Category: Recent Transactions

MiniCo created the first self storage industry trade publication with the launch of Mini-Storage Messenger in 1979″   First Self Storage Trade Publication Entering New Era of Leadership. MiniCo Insurance Agency LLC (MiniCo) announced today that it has finalized the sale of its Publishing Division, effective March 1, 2023, to Storelocal Media Corporation (Storelocal). “It’s very exciting,” said Travis Morrow, Storelocal’s CEO, “Mini-Storage Messenger is not about just a magazine–it’s what it represents to the industry. We view Mini-Storage Messenger and its annual Self Storage Almanac as more than a…

Property: Hanover Self Storage Location: Hanover, PA Brokers and Brokerage: Luke Dawley, Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 32,150 Unit Count: 278 non-climate and climate-controlled units Physical Occupancy: 92%   Property: A RV Storage Location: Joshua, TX Brokers and Brokerage: Bryan Quaschnick, Danny Cunningham and Brandon Karr of the Karr- Cunningham Storage Team of Marcus & Millichap NRSF: 45,072 Unit Count: 100 units Highlights: Perimeter fencing and lighting Wide driveways 24/7 video surveillance system Opportunity for expansion Garage-style roll-up doors…

Property: Old Town Storage Location: Winston Salem, NC Brokers and Brokerage: Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 7,200 Unit Count: 75 non-climate-controlled units and 40 parking spaces Physical Occupancy: 83% Highlights: Dense & growing surrounding population: 92,976 people living within five-miles – which represents a 19% increase since 2000 Affluent market: $93,825 average household income within five-miles of the facility Portfolio: All Steel Storage Two Property Portfolio Location: Lake Placid & Sebring, FL Brokers and Brokerage: Gabriel Coe, Brett Hatcher,…

Property: Tech Secured Storage Location: Tomball, TX Year Built: between 2019 and 2020 Brokers and Brokerage: Dave Knobler, Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap Average Household Income: $145,472 Daily Traffic Counts: 30,200 cars/day NRSF: 60,025 Unit Count: 530 Highlights: Facility is equipped with state-of-the-art technology Booming population growth area of Tomball: there are currently around 68,000 residents within three miles and the area is projected to grow 25% within five years Property: Absolute Mini Storage Location: Archdale, NC Brokers and Brokerage:…

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…