Category: Recent Transactions

Senior Vice President Tom de Jong of Colliers’ Self Storage Group acted as a consultant on behalf of the seller in a $20 million sale of a new Extra Space Storage facility in Tigard, Oregon, southwest of Portland. The sale closed on August 31, 2021 and was purchased by Red Hat Enterprises, an experienced self storage investor with 12 other properties managed by Extra Space Storage. The Extra Space Storage self storage facility is a third party managed facility and was completed in January 2020 and was sold by the…

Property: Public Storage (Managed) Three Property Portfolio Location: Chattanooga, TN and Greenville, SC Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 154,840 Unit Count: 1,453 Climate Controlled Room for Expansion: Yes Occupancy: 87% Combined (Physical) Highlights: Institutional Class-A Three Property Portfolio Two Locations in Chattanooga, TN – 3 Miles Apart from Each Other and One Located in Greenville, SC Available Expansion for 20 Additional Lockers at Downtown Location Excellent Locations and Street Frontage High Daily Traffic Counts: NorthShore: 18,000 Cars/Day |…

Berkshire Hathaway is pleased to report the sale of Terminal Storage located in the Myrtle Beach, South Carolina MSA. The property consists of 75,000 net rentable square feet of self storage and warehouse space. The property had been broadly marketed with three other self storage brokers over the last three years, and our client thought he may have to hold it forever.” Berkshire’s Cameron Vale, Senior Vice President, and Parker Sweet, President, represented the seller and secured the buyer. “This well occupied cash flowing asset presented tremendous upside in both…

Property: Advance Self Storage Center Location: Hager City, WI Brokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 61,560 Units: 376 Non-Climate Controlled | 62 Parking Spaces Occupancy: 98.4% Highlights: Below Market Rents Great Visibility Along US Hwy 63 High Daily Traffic Counts: 10,500 Cars per Day 40 Miles Outside of Downtown Minnesota Property: Extra Space Storage (Managed) Location: Surfside Beach, SC Closing Price: $9.7 Million Broker and Brokerage: James “Ashley” Compton of Colliers Buyer: Prime Group Holdings Seller: Ziff…

SROA Capital LLC has scooped up an additional 26 self storage facilities, bringing the Florida-based investment firm’s portfolio to more than 200 storage properties spread out mostly in secondary and tertiary markets east of the Mississippi River. SROA Capital operates self storage facilities under the Storage Rentals of America brand name. Acquiring StayLock Storage SROA Capital announced last week that it has purchased StayLock Storage for an undisclosed sum from two private investment firms based in St. Louis—Cequel III and Thompson Street Capital Partners. In the same announcement, SROA Capital…

Property: Former Macy’s Conversion Location: Canton, OH Brokers and Brokerage: Thomas K. Gustafson and Matt Davis of Colliers NRSF: 100,000+ Units: 950+ Highlights: Adjacent to High-Performing Super Walmart (Built 2005) 100% Climate Control (Planned) NOKĒ Smart Entry System (Planned – All Units) Two Floors | Both with Ground Level Access High Traffic Retail Corridor Location No Climate Control Competition within Over Three Miles Property: Mini Storage Depot Location: Fort Wayne, IN Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 45,200 Units:…

Andover Properties, LLC (dba Storage King USA) has recently acquired Extra Space Storage (Managed) in Phoenix, AZ, marking its fourth acquisition in the Phoenix MSA and ninth facility in the state. The ~55,000 NRSF and 670-unit facility consists of predominantly drive-up units, in addition to interior climate and non- climate controlled units and open parking. The facility has great visibility and is located on N 19th Ave, which sees nearly 28,000 vehicles per day. “We are continuing to make great strides expanding our portfolio in the fastest growing county in…

JLL Capital Markets announced today that it has closed the sale of Oakville Self Storage, a 934-unit self storage facility in the heart of the Oakville Triangle master-planned redevelopment in the Washington, D.C. community of Alexandria, Virginia. JLL worked on behalf of the seller, an institutional investor. Potomac Yard Mini U Storage, LLC, a Delaware Limited Liability Company with Dahn Corporation as general partner, in partnership with Elevation Fund 8, LLC purchased the asset, which is now operating under the Mini U Storage brand. The facility was managed by Self…