Category: Recent Transactions

Rob Schick and Neal Gussis of Argus Self Storage Advisors, represented the seller and buyer in the sale of All American Self Storage in Evansville, Indiana. The property was sold to a large regional buyer. The transaction took 30 days from contract execution to close. All American Self Storage is a well-established self storage facility located approximately 3 miles east of the CBD of Evansville. The facility is a 420 unit – 66,010 square foot (including 20,380 climate-controlled and 20 canopy covered RV rental spaces) facility. The property consists of…

StorageMart announces the official closing of an acquisition deal that adds nine first-class self storage properties in the Milwaukee Metro area to the company’s growing portfolio. This is a total of 712,899 net rentable square feet across 5,664 storage units. The new locations were acquired from former owners, Storage Masters, and are now operating under StorageMart management. Whether it’s a one-property deal or a multi-property acquisition, StorageMart is looking for the same base characteristics: Well-maintained properties at locations that are conducive to business with the right blend of market demand,…

Property: Conversion Project Location: Faribault, MN Broker and Brokerage: Kirk Martin of Lindsey Self Storage Group NRSF: 90,000 Property: Secure Boat and RV Development Site Location: Vero Beach, FL Broker and Brokerage: Josh Koerner and Frost Weaver, of Weaver Realty Group and Argus Self Storage Advisors Acreage: 8.8 Unit Count: 240 (Proposed) Property: K2 Storage Location: Seguin, TX Buyer: Andover Properties NRSF: 54,300 Unit Count: 321 Acreage: 5.0 Room for Expansion: Yes Property: Storage Made EZ Location: Evans Mills, NY Broker and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and…

InSite Property Group – the vertically integrated self storage acquisition, development, and management company – announces the acquisition of A Storage Center in Tacoma’s Parkland neighborhood. Located at 220 112th Street East in Tacoma, WA, the property offers 66,773 square feet of drive-up and interior heated and non-heated units. The store is surrounded by apartments, with 41,000 cars per day passing directly in front. The facility will be operated by InSite’s wholly-owned management firm and rebranded as SecureSpace Parkland Tacoma. Our planned renovation will position the store as one of…

SpareBox Storage, a national self storage platform focused on consolidating the highly fragmented self storage sector across the United States, announced today that it has acquired 28 stabilized properties in Michigan and Ohio and has added 1.9 million net rentable square feet to its portfolio. With this acquisition, SpareBox has opened up seven new markets in the Midwest with strong underlying fundamentals and demographics. Steve Treadwell, CEO of SpareBox Storage noted, “We are incredibly proud to complete our largest acquisition to date, with the addition of 28 properties in thriving…

Property: Watertown Storage Three Property Portfolio Location: Watertown & Evans Mills, NY Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 172,999 Unit Count: 1,307 Room for Expansion: Yes Highlights: One of the Largest Storage Facilities in Northern New York Two of the Sites Are Less Than a Mile from Each Other | The Third Site is Ten Miles Away Tenant Insurance Program and New Management Software Rolled Out in January 2021 New U-Haul Truck Rental Program Ready to…

A joint venture involving ASB Real Estate Investments and Arland Property Co. acquired a 595,888-rentable-square-foot self storage portfolio of eight buildings in Virginia and Maryland. The joint venture was in behalf of the ASB Allegiance Real Estate Fund, a $7.4 billion core vehicle that now totals 26,600 units and 2.3 million square feet. Virginia Chesapeake Resources Inc. was the seller. Self-Storage Plus will manage the properties. Source

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of SafeKeeping Self Storage, a 68,715-square foot self storage facility located in Weatherford, Texas. Brandon Karr and Danny Cunningham, investment specialists in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private partnership. The buyer, a long-time storage owner/operator based in DFW, was also secured by Mr. Karr and Mr. Cunningham. ‘Our team began…

KKR, a leading global investment firm, today announced that KKR has acquired five self storage properties totaling approximately 3,884 units for an aggregate purchase price of approximately $92 million. The properties were acquired in separate transactions with two different sellers. All five properties are strategically located in proximity to the high-growth metropolitan areas of Atlanta, Georgia (two properties), Phoenix, Arizona (two properties) and Orlando, Florida (one property). All were built or renovated between 2017 and 2020. “We are excited to further grow our self storage portfolio with these high quality…