Category: Recent Transactions

A joint venture between Dallas-based self storage investment firm Montfort Capital Partners and Blue Vista Capital Management has purchased A3 Storage Centers, a 909-unit facility in San Antonio. The property was built on 3.7 acres in 2007. Jon Danklefs of Marcus & Millichap represented the joint venture in the transaction. Additional terms of sale were not disclosed. With this acquisition, Montfort Capital Partners now owns seven self storage assets in Texas. Source

Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of Coral Springs Self Storage Development Site, located at the intersection of Coral Ridge Dr and NW 41st Street in Coral Springs, FL. Weaver Realty represented the seller in the transaction and the sale closed in March of 2021. The property is located on 1.140 acres and includes site plan approval for a 106,586 GSF in an eight-story self storage building. Weaver Realty has been the Argus Self Storage Advisor Affiliate since 1999 covering the…

Merit Hill Capital purchased Good Spot Storage, a 30,013-square-foot self-storage facility at 3735 Mangum Road in northwest Houston. Dave Knobler and Chico LeClaire of Marcus & Millichap brokered the sale. 

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Extra Space Storage (managed), a 72,166-square-foot self storage facility located in Chicago Heights, Illinois, according to Grant Fitzgerald, Regional Manager of the firm’s Columbus office. Gabriel Coe and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus office and Sean M. Delaney, investment specialist in Marcus & Millichap’s Chicago Oakbrook office had the exclusive listing to market the property on behalf of the seller, a limited liability…

Go Store It has recently acquired an institutional quality self storage located in Clermont, FL a growing suburb of Orlando. This will be Go Store It’s fifth location in Florida. The Vault features 474 units and 60,000 net rentable square feet. It also features an ample amount of parking for cars, Boats, and RV’s. There is also a planned expansion for the facility. “This acquisition presents a unique opportunity for Go Store It and gives us more scale in a target market. There is a big demand for quality storage…

This New York City, NY MSA class A self storage facility received multiple competitive offers. Located in an inner suburb of North Arlington, NJ just West of Jersey City, Hoboken, the Lincoln Tunnel and Manhattan, the Extra Space Storage managed property offers 71,160 net rentable square feet throughout 940 total units. With excellent visibility from the Belleville Turnpike, the site opened September 17, 2020. Within 39 days, 60 units were rented due to the undersupplied high barrier to entry market of only 4.10 NRSF of storage per capita.  The $99,841…

Glendale, CA-based Public Storage, the world’s largest owner of self-storage facilities, has struck a deal that will make it a little bit bigger. Public Storage announced that the company entered an agreement to buy 48 self-storage locations from Columbia, MD-based ezStorage for a total of $1.8 billion. Public Storage plans to fund the purchase with unsecured debt. The deal is one of the most highly-valued self-storage transactions of all time, eclipsing Blackstone’s $1.2 billion purchase of 101 facilities from Simply Self Storage last year. The deal is also more than…

Andover Properties, LLC (dba Storage King USA) has recently acquired A+ Storage in Columbia, TN, marking its third acquisition in the state. A+ Storage is a 70,200 NRSF single-story facility situated on approximately 4.52 acres, offering a mix of climate, nonclimate, and parking. The property was developed in 2003 and expanded twice thereafter, most recently in 2017, when climate units were added. The facility sits adjacent to Nashville Highway, which sees an estimated 37,000 vehicles per day, and is just south of a 7.9M SF General Motors manufacturing plant which…

Jeff Gorden of The Gorden Group/KW Commercial has arranged the sale of 19.5 acres of land in Tucson, Arizona. The parcel sold April 8, 2021. The buyer’s development plan spans just under 20 acres and includes phased development of covered and uncovered RV Storage Spaces. Jeff Gorden represented the buyer. Jeff Gorden shared the following about the sale, “The buyer is an experienced developer of RV Storage and a repeat client of ours. We’ve also done business with this seller on multiple occasions. It was truly a pleasure to work…

Located in the heart of downtown Albuquerque, NM, American Self Storage is a 52,325 net rentable square foot facility consisting of 69 climate-controlled units and 343 non-climate controlled units. The facility is 100% physically occupied and in a densely populated area with 267,681 people within a five-mile radius and 99,762 people within a three-mile radius. For more information, contact Jacob Becher at 650.391.1783 or Jacob.Becher@MarcusMillichap.com.