Category: Recent Transactions

Property: Ace Self Storage Location: Lawrence, KS Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 43,900 Unit Count: 236 Non-Climate Controlled Units, 53 Outdoor Parking Spaces, Eight Retail Spaces and One Apartment Property: Scenic Self Storage Location: Littlefield, AZ Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 34,845 Unit Count: 245 Non-Climate Controlled Units and 113 Outdoor Parking Spaces Property: Public Storage (managed) Location: Linden, NJ Brokers and Brokerage: Scott Schoettlin and Aaron Sanchez of SkyView Advisors NRSF:…

Property: Utah Valley Storage and RV Location: Orem, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of The LeClaire/Schlosser Group of Marcus & Millichap NRSF: 76,344 Unit Count: 291 Highlights: Generated 14 Offers Sold for 20% More than Off-Market Offer Property: Rosemount Self Storage Location: Portsmouth, OH Brokers and Brokerage: Sean M. Delaney and H. Paul Robertson of Marcus & Millichap NRSF: 23,000 Unit Count: 178 Property: The Park Self Storage Location: Arlington, WA Brokers and Brokerage: Brett Hatcher, Gabriel Coe, Tasso Douglas, Jesse Cameron and Jacob Becher of The…

Property: Got Storage Location: Victorville, CA Brokers and Brokerage: Brett Hatcher, Gabriel Coe, Tasso Douglas, Jesse Cameron and Jacob Becher of The Hatcher Group of Marcus & Millichap NRSF: 87,502 Unit Count: 523 Non-Climate Controlled, 19 Lockers and 178 RV Parking Spaces Occupancy: 99% (Physical) Room for Expansion: Yes Highlights: RV Storage with Dump Station All Doors are Individually Alarmed State-of-the-Art Security Wide Drives Shipping Center Located on Site Less than Two Miles from Both Highway 395 and I-15 Dense and Growing Population: 170,052 People Living within a Five-Mile Radius…

The same week that Adam Gordon’s Wildflower sold a self storage facility it built in the South Bronx for $65 million, entities connected to Brookfield Asset Management plunked down a combined $90 million for three properties in Brooklyn, each of which generated a significant return for their respective sellers. Brookfield Property Group bought a 67,000-square-foot self-storage building at 235 Park Avenue  in Clinton Hill, Brooklyn, for $32 million. Maddd Equities , Joy Construction and Cayre Equities sold the four-story building, also known as 45 Clinton Avenue, which they bought in 2018 for about $27…

Portfolio: Storage Post Portfolio (Managed) Number of Facilities: Four Locations: Long Island and Westchester County, NY Brokerage: JLL Buyer: Storage Post GSF: 370,000 Highlights: 24-Hour Video Recording Secure Coded Entry Covered Indoor Loading Bays Drive-Up Storage Units On-Site Parking Portfolio: Rettig U Stor Number of Facilities: Two Location: Findlay, OH Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group Portfolio: In Self Storage Portfolio Number of Facilities: Four Locations: Fort Worth and Dallas, TX Brokers and Brokerage: Danny Cunningham, Brandon Karr and Bryan Quaschnick of the Karr Self…

A New York-based self-storage developer picked up a three-property assemblage in Miami’s Wynwood that is primed for redevelopment. Buyer Storage Deluxe, led by firm founder and chairman Steven J. Guttman, paid $11.3 million for the property, which consists of two adjacent warehouses repurposed as office space and a parking lot at 328, 330 and 342 Northwest 29th Street. The firm does not have any immediate plans for the site, a company executive told The Real Deal. A project of up to 12 stories can be built on the three parcels, according…

With the self-storage market booming, developer Adam Gordon is cashing out. Gordon’s firm, Wildflower, sold a roughly 3,300-unit facility it built at 3350 Park Avenue in the Morrisania section of the Bronx to Atlanta-based operator Storage Post for $65 million, Gordon told The Real Deal. Wildflower bought the property in 2017 for $9 million, public records show, and developed the nearly 130,000-square-foot self storage building on the site. Gordon said the sale represents “our firm’s continued pivot into e-commerce and content creation.” Wildflower is developing a 775,000-square-foot film production studio in Astoria…

Property: CubeSmart Self Storage (Managed) Location: Durham, NC Brokers and Brokerage: John C. Lindsey of the Lindsey Self Storage Group Unit Count:  142 Boat and RV Spaces Property: Boat, RV and Self Storage Development Site Location: Jacksonville, FL Brokers and Brokerage: Thomas Gustafson, Matt Davis, Bart Hinson and Andrew Kinney of Colliers International Acreage: 4.66 Property: Self Storage Facility in Spokane, WA Location: Spokane, WA Buyer: StorageMart NRSF: 47,900 Unit Count: 273 Property: Fremont Self Storage Closing Price: $22.8 Million Location: Port Coquitlam, BC Buyer: Make Space Capital Partners NRSF:…

SmartStop Self Storage REIT, Inc., a self-managed and fully-integrated self storage company, and Strategic Storage Growth Trust II, Inc., a private REIT sponsored by an indirect subsidiary of SmartStop, announced today that the companies have entered into a definitive agreement to merge in an all-stock transaction, in which SSGT II will merge into a newly-formed subsidiary of SmartStop. The combined company will have a combined portfolio of 150 wholly-owned operating properties, representing approximately 11.5 million net rentable square feet and 100,500 units. This transaction will allow the combined company to,…

Property: Freedom Storage Development Location: Nashville, TN Brokers and Brokerage: Andy Beeckman and Anne Williams-Blackwell of the Williams Group of Marcus & Millichap NRSF: 71,744 Unit Count: 598 and Four Retail Units Acreage: 1.93 Highlights: Ground up Development Opportunity of a Class A Three-story 100% Climate Controlled Facility Population of 52,557 within Three Miles Median household income of $66,308 Located on Busy Retail Corridor Property: Class A Facility Sale Price: $24.5 Million Location: Chino Hills, CA Buyer: Buchanan Street Partners NRSF: 95,500 Unit Count: 920 Property: REIT-Managed Self Storage Facility…