Category: Recent Transactions

Property: U-Stor-It Location: Lansing, MI Brokers and Brokerage: Meir Perlmuter, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 41,600 Unit Count: 385 non-climate-controlled units Physical Occupancy: 94% Highlights: Undersaturated self storage market Dense and growing surrounding population: 155,073 people living within five miles Portfolio: LaFayette Storage Solutions Location: LaFayette, GA (North and South) Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. NRSF (North): 8,700 NRSF (South): 28,530 Unit Count (North): 74 standard drive-up units Unit Count (South): 189 standard drive-up units…

Property: Goudchaux’s Building Location: Nashville, TN Closing Price: $3.9 Million Broker and Brokerage: Matthew Shirley of Saurage Rotenberg Commercial Real Estate Buyer: Baton Rouge QOZ Self-Storage LLC Seller: Renaissance Park LLC Square Feet: 158,000   Property: Go Store It Self Storage Location: Nantucket County, MA Closing Price: $42 Million Buyer: Go Store It Nantucket Storage DST Seller: Go Store It Nantucket LLC   Property: Creekside Storage Location: Grand Rapids, MI Year Built: 2019 Brokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus &…

JLL Capital Markets arranges sale of the 709-unit Oak Hill Self Storage facility outside of Austin, Texas. JLL Capital Markets announced today that it has closed the sale of Oak Hill Self Storage, a 709-unit self-storage facility located along W. Hwy 71 in Austin, Texas. JLL marketed the property on behalf of the seller, The Jenkins Organization, and procured the buyer, Extra Space Storage. Completed in 2019, Oak Hill Self Storage is comprised of 93,813 rentable square feet and features true class A construction and amenities. The facility is 97%…

Phoenix-based Wentworth Property Co., in a joint venture with an institutional equity investor, has completed the disposition of a portfolio of 18 self storage properties across Arizona, Texas, Colorado, Utah and Idaho. A New York-based investment management company acquired the portfolio for $266.2 million. In total, the portfolio includes 9,600 storage units and 1.3 million square feet of rentable space. Six properties are in the greater Phoenix area, four facilities are in the Dallas/Fort Worth area, two assets are in El Paso, Texas, three properties are in Salt Lake City,…

After several failed attempts to push for a deal in private, Public Storage is taking its case to acquire one of its top rivals straight to shareholders. Public Storage made an $11 billion unsolicited bid to acquire Life Storage, the Wall Street Journal reported. The all-stock proposal was cemented with a letter sent to Life Storage management on Sunday. The proposal is worth roughly $129 per share. That’s a premium over Life Storage’s stock price, which closed at $110.58 before the weekend. Public Storage’s push to acquire its rival started…

Portfolio: Ozark Self Storage, Double Springs and Elkins Mini-Storage Closing Price: $22 Million ($8.45 million for Ozark Self Storage, $7.4 million for Double Springs Storage and $6.2 million for Elkins Mini-Storage) Locations: Springdale and Fayettville, AR Buyer: Dallas Beck Seller: Gregson, LLC Unit Count: 600+ Property: Eclipse Self Storage Closing Price: $14.1 Million Location: Evans, GA Broker and Brokerage: Michael Morrison of Midcoast Properties Buyer: Highline Real Estate NRSF: 105,714 Acreage: 4.0 Property: LaFayette Storage Solutions Closing Price: $14.1 Million Location: LaFayette, GA Broker and Brokerage: Michael Morrison of Midcoast…

Portfolio: Franklin Ohio Self Storage Location: Franklin, OH Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 48,588 Unit Count: 336 Highlights: Two self storage facilities approximately 1.5-miles apart Growing surrounding population: the population has increased by 16% since 2000 within a five-mile radius Property: U-Stor-It Location: Albuquerque, NM Brokers and Brokerage: Jesse Cameron, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 55,625 Unit Count: 483 and four outdoor parking spaces Physical Occupancy:…

Portfolio: Eight-Property East Texas Self Storage Location: Dallas-Fort Worth Metroplex and East Texas Broker and Brokerage: Brandon Karr of Marcus & Millichap Buyers: LandPark Co. and Sunset Capital JV NRSF: 236,009 Unit Count: 1,440 Highlights: Eight facilities, comprised of 11 individual parcels, located in five different counties Exposure in Dallas-Fort Worth Metroplex (4th largest market in the US) Operational efficiencies available via management consolidation Portfolio: AmeriStorage Four-Property Portfolio Location: Andover, OH as well as Edinboro, Meadville and Saegertown, PA Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel…

Property: American Storage Centers Location: Akron, OH Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher-Coe Group of Marcus & Millichap Highlights: Room for expansion Excellent location and street frontage Easy access to interstate 277 High daily traffic counts; approximately 12,500 cars/day off Waterloo rd and 71,500 off I-277 Dense surrounding population: 180,320 people within a five-mile radius Property: Greenkey Storage – Pasadena Location: Houston, TX Broker and Brokerage: Dave Knobler of The LeClaire-Schlosser Group of Marcus & Millichap Highlights: Keypad gate access Security lighting 24-hour…