Property: Driftwood Self Storage (Class A facility)
Location; Austin, TX
Address: 9900 Darden Hill Rd., Austin, Texas
Year Completed: 2021
Seller: The Jenkins Organization, Inc. (JLL represented the Seller)
Buyer: Platinum Storage Group. (JLL procured the Buyer)
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets
Acreage: 13.46 acres
Square Feet: 96,433
Unit Count: 482 units
Occupancy: 93.4%
Highlights:
- The facility is surrounded by new housing developments near the rapidly growing Highpointe and Driftwood neighbourhoods
- Driftwood Self Storage is the only self-storage facility in the three-mile trade area and there are currently no planned self-storage developments
- Climate controlled-units
- Drive-up units
- Covered parking and fully enclosed RV units
- Has smart unit technology, security lighting, 24/7 cameras and electronic gate access
Property: Storage Fit
Location: Garland, TX
Address: 3701 Dividend Drive, Garland, Texas
NRSF: 47,539
Unit Count: 140 drive-up units
Brokers and Brokerage: Danny Cunningham and Brandon Karr of The Karr-Cunningham Storage Team of Marcus & Millichap
Property: Self Storage of Winter Haven (Class A facility)
Location: Winter Haven, FL
Address: 4750 Lucerne Park Road, Winter Haven, Florida
Buyer: Public Storage
Brokers and Brokerage: Kondracke, Ryan Nee, Nathan Coe, Gabriel Coe and Brett Hatcher of The Karr-Cunningham Group of Marcus & Millichap
Acreage: 5.04 acres
NRSF: 83,000
Unit Count: 554 units (469 climate-controlled units and 85 non-climate-controlled units)
Property: RightSpace Storage
Location: Spanish Fork, UT
Year Constructed: 2001
Brokers and Brokerage: Charles “Chico” LeClaire, Adam Schlosser and Jordan Farrer of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 5.11 acres
Land for Expansion: 1.17 acresNRSF: 47,900
Unit Count: 364 units (313 outdoor drive-up units and 49 surface parking spaces)
Highlights:
- Contains four single-story self-storage buildings
- Gated entry with a digital keypad
- A free-standing house with a leasing office and onsite manager quarters in front of the entrance gate
- 24/7 video surveillance throughout the facility
- Asphalt driveways
- Units with metal roll-up doors
Portfolio: North Platte Storage Portfolio (Four Property Portfolio)
Location: North Platte, NE
Address: 3109 South Willow Street, 2020 East Philip Avenue, 2505 West Rodeo Road Avenue, and 214 North Lakeview Road in North Platte, NE
Closing Deal: $15.5 Million
Seller: Matthew Ackerman of ASONP LLC
Buyer: HAN Capital LLC
Broker and Brokerage: Mason Gates of Matthews Real Estate Investment Services
NRSF: 208,083
Unit Count: 1,142 units
Property: Citizen Storage
Location: Toledo, OH
Address: 60 N. Fearing Blvd., Toledo, Ohio
Brokers and Brokerage: Scott Rihm and Jesse Luke of EquiCap Commercial through ParaSell, Inc.
Highlights:
- Citizen Storage offers the buyers the advantage of a newly converted, state-of-the-art, drive through self-storage facility
Portfolio: Three Self-Storage Facilities
Locations: Bentonville, Rogers and Springdale, AR
Buyer: Spartan Investment Group
Loan by: Fayetteville-chartered Arvest Bank (five-year loan)
Loan amount: $13.56 Million
Unit Count: 1,890 units
NRSF: 323,780
Highlights:
- The 269-unit facility with 39,450 square feet of rentable space is at 3800 N.W. Frontage Road in Bentonville
- The 845-unit facility with 158,630 square feet of rentable space is at 2600 N. 24th St. in Rogers
- The 776-unit facility with 125,700 square feet of rentable space is at 4206 Elm Springs Road in Springdale
- Spartan will invest more than $1 million in the properties, including updates to security, signage and operational systems
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