A Middletown self storage facility has sold for $2.2 million, town records show. The 49,300-square-foot property at 1511 Saybrook Road sold last month. The buyer was Gefen Self Storage CT I LLC, which is controlled by Steven Weinstock of Lakewood, New Jersey. The seller was Middletown Self Storage LLC, which is controlled by Michael Epright, an attorney in Haddam. The facility was built in 2000 and sits on 7.65 acres. Source

StorageMart adds a mix of regular and climate controlled storage units with the recent acquisition of a CubeSmart Self Storage facility in West Melbourne, Florida. The latest acquisition in a period of rapid expansion after a refinancing deal late last year, the property will be upgraded to deliver on the StorageMart brand promise of easy, clean, well-lit self storage products and award-winning customer service. In the coming months, upgrades will include improvements to loading accessibility and enhancements to security features. “We see this new addition to our portfolio as a…

Marcus & Millichap has brokered the sale of A Space Place Self Storage, a 320-unit self-storage facility in Huntsville, about 70 miles north of Houston. The property spans 50,940 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller and the buyer in the transaction. Both parties were limited liability companies that requested anonymity. Source

Independence Commercial Advisors is pleased to announce the closing of First Class Storage, a 39,070 rentable-square-foot facility in San Marcos, Texas, which is in the Austin, Texas MSA. First Class Storage was built in two phases in 2010 and 2017 and includes 7.81 acres of land. Nicholas T. Ling, Senior Director and Mark V. Diebold, Senior Director had the exclusive listing to market the property on behalf of the Seller, a private investor. Both Ling and Diebold also procured and represented Buyer in closing this transaction.

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…

VanWest Partners, an opportunistic investment firm specialising in commercial real estate acquisition, management, and sales, has acquired five self storage facilities via its newest fund, VanWest Self Storage Fund II, LLC. Year to date, the firm has closed on a total of seven self storage facilities representing just under USD30 million in total capitalisation. The five-property Michigan portfolio was closed in mid-March and includes two self storage facilities in the greater Detroit market and three self storage facilities in the Grand Rapids market. The portfolio totals just over 265,000 net…

Dallas-based self storage investment firm Montfort Capital Partners has purchased A3 Storage Centers, a 494-unit facility in Cedar Park, a northern suburb of Austin. The property was built on 5.6 acres in 1994 and spans 48,235 net rentable square feet. Jon Danklefs of Marcus & Millichap represented Montfort Capital, which plans to rebuild the leasing office and add a new climate-controlled building later this year, in the transaction. The seller was not disclosed. Source