From 6.23.21 – 6.30.21, the following transactions were recorded. Visit our “Recent Transactions” page to view more.
Property: Kutztown Self Storage
Location: Kutztown, PA
NRSF: 22,243
Broker and Brokerage: The Hatcher Group of Marcus & Millichap
Expansion Potential: Yes; approvals on 56,950 NRSF one mile away and awaiting permits
Occupancy: 97.9% (physical)/86.3% (economic)
Highlights:
- Two Eastern Pennsylvania stabilized self storage facilities 0.4 mile apart
- Upside through tenant insurance penetration
- Less than 0.5 mile from Kutztown University of Pennsylvania (roughly 8,300 students)
Property: Stowaway Storage
Location: Madison Heights, VA
NRSF: 39,775
Units: 306
Brokerage: Colliers International
Acreage: 11.04
Year Built: 1996
Occupancy: 96% (physical)
Expansion Potential: Yes
Highlights:
- Multiple offers
- Closed in 43 days
Property: Patuxent Self Storage
Location: Lexington Park, MD
NRSF: 32,190
Units:207
Brokerage: The Hatcher Group of Marcus & Millichap
Occupancy: 95% (physical)
Highlights:
- Multiple offers at and above listing price
- Capital improvements including new roofs, lighting and security
- Below market rents
- Traffic counts of 18,400 VPD
- Average household income of $101,197 within a five-mile radius
Property: Brunswick Self Storage
Location: Brunswick, MD
NRSF: 24,761
Units: 247
Brokerage: The Hatcher Group of Marcus & Millichap
Expansion Potential: Yes, 521-units throughout 43,725 square feet
Occupancy: 100% (physical)
Highlights:
- Multiple offers at and above listing price
- Phase II expansion came online in November 2019 and site is 100% full
- Located about 60 miles From Washington D.C., on the Potomac River and is home to a commuter rail station servicing D.C.
- Additional upside through implementation of tenant insurance program
- 2.90 NRSF/person within a five-mile radius
- Average household income of $143,143 within a five-mile radius
- Five-mile population has increased by nearly 50% since 2000
Property: Extra Space (Managed) Two-Facility Portfolio
Location: Dallas-Fort Worth MSA, TX
NRSF: 162,960
Units: 1,321
Brokerage: Karr Self Storage of Marcus & Millichap
Expansion Potential: Yes
Occupancy: 95% (physical)/65% (economic)
Highlights:
- Closed in less than 60 days
- Multiple offers leading to closing price higher than seller expectations
- Garage-style roll up doors
- Key pad gated entry
- Perimeter fencing and lighting
- 24-our surveillance cameras
Property: Tiger Drive Storage
Location: Thibodaux, LA
NRSF: 39,040
Units: 185
Brokerage: Berkshire Hathaway Storage Group
