Recent Closings: 12.14.21 – 12.20.21

Property: NRI Self Storage
Location: Smithfield, RI
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 58,100
Unit Count: 293 Non-Climate Controlled Units, 147 Climate Controlled Units and 117 Parking Spaces
Occupancy: 96% (Physical)
Highlights:

  • Providence, Rhode Island MSA Stabilized Self Storage Facility
  • Multiple Offers Above List Price
  • Closed Above List Price
  • Below Market Rents
  • Great Location and Visibility | High Traffic Counts and Visible from Route 295
  • 13,300 Cars/Day Off Washington Hwy | 61,300 Cars/Day off Route 295
  • Undersaturated Storage Market: No Other Competitors within Three Miles | Only Two Other Sites within Five Miles
  • 3.22 NRSF of Storage Per Capita within Five Miles | Well Below National Average
  • Affluent Market: Average Household Income of $126,683 of People Within One Mile
  • Average Household Income Well Above National Average within a One, Three, and Five Mile Radius
  • Dense and Growing Population Base

Property: Hanover Mini Storage
Location: Hanover, PA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 18,750
Unit Count: 140 Non-Climate Controlled Units
Occupancy: 98% (Physical)
Year Opened: 2019
Highlights:

  • Newly Built Self Storage Facility
  • Surrounded by National Retail Brands
  • Located 0.45 Miles from Pennsylvania State Route 116
  • Growing Surrounding Population: 19.4% Increase Since the Year 2000

Property: Crescenta Valley Mini Storage
Location: La Crescenta, CA
Brokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of The Hatcher Group of Marcus & Millichap
NRSF: 55,025
Unit Count: 578 Non-Climate Controlled Units
Occupancy: 99% (Physical)
Highlights:

  • Los Angeles MSA Self Storage Facility
  • Individual Door Alarms
  • Undersaturated Self Storage Market: 4.974 NRSF Per Capita within a Three-Mile Radius; 3.056 NRSF Per Capita within a Five-Mile Radius
  • Extremely Dense Population of 228,560 People within a Five-Mile Radius
  • Average Household Income within One, Three, and Five Miles Is Well Above the National Average | Average Household Income is $130,572 within a Five-Mile Radius

Property: Public Storage (Managed)
Closing Price: $27.5 Million
Location: Stoneham, MA
Seller: Jumbo Capital
Buyer: Baranof Holdings
NRSF: 90,000
Unit Count: 1,025 Climate-Controlled Units
Occupancy: 50%

Property: High Springs RV/Boat Storage Lease Up and Development Property
Location: High Springs, FL
Brokers and Brokerage: Josh Koerner of Weaver Realty, Argus Self Storage Advisors
Acreage: 8.13
Unit Count: 36
Room for Expansion: 50,000 NRSF Approved

Property: Pensacola Conversion Opportunity
Location: Pensacola, FL
Brokers and Brokerage: Josh Koerner and Frost Weaver of Weaver Realty, Argus Self Storage Advisors
Acreage: 4.0
Unit Count: 164 Boat and RV
GSF: 82,145

Property: Self Storage Development Site
Location: West Palm Beach, FL
Brokers and Brokerage: Josh Koerner and Frost Weaver of Weaver Realty, Argus Self Storage Advisors
Acreage: 1.309
Unit Count: 164 Boat and RV
NRSF: 97,032 (Zoned)

Property: Hanes Storage
Location: Flagstaff, AZ
Brokers and Brokerage: Jeff Gorden of KW Commercial, Argus Self Storage Advisors
NRSF: 72,200
Acreage: 4.0
Unit Count: 399

Property: US Storage Centers (Managed)
Location: Richmond, TX
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 85,215
Unit Count: 100 Drive Up Non-Climate Controlled Units, 641 Climate Controlled Units and 11 Covered Parking Spaces
Acreage: 3.32
Year Built: 2018
Highlights:

  • Multiple Gated Entrances with Digital Keypad Access
  • Spacious On-Site Management Office
  • Video Surveillance throughout the Facility
  • Hallway Lights with Motion Sensors
  • Concrete Driveways
  • Dense Population of 92,000 within a Three-Mile Radius
  • Average Household Income of Nearly $150,000

Property: Extra Space Storage (Managed)
Location: Windsor Mill, MD
Brokers and Brokerage: Ian Lindahl and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 103,467
Highlights:

  • Class A Facility
  • Trade Area Has 105,000 People in 42,000 Households
  • Median Household Income of $67,000

Property: Right Move Storage
Location: Texas City, TX
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 67,455
Unit Count: 545 Climate Controlled Units
Room for Expansion: 500 Feet
Acreage: 3.0
Year Built: 2019
Highlights:

  • Personalized Keypad Access
  • On-Site Management Office
  • Video Surveillance throughout the Facility
  • Multiple Loading/Unloading Areas

Portfolio: Georgia Three-Property Self Storage Portfolio
Location: Atlanta-Sandy Springs-Alpharetta, GA MSA
Brokers and Brokerage: Zachary Urow and Ryan Clark of SkyView Advisors
NRSF: 219,613
Unit Count: 2,234

Property: Ellenton, FL Self Storage Development Opportunity
Location: Ellenton, FL
Brokers and Brokerage: Zachary Urow and Ryan Clark of SkyView Advisors
Acreage: 3.95

Property: Pensacola Self Storage
Location: Pensacola, FL
Brokers and Brokerage: Adam Schlosser (Seller) of the LeClaire-Schlosser Group of Marcus & Millichap and Monty Spencer (Buyer) of The Storage Acquisition Group
NRSF: 66,623

Property: L & D Self Storage
Location: Morrisville, NC
Brokers and Brokerage: David Zehendner and Ryan Clark of SkyView Advisors
NRSF: 48,568
Unit Count: 351

Property: Saint Cloud, FL Self Storage Facility
Closing Price: $10 Million
Location: Saint Cloud, FL
Buyer: Amsdell Cos.
NRSF: 62,330
Year Built: 2019

Property: Howell, MI Self Storage Facility
Location: Howell, MI
Buyer: Amsdell Cos.
Brokerage: The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 52,000
Unit Count: 408
Acreage: 4.5

Property: Planet Self Storage
Closing Price: $10.5 Million
Location: Mt Kisco, NY
Brokerage: Nick Malagisi and Hans Hardisty of SVN
NRSF: 32,500
Unit Count: 350
Occupancy: 92%

Property: Extra Space Storage
Closing Price: $16.03 Million
Location: Orlando, FL
Seller: Titan Properties
Buyer: Extra Space Storage
NRSF: 98,052
Acreage: 1.3

Portfolio: The Runnymede Three-Property Portfolio
Locations: Chesapeake, VA and NC’s Outer Banks
Buyer: Andover Properties
NRSF: 197,000
Unit Count: 1,465
Occupancy: 93%

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