Category: Recent Transactions

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. 

Bellomy & Co. announced the sale of Stadium Self Storage in Mansfield, Texas.  Mansfield is thirty-four miles southwest of Dallas.  The Class B property comprises 343 units in 43,745 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Stadium Self Storage Inc., the Mansfield, Texas based seller.  The team also procured the Austin based buyer, Bassdale Investments, LLC. 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 call Bellomy &…

The Williams Storage Group is pleased to announce the recent closing of D’Iberville Self Storage in D’Iberville, Mississippi. D’Iberville Self Storage is a 40,100 rentable square foot self storage facility consisting of 302 non-climate controlled units. The property was 65% occupied and sits on 3.6 acres.  According to Matt Porter of Marcus and Millichap, “I represented the buyer in this transaction, coaching my client, who is not from Mississippi, as to why this particular facility fit his investment strategy. This is the third facility that he has purchased with my…

The Colliers Self Storage Group is pleased to announce the sale of the A+ Storage located at 2689 Old Highway 31 North in Columbia, Tennessee.  A+ Storage Spring Hill LP,  sold the facility on March 30, 2021, to Angelo Gordon Real Estate Inc.  A+ Storage | Spring Hill will continue to benefit from its close proximity to the 7.9 million square foot General Motors plant, which recently announced a $2 billion expansion. A+ Storage sits on approximately 4.52 acres and consists of a two-story management office and thirteen single-story buildings. …

Marcus & Millichap has brokered the sale of A Space Place Self Storage, a 320-unit self-storage facility in Huntsville, about 70 miles north of Houston. The property spans 50,940 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller and the buyer in the transaction. Both parties were limited liability companies that requested anonymity. Source

StorageMart adds a mix of regular and climate controlled storage units with the recent acquisition of a CubeSmart Self Storage facility in West Melbourne, Florida. The latest acquisition in a period of rapid expansion after a refinancing deal late last year, the property will be upgraded to deliver on the StorageMart brand promise of easy, clean, well-lit self storage products and award-winning customer service. In the coming months, upgrades will include improvements to loading accessibility and enhancements to security features. “We see this new addition to our portfolio as a…