Category: Recent Transactions

The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of StorageBay Rexburg, a 12,652 square foot storage facility located in Rexburg, Idaho. Jordan Farrer, Investment Associate, in the firm’s Salt Lake City office and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver office procured the Buyer.  “Through a number of conversations with the owners, we knew the family was looking to move on from the property and…

The facility, purchased by Trojan Storage, consists os 29,765 rentable square feet throughout 264 units.  CBRE’s Nick Walker, Trevor Roberts, and Morgan Windbiel represented the seller. Source

Zachary Urow and Ryan Clarke of Skyview Advisors arranged the sale of Extra Space Storage in Richmond, TX. The facility consists of 745 units throughout 93,630 rentable square feet.  Source

Zachary Urow and Ryan Clarke of Skyview Advisors brokered the sale of Advanced Self Storage of Wexford, a 36,600 square foot facility consisting of 283 units in Pittsburg, PA. The buyer and seller were not named and the price was undisclosed.  Source

Located at 8471 Davis Blvd, the Extra Space Storage Managed faciliity consists of 79,345 rentable square feet throughout 722 units. The seller, Davis & Radio Storage, LLC. was represented by Zachary Urow and Ryan Clarke of Skyview Advisors and sold for an undisclosed price.  Source

InSite Property Group bought a 3.5-acre site at the intersection of South Alameda Street and Firestone Boulevard in Los Angeles, CA. It intends to build a 121,000-net-rental-square-foot, climate-controlled SecureSpace storage facility with more than 1,200 units. There also will be two retail spaces. Source

Strategic Storage Trust VI, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today the acquisition of approximately 2.7 acres of land in the Weston neighborhood of Toronto, Ontario, Canada in a joint venture partnership with SmartCentres.  The land will serve as the development site for an approximately 1,200-unit self storage facility. Located at 1480 Jane Street, the planned six story facility is expected to encompass nearly 99,000 net rentable square feet of 100% climate-controlled self storage with a mix of…

Self storage developer InSite Property Group has acquired a 102,500-square-foot development site at 59-02 Borden Avenue in Maspeth, Queens from Home Depot for $18 million, according to city records. The sale represents a piece of a larger lot, which had been the site of a Coca-Cola bottling plant, that Home Depot bought for $63 million in 2018 to build a store. The home improvement company had announced plans to build a six-story self storage building on its own last year, but the project became a source of contention for Queens…

A vacant lot at the corner of Central Avenue and National Road that used to house a Kroger supermarket has been sold to an Indianapolis-based company that plans to convert the grocery store building into a self storage facility. On March 2, Tiptonia Partners LLC, located at 6440 Westfield Blvd. in Indianapolis, purchased the property for $3.6 million, nearly five months after the Columbus Board of Zoning Appeals approved the use of the property for a self storage facility, according to city and county records. In a conditional use application…

Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of Oakland Park Self Storage Development Site, located at the intersection of W. Oakland Park Blvd and NW 23rd Terrace in Oakland Park, FL. Weaver Realty represented the seller in the transaction and the sale closed in March of 2021. The property is located on 2.53 acres and includes site plan approval for a 113,496 GSF in two three-story self storage buildings. Weaver Realty has been the Argus Self Storage Advisor Affiliate since 1999 covering…