Category: Recent Transactions

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…

Portfolio: Two Self Storage Properties Locations: Kansas City and Lee’s Summit, MO Buyer: StorageMart NRSF: 112,266 (Combined) Unit Count: 796 units (Combined) Square Feet: 64,015 (Lee’s Summit Storage) Square Feet: 48,251 (Kansas City Storage) Acreage: 3.8 acres (Kansas City Storage) Highlights: On-site amenities for Kansas City Storage include; Video surveillance Parking for RV and boat Gated and drive-up access The Lee’s Summit storage facility offers; Video surveillance Gated and drive-up access On-site manager   Portfolio: Eight-Facility Self Storage Portfolio Locations: Ontario in Toronto, Mississauga, Burlington, Hamilton and Vaughan (Woodbridge) Closing…

Property: Osceola Self Storage Location: Osceola, IA Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan of Argus Self Storage Advisors (Argus) Acreage: 0.93 acres NRSF: 6,864 Highlights: Drive-up storage units Room for expansion   Property: Olson Mini Storage Location: Keewatin, MN Brokers and Brokerage: Alex Ihrke, Matt Haugen and Tom Flannigan of Argus Self Storage Advisors (Argus) Acreage: 1.68 acres NRSF: 9,640 Highlights: Drive-up storage units Room for expansion   Portfolio: Summit Self Storage Locations: Lee’s Summit and Kansas City, MO Buyer: StorageMart NRSF: 9,640 (Combined)…

Property: Central Virginia Stabilized Self Storage Portfolio Location: Oklahoma City, OK Buyer: LSC Development Brokers and Brokerage: Michael Brewster, Drew Quinn, Brad Peterson, El Warner and Charley Simpson of Colliers Square Feet: 161,190 Highlights: Plans for an adaptive reuse project including retail outlets and a self storage facility   Property: Storage General Cedar Location: Cedar City, UT Buyer: Utah Built LLC Seller: Garn Development Brokers and Brokerage: Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap NRSF: 456,758 Unit Count: 2,133 units Highlights: Electronic gate access…

Portfolio: Fortress Self Storage Portfolio (Four properties) Location: Lawton, OK Broker and Brokerage: Jared Jones of Jones Investment Real Estate (Oklahoma affiliate of Argus Self Storage Advisors) NRSF: 198,802 Highlights: The property has significant upside available through; Increased focus on revenue management strategies Implementation of tenant protection/programs and future expansion   Property: Self-Store-It Location: Cheshire, CT Year Built: 2014 Year Opened for Business: December 2021 Broker and Brokerage: Nathan Coe, Brett Hatcher, Gabriel Coe and John Krueger of The Hatcher Coe Group of Marcus & Millichap NRSF: 18,745 Unit Count:…

Portfolio: Watson & Taylor Portfolio (2 properties) Locations: Galveston and  Baytown,TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal Buyer: Andover Properties (dba Storage King USA) Seller: Steelcreek Baytown Storage, LLC & Steelcreek Galveston Storage, LLC NRSF: 104,830 Unit Count: 790 units   Property: Self-Storage Property (three-story building) Location: Eatontown, NJ Year Completed: 2022 Buyer: Strategic Storage Growth Trust III, Inc. Seller: Merchants Retail Partners Acreage: 3.1 Acres NRSF: 65,800 Unit Count: 730 interior climate-controlled units Vehicles Per Day: 30,000 Highlights: 24-hour security, video…

Portfolio: Purely Storage (Seven Property Self Storage Portfolio) Locations: Beaumont, Groves, Nederland, Bridge City, Orange, TX Brokers and Brokerage: Dave Knobler and Charles LeClaire of the The LeClaire-Schlosser Group of Marcus & Millichap NRSF: 389,501 Unit Count: 2,627 units   Property: Hattiesburg Climate Controlled Storage C/O Location: Hattiesburg, MS Year Built: 2023 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street Lot Size: 2.8 Acres NRSF: 50,225 Unit Count: 404 climate-controlled units Sq Ft per Capita: 6.9% (three-mile radius) Average Household Income: $128,216 (three-mile radius) Vehicles per Day:…

Property: Meadowlark Self Storage Location: Tonakset, WA Broker and Brokerage: Ryan Layton of AREA Commercial Real Estate of the Argus Self Storage Advisors NRSF: 13,400 Unit Count: 82 steel-framed units Occupancy: 98% Rate Per SF: $78.35 Highlights: The facility consists of two steel-framed storage buildings There is room for expansion and rental rate increases Secure in/out access gate Security system   Property: Recreational Storage Location: Royal, AR Broker and Brokerage: John C. Lindsey, Jim Ritchie and Matt Rosendale of Lindsey Self Storage Group NRSF: 24,720   Property: Sandia Skies Self…

Property: Ace Storage Location: Billings, MT Year Built: 1993 Brokers and Brokerage: Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors Acreage: 1.73 Acres NRSF: 33,600 Unit Count: 201 units Occupancy: 99% Vehicles Per Day: 11,600 Highlights: The subject property offers 3 buildings of well-maintained self-storage options The buyer will have the opportunity to increase revenue by implementing a tenant insurance program Capability to raise rental rates 23 percent to meet the market level No planned or new self storage construction in the five-mile radius Direct view of the…