Recent Closings: 10.5.21 – 10.11.21

Property: All American Self Storage
Location: Evansville, IN
Brokers and Brokerage: Rob Schick and Neal Gussis of Argus Self Storage Advisors
NRSF: 66,010
Unit Count: 420
Acreage: 5.0
Room for Expansion: Yes
Highlights:

  • Closed in 30 Days
  • 20,380 Square Feet of Climate-Controlled Units
  • 20 Canopy Covered RV Spaces
  • Five Buildings Constructed of Masonry and Steel
  • Fully Fenced with Electronic Lift Gate

Property: Extra Space (Managed)
Location: Oahu, HI
Buyer: InSite Property Group
NRSF: 44,390
Year Built: 2017
Occupancy: 99.4% (Physical)
Highlights:

  • 100,000+ People within Three Miles
  • Median Income of $97,000
  • Supply of 0.9 Square Feet per Person

Property: Storage Direct (Managed)
Location: Victorville, CA
Brokers and Brokerage: Jacob Becher, Tasso Douglas, Jesse Cameron, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 73,150
Unit Count: 392 Climate Controlled and 145 Non-Climate Controlled
Occupancy: 99% (Physical)
Highlights:

  • Class A Self Storage Facility
  • High Daily Traffic Counts: 3,000 Cars/Day off Mojave Drive and 7,700 Cars/Day off Amargosa Road
  • Dense & Growing Population: 154,388 People Living Within a Five-Mile Radius – Represents a 90% Increase Since 2000

Property: Life Storage (Managed) Two Property Portfolio
Location: San Antonio, TX
Brokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 154,845
Unit Count: 1,190 Climate Controlled and 115 Non-Climate Controlled
Acreage: 6.99
Highlights:

  • Two Newly Built, Class A Self Storage Facilities
  • Roosevelt Ave Year Built: July 2019 Hot Wells Year Built: January 2021
  • Below Market Rents at Both Locations
  • Hot Wells Blvd Has Great Visibility on Interstate-37
  • High Daily Traffic Counts: Roosevelt Ave: 27,500 Cars/Day | Hot Wells Blvd: 7,400 Cars/Day & 102,000 Cars/Day off I-37

Property: North River Storage
Location: Tanner, AL
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 31,990
Unit Count: 58 Climate Controlled and 147 Non-Climate Controlled
Room for Expansion: 22,000 NRSF
Highlights:

  • Huntsville, Alabama MSA Self Storage Facility
  • Significantly Below Market Rents
  • Great Visibility Along US Highway 31
  • Affluent Market: Average Household Income of $140,511 of People Living within One Mile
  • Population has Increased by Over 39% Since the Year 2000 within a Five Mile Radius

Property: Springfield Self Storage & Green Valley Self Storage
Location: Mount Vernon & Springfield, OH
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 90,225
Unit Count: 579
Acreage: 8.15
Occupancy: 93% (Physical)
Highlights:

  • Two Self Storage Facilities Approximately One Hour Apart
  • High Daily Traffic Counts at Both Locations: Approx. 10,000 Cars/Day
  • Growing Surrounding Populations

Property: Banning Mini Storage
Location: Banning, CA
Brokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 22,027
Unit Count: 110
Highlights:

  • Prime Location with Visibility from I-10, a Major Interstate
  • Near Ramsey Street, the Main Thoroughfare
  • Retailers Located Nearby Include Starbucks, McDonalds, Dollar General and Walgreens to Name a Few

Property: Affordable Storage
Location: Orange, TX
Brokers and Brokerage: Danny Cunningham, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus & Millichap
NRSF: 23,340
Unit Count: 146
Highlights:

  • Perimeter Fencing and Lighting
  • 24/7 Video Surveillance System
  • Wide Concrete Driveways
  • On-Site Manager’s Office and Residence
  • Garage-Style Roll Up Doors
  • Excellent Visibility and Accessibility
  • Boat & RV Storage
  • Personalized Key-Pad Gated Entry

Property: SecurCare Self Storage Two-Property Portfolio
Location: Lufkin and Nacagdoches, TX
Brokers and Brokerage: Tyler Trahant and Chad Snyder of Argus Self Storage Advisors
NRSF: 31,680
Unit Count: 265
Occupancy: 91% (Physical)

Property: Interstate Mini Storage
Location: White House, TN
Brokers and Brokerage: Anne Williams-Blackwell and Andy Beeckman of the Williams Group of Marcus & Millichap
NRSF: 28,450
Unit Count: 190 Climate Controlled and Non-Climate Controlled, 26 Parking Spaces and One Warehouse Space
Highlights:

  • Stabilized Asset which Provided Excellent Cash Flows from Day One
  • Nashville, Tennessee MSA
  • Local Owner Operator | Regional Buyer
  • 5.25% Cap Rate on Current
  • 7.16% Cap Rate on Proforma

Property: Lock N Store Self Storage
Location: Warrensburg, MO
Brokers and Brokerage: Anne Williams-Blackwell and Marla Čolić of the Williams Group of Marcus & Millichap
NRSF: 44,350
Occupancy: 88% Physical and Economical
Unit Count: 261
Highlights:

  • Paved Drives and Gate Access Entry
  • New Construction – Opened August 2019

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