Category: Recent Transactions

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 &…

Reliant Real Estate Management, a Midgard Self Storage affiliate, has acquired a six-property self storage portfolio totaling 3,070 units in metro Atlanta. The properties traded for more than $67 million, according to Fulton County and Cobb County records. The seller was Your Extra Attic, a family-owned business. Marcus & Millichap arranged the transaction on behalf of the seller and helped procure the buyer. The facilities will operate under the Midgard Self Storage flag. Portfolio Breakdown The transaction included the 536-unit facility at 2909 Log Cabin Drive SE in Smyrna, Ga.…

Property: Store Here Self Storage Location: Chesapeake, VA Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 55,843 Unit Count: 450 Climate Controlled Units, Nine Suites and 23 Outdoor Parking Spaces Year Built: 2018 Occupancy: 95% (Physical) Highlights: Multiple Competitive Offers List to Close in Just Over Three Months Newly Built, Three-Story, Class-A Facility Great Visibility & Street Frontage Along Taylor Road High Daily Traffic Counts: 22,000 Cars/Day Densely Populated Area: 122,941 People Living Within a Five Mile Radius –…

The Colliers Self Storage Group is pleased to announce the sale of the Boardwalk Storage Portfolio.  The portfolio consists of eight properties with two locations in Chattanooga, four locations in the greater Macon area and two locations in Dahlonega.  The portfolio offered a substantial footprint of square footage within close driving distance. Storagemaster, Inc and Boardwalk Development Group sold the portfolio to Spartan Investment Group for $45,000,000 ($121.34 PSF).  The Boardwalk Storage Portfolio has a combined parcel size of approximately 54.13 acres.  The portfolio offers tenants 370,863 rentable square feet with 2,818…

Property: U-Stor-It Managed Facility Closing Price: $34M Location: San Diego, CA Buyer: Buchanan Street Partners Unit Count: 1,200 Year Built/Updated: 2003/2020 Source Portfolio: Five Properties in Indiana, Kentucky and Michigan Buyer: Pogoda Companies NRSF: 39,918 Unit Count: 2,819 Source Property: United Township Self Storage Location: East Moline, IL Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors Unit Count: 216 NRSF: 29,950 (6,850 Climate Controlled and 23,100 Standard Drive Up) Property: Amwell Valley Self Storage Location: Ringoes, NJ Brokers and…

Property: NRI Self Storage Location: Smithfield, RI Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 58,100 Unit Count: 293 Non-Climate Controlled Units, 147 Climate Controlled Units and 117 Parking Spaces Occupancy: 96% (Physical) Highlights: Providence, Rhode Island MSA Stabilized Self Storage Facility Multiple Offers Above List Price Closed Above List Price Below Market Rents Great Location and Visibility | High Traffic Counts and Visible from Route 295 13,300 Cars/Day Off Washington Hwy | 61,300 Cars/Day off Route…

A publicly-traded REIT has acquired a 23-property portfolio from Metro Self Storage for $369 million. Life Storage won the deal amid a sizable pool of interested parties. Metro Storage is an active developer nationwide with many other operating properties and this sale of stabilized assets represents their interest in taking advantage of the current investment market, and using proceeds for new developments.” “The properties fit well into existing markets for Life Storage,” said Marc Boorstein, principal of MJ Partners. “The portfolio was actively marketed nationwide and generated intensive bidding competition…

Global real estate investment management firm, Heitman LLC and Life Storage Inc. have formed a joint-venture partnership to acquire 13 newly-constructed self storage properties located across seven metropolitan areas. The acquired properties comprise a mix of urban and suburban class A properties and are at various stages of lease-up. Situated across Boston, Charlotte, Dallas, Naples, FL, Nashville, Newark, NJ and St. Louis, MO, the self storage properties have an average vintage of 2018. As we continue to execute our global strategy, we’ll look to invest in accordance with three themes:…

Property: Crowning Touch Storage Location: Marion, OH Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 35,552 Unit Count: 250 Non-Climate Controlled Units and 81 Parking Spaces Occupancy: 97% (Physical) Year Built: 2018/2019 Room for Expansion: 75,000 – 100,000 SF Acreage: 22.52 Highlights: Under Supplied Market and Fast Lease Up High Daily Traffic Counts: 17,200 Cars/Day off US Route 23 Property: The Storage Space Location: Mesquite, TX Buyer: Andover Properties NRSF: 74,000 Unit Count: 553 Non-Climate and Climate-Controlled Units Highlights: Convenient Access…