Home Commercial Merit Hill Capital Buys 46,000 SQFT Self-Storage Property in Tacoma for $7.1MM

Merit Hill Capital Buys 46,000 SQFT Self-Storage Property in Tacoma for $7.1MM

Pierce County, Merit Hill Capital, Colliers, Tacoma, Hosmer Self Storage LLC, Puget Sound

(Editor’s Note: According to Pierce County property records, the sale price was $7.1 million, or approximately $153 per square foot.)

SEATTLE – June 27 2023 – Leading diversified professional services and investment management company Colliers is pleased to announce the sale of 8233 S Hosmer, a 46,265 square foot self-storage property in Tacoma, WA. Colliers’ de Jong | Becher Self Storage Team, consisting of Jacob Becher, Nate Fliflet, Dana Chobor and Tom de Jong, represented the seller, Hosmer Self Storage LLC, in negotiations with the buyer, Merit Hill Capital.

Located near the intersection of S Hosmer Street & S 84th St, this property consists of 454 storage units that range from 25-300+ square feet. It features wide-drive aisles to accommodate large moving trucks, convenient freeway access, drive-up storage units and options for indoor vehicle storage. The site also comes well equipped with excellent security measures, including an on-site manager and electronic gate access.

“Storage remains one of the most resilient asset classes across the Pacific Northwest with new buyers entering the market looking to place new capital and the sale of S Hosmer Street serves as a testament to this trend,” said Colliers’ Fliflet. “We were thrilled to be selected by Hosmer Self Storage to execute this transaction for their long-term hold asset and look forward to the direction this property will go under its new ownership.”

About Colliers

Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people.