Property: Morganton Development Site
Location: Morganton, NC
Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street – Commercial Real Estate & Insurance Brokerage
Acreage: 2.13 Acres
NRSF: 24,750
Pro Forma NOI: $212,859
Parcel Number: 31678; 0031680
Highlights:
- Site is approved for non-climate self storage
- This site benefits from strong market rates that should continue to increase thanks to the presence of institutional competitors
- This site is strategically located just off US Highway 70 (Carbon City Rd) which sees 16,500 VPD
- 5-mile population of over 35,000 people
- Morganton is home to over 16,500 people and is experiencing a 0.218% increase in population growth year over year
- Morganton is strategically located between Charlotte (1.5 hours) and Asheville (1 hour)
- Adjacent bank building could also be purchased from the current seller to establish frontage on Carbon City Rd
- The bank building could be used as an office and currently has an established U-Haul business running out of it
Property: Jackrabbit Storage
Location: Forney, TX
Brokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quaschnick of the Karr-Cunningham Storage Team of Marcus & Millichap
NRSF: 77,338
Highlights:
- Attractive seller-financing available
- Located in the third fastest growing county in the US
- Numerous residential and commercial developments underway in submarket
- Perimeter fencing and lighting
- On-site manager’s residence
- Garage style roll-up doors
- 24-hours video surveillance cameras
- Opportunity for expansion
Property: Class – A Alabama Self Storage Facility
Location: Elberta, AL
Closing Price: $1.9 Million
Seller: A-Affordable Boat & RV Storage
Brokers and Brokerage: Stuart P. LaGroue and Bill Barnhill of Argus Self Storage Advisors
Acreage: 16.14 Acres
NRSF: 19,800
Unit Count: 98 climate-control units and 37 open Boat and RV parking spaces
Property: B&C Storage
Location: Auburn, NY
Year Built: 1980
Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett R. Hatcher and Gabriel Coe of the Hatcher Coe Group of Marcus & Millichap
Acreage: 2.84 Acres (additional 0.34 acre of expandable land)
NRSF: 24,094
Unit Count: 219 non-climate-controlled units
Portfolio: Two Class “A” Facilities
Locations: Venice and Naples, FL
Buyer: York RE Capital Partners
Seller: The Simpson Organization (TSO)
Brokers and Brokerage: David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman & Co.
Unit Count: 774 units (Venice) and 896 units (Naples)
Highlights:
- Surrounded by high-income housing
- Located in thriving retail areas in cities
- Strong population growth
- Venice property (2966 Executive Drive): was extensively leased within weeks of opening
- Naples facility (5135 Tamiami Trail): surrounded by densely populated housing communities
- Offer a wide mix of unit sizes and types
- Feature air conditioning
- State-of-the-art technical equipment
- Attractive architectural design
Property: Class A Self Storage Facility
Location: Martinsburg, West VA
Buyer: Arcland Property Company
Square Feet: 105,000
Unit Count: 675 units
Highlights:
- The facility will be managed by Self Storage Plus
- The development consists of six buildings
- Climate-controlled space
- An array of security measures
- Convenience of ground-level access
- Staffed 7-days a week
Property: Fairburn 85 Self Storage
Location: Fairburn, GA
Closing Price: $20.2 Million
Buyer: Amsdell Cos.
Seller: Coro Realty, in a joint venture with DG Partners
Broker and Brokerage: Luke Elliott of the Self Storage Advisory Group of Cushman & Wakefield.
Acreage: 2.7 acres
Square Feet: 114,000
Unit Count: 800 climate-controlled units
Highlights:
- Operated under the Extra Space Storage brand
- Encompasses a three-story building
- Two additional buildings for vehicles and similar storage
- Video surveillance
- Elevator access
- Contactless renting
- Drive-up access
Property: Smith’s Rentals
Location: Vincennes, IN
Buyer: Lighthouse Storage
Seller: Tom and Kandi Smith
Property: Lafayette Parkway Self Storage
Location: LaGrange, GA
Buyer: Spartan Investment Group LLC
NRSF: 80,000
Unit Count: 469 units
Property: Iron Storage
Location: Watseka, IL
Buyer: Just Simple Storage
Seller: Pebble Ridge Capital
Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street
NRSF: 12,600
Unit Count: 104 units
Property: Heartland Drive Self Storage (four-story building)
Location: Kernersville, NC
Closing Price: $12.8 Million
Buyer: Heartland Storage Partners
Broker and Brokerage: Michael Morrison of Midcoast Properties Inc.
Acreage: 2.1 acres
NRSF: 68,219
Unit Count: 557 units
Property: U-Stor-It
Location: Lansing, MI
Buyer: U-Haul International Inc.
Unit Count: 385 units
Property: Lost River Storage LLC
Location: Bowling Green, KY
Buyer: U-Haul International Inc.
Acreage: 5 acres
Unit Count: 673 units
Property: CubeSmart Facility
Location: Des Moines, IA
Buyer: U-Haul International Inc.
Acreage: 8.89 acres
Unit Count: 668 units
Portfolio: ASAP Storage Portfolio
Locations: Temple and Villa Rica, GA
Buyer: 10 Federal Storage LLC
Acreage: 15 acres (room for expansion)
NRSF: 96,000
Unit Count: 664 units and 70 vehicle-storage spaces
