2022 Closing Highlights

Closings from the National Self-Storage Advisory Group of Cushman & Wakefield:

Portfolio: Tuck It Away Storage (REIT Managed) Three-Property Portfolio
Sale Date: July 2022
Location: New York, NY
Square Footage: 154,592
Unit Count: 3,665

Portfolio: CubeSmart Palm City Two-Property Portfolio
Sale Date: April 2022
Location: Palm City, FL
Square Footage: 24,131

Property: San Antonio, TX Self Storage
Sale Date: June 2022
Location: San Antonio, TX
Square Footage: 91,909
Unit Count: 1,086
Acreage: 2.0
Year Built: 2020

Overall National Self-Storage Advisory Group of Cushman & Wakefield highlights:

  • Over $1.8 billion in sales
  • 68 total closings
  • Over 7.5 million net rentable square feet sold

Closings from Argus Self Storage Advisors:

Portfolio: Storage Oklahoma Ten-Property Portfolio
Sale Date: August 2022
Location: Oklahoma City, OK MSA
Square Footage: 610,924
Broker: Jared Jones, CCIM
Buyer: Public Storage

Properties: Burleson Self Storage & Deer Creek Self Storage
Sale Date: July 2022
Location: Burleson & Crowley, TX
Square Footage: 99,851
Brokers: Chad Snyder and Tyler Trahant
Buyer: National Storage Affiliates

Portfolio: Blue Sky Self Storage Three-Property Portfolio
Sale Date: December 2022
Location: Wichita, KS
Square Footage: 112,850
Broker: Larry Goldman, CCIM
Seller: Blue Sky Self Storage
Buyer: KO Storage

Property: Stör Self Storage
Sale Date: January 2022
Location: Inner Grove Heights, MN
Square Footage: 66,370
Brokers: Tom Flannigan and Alex Ihrke
Seller: Valley Homestead Properties, LLC
Buyer: Public Storage

Property: 210 Self-Storage
Sale Date: July 2022
Location: St. Johns, FL
Square Footage: 60,000
Brokers: Josh Koerner and Frost Weaver
Buyer: SmartStop Self Storage

Property: Rockrimmion Self Storage
Sale Date: December 2022
Location: Colorado Springs, CO
Square Footage: 53,353
Brokers: Joan Lucas and Cole Carosella
Buyer: Merit Hill Capital

Property: Union Chapel Storage
Sale Date: March 2022
Location: Noblesville, IN
Square Footage: 76,854
Broker: Rob Schick
Buyer: Public Storage

Overall Argus Self Storage Advisors highlights:

  • Over $1.3 billion in sales
  • Over 100 total closings
  • 4.535 million net rentable square feet sold

Closings from Calvary Realty:

Property: AA U Stor of Upland
Sales Price: $38.7 Million
Sale Date: October 17, 2022
Location: Upland, CA
Square Footage: 255,000
Occupancy: 97%
Number of Units: 1218
Acreage: 4.75+4.25
Year Built/Expanded: 1974/1986
Broker: Brandon Robinson
Seller: Cameron Properties
Buyer: Merit Hill Capital

Property: Pair A Dice Boat & RV Storage
Sales Price: $2 Million
Sale Date: March 1, 2022
Location: Needles, CA
Square Footage: 48.384
Occupancy: 98%
Number of Units: 150
Acreage: 2.46
Year Built: 2007
Broker: Brandon Robinson
Seller: Pair-A-Dice Boat & RV Storage
Buyer: 3665 Blackwood LLC

Property: Right Space Storage of Big Bear
Sales Price: $2.2 Million
Sale Date: September 19, 2022
Location: Big Bear City, CA
Square Footage: 12,183
Occupancy: 93%
Number of Units: 53
Acreage: 0.82
Year Built: 1978
Broker: Brandon Robinson
Seller: Sandy Storage LLC
Buyer: Moonridge Self Storage

Closings from the Hatcher Coe Group of Marcus & Millichap:

Portfolio: 26-Property Neighborhood Storage Ocala, Florida Portfolio
Locations: Central Florida
Square Footage: 1.1 Million+
Room for Expansion: Yes
Brokers: Nathan Coe, Meir Perlmuter, Brett Hatcher and Gabriel Coe
Highlights:

  • All facilities are located within 5-25 miles of each other
  • Excellent visibility and easily accessible locations
  • High daily traffic counts at all locations
  • Rapidly growing markets

Portfolio: Five Star Store It 39-Property Portfolio
Locations: Multiple cities in MI, NJ, NY, OH and PA
Square Footage: 1.46 Million+
Room for Expansion: Yes
Physical Occupancy: 94%
Brokers: Nathan Coe, Daniel Burkons, Brett Hatcher and Gabriel Coe
Highlights:

  • 16 OH properties, five PA properties, 13 MI properties, three NY properties and two NJ properties
  • Non-climate controlled and climate controlled units
  • Fully automated kiosks at 38 of 39 locations (in addition to on-site managers)
  • 24-hour video surveillance at all locations

Portfolio: Boardwalk Storage Ten-Property Portfolio
Locations: Multiple cities in AL, GA and TN
Square Footage: 569,530
Unit Count: 3,369
Room for Expansion: Yes, totaling 160,130 NRSF
Brokers: Nathan Coe, Brett Hatcher and Gabriel Coe
Highlights:

  • Mix of climate controlled units, non-climate controlled units, covered and uncovered parking
  • Excellent visibility and easily accessible locations
  • High daily traffic counts at all locations
  • Growing surrounding populations

Overall Hatcher Coe Group of Marcus & Millichap highlights:

  • $2.1 billion in sales
  • 132 total closings
  • 294 properties
  • 32 portfolios
  • 36 states
  • 13.3 million net rentable square feet sold

Closings from Lindsey Self Storage Group:

Property: All Pro Self Storage
Location: Winston-Salem, NC
Square Footage: 52,275
Broker: John C. Lindsey

Property: GreenFill Storage
Location: Memphis, TN MSA
Square Footage: 107,105
Brokers: John C. Lindsey and Jim Ritchie

Portfolio: Clarksville Three-Property Portfolio
Location: Clarksville, TN
Square Footage: 208,175
Broker: John C. Lindsey

Closings from Storage Exchange:

Properties: McCall & Sunflower Self Storage
Location: Manhattan, KS
Square Footage: 118,390
Broker: Hunter Molnar

Property: Safe Guard Self Storage
Location: Mooresville, IN
Square Footage: 49,560
Brokers: Taylor Cahn and Maggi Graban

Property: Discount Storage
Location: Mount Pleasant, TX
Square Footage: 141,366
Broker: Liam Duddy

Overall Storage Exchange highlights:

  • Over $60.3 million in sales
  • 28 total closings
  • 847,410 net rentable square feet sold

Closings from JLL National Self Storage Capital Markets:

Portfolio: Ten-Property Portfolio
Locations: WA, OR, CO, CA and NY
Square Footage: 872,000
Brokers: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler

Portfolio: 14-Property Portfolio
Locations: GA, SC and FL
Square Footage: 1.1 Million
Brokers: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler

Portfolio: 11-Property Portfolio
Locations: CA, OR and TX
Square Footage: 486,000
Brokers: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler

Overall JLL National Self Storage Capital Markets highlights:

  • $1.9 billion in sales
  • $1.7 billion in debt & equity placement transaction volume
  • 80 total properties sold
  • Nine portfolio sales
  • 13 single asset sales

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