Category: Recent Transactions

Albacado Limited Partnership sold a 2.96-acre lot on the corner of Beechwood Dr. and RT.125 in North Andover, Massachusetts to a private equity joint venture. The joint venture has received approvals to develop a state-of-the-art 90,000 square-foot self storage facility. This site is directly across the street from the redevelopment of a 2.5 million square foot Amazon distribution center. This self storage facility will serve the Andover, North Andover and Haverhill communities. North Andover and Andover have unmet demand for a facility of this type. Haverhill, MA downtown has gone…

Andover Properties, LLC (dba Storage King USA) has recently acquired a five-property portfolio located in the Dallas-Fort Worth metro area in an off-market transaction. Andover’s portfolio includes nine facilities in this market and nineteen in the state. Four out of the five properties are in North Dallas, which more than one million people have moved to since 2010 and will see 18% population growth and an additional 1.4 million jobs over the next decade.” The five-property, single-story portfolio is over 372,500 NRSF and 2,045 units, comprising a mix of drive-up,…

Midcoast Properties Inc. announces the recent sale of Storage World, located at 9887 Tara Blvd, Jonesboro, Georgia.  Midcoast Properties represented the Seller, with Dale C. Eisenman, CCIM, as lead broker.  The facility was sold to a National REIT. The facility, situated on 4.24 +/- acres, with 54,650 rentable square feet, has 421 storage units, comprised of both climate controlled and non-climate, drive-up and interior units, as well as boat and RV parking.  Amenities include surveillance cameras, an alarm system, ample lighting, personalized keypad entry and a rental office with moving…

The Williams Storage Group is pleased to announce the recent closing of Southpoint Storage in Terre Haute, Indiana. Marla Čolić, Senior Associate with Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the Seller, a local owner/operator. SouthPoint Storage is an immaculately maintained storage facility in the growing Terre Haute, IN market.” According to Čolić, who also procured the buyer, “SouthPoint Storage is an immaculately maintained storage facility in the growing Terre Haute, IN market. The seller is divesting into a new…

Andover Properties, LLC (dba Storage King USA) has recently acquired CubeSmart Self Storage in Phoenix, AZ, marking its third acquisition in the Phoenix MSA and eighth in the state. This property has had rapid lease-up growth to date given its high-end construction quality and prime location at a busy intersection. Our business plan is to stabilize occupancy and bring rates up to the market.” The 72,388 NRSF multi-story property, which opened in September 2018, is 100% climate controlled. The property is well situated at the intersection of W Glendale Ave…

Andover Properties, LLC (dba Storage King USA) has recently acquired Arcadia Storage in Milton, FL marking its sixth acquisition in the greater Pensacola area and 26th facility in the state. The property is 52,400 NRSF with a mix of climate-controlled units and drive-up units, in addition to commercial units and outdoor parking spaces. The property, built in 1993 and further expanded in 2004, sits on 9.8 acres with frontage along Hwy 90, which is a four-lane road with over 32,000 vehicles traversing it daily. “This facility is an excellent add-on…

Midcoast Properties, Inc. is pleased to announce the sale of Attics Storage, located in Newnan, GA.   Michael Morrison of Midcoast Properties, Inc., represented the seller.  The facility was sold to a regional buyer. Attics Storage is situated on 2.11 +/- acres consisting of 248 standard and climate self storage units as well as parking and mailboxes.   Amenities include perimeter fencing, security cameras, lighting, and electronic gates. This facility is located at 554 Corinth Rd., just north of I-85. Newnan is 40 miles southwest of Atlanta. The Self Storage market has…

JLL Capital Markets announced today that it has closed the sale of Springwood Self Storage, a 426-unit, Class A self storage facility in the northern part of Austin, Texas. JLL worked on behalf of the seller, Springwood Self Storage LLC. Wasatch Storage Partners purchased the asset. Springwood Self Storage comprises one three-story building that opened in 2017. Constructed to Class A standards, the facility contains modern amenities in its three stories, including all climate-controlled units, elevator access, retail-oriented customer service office and security features. The area surrounding Springwood Self Storage…

The Williams Storage Group of Marcus & Millichap is pleased to announce the recent closing of Almighty Storage in Denham Springs, Louisiana. Almighty Storage is a mix of 452 non-climate, 174 climate-controlled units and 53 spaces for boats and RVs within a little more than 84,000 rentable square feet. The facility is well located on LA-16 amongst a busy commercial corridor. Every deal has its fair share of speedbumps and this one was no exception; however, it was a fun deal to work on because it was a good property,…

Andover Properties, LLC (dba Storage King USA) has recently acquired CubeSmart Self Storage in Phoenix, AZ, marking its third acquisition in the Phoenix MSA and eighth in the state. The 72,388 NRSF multi-story property, which opened in September 2018, is 100% climate controlled. The property is well situated at the intersection of W Glendale Ave and N 19th Ave, which see over 40,000 and 29,000 vehicles per day, respectively. “This property is one of the top Class A assets in the market and helps to bolster our Phoenix portfolio offerings,…