Category: Recent Transactions

Midcoast Properties, Inc. announces the recent sale of two self storage facilities located in Elgin and Blythewood (Columbia), South Carolina.  Midcoast Properties represented the Seller, with Michael Morrison as lead broker.  The facilities, formerly operating as StorNGo, were sold to a national buyer. The Elgin facility is a new facility that opened in March 2020.  The Blythewood facility added four new buildings in 2019.  Together, these two facilities are situated on over 11 acres and feature both climate-controlled interior and climate-controlled drive-up units, and non-climate interior and drive-up units, as…

Acquisition enables Steel Storage Australia, a Janus Company, to enhance its self storage design and construction solutions offering to the Australasian market. Clearlake Capital Group, L.P. portfolio company Janus International Group, LLC., the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage and other industrial sectors, announced today that Steel Storage Australia, a wholly owned subsidiary of Janus, has acquired G&M Stor-More Pty Ltd., a premier provider of self storage design and construction solutions serving the Australasian market. The acquisition of…

Cushman & Wakefield has arranged the sale of Red Mountain Self Storage & RV in Mesa, AZ. Located at 5612 E. McDowell Road, the property consists of 645 units, 80 of which are RV/boat storage, throughout 78,000 square feet.  The class A development was built in 2018 and benefits from 66% occupancy.  Paul Boyle represented the buyer, Casa De Amigos Mobile Home Estates, as well as the seller, CHSS Fund-J And R Investments Mesa Red Mountain.

Located at 1575 and 1576 S. Nelson Drive in Chandler, AZ, the property is a 206,800 square-foot RV/boat storage and self storage facility which contains 647 total units made up of 594 RV/boat storage units and 53 climate controlled self storage units. The entire land area is 23 acres and the purchaser has plans to add an additional 450 new RV/boat covered stalls. The property was 100% occupied at the time of sale. The seller was Woudenberg  Properties, LLC and purchaser is Carefree Covered RV Storage Chandler, LLC. Paul Boyle,…