Category: Recent Transactions

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,…

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…