Self-storage facility north of Boston trades

BOSTON, May 14, 2026 – JLL Capital Markets announced today that it has completed the  sale of Newbury Self Storage, a 686-unit self-storage facility in Newbury, Massachusetts.

JLL’s Capital Markets Self Storage team represented the private seller, Stowaway Storage Newbury, LLC, and procured the buyer, Andover Properties.

Newbury Self Storage consists of 12 single-story buildings completed in stages from 2016 to 2023. The property offers 111,000 rentable square feet, an on-site office, drive-up units and land for additional expansion. The 49.35-acre site is located directly on Route 1/the Newburyport Turnpike, approximately 30 miles north of Boston in Newbury. Newbury Self Storage is the newest and highest quality of the self-storage options in its trade area.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Andover Properties is an investment firm specializing in alternative real estate asset classes such as self-storage, manufactured housing, RV parks, small bay industrial, and car washes. Andover is one of the largest private owner-operators of self-storage facilities in the U.S., with a portfolio totaling over 14 million square feet across 170+ facilities in 20 states and operating under the Storage King USA brand. Founded in 2003 by Brian and William Cohen, Andover is headquartered in New York City, with offices in Miami and San Francisco. For more information, visit Andover Properties.