Category: Recent Transactions

Pathfinder Ventures Inc. is pleased to announce that on February 10, 2022, it entered into a Letter of Intent with Black Sheep Income Corp., a private B.C. company with RV and self storage assets, to acquire all of the shares of BSIC for a combination of Pathfinder shares and cash. Upon completion of the acquisition, Mr. Mark O’Donoghue and Ms. Cathy Butler will join the executive management team and Ms. Butler, the Board of Directors. Under the terms of the LOI, Pathfinder will acquire a 100% interest in BSIC, which…

Altlanta, GA-based Space Shop Self Storage has sold two self storage portfolios encompassing nine locations for $137 million to REIT Extra Space Storage. “For investors, storage facilities are a historically stable investment and portfolio transactions are testament to the strength of this real estate product,” said Jason Linscott, partner, Stein Investment Group, parent company of Space Shop. “If you look back over the past 15 years, self storage assets have been the steadiest real estate asset class during recessions and have also performed exceptionally well in good times; it always…

Property: Kane Self Storage Closing Price: $1.57 Million Location: Marlborough, MA NRSF: 18,800 Unit Count: 136 Acreage: 1.0 Property: American Storage Location: Atlantic Beach, FL Buyer: InSite Property Group NRSF: 49,331 Unit Count: 504 Drive-Up Units and 39 Parknig Spaces Occupancy: 97% Property: CubeSmart (Managed) Closing Price: $10 Million Location: Teaneck, NJ Buyer: StorageBlue NRSF: 40,000 Property: Walter Hill Self Storage Location: Murfreesboro, TN Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 45,350 Unit Count: 273 Non-Climate Controlled, Four Offices, Two…

Property: New Build Closing Price: $18.51 Million Location: Margate, FL Buyer: Andover Properties Seller: 3L Capital NRSF: 133,872 Acreage: 2.6 Property: SafelyStor Location: Weare, NH Brokers and Brokerage: Nathan Coe, Gabriel Coe, Luke Dawley and Brett Hatcher of the Hatcher Group of Marcus & Millichap NRSF: 35,900 Unit Count: 246 Non-Climate Controlled Units and 60 RV Parking Spaces Room for Expansion: Yes, Three Buildings Totaling 12,000 SF Highlights: Multiple Competitive Offers Closed at List Price List to Close In 75 Days Newly Built, Class A Self Storage Facility Great Visibility…

Portfolio: Tuscaloosa Two-Property Storage Portfolio Location: Tuscaloosa, AL Brokers and Brokerage: James Ashley Compton of Colliers International NRSF: 50,354 Unit Count: 524 Acreage: 7.95 Property: Voyageur Storage Location: Motley, MN Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors NRSF: 5,360 + 4,334 SF Three-Unit Rental Home Unit Count: 30 Property: Renton, WA Storage Facility Closing Pricee: $16.3 Million Location: Renton, WA Sellers: Urban Self Storage Portfolio: CubeSmart (Managed) Two-Property Portfolio Location: Atlanta, GA MSA Brokers and Brokerage: Ian Lindahl…

Philadelphia based self storage operator, Snapbox Self Storage, continues their expansion up and down the East Coast with the acquisition of three early lease-up properties in Windsor Mill, MD for an undisclosed price and in Fort Lauderdale, FL and Miami, FL for $38 million. All three properties closed in December 2021. Snapbox Self Storage – Windsor Mill, is located at 2760 Lord Baltimore Drive, Windsor Mill, MD, in the Windsor Mill neighborhood. Positioned in a great location and close to nearby cities Woodlawn, Lochearn, Randallstown, Catonsville, Millford Mill and near Western Baltimore. The 103,000 square-foot Class-A property with over 1,100 storage units was built in 2020 and…

Property: Class A Facility Closing Price: $20.2 Milllion Location: Langford, B.C. Brokers and Brokerage: Connor Braid, Harry Jones and Patrick Wood of William Wright Commercial, Victoria, B.C. NRSF: 39,525 Lot Size: 67,705 SF Acreage: 1.5 Year Built: 2020 Property: Self Storage Facility and Car Wash Location: Concord, NH Brokers and Brokerage: Joe Mendola of NAI Norwood Group, an Argus Self Storage Advisor Affiliate Unit Count: 443 Property: Alamo Boat & RV Storage Location: Lubbock, TX Brokers and Brokerage: John Owens of KW Commercial NRSF: 165,985 Unit Count: 396 Year Built:…

LandPark Advisors, LLC. acquired the self storage facility located at 11901 SF 249, Houston, TX, currently known as Easy Self Storage. LandPark intends to enact a comprehensive two-part strategy by extensively improving and rebranding the appearance of the facility and leasing up brand-new, climate-controlled units at market rates while capitalizing on the exceptional Houston MSA, both in terms of population growth and ongoing economic diversification. This was a unique opportunity for us since our management company, Right Move Storage, has managed this asset since 2017 and also coordinated the construction…

Portfolio: American Storage Portfolio Cap Rate: 6.5% Location: Amarillo, TX Brokers and Brokerage: John Owens of KW Commercial NRSF: 51,669 Unit Count: 380 Year Built: 2011 Occupancy: 84% Acreage: 3.03 Room for Expansion: Yes Portfolio: Extra Space Storage 16-Property Portfolio Locations: 12 States Brokers and Brokerage:  Aaron Swerdlin, Kenneth Cox and Taucha Hogue of Newmark NRSF: 1,300,000 Unit Count: 380 Buyer: Rosewood Property Company Property: All Town Storage Location: Granby, MA Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus &…