Category: Recent Transactions

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,…

Bellomy & Co. announced the sale of a five property portfolio of self storage facilities in the Dallas / Fort Worth MSA. The class “A” facilities were built to the highest of institutional quality standards and included extra land for immediate expansions of the properties. The portfolio totaled 1,736 units and 329 parking spots spread over 278,840 rentable square feet. The properties are located in the fast growing cities of Aubrey, Crowley and Wylie. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Dallas, Texas based seller. Bellomy…

Bellomy & Co. announced the sale of the three property Cornerstone Storage Portfolio in Iowa. Each property is located northeast of Omaha/Council Bluffs MSA. The portfolio is comprised of 309 non-climate units and 45,000 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Cornerstone Storage LLC, the Nebraska based seller. Bellomy & Co. also procured the Missouri and Pennsylvania undisclosed buyers. 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, please…

One Stop Self Storage is pleased to announce that it will hold a Grand RE-Opening Event for its newly owned facility. This event will take place onsite the facility located at 155 South Superior Street Toledo, OH on Tuesday, June 8, 2021, at 11:30 AM. “We are excited to be hosting this event for the community. This will officially mark our store opening and will give the community an opportunity to see the new location and meet the Property Owner(s), and Property’s Managers,” said Regional Manager Heather Hughes-Meek. This 59,243…

The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Aransas Pass Storage, a 181,210 square foot storage facility located in Ingleside, Texas. “Corpus Christi’s growth is no secret, but we’re seeing excitement throughout the Coastal Bend and that’s reflected by the groups with a national presence that are investing in the area” Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire,…

Andover Properties, LLC (dba Storage King USA) has recently acquired a two-property portfolio in Tucson, AZ, increasing its footprint in the city to five properties. Combined, the two properties total over 200,000 NRSF across 1,750 units. “Our business plan is to stabilize occupancy at Fort Lowell and bring in-place rents to that of the market for both properties.” The properties, Fort Lowell and Coca Cola Place, are strategically situated within a 10–20-minute drive from each other and the three existing Storage King USA Tucson assets. Between them they have a…