Category: Recent Transactions

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…

Property: CubeSmart Self Storage (Third Party Managed) Location: Irving, TX Brokers and Brokerage: Bill Bellomy and Michael Johnson of Bellomy & Co. NRSF: 66,698 Units: 609 Highlights: Stabilized Class-A Facility 97% Physically Occupied 14 Miles from Dallas, TX Property: Boyle Street Self Storage Location: Akron, OH Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 25,220 Units: 146 Highlights: Below Market Rents Commercial Building Could Be Converted to Climate Controlled Self Storage and Professional Management Office Large Upside through Managing…

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…