Baranof Holdings has acquired a large self-storage facility in Austin. The facility, managed by REIT CubeSmart, contains 1,041 climate-controlled units with a total of 100,417 net rentable square feet. At the time of purchase, the facility was almost full, with a 90 percent occupancy rate. The seller was KKR, who was represented by CBRE. This news comes at the same time as the latest Texas Quarterly Commercial Report, which offers insight into retail news in the Austin-Round Rock area.
