Home Commercial Turnbull Equity Sells 10,000 SQFT Morgan Hill Self-Storage Facility for $2.68MM After 74.2% Gross IRR
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Turnbull Equity Sells 10,000 SQFT Morgan Hill Self-Storage Facility for $2.68MM After 74.2% Gross IRR

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Locked self storage unit.
Image courtesy of bwancho via iStock
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Turnbull Equity's 21-month hold on a small Morgan Hill self-storage property returned a 74.2 percent gross internal rate of return, an outcome the San Ramon firm attributes to an operations-first thesis rather than physical repositioning, and one that landed while national street rates were still drifting lower.

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