Recent Closings: 5.3.2022 – 5.9.2022

Property: CubeSmart Self Storage (Managed)
Closing Price: $8.505 Million
Location: Chattanooga, TN

Buyer: York Pc Chtn1 LLC.
Seller: Chattanooga Storage LLC.

Property: CubeSmart Self Storage (Managed)
Closing Price: $4.672 Million
Location: Chattanooga, TN

Buyer: York Pc Chtn1 LLC.
Seller: Dyersburg Self Storage Fund LLC.

Property: Storage Star
Location: Federal Way, WA
Brokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of the Hatcher-Coe Group of Marcus & Millichap

Buyer: SecureSpace
NRSF: 92,244
Unit Count: 803 Non-Climate Controlled Units and 15 Outdoor Parking Spaces
Building Count: Eight
Highlights:

  • Below Market Rents
  • Quickly Expanding Market
  • Dense Surrounding Population: 224,540 People Living within a Five-Mile Radius – Represents a 24% Increase Since 2000
  • Affluent Market: Average Household Income within Three and Five Miles Is Well Above the National Average
Property: Extra Space Storage (Managed)
Location: Pensacola, FL
Brokers and Brokerage: Nathan Coe, Meir Permuter, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 59,965
Unit Count: 475 Climate Controlled Units, 69 Non-Climate Controlled Units and 115 Parking Spaces
Room for Expansion: Yes
Highlights:

  • Brand New Class A Self Storage Facility
  • Opened February 2021
  • Very Fast Lease Up
  • Tremendous Accessibility and Visibility Along Nine Mile Road
  • High Daily Traffic Counts: 24,500 Cars/Day
  • Rapidly Growing Market: Five Mile Population has Increased by Over 32% Since 2000
  • Surrounded by National Retail Brands
  • Sold in Conjuncture with SVN Southland Commercial Real Estate
Property: Sorrento Self Storage Facility
Location: Sorrento, FL
Buyer: Andover Properties

NRSF: 34,000

Portfolio: Storage Center Two-Property Portfolio
Location: Tallahassee, FL
Buyer: Andover Properties

NRSF: 182,000
Unit Count: 1,337

Property: The Storage Depot
Location: North Haven, CT
Brokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway

NRSF: 33,260
Unit Count: 310

Property: Ballpark Self Storage
Location: Adelanto, CA
Brokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap

NRSF: 55,000
Unit Count: 376

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