{"id":11738,"date":"2026-05-27T16:59:48","date_gmt":"2026-05-27T16:59:48","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=11738"},"modified":"2026-05-27T16:59:48","modified_gmt":"2026-05-27T16:59:48","slug":"commune-capital-sells-self-storage-property-in-bellevue-wa-for-50-7m","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/commune-capital-sells-self-storage-property-in-bellevue-wa-for-50-7m\/","title":{"rendered":"Commune Capital Sells Self-Storage Property in Bellevue, WA for $50.7M"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<figure id=\"attachment_11739\" aria-describedby=\"caption-attachment-11739\" style=\"width: 308px\" class=\"wp-caption alignright\"><img loading=\"lazy\" class=\" wp-image-11739\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2026\/05\/12399-Northup-Way-Bellevue-WA.jpg\" alt=\"\" width=\"308\" height=\"231\" \/><figcaption id=\"caption-attachment-11739\" class=\"wp-caption-text\">The self-storage property at 12399 Northup Way in Bellevue, Wash., features 988 climate-controlled and drive-up units.<\/figcaption><\/figure><\/p>\n<p>BELLEVUE, WASH. \u2014 Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million. Mike Mele, Luke Elliott, Jim Lewis and Steffan Brown of Cushman &amp; Wakefield represented the seller in the transaction. Built in 2016 on 1.2 acres, the Class A 103,397-square-foot self-storage facility features 988 climate-controlled and drive-up units. At the time of sale, the property was 93 percent occupied.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a style=\"display: inline-block; background-color: #f97033; color: #ffffff; padding: 8px 14px; font-size: 13px; font-weight: 600; text-decoration: none; border-radius: 4px; line-height: 1.2;\" href=\"https:\/\/rebusinessonline.com\/commune-capital-sells-self-storage-property-in-bellevue-washington-for-50-7m\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read the Full Article<\/a><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: small;\"><b>Source<\/b>: REBusiness Online<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BELLEVUE, WASH. \u2014 Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million. Mike Mele, Luke Elliott, Jim Lewis and Steffan Brown of Cushman &amp; Wakefield represented the seller in the transaction. Built in 2016 on 1.2 acres, the Class A 103,397-square-foot self-storage facility features 988 climate-controlled and drive-up units. At the time of sale, the property was 93 percent occupied. &nbsp; &nbsp; Read the Full Article Source: REBusiness Online<\/p>\n","protected":false},"author":13,"featured_media":11739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[56],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11738"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=11738"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11738\/revisions"}],"predecessor-version":[{"id":11740,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/11738\/revisions\/11740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/11739"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=11738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=11738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=11738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}