With a reputation as a key player in self storage investment sales, James “Ashley” Compton has sold or listed more than 19.3 million square feet of self storage over the course of his 18-year brokerage career. These transactions are valued in excess of $2.02 billion and place Ashley among top national producers. Upon joining Colliers’ Nashville office in 2016, Ashley was named a national director of self storage investment sales. While obtaining his undergraduate degree, Ashley launched his career as an acquisitions analyst for a self storage REIT. His brokerage…
Day: May 26, 2021
List Self Storage Expands to United Kingdom
List Self Storage (ListSelfStorage.com; “List”), the premier online platform for connecting buyers and sellers of self storage facilities, development land and conversion opportunities, has launched ListSelfStorage.co.uk to serve the growing property acquisition community in England, Scotland, Wales and Northern Ireland. List Self Storage is a product of StorTrack, the world’s leading self storage data provider. “The growth in demand in the UK is fueling increased investment and development in self storage, just as it continues to do in the US and elsewhere. List has proven success in connecting buyers and…
Spring Cleaning Checklist for Your Business’s Online Presence
While most of us attribute spring cleaning to things around the house, it is just as important to do the same with your business. That is why we put together a quick and easy-to-implement checklist to help you freshen up your online presence. 1. Clean up Directory Listings Online, hundreds of directories list your business information like Google My Business, Foursquare and Yelp. If you’re not supplying the information they list, many use an algorithm that pulls data from wherever they can find it. This can lead to incorrect and…
The LeClaire-Schlosser Group of Marcus & Millichap Arranges the Sale of Aransas Pass Storage in Ingleside, Texas
The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Aransas Pass Storage, a 181,210 square foot storage facility located in Ingleside, Texas. “Corpus Christi’s growth is no secret, but we’re seeing excitement throughout the Coastal Bend and that’s reflected by the groups with a national presence that are investing in the area” Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire,…
Andover Properties Closes on the “Stash Self Storage Portfolio” in Tucson, AZ
Andover Properties, LLC (dba Storage King USA) has recently acquired a two-property portfolio in Tucson, AZ, increasing its footprint in the city to five properties. Combined, the two properties total over 200,000 NRSF across 1,750 units. “Our business plan is to stabilize occupancy at Fort Lowell and bring in-place rents to that of the market for both properties.” The properties, Fort Lowell and Coca Cola Place, are strategically situated within a 10–20-minute drive from each other and the three existing Storage King USA Tucson assets. Between them they have a…
Woodstock Storage and Car Wash, Woodstock, GA Sold by Midcoast Properties, Inc.
Midcoast Properties, Inc. announces the recent sale of Woodstock Storage and Car Wash located in Woodstock, Georgia. Midcoast Properties represented the Seller, with Michael Morrison as lead broker. The facility was sold to an in-state buyer, who formed an LLC for the purpose of acquiring the facility. The facility is situated on 1.87 +/- acres, with 81 standard self storage units (13,200 +/- rsf), 17 vehicle parking and a 5 bay self-serve plus 1 automatic bay car wash. Amenities include two new security camera systems, LED lighting, personalized Digigate keypad…
Maine Stabilized Four Property Portfolio Sells
The Hatcher Group of Marcus & Millichap recently brokered the sale of four stabilized self storage facilities in Southern Maine consisting of 92,275 combined net rentable square feet throughout 793 total units. The portfolio had a combined physical occupancy of 93.95% and there is an opportunity for upside via 15,000 fully approved and graded square feet for expansion in Oxford, a site which was built in 2019 and is already more than 96% occupied. The Windham location was expanded in 2018, which included climate controlled units and is already at…