Day: February 1, 2022

Featured Broker: Adam Schlosser

Adam Schlosser leads a team of highly qualified professionals focused on the sale, acquisition, financing, research and advisory services of self storage assets throughout the United States. In a little over a decade, Mr. Schlosser has been directly involved in the successful completion of over 300 self storage transactions, totaling over four billion in dollar volume. Mr. Schlosser believes a legacy of building strong client relationships and a career dedicated to a specialized niche are the cornerstones to success allowing him and his team to deliver unmatched advisory services. Through…

North Las Vegas, NV

Click Here to View Market Information Using the Market Discovery Data Tool from StorTrack Explorer, we were able to review data on North Las Vegas, a city in Clark County, NV. Rates have been trending upwards by nearly 22% over the past year and current supply is 7.7 square feet per capita. To view additional metrics, visit the link labeled “Click Here to View Market Information” or go to StorTrack.com to purchase historical data.

Northmarq Arranges $8M Refi for Tampa Storage Asset

Northmarq has secured $8 million in refinancing for a 90,522-square-foot Extra Space Storage managed facility in Pinellas Park, Fla. Tampa-based Senior Vice President & Managing Director Robert Hernandez arranged the 10-year fixed-rate loan, with an interest rate of 2.8 percent and a 30-year amortization period. Completed in two phases, in 1986 and 2000, the asset comprises 904 climate- and non-climate controlled units, ranging from 20 to 600 square feet. The facility includes outdoor RV and boat slips, security cameras and parking spots. At the time of the transaction, the property was…

Storage Property Recognized as Best in State

Local real estate development company, Woodruff Real Estate Services, LLC, has built a self storage facility on a 2.6-acre parcel in Midland, GA. Woodruff Storage of Lakeside opened on May 17, 2021, with the project being completed ahead of schedule. The three-story building provides over 100,800 square feet. Which offers 554 climate-controlled units to the community of the Lakeside Village Apartments and its neighbors in the Columbus/Midland area. Woodruff Storage at Lakeside Village is located at 6950 Ruffie Way, just off the intersection of J R Allen Parkway and Manchester…

Recent Closings: 1.25.22 – 1.31.22

Portfolio: Tuscaloosa Two-Property Storage Portfolio Location: Tuscaloosa, AL Brokers and Brokerage: James Ashley Compton of Colliers International NRSF: 50,354 Unit Count: 524 Acreage: 7.95 Property: Voyageur Storage Location: Motley, MN Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors NRSF: 5,360 + 4,334 SF Three-Unit Rental Home Unit Count: 30 Property: Renton, WA Storage Facility Closing Pricee: $16.3 Million Location: Renton, WA Sellers: Urban Self Storage Portfolio: CubeSmart (Managed) Two-Property Portfolio Location: Atlanta, GA MSA Brokers and Brokerage: Ian Lindahl…