Category: Recent Transactions

Bellomy & Co. announced the sale of Space Self Storage in Corpus Christi, Texas. Corpus Christi is one hundred forty miles southeast of San Antonio. The Class B property has 300 units totaling 40,948 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Divisidero Property LLC, the Austin, Texas based seller. The team also procured the New York based buyer, Andover Properties. Bellomy & Co. is an Austin and Houston based commercial real estate firm with a team exclusively focused on the self storage industry. For more information,…

Argus Self Storage Advisors is pleased to announce the sale of the ten recent transactions below in Oklahoma by Jared Jones, CCIM, Advisor in the Tulsa, OK office. Eight properties in Oklahoma totaling approximately 380,000 from a private seller to a private buyer. One, 40,000 RSF property in the OKC MSA from a private buyer to a private seller. One, 50,000 RSF facility in the Tulsa MSA from a private buyer to a private seller. Jared Jones pointed out that “The above transactions illustrate the frothy demand buyers across the…

Property: Affordable Secure Storage Location: Selma, CA Broker and Brokerage: Tasso Douglas, Jacob Becher, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 17,000 Units: 192 Highlights: Three Outdoor Parking Spaces High Physical Occupancy: 98.97% Undersaturated Self Storage Market Below Market Rates High Daily Traffic Counts: 7,500 Cars/Day Dense & Growing Population: 52,017 People Living within a Five Mile Radius | Represents a 25% Increase Since 2000 Property: D&J Storage Location: Madisonville, TX Brokers and Brokerage: Dave Knobler, Jordan Farrer and Charles “Chico” LeClaire of the…

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced that it has signed a definitive agreement to acquire DBCI, a manufacturer of steel roll-up doors and building products for both the commercial and self storage industries and a part of Cornerstone Building Brands (NYSE: CNR) (“Cornerstone”). The acquisition broadens Janus’s customer set by gaining direct access to DBCI’s core general contractor and distributor base and provides an opportunity to deliver more…

Pogoda Companies is pleased to announce the addition of five more properties to its growing self storage portfolio. Three were in the Grand Rapids, Michigan MSA and two were in the Detroit, Michigan MSA. Each has been rebranded under Pogoda’s trademarked name, National Storage Centers. We are growing the portfolio with the goal of adding properties in markets we already compete.” National Storage Centers – Alpine I – Pogoda has managed this facility since 2016 and bought this property off-market. It consists of 48,760 sq. ft. and 314 units, has an…

Midcoast Properties Inc. announces the recent sale of Cherryfield Self Storage, located at 377 Old Rosman Rd., Brevard, NC. Dale C. Eisenman, broker in charge, along with Robert Moss, represented the seller. The facility was sold to an out of state regional operator. The facility, situated on 4.61 +/- acres, with 37,350 rentable square feet, has 377 storage units, which includes both standard drive up units and climate controlled units as well as outdoor parking. This well maintained facility is primed to add climate controlled units and is the only…

Midcoast Properties, Inc. is pleased to announce the sale of Lake Keowee Storage, located in Six Mile, SC. Dale C. Eisenman, broker in charge along with Michael Morrison of Midcoast Properties, Inc., represented the seller. The facility was sold to an out of state development company. Lake Keowee Storage offers 155 enclosed RV, boat and camper storage and is situated on approximately 10.5 acres. Amenities include perimeter fencing and 24/7 computerized gate access. This property also offers an opportunity for expansion. This facility is located at 3376 Walhalla Hwy., Six…

Andover Properties, LLC (dba Storage King USA) has recently acquired Space Self Storage in Corpus Christi, TX marking its 2nd acquisition in Corpus Christi and 22nd in the state. The 41,000 NRSF single-story facility comprises 300 drive-up units and has excellent visibility from State Highway 358, which sees over 164,000 vehicles per day. Additionally, the property is located in a dense residential neighborhood and is just 10 minutes from an existing Storage King USA facility. “Buying an asset in such close proximity to an already existing store makes this a…

Three Rivers Self Storage, a 53,100 net rentable square foot facility in the Cincinnati, OH MSA, was recently sold. The Hatcher Group of Marcus & Millichap brokered the deal. The 279-unit facility was built in 1998 and expanded in 2000, 2003, 2005 and 2016. The property has great visibility along North Miami Road and the market has demonstrated 23% population growth since 2000. Additionally, the average household income within a five-mile radius consists of $105,405.