Recent Transactions: 12.27.2022 – 01.02.2023

Property: Big League Storage Location: Magnolia, TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal Buyer: 10F Pursuit, LLC Seller: Big League Enterprises, LLC NRSF: 22,800 Unit Count: 129 Property: FM 812 Storage Location: Del Valle,TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal Buyer: ATX FM 812 Storage, LP NRSF: 43,250 Unit Count: 257 Property: CubeSmart Self Storage Closing Price: $11 Million Location: Moncks Corner, SC Brokers and Brokerage: Ian Lindahl and Adam Schlosser of the LeClaire-Schlosser…

NexPoint Storage Partners Acquires SAFStor to Expand Self Storage Portfolio

NexPoint Storage Partners, Inc., a self storage platform affiliated with NexPoint Advisors, today announced that it became the sole owner of 29 new, well-located and high-quality self storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023. The SAFStor acquisition continues the strong execution of our strategy to own the newest and highest quality self storage portfolio in the United States and provides us…

Recent Transactions: 12.13.2022 – 12.19.2022

Property: Tiger Town Storage Location: Opelika, AL Broker and Brokerage: Kris Knowles of Midcoast Properties, Inc NRSF: 51,975 Acreage: 5.8 Unit Count: 327 Highlights: Standard drive-up and climate-controlled units 24- hour digital surveillance Fencing and electronic keypad gate access U-Haul truck rentals Property: Newly Constructed Self Storage Facility Location: New Rochelle, NY Brokers and Brokerage: Dustin Stolly and Jordan Roeschlaub of Newmark Buyer: Maya Capital Partners and Artemis Real Estate Partners NRSF: 96,693 Unit Count: 1,120 Property: Pines West Storage Center Closing Price: $17 Million Location: Pembroke Pines, FL Buyer:…

Recent Transactions: 12.06.2022 – 12.12.2022

Property: Savannah HWY6 Storage Location: Rosharon, TX Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Buyer: Montfort Capital Partners Seller: Quintet Capital Group Acreage: 6.1 Unit Count: 678 Property: Stafford, VA Self Storage Facility Location: Stafford, VA Buyer: Arcland Property Company Acreage: 7.21 Unit Count: 943 Highlights: Climate-controlled and drive-up storage units On-site manager 24-hour video recording Elevator-accessible units Property: Champion Storage Location: Sheboygan, WI Broker and Brokerage: Sean Delaney of Marcus & Millichap Buyer: Rogers Equity Group IV, LLC Seller: JGSS, LLC NRSF:…

Recent Transactions: 11.29 – 12.6

Property: Michigan Center Storage Location: Michigan Center, MI Broker and Brokerage: Kirk Martin of the Lindsey Self Storage Group NRSF: 41,395 Property: Woodbury, CT Storage Development Opportunity Location: Woodbury, CT Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 23,690 Units: 217 Climate-Controlled Units Highlights: Fully Approved Class-A, All Climate Controlled, Single-Story Facility Affluent Area: Average Household Income of $138,630 for People Living within a Three Mile Radius Litchfield County Is an Affluent Secondary Home Market with High…

Recent Transactions: 11.22.2022 to 11.28.2022

Property: Storage General Location: Layton, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 86,105 Property Layout: Eleven stand-alone single-story buildings   Property: Savannah HWY6 Self Storage Location: Rosharon, TX Buyer: Montfort Capital Partners Seller: Quintet Capital Group Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets Units: 678 (75% climate-controlled units plus drive-up units in six single-story storage buildings and 900 square feet of office space)   Property: 10 Federal Self Storage Location:…

Recent Transactions: 11.09.2022 to 11.15.2022

Portfolio: Two self storage facilities Location: Kensington, MD and Alexandria, VA Buyer: Arcland Property Co NRSF: 281,000 Units: 3,100 units combined Closing Price: $112.8 million   Property: AAA Self Storage Location: South Elgin, IL Buyer: Trojan Storage Seller: Shanahan Enterprises LLC Broker and Brokerage: Sean Delaney of Marcus & Millichap NRSF: 72,850 Units: 388 storage units inside eight drive-up storage buildings Occupancy: 96% Room for Expansion: 2.4 acre extra land Closing Price: $11.65 million   Property: Cold storage facility Location: Houston, TX Buyer: Harbor Capital LLC Seller: Mendware LLC Brokers…

Recent Transactions: 11.02.2022 – 11.09.2022

Property: AA U-Stor-M Location: Upland, CA Buyer: Merit Hill Capital LP Seller: Cameron Properties Broker and Brokerage: Brandon Robinson of Calvary Realty NRSF: 256,000 Units: 1,147 units and 71 vehicle-storage spaces Closing Price: $38.7 million   Property: Two AAAA Self Storage properties Location: Virginia Beach, VA Buyer: StorageMart NRSF: 316,304 Units: 1,860 units and 14 vehicle-storage spaces   Property: Ameri-Guard Storage Center Location: New Albany, IN Buyer: Pogoda Cos. NRSF: 95,000   Property: Two American Self Storage facilities Location: Washington, D.C. Buyer: Arcland Property Co. NRSF: 281,000 Units: 3,100 units…

Storage Exchange Closes Over 245,000 NRSF in October 2022

Storage Exchange announces the closing of five self storage facility transactions in October 2022, comprising of over 245,000 NRSF. These properties are located in Kansas, Illinois, and Arkansas. McCall & Sunflower Self Storage: Located in Manhattan, KS, this two-property portfolio contains 118,390 rentable sq. ft. The two facilities are located 2.4 miles from each other and well-positioned off highly trafficked thoroughfares. Hunter Molnar, VP of Investment Sales for Storage Exchange, facilitated the sale of both properties. Ottawa Route 6 Storage: With room for expansion, this property has great access and…

Recent Transactions 10.11.2022 to 10.17.2022

Property: Main Street Self Storage Location: Havelock, NC Seller: The Storage Acquisition Group Broker and Brokerage: Hal H. Tanner of Midcoast Properties Inc. NRSF: 31,231 Units: 257 traditional drive-up and climate-controlled units plus parking Portfolio: Two Tropical Self Storage Properties Location: Stuart, FL Buyer: StorageMart Units: 972 NRSF: 100,000  Property: CubeSmart Self Storage (Managed) Location: Dallas, TX Brokers and Brokerage: Brian Somoza, Steve Mellon, Matthew Wheeler, Adam Roossien and Jake Kinnear of JLL Capital Markets Seller: CSW Development Buyer: NRSF: 117,503 Units: 1,252 Occupancy: 50% Portfolio: Three Self Storage Facilities…