Category: Recent Transactions

Ackerman & Co. and Trout Daniel & Associates (TD&A) have brokered the acquisition of a 73,183-square-foot CubeSmart Self Storage facility in Fishers, IN on behalf of StorageMart. The facility, located at 10415 Allisonville Road, features a combination of 41 percent drive-up and 59 percent interior climate controlled self storage units. This property offers an outstanding location and demographics. Fishers, Indiana, is an affluent suburb of Indianapolis with a fast-growing population.” David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman Co. and Steven Cornblatt and Coleman Tirone of Trout Daniel &…

Public Storage (NYSE:PSA), the leading owner, acquirer, developer and operator of self storage properties, announced today the acquisition of the high-quality All Storage portfolio for $1.5 billion. The portfolio comprises 56 self storage properties (7.5 million net rentable square feet) primarily located in the growing Dallas-Fort Worth market. The 52 properties in Dallas-Fort Worth add prominent locations in new, high-growth submarkets in addition to complementary locations in Public Storage’s existing submarkets. With the addition of the acquisition properties, the Company’s Dallas-Fort Worth portfolio will be unmatched in coverage and quality,…

A New York-based real estate investment trust made a hefty play on the Miami-Dade County self-storage market with the $43.5 million purchase of two facilities. Life Storage bought the buildings at 201 Northwest 37th Avenue and 6850 Southwest 81st Terrace in two deals. Entities tied to Kirchhoff Companies sold the buildings. Life Storage paid $22.5 million for the eight-story, 142,207-square-foot building on 37th Avenue. The property, which is in Miami, was constructed in 2018, property records show. Kirchhoff’s affiliate bought the 0.7-acre lot in 2016 for $1.3 million. In the…

SpareBox has acquired four facilities in Greater Austin and Rogers, AR, expanding its portfolio by a total of 700,000 square feet. The company purchased the assets from four different sellers. The Austin acquisitions are SpareBox’s first foray into the market. While the Arkansas asset is the fifth SpareBox location in the state’s northwest region. Since its launch last year, the company built a portfolio of 6.3 million square feet across 95 facilities. Last month, SpareBox made one of its largest purchases expanding its footprint by 1.9 million square feet of storage across…

Property: Pine Island Storage Location: St. James City, FL Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 41,085 Unit Count: 343 Highlights: Over $50,000 In Capital Improvements: LED Lighting, Paint, Siding, Roof Touch-Ups Closest Storage Facility Is Six Miles Away In 2011, a Photo Voltaic Solar System was Installed Reducing Energy Usage to Zero Property: Cherryville Self Storage Location: Cherryville, PA Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group…

Property: Settlers Landing Self Storage Location: Concord, NC Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap and Sean Delaney of Marcus & Millichap NRSF: 21,773 Unit Count: 355 Acreage: 2.07 Room for Expansion: 12,000 NRSF Approved Drive-Up Units Highlights: Newly Built, Class A Self Storage Facility Excellent Location and Visibility – Located off US Route 29 High Daily Traffic Counts: 12,000 Cars/Day Dense and Growing Surrounding Population: 107,053 People Living within a Five-Mile Radius – Represents a 102% Increase Since 2000 Affluent…

Senior Vice President Tom de Jong and Transaction Coordinator Dana Chobor of Colliers’ Self Storage Group represented the seller, GS Kelly Family Partnership, in the $7.9 million sale of North Main Mini Storage facility in the Monterey Bay town of Salinas, California. The sale closed on October 7, 2021 and was purchased by Kirkland, Washington-based Northwest Building, LLC, one of the Puget Sound’s largest commercial real estate development, investment, and management firms. The former North Main Mini Storage facility will be operated under the West Coast Self Storage brand name…

Property: Barker Cypress Self Storage Location: Houston, TX Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 56,050 Unit Count: 130 Climate Controlled and 339 Non-Climate Controlled Acreage: 2.89 Year Built: 1996 Year Expanded: 2003 Highlights: Amenities Including Video Surveillance, Automatic Entrance Gate with Key Code Access, Roll-Up Doors, Concrete Driveways and a Full-Service On-Site Manager’s Office and Residence Multiple Offers within 24 Hours of Marketing Listing Best and Final Offer Accepted One Week Prior to Call for Offers Deadline Upside…

Simply Self Storage (the “Company”), a premier provider of storage solutions for a wide range of customer needs, today announced the acquisition of a seven-property self storage portfolio in Houston and a self storage property in Dallas. Financial terms of these transactions were not disclosed. Houston and Dallas represent two of the most attractive submarkets in Texas and we expect each will continue to benefit from strong consumer demand.” Simply Self Storage owns and operates a portfolio of approximately 80,169 units, encompassing more than 11 million net rentable square feet in 23 states. Its…

Property: All American Self Storage Location: Evansville, IN Brokers and Brokerage: Rob Schick and Neal Gussis of Argus Self Storage Advisors NRSF: 66,010 Unit Count: 420 Acreage: 5.0 Room for Expansion: Yes Highlights: Closed in 30 Days 20,380 Square Feet of Climate-Controlled Units 20 Canopy Covered RV Spaces Five Buildings Constructed of Masonry and Steel Fully Fenced with Electronic Lift Gate Property: Extra Space (Managed) Location: Oahu, HI Buyer: InSite Property Group NRSF: 44,390 Year Built: 2017 Occupancy: 99.4% (Physical) Highlights: 100,000+ People within Three Miles Median Income of $97,000…