Sale of a 208,083 Square-Foot Portfolio in North Platte

 

North Platte, NE—Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the successful closing of North Platte Storage Portfolio. The portfolio, featuring four properties, is located at 3109 South Willow Street, 2020 East Philip Avenue, 2505 West Rodeo Road Avenue, and 214 North Lakeview Road in North Platte, NE. Associate Mason Gates, within the Matthews™ Self-Storage Division, facilitated the $15.5 million transaction.

 

The portfolio features 208,083 net rentable square feet and 1,142 units. The seller, Matthew Ackerman of ASONP LLC, sought to divest after years of building one of the largest self-storage footprints in Nebraska. This marked the largest broker-facilitated self-storage transaction in the state by price and square footage.

 

The buyer, HAN Capital LLC, a property investment company based in Chicago, was motivated to expand its self-storage footprint across Nebraska and the broader Midwest. This acquisition provided them with over 208,000 net rentable square feet in one transaction, enabling them to increase their presence in the Nebraska self-storage market significantly.

 

The process, which lasted 925 days, involved entering escrow on four separate occasions with various buyers. The deal was ultimately structured with a favorable blend of conventional and seller financing, enhancing the seller’s long-term returns.

 

“Despite shifting buyer interest and challenges throughout the process, Matthews™ remained committed to securing the right outcome,” Gates said. “Our ability to navigate multiple rounds of negotiations and structure favorable financing ultimately resulted in a successful transaction for both the seller and the buyer.”

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.