Recent Closings: 9.7.21 – 9.13.21

Property: Public Storage (Managed) Three Property Portfolio
Location: Chattanooga, TN and Greenville, SC
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 154,840
Unit Count: 1,453 Climate Controlled
Room for Expansion: Yes
Occupancy: 87% Combined (Physical)
Highlights:

  • Institutional Class-A Three Property Portfolio
  • Two Locations in Chattanooga, TN – 3 Miles Apart from Each Other and One Located in Greenville, SC
  • Available Expansion for 20 Additional Lockers at Downtown Location
  • Excellent Locations and Street Frontage
  • High Daily Traffic Counts: NorthShore: 18,000 Cars/Day | Downtown: 7,000 Cars/Day | Greenville: 29,300 Cars/Day
  • Densely Populated Surrounding Populations at All Three Locations

Properties: Village Self Storage and Dardanelle Mini Storage (Arkansas Portfolio)
Locations: Hot Springs Village and Dardanelle, AR
Brokers and Brokerage: John Lindsey and Jim Ritchie of Lindsey Self Storage Group
NRSF: 127,185

Property: Thornton Road Self Storage
Location: Stockton, CA
Brokers and Brokerage: Jacob Becher, Tasso Douglas, Jesse Cameron, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 78,743
Unit Count: 689 Non-Climate Controlled
Occupancy: 100% (Physical)
Highlights:

  • Class-A Self Storage Facility
  • State of the Art Security System
  • Below Market Rents
  • Opportunity to Implement Tenant Insurance Plan
  • Undersaturated Self Storage Market: 6.58 NRSF/Person within a Three-Mile Radius
  • Great Visibility along Thornton Road
  • High Daily Traffic Count: 9,000 Cars per Day
  • Densely Populated Area: 137,850 People Living within Three Miles; 240,224 People Living within Five Miles

Property: Storage 365 Centerville
Location: Garland, TX
Buyer: Andover Properties
NRSF: 78,720
Units: 678
Occupancy: 98.4%
Highlights:

  • High-Quality Build
  • Visibility on Centerville Road (26,500 Vehicles per Day)
  • Single-Story Facility

Property: Jeff Road Extra Storage
Location: Huntsville, AL
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 20,200
Room for Expansion: 70,000-90,000 NRSF
Occupancy: 85% (Physical)
Acreage: 6.10
Year Built: March 2019
Highlights:

  • 4 Bed/3Bath Home on the Property – 2,704 SF
  • Great Visibility off Jeff Road Northwest
  • Affluent Market: Avg. Household Income of $115,544 of People Living within Three Miles
  • Dense Population: 110,000 People Living within a Five-Mile Radius
  • Population has Increased by Over 67% Since the Year 2000 within a Five-Mile Radius

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