Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Extra Space Storage (managed), a 72,166-square-foot self storage facility located in Chicago Heights, Illinois, according to Grant Fitzgerald, Regional Manager of the firm’s Columbus office. Gabriel Coe and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus office and Sean M. Delaney, investment specialist in Marcus & Millichap’s Chicago Oakbrook office had the exclusive listing to market the property on behalf of the seller, a limited liability…

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…

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…

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…

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. …

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…

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 &…

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. 

The North Texas Argus Team of Chad Snyder and Tyler Trahant closed their third self storage transaction of 2021 with SRE Self-Storage in Van Alstyne, TX to a local investor. The facility sits on 1.5 acres and offers 9,400 rentable square feet of storage. The sale closed March 2021. SRE Self Storage is a 71-unit storage facility located in Grayson County on the east side of Van Alstyne, Texas. Grayson County, which has seen growth of over 2% per year since 2016, will soon be welcoming the new master planned…