InSite Property Group Acquires A Storage Center in Tacoma, WA

InSite Property Group – the vertically integrated self storage acquisition, development, and management company – announces the acquisition of A Storage Center in Tacoma’s Parkland neighborhood. Located at 220 112th Street East in Tacoma, WA, the property offers 66,773 square feet of drive-up and interior heated and non-heated units. The store is surrounded by apartments, with 41,000 cars per day passing directly in front. The facility will be operated by InSite’s wholly-owned management firm and rebranded as SecureSpace Parkland Tacoma. Our planned renovation will position the store as one of…

Featured Broker: Jordan Farrer

Jordan Farrer serves as an investment specialist for The LeClaire-Schlosser Group. His service is focused on the disposition and acquisition of self storage facilities in Utah and surrounding regions. Jordan is a Utah native, from St. George, and he graduated from Dixie State University with a Bachelor of Science in finance. Before joining Marcus & Millichap, Mr. Farrer worked with a real estate private equity firm, a local consulting group and in sales. With the equity group, he was charged with creating relationships with owners and clients, underwriting and presenting…

SpareBox Storage Acquires 28 Stabilized Self Storage Properties in Michigan and Ohio

SpareBox Storage, a national self storage platform focused on consolidating the highly fragmented self storage sector across the United States, announced today that it has acquired 28 stabilized properties in Michigan and Ohio and has added 1.9 million net rentable square feet to its portfolio. With this acquisition, SpareBox has opened up seven new markets in the Midwest with strong underlying fundamentals and demographics. Steve Treadwell, CEO of SpareBox Storage noted, “We are incredibly proud to complete our largest acquisition to date, with the addition of 28 properties in thriving…

Recent Closings: 9.21.21 – 9.27.21

Property: Watertown Storage Three Property Portfolio Location: Watertown & Evans Mills, NY Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 172,999 Unit Count: 1,307 Room for Expansion: Yes Highlights: One of the Largest Storage Facilities in Northern New York Two of the Sites Are Less Than a Mile from Each Other | The Third Site is Ten Miles Away Tenant Insurance Program and New Management Software Rolled Out in January 2021 New U-Haul Truck Rental Program Ready to…