Category: Recent Transactions

Portfolio: Tuscaloosa Two-Property Storage Portfolio Location: Tuscaloosa, AL Brokers and Brokerage: James Ashley Compton of Colliers International NRSF: 50,354 Unit Count: 524 Acreage: 7.95 Property: Voyageur Storage Location: Motley, MN Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors NRSF: 5,360 + 4,334 SF Three-Unit Rental Home Unit Count: 30 Property: Renton, WA Storage Facility Closing Pricee: $16.3 Million Location: Renton, WA Sellers: Urban Self Storage Portfolio: CubeSmart (Managed) Two-Property Portfolio Location: Atlanta, GA MSA Brokers and Brokerage: Ian Lindahl…

Philadelphia based self storage operator, Snapbox Self Storage, continues their expansion up and down the East Coast with the acquisition of three early lease-up properties in Windsor Mill, MD for an undisclosed price and in Fort Lauderdale, FL and Miami, FL for $38 million. All three properties closed in December 2021. Snapbox Self Storage – Windsor Mill, is located at 2760 Lord Baltimore Drive, Windsor Mill, MD, in the Windsor Mill neighborhood. Positioned in a great location and close to nearby cities Woodlawn, Lochearn, Randallstown, Catonsville, Millford Mill and near Western Baltimore. The 103,000 square-foot Class-A property with over 1,100 storage units was built in 2020 and…

Property: Class A Facility Closing Price: $20.2 Milllion Location: Langford, B.C. Brokers and Brokerage: Connor Braid, Harry Jones and Patrick Wood of William Wright Commercial, Victoria, B.C. NRSF: 39,525 Lot Size: 67,705 SF Acreage: 1.5 Year Built: 2020 Property: Self Storage Facility and Car Wash Location: Concord, NH Brokers and Brokerage: Joe Mendola of NAI Norwood Group, an Argus Self Storage Advisor Affiliate Unit Count: 443 Property: Alamo Boat & RV Storage Location: Lubbock, TX Brokers and Brokerage: John Owens of KW Commercial NRSF: 165,985 Unit Count: 396 Year Built:…

LandPark Advisors, LLC. acquired the self storage facility located at 11901 SF 249, Houston, TX, currently known as Easy Self Storage. LandPark intends to enact a comprehensive two-part strategy by extensively improving and rebranding the appearance of the facility and leasing up brand-new, climate-controlled units at market rates while capitalizing on the exceptional Houston MSA, both in terms of population growth and ongoing economic diversification. This was a unique opportunity for us since our management company, Right Move Storage, has managed this asset since 2017 and also coordinated the construction…

Portfolio: American Storage Portfolio Cap Rate: 6.5% Location: Amarillo, TX Brokers and Brokerage: John Owens of KW Commercial NRSF: 51,669 Unit Count: 380 Year Built: 2011 Occupancy: 84% Acreage: 3.03 Room for Expansion: Yes Portfolio: Extra Space Storage 16-Property Portfolio Locations: 12 States Brokers and Brokerage:  Aaron Swerdlin, Kenneth Cox and Taucha Hogue of Newmark NRSF: 1,300,000 Unit Count: 380 Buyer: Rosewood Property Company Property: All Town Storage Location: Granby, MA Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus &…

Reliant Real Estate Management, a Midgard Self Storage affiliate, has acquired a six-property self storage portfolio totaling 3,070 units in metro Atlanta. The properties traded for more than $67 million, according to Fulton County and Cobb County records. The seller was Your Extra Attic, a family-owned business. Marcus & Millichap arranged the transaction on behalf of the seller and helped procure the buyer. The facilities will operate under the Midgard Self Storage flag. Portfolio Breakdown The transaction included the 536-unit facility at 2909 Log Cabin Drive SE in Smyrna, Ga.…

Property: Store Here Self Storage Location: Chesapeake, VA Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 55,843 Unit Count: 450 Climate Controlled Units, Nine Suites and 23 Outdoor Parking Spaces Year Built: 2018 Occupancy: 95% (Physical) Highlights: Multiple Competitive Offers List to Close in Just Over Three Months Newly Built, Three-Story, Class-A Facility Great Visibility & Street Frontage Along Taylor Road High Daily Traffic Counts: 22,000 Cars/Day Densely Populated Area: 122,941 People Living Within a Five Mile Radius –…

The Colliers Self Storage Group is pleased to announce the sale of the Boardwalk Storage Portfolio.  The portfolio consists of eight properties with two locations in Chattanooga, four locations in the greater Macon area and two locations in Dahlonega.  The portfolio offered a substantial footprint of square footage within close driving distance. Storagemaster, Inc and Boardwalk Development Group sold the portfolio to Spartan Investment Group for $45,000,000 ($121.34 PSF).  The Boardwalk Storage Portfolio has a combined parcel size of approximately 54.13 acres.  The portfolio offers tenants 370,863 rentable square feet with 2,818…

Property: U-Stor-It Managed Facility Closing Price: $34M Location: San Diego, CA Buyer: Buchanan Street Partners Unit Count: 1,200 Year Built/Updated: 2003/2020 Source Portfolio: Five Properties in Indiana, Kentucky and Michigan Buyer: Pogoda Companies NRSF: 39,918 Unit Count: 2,819 Source Property: United Township Self Storage Location: East Moline, IL Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors Unit Count: 216 NRSF: 29,950 (6,850 Climate Controlled and 23,100 Standard Drive Up) Property: Amwell Valley Self Storage Location: Ringoes, NJ Brokers and…

Property: NRI Self Storage Location: Smithfield, RI Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap NRSF: 58,100 Unit Count: 293 Non-Climate Controlled Units, 147 Climate Controlled Units and 117 Parking Spaces Occupancy: 96% (Physical) Highlights: Providence, Rhode Island MSA Stabilized Self Storage Facility Multiple Offers Above List Price Closed Above List Price Below Market Rents Great Location and Visibility | High Traffic Counts and Visible from Route 295 13,300 Cars/Day Off Washington Hwy | 61,300 Cars/Day off Route…