Category: Recent Transactions

The Argus Self Storage Advisors North Texas Team, Chad Snyder and Tyler Trahant of Dominus Commercial, have successfully worked with buyers and owners in completing the purchase and sale of seven different self storage facility transactions in Q2 of 2021, bringing their half year total to 11 transactions. Chad and Tyler have both added value to ownership in valuation of their facilities in ensuring their facility transacts competitively in the market, as well as procuring facilities for buyers in the pursuit of both on and off market transactions. Ennis Self…

Property: Premier Boat & R.V. Storage Location: St. Augustine, FL Brokers and Brokerage: Nathan and Gabriel Coe, Brett Hatcher, Meir Perlmutter and Ryan Nee of the Hatcher Group of Marcus & Millichap NRSF: 91,098 (26,280 covered parking/64,818 uncovered parking) Spaces: 204 Occupancy: 98.53% (Physical) Year Built: 2016 (Phase I) and 2018 (Phase II) Highlights: Multiple Offers Above List Price Closed Well Above List Price Class A Boat & RV Storage One of the Nicest Boat & RV Sites in Florida State of the Art Accommodations and Accessories Including New Large…

Andover Properties, LLC (dba Storage King USA) has recently acquired Move It Storage in Sherman, TX marking its 10th acquisition in the Dallas-Fort Worth MSA and nineteenth in the state. Since bringing on a regional third-party manager one year ago, prior ownership has made great strides moving occupancy toward stabilization. With our hands-on institutional management, we plan to finish leasing up the facility and then move rates to the market.” The single-story property was built in 2006 and comprises 55,675 NRSF across 366 climate-controlled and drive-up units. The facility has…

Compass Self Storage, a member of the Amsdell family of companies, proudly announces the acquisition of their newest self storage center, located at 4100 E. I-30 in Fate, Texas.  Fate, Texas is one of the fastest growing cities in Texas and is located on the northeast side of the Dallas-Fort Worth Metroplex.  This self storage center, which has excellent visibility off Interstate 30, represents the eighth Compass Self Storage location in Texas and the 98th nationwide. We are very pleased to expand our local footprint to further meet the storage needs…

Levin Johnston of Marcus & Millichap has arranged the purchases of three properties in the Bay Area on behalf of a local private investor. The acquisitions totaled a combined $68.2 million. The transactions are: The $18 million acquisition of a 65,805-square-foot self storage facility located at 220 W. Ahwanee Ave. in Sunnyvale. The Storage Spot operates the 508-unit property. The $36 million purchase of Iris Park Apartments & Iris Garden Apartments, a 100-unit asset located at 611-641 Iris Ave. in Sunnyvale. The $14.2 million acquisition of Islander Apartments, a 38-unit,…

Make Space Capital Partners I LP on behalf of its investors, and investors in Make Space Capital Partners Fund (together, “the Fund”), is pleased to announce the $4,420,000 acquisition of a stabilized self storage facility in Regina, Saskatchewan. This investment will add another 290 units and 57,300 ft2 of net rentable space to the current portfolio, as well as be the first Saskatchewan-based operation in the Fund. This facility provides stable revenues, as well as growth potential, making it an ideal acquisition for the fund.” Danny Freedman, owner of Make…

CubeSmart has picked up a Palm Beach Gardens, Florida, self storage property for $23 million, the South Florida Business Journal reported Friday. The deal is for 10400 Riverside Drive, a 98,550 square-foot facility and the seller is an entity managed by investor Gary Cardamone, according to the report. Source

Property: Luray Business & Self Storage Location: Luray, VA NRSF: 30,010 Broker and Brokerage: Lindsey Self Storage Group   Property: Old Mill Storage Location: Concord, NC NRSF: 43,170 GSF: 62,180 Units: 326 and 40 outdoor parking spaces Brokerage: The Hatcher Group of Marcus & Millichap Year Built: 2017 Highlights: Below Market Rents Rapidly Growing Market Five-Mile Population of 96,173 | Represents a 37.43% Increase Since 2000 Property: CubeSmart Self Storage (Managed) Location: Providence, RI MSA NRSF: 62,000 Units: 616 Acreage: 2.0 Brokerage: The Hatcher Group of Marcus & Millichap Year…

From 6.23.21 – 6.30.21, the following transactions were recorded. Visit our “Recent Transactions” page to view more. Property: Kutztown Self Storage Location: Kutztown, PA NRSF: 22,243 Broker and Brokerage: The Hatcher Group of Marcus & Millichap Expansion Potential: Yes; approvals on 56,950 NRSF one mile away and awaiting permits Occupancy: 97.9% (physical)/86.3% (economic) Highlights: Two Eastern Pennsylvania stabilized self storage facilities 0.4 mile apart Upside through tenant insurance penetration Less than 0.5 mile from Kutztown University of Pennsylvania (roughly 8,300 students)       Property: Stowaway Storage Location: Madison Heights,…

The Colliers Self Storage Group is pleased to announce the sale of the Loganville Storage Development Site located at US Highway 78 & GA Highway 20 in Loganville, Georgia.  Walton Ranch, LLC, sold the parcel on June 18, 2021 to Storage Cap Leasing LLC for $800,000.  The Loganville Storage Development Site will benefit from its heavy traffic in a growing northeastern suburb of Atlanta and its location adjacent to the Loganville Town Center in Loganville, Georgia.  The development site sits within the Loganville Town Center next to Publix and behind Wendy’s,…