Category: Recent Transactions

Midcoast Properties Inc. announces the recent sale of Cherryfield Self Storage, located at 377 Old Rosman Rd., Brevard, NC. Dale C. Eisenman, broker in charge, along with Robert Moss, represented the seller. The facility was sold to an out of state regional operator. The facility, situated on 4.61 +/- acres, with 37,350 rentable square feet, has 377 storage units, which includes both standard drive up units and climate controlled units as well as outdoor parking. This well maintained facility is primed to add climate controlled units and is the only…

Midcoast Properties, Inc. is pleased to announce the sale of Lake Keowee Storage, located in Six Mile, SC. Dale C. Eisenman, broker in charge along with Michael Morrison of Midcoast Properties, Inc., represented the seller. The facility was sold to an out of state development company. Lake Keowee Storage offers 155 enclosed RV, boat and camper storage and is situated on approximately 10.5 acres. Amenities include perimeter fencing and 24/7 computerized gate access. This property also offers an opportunity for expansion. This facility is located at 3376 Walhalla Hwy., Six…

Andover Properties, LLC (dba Storage King USA) has recently acquired Space Self Storage in Corpus Christi, TX marking its 2nd acquisition in Corpus Christi and 22nd in the state. The 41,000 NRSF single-story facility comprises 300 drive-up units and has excellent visibility from State Highway 358, which sees over 164,000 vehicles per day. Additionally, the property is located in a dense residential neighborhood and is just 10 minutes from an existing Storage King USA facility. “Buying an asset in such close proximity to an already existing store makes this a…

Three Rivers Self Storage, a 53,100 net rentable square foot facility in the Cincinnati, OH MSA, was recently sold. The Hatcher Group of Marcus & Millichap brokered the deal. The 279-unit facility was built in 1998 and expanded in 2000, 2003, 2005 and 2016. The property has great visibility along North Miami Road and the market has demonstrated 23% population growth since 2000. Additionally, the average household income within a five-mile radius consists of $105,405.

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,…