Property: Ace Storage
Location: Billings, MT
Year Built: 1993
Brokers and Brokerage: Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors
Acreage: 1.73 Acres
NRSF: 33,600
Unit Count: 201 units
Occupancy: 99%
Vehicles Per Day: 11,600
Highlights:
- The subject property offers 3 buildings of well-maintained self-storage options
- The buyer will have the opportunity to increase revenue by implementing a tenant insurance program
- Capability to raise rental rates 23 percent to meet the market level
- No planned or new self storage construction in the five-mile radius
- Direct view of the facility off the hilltop road
- High population growth of 1.19% in the one-mile radius
- Fully-stabilized asset
Portfolio: Western Michigan 12 Property Portfolio
Locations: Muskegon, Fruitport, Spring Lake, Kent City and West Olive, MI
Buyer: Prestige Storage (in partnership with Peaceable Street Capital)
Square Feet: 490,302 (combined)
Unit Count: 2,956 non-climate-controlled and climate-controlled units + 100 outdoor parking spaces for boats, RVs and trucks
Property: Lafayette Parkway Self Storage
Location: LaGrange, GA
Buyer: Spartan Investment Group
NRSF: 80,000
Unit Count: 469 units
Highlights:
- Will operate as FreeUp Storage LaGrange
- The site includes 16 buildings
Property: Self Storage Facility
Location: Chapel Hill, NC
Buyer: Rosewood Property Co.
NRSF: 76,501
Unit Count: 751 climate-controlled units and 67 wine storage units
Highlights:
- Extra Space Storage will continue to manage the site
- Has multiple stories
Property: Harbour View Self Storage
Location: Chesapeake, VA
Year Built: 2003
Brokers and Brokerage: Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors
Acreage: 6.55 Acres
NRSF: 72,040
Unit Count: 454 (ability to add 40 parking spaces)
Population Growth: 45 % (three-mile radius)
Household Income: $85,481 (three-mile radius)
Vehicles Per Day: 90,000 (along Hampton Roads beltway and Pughsville Road
Highlights:
- Opportunity to acquire a class-A facility in the growing market of Chesapeake, Virginia
- Pre-approval letter from the city for expansion potential
- Ability to increase rates by 38 % to reach market levels
- Virginia beach-Norfolk-Newport news MSA has the largest concentration of military personnel outside of the pentagon, with over 89,600 active-duty military members
Property: Serious Storage
Location: West End, NC
Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 15,550
Property: Watseka Storage
Location: Watseka, IL
Year Built: 2002
Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street
Acreage: 1.07 Acres
NRSF: 12,600
Unit Count: 104 non-climate units
Occupancy: 95%
Highlights:
- Significant rent raises are scheduled to go into place November 1st, which will increase the monthly income by over $2,500
- Competitors within the trade area are all mom-and pop managed and are over 95% physical occupancy
- Watseka has a population of over 4,900 people and is located 2 hours outside of Chicago
- The Chicago MSA is the third largest in the country with over 9.5 million people
Property: Monte Vista Mini Storage
Location: Turlock, CA
Brokers and Brokerage: Tasso Douglas, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 94,000
Unit Count: 577 non-climate-controlled units and 23 parking spaces
Occupancy: 93%
Highlights:
- Modesto MSA, class A self storage facility
- Located under a mile from California State University, Stanislaus
- Dense & growing surrounding population: 92,692 people living within a five mile radius
- Population has increased by over 24.7% since the year 2000
