

Our sellers successfully closed the transaction before year’s end at a record price and was able to recycle their capital into other new departments.

Engage With Us

100% of our firm’s time, effort, and energy are devoted to you and your goals as a seller. We guarantee that we will generate the highest price and best terms for your property that the market will bear at that moment in time.

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