William Warren | Carlyle Group
Carlyle JV sells Miami-Dade self-storage portfolio for $100M
Self-storage operator William Warren Group is the buyer
An entity tied to William Warren Group just paid $100 million for three self-storage buildings spread throughout Miami-Dade County.
Property records show CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers, sold the buildings.
The facility at 13301 Southwest 87th Avenue fetched the highest price at $39.8 million. Records show the partners bought the 40,000-square-foot lot, which lies near The Falls shopping center, for $4 million in 2016.
A second facility with four stories, at 1396 Northeast 125th Street, sold for $31.7 million. The joint venture paid $3.6 million for the property in 2016. And the last facility, at 1555 West Dixie Highway, traded hands for $28.7 million. The developer paid $1.4 million 1.3-acre lot in 2015.
Carlyle is an investment firm based in Washington, D.C., with more than $200 billion worth of assets under its management, according to the firm’s website. Last month it sold the Fort Lauderdale Marriott Pompano Beach Resort & Spa for $45 million with partner Urgo Hotels.
William Warren Group is a self-storage development, acquisition, property, and asset management company based in Santa Monica, California.