Recent Transactions: 9.27.2022 – 10.03.2022

Property: Stuff Hotel Location: El Paso, TX Brokers and Brokerage: Jon Danklefs of Marcus & Millichap NRSF: 48,753 Unit Count: 424 (six-building facility with units ranging from 25 square feet to warehouse spaces) Amenities: Video surveillance Gated access Boxes and supplies Drive up access Parking On-site management Property: Climate Storage Location: Lawrence, KS Brokers and Brokerage: Robert Cook and Sean Delaney of Marcus & Millichap NRSF: 14,025 Expansion: Yes Unit Count: 214 climate-controlled units Property: CubeSmart-managed self storage facility Location: Swansea, MA Brokers and Brokerage: Thomas Palumbo and Bill Sitar…

Recent Transactions 9.13.2022 – 9.20.2022

Portfolio: Seven Self Storage Facilities across Canada Closing Price: $51.6 Million Location: British Columbia, including Vancouver Island, BC, Edmonton, AB, Calgary, AB, Kitchener, ON and Mississauga, ON Buyer: Make Space Capital Partners NRSF: 450,000 Unit Count: 3,800 Property: Killian Hill Storage Closing Price: $8.9 Million Location: Lilburn, GA Broker and Brokerage: Dale C. Eisenman, CCIM of Midcoast Properties, Inc. NRSF: 27,970 +/- Unit Count: 200 Occupancy: 90% Property: Lowery’s True Value Storage Closing Price: $7.75 Million Location: Bushnell, FL Brokers and Brokerage: Christopher Travis and Hunter Robey of Marcus &…

Extra Space Storage Inc. Acquires Storage Express and Appoints Jefferson Shreve to Its Board of Directors

Extra Space Storage Inc. and its subsidiaries (Extra Space) ( NYSE: EXR) announced today that it has completed the acquisition of multiple entities doing business as Storage Express, which own 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky. The acquisition includes all Storage Express assets, including trademarks, contracts, licenses, intellectual property and 14 future development sites. Total consideration for the acquisition was approximately $590.0 million. The company also purchased E-Tracker, a storage software operating platform, which supports Storage Express locations, as well as Bargold Storage Systems, LLC, which…

TPG Real Estate and Value Store It Announce Self Storage Partnership

TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset management firm TPG and Value Store It, a best-in-class self storage owner and operator, today announced the recapitalization of a portfolio in the Value Store It platform. The new partnership will seek to acquire high-quality self storage assets in Florida. Value Store It currently owns and operates over 1.8 million square feet of net rentable storage space in South Florida, Tampa, Orlando, the Florida Space Coast, and Boston. The company prides itself on providing…

Make Space Capital Partners Completes the Acquisition of Seven New Storage Investments

Make Space Capital Partners is pleased to announce that it has completed a $51.6 million acquisition of seven storage investments from related party vendors. The storage investments are located from British Columbia to Ontario, including Vancouver Island, BC, Edmonton, AB, Calgary, AB, Kitchener, ON and Mississauga, ON. The addition of these assets validates the incredible work our team has done to create value in the fund for both present and future inventors.” The acquisition of these assets adds over 3,800 units and over 450,000 square feet of net rentable space…

Recent Transactions: 9.06.22 – 9.12.22

Properties: Two Extra Space Storage Managed Facilities Closing Price: $23.6 Million Locations: Mooresville and Salisbury, NC Brokers and Brokerage: Morgan Windbiel of CBRE Acreage: 2.06 NRSF: 136,994 Unit Count: 1,385 Property: Go Store It Self Storage Location: Coral Gables, FL Buyer: SecureSpace Self Storage NRSF: 78,094 Unit Count: 1,070 Year Completed: 2019 Property: VIP Self Storage Location: El Cajon, CA Brokers and Brokerage: Keith Phillips and Charles “Chico” LeClaire of the LeClaire Schlosser Group of Marcus & Millichap NRSF: 23,620 Unit Count: 376 Non-Climate Controlled Property: Clinton Self Storage Location:…

Recent Transactions: 8.23.2022 – 8.29.2022

Portfolio: Two Auburn Self Storage Facilities Closing Price: $21 Million Location: Auburn, CA Broker and Brokerage: Morgan Windbiel of CBRE Buyer: Merit Hill Capital Unit Count: 938 Property: Weekender Storage Closing Price: $8.9 Million Location: Woodland, WA Broker and Brokerage: Christopher R. Secreto of Marcus & Millichap NRSF: 99,316 Unit Count: 245 Occupancy: 99% Properties: Two Self Storage Facilities Closing Price: $32.5 Million Location: Palm Beach County, FL Buyer: State Storage Group Property: Snohomish, WA Self Storage Facility Closing Price: $24.5 Million Location: Snohomish, WA Buyer: Cairn West NRSF: 104,672…

Recent Transactions: 8.16.2022 – 8.23.2022

Portfolio: Self Storage Portfolio of 11 Properties Locations: San Francisco, CA Bay Area, Portland, OR and Austin, TX Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets Seller: Pegasus Buyer: SecureSpace Self Storage NRSF: 650,000 Unit Count: 6,550 Portfolio: Extra Space Managed Two-Property Portfolio Closing Price: $23.6 Million Locations: Salisbury and Mooresville, NC Broker and Brokerage: Morgan Windbiel of CBRE’s Self Storage Advisory Group Seller: Lakeland Village NRSF: 136,994 Unit Count: 1385 Property: MAX Storage Closing Price: $26.95 Million Location: Hurricane, UT Broker…

Recent Transactions: 8.9.2022 – 8.15.2022

Property: U-Haul Closing Price: $18 Million Location: East Wenatchee, WA Broker and Brokerage: Christopher Secreto of Marcus & Millichap Property: KO Storage Closing Price: $4.39 Million Location: Rochester, MN Buyer: Storage Rentals of America Seller: KO Storage NRSF: 52,500 Unit Count: 332 Property: KO Storage Closing Price: $2.1 Million Location: Austin, TX Buyer: Storage Rentals of America Seller: KO Storage Property: U-Stor-It Location: Crete, IL Brokers and Brokerage: Jeffrey L. Herrmann and Sean M. Delaney of Marcus & Millichap NRSF: 30,860 Room for Expansion: Yes, 34,000 NRSF Occupancy: 91% Property:…