Author: Alison DeJaeger

Talonvest Closes $80.5 Million of Bridge Financing for NY Portfolio

Talonvest Capital, Inc. and its longstanding clients, Clark Investment Group, Metro Storage LLC, and Goodfriend Self-Storage, have successfully closed another bridge loan together. This recent financing was a $27,387,000 bridge loan for a class A self storage facility located at 2727 Knapp Street in Brooklyn, NY. In a related assignment, Talonvest successfully negotiated $53,155,000 of bridge financing for Clark and Goodfriend secured by three additional state-of-the-art storage properties located at 1320 Zerega Avenue in the Bronx, 316 W. First Street in Mt. Vernon, and 175 Huguenot Street in New Rochelle,…

StorQuest Expands Phoenix Self Storage Footprint

The William Warren Group has completed a new 52,332 square-foot self storage facility, under its StorQuest brand, in Phoenix. Farmers and Merchants Bank of Long Beach provided $3.9 million in construction financing in 2020. Completed in January of this year, the property encompasses eight single-story buildings, spread across 3.2 acres, offering climate-controlled units, ranging from 25 to 300 square feet. Most of the units also offer drive-up access. Other facilities include 24/7 storage access and a virtual rental center. Located at 3750 S. 51st Ave., the newly-developed asset is one…

Aries Capital Closes $19.875 Million Loan for Wine Self Storage Facility in Sonoma

Aries Capital is pleased to announce that the firm’s Director of Capital Markets, Brandon Perdeck, has arranged a $19.875 million, interest-only loan for a 54,000-square-foot, climate-controlled wine and self storage facility, Vineburg Wine and Self Storage, in Sonoma, California. “The borrower was seeking to refinance an existing construction loan, as well as to finance a second phase of the project,” said Perdeck. “Given the property’s broad wine storage offerings and current waitlists for storage unit availability locally, we were able to source a qualified lender through our network and arrange…

Recent Closings: 2.1.22 – 2.7.22

Property: New Build Closing Price: $18.51 Million Location: Margate, FL Buyer: Andover Properties Seller: 3L Capital NRSF: 133,872 Acreage: 2.6 Property: SafelyStor Location: Weare, NH Brokers and Brokerage: Nathan Coe, Gabriel Coe, Luke Dawley and Brett Hatcher of the Hatcher Group of Marcus & Millichap NRSF: 35,900 Unit Count: 246 Non-Climate Controlled Units and 60 RV Parking Spaces Room for Expansion: Yes, Three Buildings Totaling 12,000 SF Highlights: Multiple Competitive Offers Closed at List Price List to Close In 75 Days Newly Built, Class A Self Storage Facility Great Visibility…

Featured Broker: Adam Schlosser

Adam Schlosser leads a team of highly qualified professionals focused on the sale, acquisition, financing, research and advisory services of self storage assets throughout the United States. In a little over a decade, Mr. Schlosser has been directly involved in the successful completion of over 300 self storage transactions, totaling over four billion in dollar volume. Mr. Schlosser believes a legacy of building strong client relationships and a career dedicated to a specialized niche are the cornerstones to success allowing him and his team to deliver unmatched advisory services. Through…

North Las Vegas, NV

Click Here to View Market Information Using the Market Discovery Data Tool from StorTrack Explorer, we were able to review data on North Las Vegas, a city in Clark County, NV. Rates have been trending upwards by nearly 22% over the past year and current supply is 7.7 square feet per capita. To view additional metrics, visit the link labeled “Click Here to View Market Information” or go to StorTrack.com to purchase historical data.

Northmarq Arranges $8M Refi for Tampa Storage Asset

Northmarq has secured $8 million in refinancing for a 90,522-square-foot Extra Space Storage managed facility in Pinellas Park, Fla. Tampa-based Senior Vice President & Managing Director Robert Hernandez arranged the 10-year fixed-rate loan, with an interest rate of 2.8 percent and a 30-year amortization period. Completed in two phases, in 1986 and 2000, the asset comprises 904 climate- and non-climate controlled units, ranging from 20 to 600 square feet. The facility includes outdoor RV and boat slips, security cameras and parking spots. At the time of the transaction, the property was…

Storage Property Recognized as Best in State

Local real estate development company, Woodruff Real Estate Services, LLC, has built a self storage facility on a 2.6-acre parcel in Midland, GA. Woodruff Storage of Lakeside opened on May 17, 2021, with the project being completed ahead of schedule. The three-story building provides over 100,800 square feet. Which offers 554 climate-controlled units to the community of the Lakeside Village Apartments and its neighbors in the Columbus/Midland area. Woodruff Storage at Lakeside Village is located at 6950 Ruffie Way, just off the intersection of J R Allen Parkway and Manchester…

Recent Closings: 1.25.22 – 1.31.22

Portfolio: Tuscaloosa Two-Property Storage Portfolio Location: Tuscaloosa, AL Brokers and Brokerage: James Ashley Compton of Colliers International NRSF: 50,354 Unit Count: 524 Acreage: 7.95 Property: Voyageur Storage Location: Motley, MN Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors NRSF: 5,360 + 4,334 SF Three-Unit Rental Home Unit Count: 30 Property: Renton, WA Storage Facility Closing Pricee: $16.3 Million Location: Renton, WA Sellers: Urban Self Storage Portfolio: CubeSmart (Managed) Two-Property Portfolio Location: Atlanta, GA MSA Brokers and Brokerage: Ian Lindahl…

Featured Brokers: Tom Flannigan, Alex Ihrke and Matt Haugen

Tom Flannigan, Alex Ihrke and Matt Haugen are Argus Self Storage Advisors Broker affiliates covering MN, ND and IA. Tom Flannigan is the director of investment services with KW Commercial in Minneapolis, MN. He has been involved with commercial real estate since 2012 and has established himself as an expert in self storage. Tom has a bachelor’s degree from the University of Minnesota Duluth in economics and financial markets finance and is licensed to sell real estate in Minnesota and North Dakota. A lifetime resident of Minnesota, Tom has an…