Recent Transactions: 7.16.2024 – 7.22.2024

Property: North Side Mini Storage Location: Evansville, IN Address: 1020 E Mt Pleasant Rd, Evansville, IN 47725 Broker and Brokerage: Taylor Cahn of Storage Exchange Acreage: 1.94 acres NRSF: 29,056 Unit Count: 243 units (182 drive-up non-climate units, a newly built 46-unit climate-controlled building plus 15 outdoor parking spaces) Physical Occupancy: 91% VPD: 24,000 Vehicles Per Day Highlights: Apartment for the on-site manager 3.95 sq ft / capita (within a 3-mile radius) 5.93 sq ft / capita (within a 5-mile radius)     Property: Secure Storage Location: Clarklake, MI Address:…

Recent Transactions: 7.09.2024 – 7.15.2024

Property: A Plus Storage Location: Kingston, MA Buyer: Merit Hill Capital Broker and Brokerage: Brendan Carney of The de Jong | Becher Team of Colliers (represented the sellers) NRSF: 36,350 Unit Count: 303 units Contact: Tom de Jong (tom.dejong@colliers.com) and Jacob Becher (jacob.becher@colliers.com) – For more information on this transaction, pricing or to inquire about future self-storage acquisition and disposition opportunities   Property: Cal Self Storage Location: Hayward, CA Address: 26869 Mission Blvd, Hayward, California Seller: The Reeves Family Trust Buyer: Merit Hill Capital Brokerage: The de Jong | Becher…

Recent Transactions: 7.02.2024 – 7.08.2024

Property: Graham’s Storage Location: Kannapolis, NC Address: 2804-2806 N Cannon Blvd, Kannapolis, NC 28083 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street Acreage: 8.03 acres NRSF: 48,231 Unit Count: 357 units Seller Testimonial: “From listing to close, Frank and David provided us with exceptional service in the sale of our facility. Their extensive market knowledge, combined with years of industry experience, helped us navigate towards a successful close. In addition, their engagement at every stage of the process was exemplary. Having been in contact with their team…

Recent Transactions: 6.25.2024 – 7.01.2024

Portfolio: A+ Self Storage Portfolio (two-property self-storage portfolio) Location: Las Cruces, NM Address 1: 5000 N Sonoma Ranch Blvd, Las Cruces, NM 88012 Address 2: 8590 Bataan Memorial East, Las Cruces, NM 88011 Seller: John Curry Construction and Real Estate Buyer: Westport Properties and Heitman (JV) Brokers and Brokerage: Charles “Chico” LeClaire, Adam Schlosser and Ryan Sarbinoff of The LeClaire-Schlosser Group of Marcus & Millichap NRSF: 116,458 Unit Count: 823 units Highlights (Both Facilities): Perimeter fencing Video surveillance Digital gate access LED lighting Spacious leasing offices with security Retail displays…

Recent Transactions: 6.18.2024 – 6.24.2024

Property: Harrisonville Storage Location: Harrisonville, MO Seller: Harrisonville Storage, LLC Buyer: KO Storage Broker and Brokerage: Larry Goldman, CCIM of Argus Square Feet: 58,470 Unit Count: 482 units Economic Occupancy: 85%   Property: Storage King USA (Corpus Christi) Location: Corpus Christi, TX Seller: Andover Properties (Storage King USA) Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 41,848 Unit Count: 306 units   Property: Prosper Self Storage Location: McKinney, TX Address: 5903 N Custer Road, McKinney, Texas Brokers and Brokerage: Danny Cunningham and Brandon…

Leading Self Storage Investment Firm Prime Group Acquires Three Self Storage Portfolios Comprised of 30 Properties Across 10 States in the US

Prime Group Holdings, LLC (“Prime Group”), a vertically integrated private equity real estate firm based in Saratoga Springs, New York, announced the acquisition of 30 self-storage properties comprised of approximately 1.725 million rentable square feet across 10 states. The properties were acquired in three separate portfolio transactions that took place in a span of less than 90 days, all on behalf of the firm’s flagship investment vehicle, Prime Storage Fund III, LP. The acquisitions include: a 14-property portfolio consisting of roughly 800,000 rentable square feet of self-storage in the Hudson…

Recent Transactions: 6.11.2024 – 6.17.2024

Property: Self Storage of Beach Park (will operate under the Storage Express brand) Location: Beach Park, IL Year Built: 2021 Buyer: Extra Space Storage Broker and Brokerage: Sean M. Delaney of Marcus & Millichap Square Feet: 57,050 Unit Count: 197 non-climate-controlled and 250 climate-controlled units Average Monthly Revenue Growth: 4.28% (from June 2022)     Property: McKinley Penn Self-Lock Storage Location: Osceola, IN Address: 10386 McKinley Highwy, Osceola, Indiana Brokers and Brokerage: Sean M. Delaney and Josh Caruana of Marcus & Millichap Square Feet: 33,380 Unit Count: 164 units Vehicles…

Recent Transactions: 6.04.2024 – 6.10.2024

Property: Self Storage Facility Location: West Gardiner, ME Address: 17 Town House Road, West Gardiner, ME Closing Deal: $2.134 million Year Completed: April 2023 Buyer: 17 Town House Road, LLC Seller: West Gardiner Self Storage, LLC Brokers and Brokerage: Brandon Mitchell of Malone Commercial Brokers (MCB) represented the seller and Jordan Stolt of Summit Real Estate represented the buyer Acreage: 7.5 ± acres Square Feet: 26,000   Property: Anna Self Storage Location: Anna, TX Year completed: 2023 Buyer: HPI Real Estate Finance: Casey Wenzel, John Bauman and Luke Rogers of…

Recent Transactions: 5.27.2024 – 6.03.2024

Property: Lucky 7 Storage Location: Cambridge, MN Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen and Tom Flannigan – Minnesota, Iowa and North and South Dakota Broker Affiliates for Argus Self Storage Advisors NRSF: 19,326 (plus 500 square foot office) Unit Count: 97 units (plus 30 spaces for outdoor parking and storage)     Property: Mobile Storage Location: Mobile, AL Address: 2580 Schillinger Rd S, Mobile, Alabama 36695 Brokers and Brokerage: Frank DeSalvo & David Perlleshi at Franklin Street NRSF: 61,325 Unit Count: 540 units Seller Testimonial: “The recent…

Recent Transactions: 5.21.2024 – 5.27.2024

Portfolio: Three-Facility Storage Portfolio Location: Hill County, TX Buyer: Go Store It Self Storage (an affiliate of Madison Capital Group) NRSF: 245,000 Unit Count: 1,500 Highlights: The facilities are strategically located minutes from Lake Whitney   Property: Leeville Pike Storage Location: Lebanon, TN Address: 6000 Leeville Pike, Lebanon, Tennessee Year Built: 2015 Broker and Brokerage: Andrew Beeckman of Marcus & Millichap Acreage: 2.6 acres NRSF: 29,600 Unit Count: 182 Vehicles Per Day: 69,484 Highlights: Fully fenced and gated facility Concrete drive aisles Metal buildings LED lighting and security cameras   Property:…