Category: Recent Transactions

Private equity powerhouse KKR has added to its national self storage portfolio with the purchase of three Class A properties in Denver and Nashville. The properties were acquired by KKR’s Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III, in two separate transactions with two separate sellers. Denver and Nashville are important destinations for our self storage investing strategy and we are excited to grow our footprint in both markets with the purchase of three modern, well-located properties.” The two Denver properties were completed in 2017 and…

Atlanta-based self storge investment firm Storage Post has acquired four facilities totaling 3,900 units in the New York City area. Specifically, the properties, which span more than 370,000 gross square feet, are located in Garden City, Floral Park, Huntington Station and Yorktown Heights. Storage Post has operated the facilities on behalf of the seller, an undisclosed institutional investor, since 2016 and will continue to do so following the change in ownership. Source

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:…