Property: Weed Mini-Storage Location: Weed, CA Brokers and Brokerage: Ken Miller of the Northstate Commercial Partners of Argus Acreage: 1.7 acres NRSF: 13,400 Unit Count: 90 Property: Former Storage Hotel Facility (for Self Storage) Location: Grovetown, GA Buyer: U-Haul Acreage: 2.33 acres Unit Count: 422 climate-controlled units Highlights: Truck and trailer rentals Boxes and moving supplies Towing equipment Propane Property: The Extra Closet Location: Venice, FL Buyer: StorSafe NRSF: 13,219 Unit Count: 401 climate-controlled units Highlights: A planned Phase II development aims to add another 27,000 NRSF with…
Category: Recent Transactions
Recent Transactions: 8.22.2023 – 8.28.2023
Property: StoreEase Capshaw Road Location: Huntsville, AL Closing Deal: $5.6 Million Buyer: Reliant Real Estate Management (operates under Midgard Self Storage) Brokers and Brokerage: Ian Lindahl, Adam Schlosser, Chico LeClaire and Eddie Greenhalgh of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 59,150 Highlights: Video surveillance Electric gate with individual keypad access Fully fenced and gated entry 24-hour access Moving carts and dollies Online account management and payment Property: Route 59 Self Storage Location: Ravenna, OH Brokers and Brokerage: Nathan Coe, Brett R. Hatcher and Gabriel Coe of…
Recent Transactions: 8.15.2023 – 8.21.2023
Property: Affordable Self Storage Location: Denton, TX Brokers and Brokerage: Danny Cunningham and Brandon Karr of The Karr & Cunningham Group of Marcus & Millichap NRSF: 47,108 Unit Count: 332 Property: Westrock Indoor Sports & Entertainment Complex (operating as Cube Smart Self Storage) Location: Bardonia, NY Closing Deal: $35 Million Buyer: Prime Storage Nanuet, LLC Seller: 21 Pralle Owner, LLC (affiliate of the Renatus Group Square Feet: 70,000 Property: River Rock Storage Location: Gastonia, NC Brokers and Brokerage: Jonathan Spencer, Scott Heckert and Jonathan Spencer of Storage…
Recent Transactions: 8.08.2023 – 8.13.2023
Property: Box Self Storage Location: Panama City Beach, FL Buyer: Evelyn Capital Seller: Hickory Capital Group (HCG) Broker and Brokerage: Ashley Compton of Colliers Acreage: 2.45 acres NRSF: 75,225 Unit Count: 670 Highlights: Drive-through loading lane that provides immediate access to two freight elevators Surrounded by an estimated 14,402 individuals (5-mile radius) 16+ multifamily complexes Property: River Rock Storage Location: Gastonia, NC Brokers and Brokerage: Jonathan Spencer and Scott Eckert of The Storage Acquisition Group Acreage: 11.20 acres Square Feet: 124,374 Unit Count: 631
Recent Transactions: 8.01.2023 – 8.07.2023
Property: TEPCO Storage Location: New Braunfels, TX Brokers and Brokerage: Jon Danklefs and Sean M. Delaney of Marcus & Millichap Acreage: 1.43 acres Unit Count: 45 Property: Kansas Self Storage Development Site (for a new ground up 4-story class A self-storage facility) Location: Princeton, NJ Buyer: Blue Sky Princeton, LLC Seller: Downtown Equities II, LC Developer: Uplift Development Broker and Brokerage: Larry Goldman of Argus Square Feet: 98,000 Vehicles Per Day: 12,000 Property: Access Mini Storage Location: Zeeland, MI Broker and Brokerage: Sean Delaney of Marcus & Millichap…
Recent Transactions: 7.25.2023 – 7.31.2023
Property: Adkins Storage Location: Dillsboro, IN Broker and Brokerage: Rob Schick of Argus Self Storage Advisors Acreage: 1 Square Feet: 19,450 Unit Count: 152 Occupancy: 94% Property: Access Mini Storage Location: Zeeland, MI Brokers and Brokerage: Sean M. Delaney and Steve Chaben of Marcus & Millichap NRSF: 96,715 Unit Count: 496 non-climate-controlled units and 38 outdoor parking spaces Highlights: Trachte constructed buildings On-site office with rental kiosk Permit-ready three-building expansion (+/- 22,700 SF) Portfolio: Crescent City Portfolio (D&B Storage, Elk Creek Storage, A&B Storage, and Northcrest Storage) Location:…
Recent Transactions: 7.18.2023 – 7.24.2023
Property: Davenport Storage Center Location: Davenport, IA Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb and Tom Flannigan of Area Commercial Real Estate Services – the Broker Affiliates for the Argus Self Storage Advisors NRSF: 22,780 Unit Count: 108 drive-up, climate-controlled and portable container units Highlights: The property includes an on-site apartment Property: Bonus Room Storage Location: Candler, NC Buyer: StorSafe Square Feet: 40,733 (additional 6,000 Sq Ft on-site warehouse can be converted into extra storage units) Unit Count: 141 non-climate-controlled and 176 climate-controlled units + 39 parking…
Recent Transactions: 7.11.2023 – 7.17.2023
Portfolio: Self Storage Portfolio (2 Properties) Location: Caldwell, ID Buyer: StorageMart Square Feet: 131,686 (Combined) Portfolio: Self Storage Portfolio Locations: Greater Toronto, Hamilton and Montreal, Canada Closing Deal: $310 Million Buyers: Bluebird Self Storage and Storewest Developments ( purchased properties where 3,000 new units are planned) Buyer: SmartStop Self Storage (purchased 7,500 existing rentable storage units) Seller: NYX Capital Corp. Property: Andover Street Self Storage Location: Peabody, MA Closing Deal: $19 Million Year Built: February 2023 Buyer: Public Storage Seller: LCI Management Brokers and Brokerage: Nathan Coe, Brett…
Recent Transactions: 7.05.2023 – 7.10.2023
Property: Windermere Storage Location: Orlando, FL Closing Deal: $23.1 Million Buyer: Wentworth Properties Seller: Schrimsher Properties Square Feet: 89,145 Unit Count: 609 climate-controlled units + 351 parking spaces Office Building: 2,000 square feet Property: Cooper Street Plaza Retail Center (For Self Storage Development) Location: Arlington, TX Seller: Silver Star Properties REIT, Inc. Square Feet: 127,696 Occupancy: 90% Property: Farmington Self Storage Location: Farmington, NH Year Built: 1995 Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett R. Hatcher, Thomas Shihadeh and Gabriel Coe of The Hatcher and Coe Group…
Recent Transactions: 6.27.2023 – 7.04.2023
Portfolio: Storage Zone Portfolio (5 Property Portfolio) Location: Lubbock, TX Brokers and Brokerage: John Owens of KW Commercial Investment Advisors NRSF: 306,084 (room for expansion) Unit Count: 1,772 units Portfolio: Self Storage Portfolio (11 Properties) Location: Green Bay, WI Closing Deal: $34.2M Buyer: Rogers businessmen Patrick Byrd and Alex Baumeister Seller: Lok Safe Storage Brokers and Brokerage: Butch Gurganus of Focus Commercial Real Estate represented the buyers in the transaction and Sean Delaney of Marcus & Millichap closed the sale Square Feet: 475,141 (Combined) Occupancy: 98% Property: Valor…