It has been a busy season for Adams Property Group, with the addition of five brand new properties to manage in the Southeast. In addition to managing their existing portfolio of almost two million square feet of self storage properties, the real estate investment group now owns and manages the newly built Monster Self Storage facilities in Valdosta, GA and Statesboro, GA. They also took on management responsibilities for the brand new Your Storage Units facilities that recently opened in Kissimmee, FL, Jacksonville, FL and North Augusta, SC. Other expansions…

Property: Independence Self Storage Location: Grantsville, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 82,550 Unit Count: 540 Property: Davie Self Storage Closing Price: $4.2 Million Location: Davie, FL Brokers and Brokerage: Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap NRSF: 19,248 Unit Count: 205 Property: Nalley Valley Self Storage Location: Tacoma, WA Buyer: SecureSpace NRSF: 60,272 Year Built: 1993 Property: Oklahoma City Self Storage Facility Closing Price: $7 Million Location: Oklahoma City, OK Buyer: Andover Properties NRSF:…

Invesco Real Estate picked up a 10-story self storage warehouse at 160 John Street in Vinegar Hill, Brooklyn, for $43.5 million, according to property records made public Monday. An entity tied to Invesco bought the property from Knickpoint Ventures’ Matthew Sprayregen for more than four times the $10.8 million it sold for in 2007, according to public records. Invesco closed on the sale July 12. Knickpoint repaid $38 million in debt dating back to 2017 from M&T Bank three days after the deal closed, according to public records. It was…

Two years since the start of the COVID-19 pandemic, self storage assets continue to be in high demand for both consumers and investors as many employees remain working from home. Investor interest in the Seattle metropolitan area continues to hold true, with recent deals exemplifying this trend. In one recent deal that closed on July 12, Harrison Street Capital acquired four self storage assets for a combined $147.6 million. In each transactions, Seattle-based Columbia Pacific Advisors was the seller. In the first transaction, Harrison Street acquired a 129,261 square foot…

Portfolio: Store Your Stuff Two Property Portfolio Locations: Clay and Baldwinsville, NY Brokers and Brokerage: Brett Hatcher, Luke Dawley, Nathan Coe and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 83,550 Unit Count: 748 Physical Occupancy: 100% Highlights: Two Property, Syracuse MSA Self Storage Portfolio Multiple Offers Well Above List Price Closed Well Above List Price Climate Controlled and Non-Climate Controlled Units Both Locations Have Dense, Growing and Affluent Surrounding Populations Excellent Locations and Street Frontage Property: Mojave Self Storage Location: Mojave, CA Brokers and Brokerage: Keith…