Day: April 15, 2024

Recent Transactions: 4.09.2024 – 4.15.2024

Property: AC Self Storage Location: Colorado Springs, CO Buyer: SmartStop Self Storage REIT, Inc. Brokers and Brokerage: Adam Schlosser and Keith Phillips of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 77,720 Unit Count: 77,720 Highlights: Consists of 16 single-story buildings Well-appointed leasing office with retail display Security monitoring Perimeter fencing High door units Expansion potential Wide drive aisles Premium elevated signage at all ingress/egress point   Portfolio: Four Self-Storage Properties Locations: Atlanta, GA and Montgomery, AL Closing Deal: $25.5 Million Buyer: IPC Alternative Real Estate Income Trust, Inc.…

StorageMart Opens Two Self-Storage Facilities in Greenwood, IN and Columbia, MO

StorageMart, a family-owned self-storage business, has announced the purchase of two more sites in Columbia, Missouri, and Greenwood, Indiana. With the two new self-storage facilities, the company expands in its hometown of Columbia and the rapidly developing Indianapolis area. StorageMart began operating facilities in 1999. The new facility in Columbia, MO, situated at 1500 Creekwood Parkway, has 312 storage units with drive-up access and parking spots designed specifically for car storage. It spans 42,200 square feet. A total of 238 drive-up self-storage units with indoor car parking, gated pin pad…

U-Haul Plans to Open its First Company-Owned-and-Operated Store by 2026 in Junction City, KS

U-Haul® is pleased to announce plans for a new retail, moving and self-storage center at East Ash Street & East Vine Street in Junction City after the recent purchase of 12.9 acres. U-Haul Moving & Storage of Junction City is scheduled for completion as early as spring 2026. This will be the first U-Haul-owned-and-operated facility in Junction City. Plans call for a pair of three-story facilities totaling 900 indoor, climate-controlled self-storage units providing high-end security features at affordable prices. In addition, the facility will offer truck and trailer sharing, U-Box…

Spartan Investment Group Closes Deal on New Ground-Up Self-Storage Development in Port Wentworth, GA

Spartan Investment Group (Spartan), a Colorado-based privately held real estate investment firm specializing in the self-storage industry, announced that it has closed on a new ground-up self-storage development in Port Wentworth, Georgia, expanding its portfolio into the growing Savannah market. “Having seen substantial economic and population growth, the expanding need for self-storage in the Savannah market is undeniable. Our team is ready to meet that demand with a new state-of-the-art facility in Port Wentworth,” said Ryan Gibson, CIO and Co-Founder at Spartan. “With this development, we’re not just building a…