Recent Closings: 10.19.21 – 10.25.21

Property: Settlers Landing Self Storage
Location: Concord, NC
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap and Sean Delaney of Marcus & Millichap
NRSF: 21,773
Unit Count: 355
Acreage: 2.07
Room for Expansion: 12,000 NRSF Approved Drive-Up Units
Highlights:

  • Newly Built, Class A Self Storage Facility
  • Excellent Location and Visibility – Located off US Route 29
  • High Daily Traffic Counts: 12,000 Cars/Day
  • Dense and Growing Surrounding Population: 107,053 People Living within a Five-Mile Radius – Represents a 102% Increase Since 2000
  • Affluent Market: Average Household Income within One, Three and Five Miles Well Above the National Average
  • 18 Miles Northeast of Charlotte

Property: Storage Depot
Location: Ripley, MS
Brokers and Brokerage: Matt Porter and Anne Williams-Blackwell of the Williams Storage Group of Marcus & Millichap and Sean Delaney of Marcus & Millichap
NRSF: 38,961 (After Expansion)
Unit Count: 224 Existing Non-Climate Controlled Units, Office, Shop and Rental House
Occupancy: 99% (Physical)
Acreage: 7.35
Room for Expansion: 28 Non-Climate Controlled Units to Be Delivered at C/O
Highlights:

  • In-Place Cap Rate of 6.6%
  • Year One Cash on Cash Return Exceeds 12%

Property: Sunny’s Self Storage
Location: West Houston, TX
Brokers and Brokerage: Ryan DeGennaro of NAI Partners
NRSF: 93,455
Unit Count: 622
Acreage: 2.5

Property: Five Acres of Commercial Land
Location: Glendale, AZ
Brokers and Brokerage: Jeff Gorden of Argus Self Storage Advisors/The Gorden Group

Property: Storage in Stowe
Location: Stowe, VT
Brokerage: The Hatcher Group of Marcus & Millichap
NRSF: 37,674
Unit Count:269
Occupancy: 100%

Property: A-Z at the Fork
Sale Price: $900,000
Location: Paw Paw, MI
Brokers and Brokerage: Sean Delaney and Steve Chaben of Marcus & Millichap

Property: Extra Space Storage
Sale Price: $22.1 Million
Seller: Nuvo Development
Location: Margate, FL
NRSF: 101,300 + Adjoining Parking Lot

Property: Posen Storage
Location: Posen, II
Unit Count: 535
Brokers and Brokerage: Dan Lynch of the Self Storage Group for Colliers International

Property: All Valley Mini Storage
Location: Sedro-Valley, WA
Broker and Brokerage: Christopher Secreto of Marcus & Millichap
NRSF: 74,989
Unit Count: 473
Acreage: 5.0
Year Built/Expanded: 2004/2018

Property: Extra Space Storage (Managed)
Location: Schaumburg, IL
Brokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway
NRSF: 73,605
Unit Count: 713
Highlights:

  • Located in Chicago, IL MSA
  • Strong Leasing Velocity and Rent Growth

Property: Alamance Self Storage
Location: Elon, NC
Brokers and Brokerage: Cameron Vale and Andrew Plunkett of Berkshire Hathaway
NRSF: 39,674
Unit Count: 63
Room for Expansion: Yes
Highlights:

  • Located in Burlington, NC MSA
  • Fully Occupied
  • Sold Above Listing Price

Portfolio: Woodlands Portfolio
Location: Houston, TX
Buyer: Andover Properties
NRSF: 189,350
Unit Count: 730
Highlights:

  • RV Parking, Climate-Controlled and Drive-Up Units as well as Open Parking
  • High Population Growth and Housing Development Activity
  • Strong Median Household Incomes
  • High Historical Occupancy

Property: Gulf Freeway Self Storage
Location: Houston, TX
Buyer: Andover Properties
NRSF: 62,600
Unit Count: 615
Year Opened: 2020
Highlights:

  • Located on Gulf Freeway I-45 with Traffic Count of Over 225,000 Vehicles per Day
  • Growing Population

Property: CubeSmart Self Storage (Managed)
Location: Harrisburg, PA
Buyer: Rosewood Property Co.
NRSF: 35,430
Unit Count: 342
Year Opened: 2019

Property: CubeSmart Self Storage (Managed)
Location: Fishers, IN
Buyer: StorageMart

Property: CubeSmart Self Storage (Managed)
Location: Lexington, SC
Brokers and Brokerage: Dale C. Eisenman of Midcoast Properties
NRSF: 55,500
Unit Count: 402 Climate Controlled
Year Opened: 2019
Highlights:

  • Located in Columbia, SC MSA
  • $4.5 Million Development Loan Financed by South State Bank in 2018
  • Four-Story Building
  • One of Seven Facilities within Three Miles
  • Only Facility Opened within the Past Year

Property: NYC Industrial Property
Sale Price: $19 Million
Location: Staten Island, New York City, NY
Buyer: Simi Capital in Partnership with Cerberus Capital Management
Acreage: 6.0+
Highlights:

  • Optimally Situated One Mile from Goethals Bridge
  • Traditional Storage Will Be Converted to Outdoor Storage

Property: West Alameda Self Storage
Location: Lakewood, CO
Buyer: SmartStop Self Storage
NRSF: 87,000
Unit Count: 769
Highlights:

  • Located in Denver, CO MSA
  • Visibility from West Alameda Parkway
  • Undersupplied Market
  • Amenities Including Gated Drive-In Loading Area, State-of-the-Art Security Systems, Keypad Access and Large Truck Accessibility

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