Author: Alison DeJaeger

Recent Closings: 1.4.22 – 1.10.22

Property: Store Here Self Storage Location: Chesapeake, VA Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 55,843 Unit Count: 450 Climate Controlled Units, Nine Suites and 23 Outdoor Parking Spaces Year Built: 2018 Occupancy: 95% (Physical) Highlights: Multiple Competitive Offers List to Close in Just Over Three Months Newly Built, Three-Story, Class-A Facility Great Visibility & Street Frontage Along Taylor Road High Daily Traffic Counts: 22,000 Cars/Day Densely Populated Area: 122,941 People Living Within a Five Mile Radius –…

The Colliers Self Storage Group Sells Eight-Property Portfolio

The Colliers Self Storage Group is pleased to announce the sale of the Boardwalk Storage Portfolio.  The portfolio consists of eight properties with two locations in Chattanooga, four locations in the greater Macon area and two locations in Dahlonega.  The portfolio offered a substantial footprint of square footage within close driving distance. Storagemaster, Inc and Boardwalk Development Group sold the portfolio to Spartan Investment Group for $45,000,000 ($121.34 PSF).  The Boardwalk Storage Portfolio has a combined parcel size of approximately 54.13 acres.  The portfolio offers tenants 370,863 rentable square feet with 2,818…

New Management for Conway, AR Self Storage Facility

Local acquisition of All Secure Mini Storage is bringing professional self storage management to the city of Conway. Ownership group organized by Absolute Storage Investment of Memphis; TN purchased this facility for an undisclosed price using First National Bank & Trust as the project’s lender. All Secure Mini Storage will be rebranded to Absolute Storage of Conway. Absolute Storage of Conway provides climate-controlled storage to the local communities in west Conway. Absolute Storage of Conway is comprised of 458 units totaling 62,030 rentable square feet. New owners have contracted with…

Investor Plans Apartments with Self Storage at 200K NRSF Complex

Trojan Storage is planning to include 27 residential units in a 200,000-square-foot development anchored by a self storage facility at 13260 West Maclay Street in the San Fernando Valley district of Sylmar, according to a report from Urbanize, citing city planning documents. Plans call for the storage units to be surrounded by a mix of one-bedroom and two-bedroom apartments, all set to be market-rate. The complex will also include 78 parking spaces. Self storage would take up around 150,000 square feet of space at the new complex, which is set…

Talonvest Arranges $112 Million Self Storage Loans

Talonvest has helped structure a total of $111.5 million in permanent financing on behalf of several self storage clients. The firm has arranged four separate loans for a six-property portfolio and three additional facilities in Chicago, Texas and Illinois. The William Warren Co. has closed on the largest financing deal, amounting to $60 million for a collection of six properties in California, Texas and Nevada. The seven-year loan has five years of interest only payments. The assets total 542,483 net rentable square feet and include a 73,128-square-foot facility at 2340…

Maumee Passes Moratorium on New Storage Facilities

During a special meeting Thursday, Maumee City Council passed a temporary moratorium on mini-warehouse facilities in the city, halting the approval of any permits, plans and applications for new construction. Jerry Sawicki, co-owner of a property that was planned to be sold and developed for the expansion of a self storage business, said the passage of the moratorium was underhanded and nontransparent. “It’s unconscionable to spring this,” he said. “It’s wrong to deny us what is otherwise a permitted use under their own zoning code.” The property that Mr. Sawicki co-owns…

New Apple Self Storage Facility Now Open in Leamington

Apple Self Storage opens a new self storage facility in Leamington, Ontario. Apple Self Storage-Leamington is a newly built facility conveniently located in the Leamington Medical Village at 197 Talbot St. W., Unit 500, Leamington, ON. The brand new construction was purposefully built to provide residents in the area with a state-of-the-art self storage experience. This new Apple Self Storage location offers 40,000 square feet of indoor, ground-floor self storage space with unit sizes ranging from 5’x5′ to 10’ x 25’ and an indoor loading bay to keep you warm and your…

Recent Closings: 12.21.21 – 1.3.22

Property: U-Stor-It Managed Facility Closing Price: $34M Location: San Diego, CA Buyer: Buchanan Street Partners Unit Count: 1,200 Year Built/Updated: 2003/2020 Source Portfolio: Five Properties in Indiana, Kentucky and Michigan Buyer: Pogoda Companies NRSF: 39,918 Unit Count: 2,819 Source Property: United Township Self Storage Location: East Moline, IL Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors Unit Count: 216 NRSF: 29,950 (6,850 Climate Controlled and 23,100 Standard Drive Up) Property: Amwell Valley Self Storage Location: Ringoes, NJ Brokers and…

National Storage Affiliates Trust Celebrates 1,000 Store Milestone

National Storage Affiliates Trust (“NSA”) (NYSE: NSA), today announced it has surpassed the 1,000 store milestone. The company went public in 2015 with a portfolio of 246 stores and approximately 14 million rentable square feet across 16 states. Since then, NSA has more than quadrupled its store count and rentable square feet, while diversifying its presence across 40 states and Puerto Rico. Year-to-date 2021, the company has acquired over 190 stores totaling approximately $1.7 billion, bringing the total portfolio count to over 1,000 stores comprising approximately 65 million rentable square…

Bernardston Planning Board to Consider Proposed Construction of Ten Self Storage Buildings

The Planning Board will consider a Las Vegas-based company’s proposal to construct 10 self storage buildings on two Northfield Road lots during a public hearing on Thursday. The hearing will begin at 6 p.m. in Town Hall. Pending approval of a special permit from the Planning Board, Patriot Holdings LLC plans to build 10 metal self storage buildings at 107 and 111 Northfield Road (Route 10). According to Planning Board Chair Christina Slocum-Wysk, the lots are between the Dollar General store and The Heirloom Collective marijuana grow facility in the…