Category: Recent Transactions

Portfolio: KO Storage of Billings Three-Property Portfolio Location: Billings, MT Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 186,520 Unit Count: 147 Climate Controlled and 746 Non-Climate Controlled Highlights: Multiple Offers at and Above List Price Great Visibility at Each Location Growing Surrounding Populations at all Three Locations Affluent Market at 6nd Location – Average Household Income within One, Three and Five Miles Is Well Above the National Average Portfolio: Carroll County Storage Portfolio Locations: McKenzie and Huntingdon, TN…

SmartStop Self Storage REIT, Inc., a self-managed and fully-integrated self storage company, and Strategic Storage Growth Trust II, Inc. (SSGT II), a private REIT sponsored by an indirect subsidiary of SmartStop, announced today that the companies have closed their previously announced merger, in which SSGT II will merge into a newly-formed subsidiary of SmartStop in a stock-for-stock transaction that values SSGT II’s real estate portfolio at approximately $280 million. The combined companies will have a portfolio of 152 wholly-owned operating properties, representing approximately 11.7 million net rentable square feet and…

Property: Value Store It Self Storage Location: Worcester, MA Brokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 30,393 Unit Count: 440 Highlights: Recently Renovated Self Storage Facility Seller Added 140 Units in Early 2021 Nearly Doubling the NRSF Recent Capital Improvements: Painted Entire Interior, Replaced the Roof, Repaved Parking Lot, Added Keypad Access and Doubled the Number of Security Cameras Worcester Is New England’s Fastest Growing City and Home to Eight Colleges Undersaturated Self Storage Market High…

Property: Public Storage (Managed) Location: Birmingham, AL Broker and Brokerage: Ashley Compton of Colliers Self Storage Group NRSF: 102,292 Unit Count: 834 Acreage: 8.82 Properties: Two Development Sites Closing Price: $4.9 Million Location: Winston-Salem, NC Buyer: SROA Acreage: 5.2 Property: Storage and Retail Property Closing Price: $3.9 Million Location: Frederick, VA Buyer: Frederick Pike Holdings, LLC. Broker and Brokerage: Jamie A. Scully of Cushman & Wakefield NRSF: 27,000 (Storage) and 21,322 (Retail) Property: My Space Indoor Storage and Retail Location: South Bend, IN Brokers and Brokerage: Hunter Sells, Scott Schoettlin…

Property: Secure Storage Location: Richfield, NC Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 37,800 Unit Count: 262 Non-Climate Controlled Units Acreage: 6.42 Room for Expansion: Yes Year Built: 2018/2021 Highlights: Charlotte MSA Self Storage Facility Added New Units In December 2021 and Leased Up Extremely Fast Growing Surrounding Population Property: Elite Motorcoach Storage Location: Sarasota, FL Brokers and Brokerage: Gail Bowden of SVN Commercial Advisory Group NRSF: 14,000 Acreage: 5.56 Highlights: Hurricane-Proof Building 24-Hour Security Water Disposal Property: Vault…

Property: CubeSmart Self Storage (Managed) Location: Fort Myers, FL Brokers and Brokerage: Jonathan Fawley, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 76,100 Unit Count: 803 Climate Controlled Units Acreage: 1.96 Highlights: Brand New Class A All Climate Controlled Facility Located in the Heart of Fort Myers Strong Market Rents Great Street Visibility from MLK Boulevard Dense and Growing Surrounding Population: 116,190 People within in a Five Mile Radius, a 27% Increase Since the Year 2000 Property: Elite Motorcoach Storage Closing Price: $12.3 Million…

Montreal Mini-Storage announced today that it has completed a series of strategic acquisitions for a total consideration of $40,000,000, adding nearly 1,500,000 square feet of land and 1500 storage units to their portfolio. This series of acquisitions in Quebec’s Laurentians firmly positions the Montreal-based company as the market leader in the area. With facilities in St-Jerome, Sainte-Adele, Val Morin and Rawdon, Montreal Mini-Storage now has five convenient locations across the traditionally recreational and touristic area to better serve the rapid population growth that has brought over 25000 people from Quebec’s urban centers to the Laurentians since the start of the pandemic.…

StorageVault (SVI-TSX) has agreed to acquire seven stores from seven vendor groups for an aggregate purchase price of $171,600,000, subject to customary adjustments. Six of the acquisitions are arm’s length and one, totaling $14,000,000, is a related party acquisition with Access Self Storage Inc. as the vendor. It is anticipated that the acquisitions will close in Q2 and Q3 2022. Six of the assets are located in Ontario (four are core GTA) and one in Alberta. The acquisitions will result in StorageVault owning 204 stores and owning and managing 236…

Strong population growth and in-migration across the Sunbelt markets continue to fuel interest by leading real estate firms wanting in on self storage facilities. KKR acquired five new self storage properties totaling approximately 4,100 units from four different sellers through three deals for an aggregate purchase price of approximately $98 million. The properties are located in Phoenix, Arizona; Dallas, Texas; San Antonio, Texas and Palm City, Florida and are expected to bring “outsized demand over the medium to long term,” according to a release. The purchases were made through KKR’s…

Property: CubeSmart Self Storage (Managed) Closing Price: $8.505 Million Location: Chattanooga, TN Buyer: York Pc Chtn1 LLC. Seller: Chattanooga Storage LLC. Property: CubeSmart Self Storage (Managed) Closing Price: $4.672 Million Location: Chattanooga, TN Buyer: York Pc Chtn1 LLC. Seller: Dyersburg Self Storage Fund LLC. Property: Storage Star Location: Federal Way, WA Brokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of the Hatcher-Coe Group of Marcus & Millichap Buyer: SecureSpace NRSF: 92,244 Unit Count: 803 Non-Climate Controlled Units and 15 Outdoor Parking Spaces Building Count:…