Category: Recent Transactions

Make Space Capital Partners is pleased to announce that it has completed a $51.6 million acquisition of seven storage investments from related party vendors. The storage investments are located from British Columbia to Ontario, including Vancouver Island, BC, Edmonton, AB, Calgary, AB, Kitchener, ON and Mississauga, ON. The addition of these assets validates the incredible work our team has done to create value in the fund for both present and future inventors.” The acquisition of these assets adds over 3,800 units and over 450,000 square feet of net rentable space…

Properties: Two Extra Space Storage Managed Facilities Closing Price: $23.6 Million Locations: Mooresville and Salisbury, NC Brokers and Brokerage: Morgan Windbiel of CBRE Acreage: 2.06 NRSF: 136,994 Unit Count: 1,385 Property: Go Store It Self Storage Location: Coral Gables, FL Buyer: SecureSpace Self Storage NRSF: 78,094 Unit Count: 1,070 Year Completed: 2019 Property: VIP Self Storage Location: El Cajon, CA Brokers and Brokerage: Keith Phillips and Charles “Chico” LeClaire of the LeClaire Schlosser Group of Marcus & Millichap NRSF: 23,620 Unit Count: 376 Non-Climate Controlled Property: Clinton Self Storage Location:…

Marcus & Millichap has arranged the sale of a 24-property self storage portfolio in Minnesota for an undisclosed price. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller, KO Storage, and procured the undisclosed buyer. The portfolio spans more than 700,000 net rentable square feet. Source

Portfolio: Two Auburn Self Storage Facilities Closing Price: $21 Million Location: Auburn, CA Broker and Brokerage: Morgan Windbiel of CBRE Buyer: Merit Hill Capital Unit Count: 938 Property: Weekender Storage Closing Price: $8.9 Million Location: Woodland, WA Broker and Brokerage: Christopher R. Secreto of Marcus & Millichap NRSF: 99,316 Unit Count: 245 Occupancy: 99% Properties: Two Self Storage Facilities Closing Price: $32.5 Million Location: Palm Beach County, FL Buyer: State Storage Group Property: Snohomish, WA Self Storage Facility Closing Price: $24.5 Million Location: Snohomish, WA Buyer: Cairn West NRSF: 104,672…

Portfolio: Self Storage Portfolio of 11 Properties Locations: San Francisco, CA Bay Area, Portland, OR and Austin, TX Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets Seller: Pegasus Buyer: SecureSpace Self Storage NRSF: 650,000 Unit Count: 6,550 Portfolio: Extra Space Managed Two-Property Portfolio Closing Price: $23.6 Million Locations: Salisbury and Mooresville, NC Broker and Brokerage: Morgan Windbiel of CBRE’s Self Storage Advisory Group Seller: Lakeland Village NRSF: 136,994 Unit Count: 1385 Property: MAX Storage Closing Price: $26.95 Million Location: Hurricane, UT Broker…

Property: U-Haul Closing Price: $18 Million Location: East Wenatchee, WA Broker and Brokerage: Christopher Secreto of Marcus & Millichap Property: KO Storage Closing Price: $4.39 Million Location: Rochester, MN Buyer: Storage Rentals of America Seller: KO Storage NRSF: 52,500 Unit Count: 332 Property: KO Storage Closing Price: $2.1 Million Location: Austin, TX Buyer: Storage Rentals of America Seller: KO Storage Property: U-Stor-It Location: Crete, IL Brokers and Brokerage: Jeffrey L. Herrmann and Sean M. Delaney of Marcus & Millichap NRSF: 30,860 Room for Expansion: Yes, 34,000 NRSF Occupancy: 91% Property:…

Portfolio: Aubin Lane Self Storage Closing Price: $18.8 Million Locations: Elkton and Northeast Parts of Cecil County, MD Brokers and Brokerage: Andrew Meeder and Tom Mottley of MacKenzie Commercial Real Estate Services NRSF: 125,000 Unit Count: 883 Property: Jetport Boat & RV Storage Location: Fort Myers, FL Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 117,552 Unit Count: 239 Property: Aubin Lane Self Storage Closing Price: $1.25 Million Buyer: Wong Cubes, LLC Location: Baton Rouge, LA Portfolio: Minnesota 24-Property Portfolio Location:…

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…