Category: Recent Transactions

Property: U-Haul Closing Price: $18 Million Location: East Wenatchee, WA Broker and Brokerage: Christopher Secreto of Marcus & Millichap Property: KO Storage Closing Price: $4.39 Million Location: Rochester, MN Buyer: Storage Rentals of America Seller: KO Storage NRSF: 52,500 Unit Count: 332 Property: KO Storage Closing Price: $2.1 Million Location: Austin, TX Buyer: Storage Rentals of America Seller: KO Storage Property: U-Stor-It Location: Crete, IL Brokers and Brokerage: Jeffrey L. Herrmann and Sean M. Delaney of Marcus & Millichap NRSF: 30,860 Room for Expansion: Yes, 34,000 NRSF Occupancy: 91% Property:…

Portfolio: Aubin Lane Self Storage Closing Price: $18.8 Million Locations: Elkton and Northeast Parts of Cecil County, MD Brokers and Brokerage: Andrew Meeder and Tom Mottley of MacKenzie Commercial Real Estate Services NRSF: 125,000 Unit Count: 883 Property: Jetport Boat & RV Storage Location: Fort Myers, FL Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 117,552 Unit Count: 239 Property: Aubin Lane Self Storage Closing Price: $1.25 Million Buyer: Wong Cubes, LLC Location: Baton Rouge, LA Portfolio: Minnesota 24-Property Portfolio Location:…

It has been a busy season for Adams Property Group, with the addition of five brand new properties to manage in the Southeast. In addition to managing their existing portfolio of almost two million square feet of self storage properties, the real estate investment group now owns and manages the newly built Monster Self Storage facilities in Valdosta, GA and Statesboro, GA. They also took on management responsibilities for the brand new Your Storage Units facilities that recently opened in Kissimmee, FL, Jacksonville, FL and North Augusta, SC. Other expansions…

Property: Independence Self Storage Location: Grantsville, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 82,550 Unit Count: 540 Property: Davie Self Storage Closing Price: $4.2 Million Location: Davie, FL Brokers and Brokerage: Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap NRSF: 19,248 Unit Count: 205 Property: Nalley Valley Self Storage Location: Tacoma, WA Buyer: SecureSpace NRSF: 60,272 Year Built: 1993 Property: Oklahoma City Self Storage Facility Closing Price: $7 Million Location: Oklahoma City, OK Buyer: Andover Properties NRSF:…

Invesco Real Estate picked up a 10-story self storage warehouse at 160 John Street in Vinegar Hill, Brooklyn, for $43.5 million, according to property records made public Monday. An entity tied to Invesco bought the property from Knickpoint Ventures’ Matthew Sprayregen for more than four times the $10.8 million it sold for in 2007, according to public records. Invesco closed on the sale July 12. Knickpoint repaid $38 million in debt dating back to 2017 from M&T Bank three days after the deal closed, according to public records. It was…

Two years since the start of the COVID-19 pandemic, self storage assets continue to be in high demand for both consumers and investors as many employees remain working from home. Investor interest in the Seattle metropolitan area continues to hold true, with recent deals exemplifying this trend. In one recent deal that closed on July 12, Harrison Street Capital acquired four self storage assets for a combined $147.6 million. In each transactions, Seattle-based Columbia Pacific Advisors was the seller. In the first transaction, Harrison Street acquired a 129,261 square foot…

Portfolio: Store Your Stuff Two Property Portfolio Locations: Clay and Baldwinsville, NY Brokers and Brokerage: Brett Hatcher, Luke Dawley, Nathan Coe and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 83,550 Unit Count: 748 Physical Occupancy: 100% Highlights: Two Property, Syracuse MSA Self Storage Portfolio Multiple Offers Well Above List Price Closed Well Above List Price Climate Controlled and Non-Climate Controlled Units Both Locations Have Dense, Growing and Affluent Surrounding Populations Excellent Locations and Street Frontage Property: Mojave Self Storage Location: Mojave, CA Brokers and Brokerage: Keith…

Portfolio: Nicol Investment Company’s Self Storage Portfolio Closing Price: $102 Million Locations: Franklin, Hendersonville, Nashville and Two Facilities in Murfreesboro, TN Brokers and Brokerage: Ashley Compton of Colliers Self Storage Group Buyer: Hines Global Income Trust NRSF: 341,202 and 13,445 of Retail Space Unit Count: 3,204 Climate-Controlled Units Details: Carothers – 697-unit, 71,925 net RSF of storage on Carothers Parkway in Franklin, TN Hendersonville – 599-unit, 67,893 RSF of storage with 9,545 SF of 4 ground-floor retail suites on Saundersville Road in Hendersonville, TN Murfreesboro – 577-unit, 67,315 net RSF…

Invesco Real Estate Income Trust Inc. (“INREIT”), an institutionally managed, public non-listed REIT, announced today two self storage portfolio acquisitions consisting of five properties located in Bend, Oregon and Clarksville, Tennessee. The combined purchase price was $42 million, bringing INREIT’s self storage portfolio to over $128 million. “Self storage continues to be a strategic sector for INREIT given the ability to increase cash flow relatively quickly,” said R. Scott Dennis, President and Chief Executive Officer for INREIT. “These properties exhibit strong demand and are well-located in their respective markets. We…

A few years after Shibber Khan’s Criterion Group first explored selling a Long Island City site on Northern Boulevard, the firm has finally executed a deal. Criterion sold the commercial unit at 31-08 Northern Boulevard to the Carlyle Group for $80 million, public records show. The commercial condo unit spans 180,000 square feet, occupying part of the building’s first floor and the entirety of the remaining floors. The Queens-based development firm bought the development site in 2015 from investor Joel Gluck for $40 million, planning to hold on to it…