Category: Recent Transactions

Portfolio: Fortress Self Storage Portfolio (Four properties) Location: Lawton, OK Broker and Brokerage: Jared Jones of Jones Investment Real Estate (Oklahoma affiliate of Argus Self Storage Advisors) NRSF: 198,802 Highlights: The property has significant upside available through; Increased focus on revenue management strategies Implementation of tenant protection/programs and future expansion   Property: Self-Store-It Location: Cheshire, CT Year Built: 2014 Year Opened for Business: December 2021 Broker and Brokerage: Nathan Coe, Brett Hatcher, Gabriel Coe and John Krueger of The Hatcher Coe Group of Marcus & Millichap NRSF: 18,745 Unit Count:…

Portfolio: Watson & Taylor Portfolio (2 properties) Locations: Galveston and  Baytown,TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal Buyer: Andover Properties (dba Storage King USA) Seller: Steelcreek Baytown Storage, LLC & Steelcreek Galveston Storage, LLC NRSF: 104,830 Unit Count: 790 units   Property: Self-Storage Property (three-story building) Location: Eatontown, NJ Year Completed: 2022 Buyer: Strategic Storage Growth Trust III, Inc. Seller: Merchants Retail Partners Acreage: 3.1 Acres NRSF: 65,800 Unit Count: 730 interior climate-controlled units Vehicles Per Day: 30,000 Highlights: 24-hour security, video…

Portfolio: Purely Storage (Seven Property Self Storage Portfolio) Locations: Beaumont, Groves, Nederland, Bridge City, Orange, TX Brokers and Brokerage: Dave Knobler and Charles LeClaire of the The LeClaire-Schlosser Group of Marcus & Millichap NRSF: 389,501 Unit Count: 2,627 units   Property: Hattiesburg Climate Controlled Storage C/O Location: Hattiesburg, MS Year Built: 2023 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street Lot Size: 2.8 Acres NRSF: 50,225 Unit Count: 404 climate-controlled units Sq Ft per Capita: 6.9% (three-mile radius) Average Household Income: $128,216 (three-mile radius) Vehicles per Day:…

Property: Meadowlark Self Storage Location: Tonakset, WA Broker and Brokerage: Ryan Layton of AREA Commercial Real Estate of the Argus Self Storage Advisors NRSF: 13,400 Unit Count: 82 steel-framed units Occupancy: 98% Rate Per SF: $78.35 Highlights: The facility consists of two steel-framed storage buildings There is room for expansion and rental rate increases Secure in/out access gate Security system   Property: Recreational Storage Location: Royal, AR Broker and Brokerage: John C. Lindsey, Jim Ritchie and Matt Rosendale of Lindsey Self Storage Group NRSF: 24,720   Property: Sandia Skies Self…

Property: Ace Storage Location: Billings, MT Year Built: 1993 Brokers and Brokerage: Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors Acreage: 1.73 Acres NRSF: 33,600 Unit Count: 201 units Occupancy: 99% Vehicles Per Day: 11,600 Highlights: The subject property offers 3 buildings of well-maintained self-storage options The buyer will have the opportunity to increase revenue by implementing a tenant insurance program Capability to raise rental rates 23 percent to meet the market level No planned or new self storage construction in the five-mile radius Direct view of the…

Property: Morganton Development Site Location: Morganton, NC Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street – Commercial Real Estate & Insurance Brokerage Acreage: 2.13 Acres NRSF: 24,750 Pro Forma NOI: $212,859 Parcel Number: 31678; 0031680 Highlights: Site is approved for non-climate self storage This site benefits from strong market rates that should continue to increase thanks to the presence of institutional competitors This site is strategically located just off US Highway 70 (Carbon City Rd) which sees 16,500 VPD 5-mile population of over 35,000 people Morganton is…

Property: A-1 Lakeview Safe Storage Location: Fayetteville, NC Brokers and Brokerage: Jonathan Fawley, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap NRSF: 23,500 Unit Count: 167 climate-controlled and non-climate controlled units plus 15 outdoor parking spaces Physical Occupancy:95% Highlights: Multiple offers At and Above list price Room for expansion Room to build on-site management office Dense & growing surrounding population: 81,090 people living within a five-mile radius represents a 47%increase since 2000 Property: Self Storage Facility Location: Rolla, MO Brokers and Brokerage:…

Property: Heartland Drive Self Storage Location: Kernersville, NC Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. Acreage: 2.15 acres NRSF: 68,219 Unit Count: 557 climate-controlled units Highlights: On-site rental office with granite Countertops Noke Smart Door and access controls Two elevators Restrooms Security cameras and alarms Exterior wall-pack LED lighting   Property: Storway Self Storage Location: Scranton, PA Brokers and Brokerage: Jared Houck, Matt Junkin, Kevin Bledsoe and Andreas Makris of The Bledsoe Self Storage Group of Marcus & Millichap Square Feet: 26,800 NRSF: 16,950 Physical Occupancy: 99% Highlights:…

Property: Budget Self Storage Location: Laredo, TX Broker and Brokerage: Jon Danklefs of Marcus & Millichap Acreage: 1.60 acres Unit Count: 199 units Property: Turbo Storage Location: Shelbyville, TN Brokers and Brokerage: John C. Lindsey and Matt Rosendale of Lindsey Self Storage Group NRSF: 9,300 Portfolio: Canoga Avenue Property Locations: Woodland Hills and Diamond Bar, CA Closing Price: $69.6 Million & $17 Million Buyer: William Warren Group Seller: Storage, Etc. Broker and Brokerage: Larissa Belova of CBRE Square Feet: 107,000 & 18,000 Unit Count: 199 units Property: Public Storage Location:…