Recent Closings: 1.11.22 – 1.17.22

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 & Millichap
NRSF: 34,250
Unit Count: 242 Non-Climate Controlled Units
Year Built: 2004/2005/2017
Occupancy: 95% (Physical)
Room for Expansion: Yes
Highlights:

  • High Daily Traffic Counts of 12,800 Cars Per Day off W State St
  • Updated Security: New Keypad and Gate Operation
  • Average Household Income within One and Three Miles Is Well Above the National Average

Property: AAA Safe-N-Sound Storage
Location: Spanish Fork, UT
Brokers and Brokerage: Mike Brandon and Ryan Clark of SkyView Advisors
NRSF: 46,550
Unit Count: 314
Highlights:

  • Robust Year Over Year Population
  • Excellent Proximity to Interstate 15
  • Over 106,000 Vehicles Daily

Property: All Secure Storage
Location: Conway, AR
NRSF: 62,030
Unit Count: 458
Buyer: Absolute Storage Management

Property: Brazos Moving & Storage
Location: Bryan, TX
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 64,290
Highlights:

  • C of O Deal
  • Roughly 1,000 Feet of Frontage on North Harvey Mitchell Parkway
  • Approximately 22,000 Vehicles per Day
  • 6.63 Square Feet per Capita

Property: Storage Maxx
Location: Homestead, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 42,306
Unit Count: 137 Non-Climate Controlled Units, 203 Non-Climate Controlled Units, 129 Parking Spaces and Ten Lockers
Occupancy: 93% (Physical)
Highlights:

  • Miami, Florida MSA Self Storage Facility
  • U-Haul Truck Rentals
  • Excellent Visibility and Street Frontage on Old Dixie Hwy
  • Convenient Location – Less than 1 Mile From U.S. Route 1
  • High Daily Traffic Counts: 3,800 Cars/Day off Old Dixie Hwy and 30,000 Cars/Day off U.S. Route 1
  • Dense & Growing Population: 114,184 People Living within Three Miles; 163,897 People Living within Five Miles -Represents an 80% Increase Since 2000

Property: Ultimate Boat and RV Storage
Location: Litchfield Park, AZ
Buyer: Andover Properties
NRSF: 314,000
Acreage: 16
Highlights:

  • Power Hook-Ups
  • Water and Dump Stations
  • 24/7 Security and Surveillance
  • 50-foot Turn Aisles
  • Detailing and Wash Bays

Property: Swift Self Storage
Location: Bradenton, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 65,700
Unit Count: 873 Climate-Controlled Units
Year Built: 2021
Occupancy: 95% (Physical)
Room for Expansion: Yes
Highlights:

  • Brand New, All Climate-Controlled, State-of-the-Art Facility
  • All Drive Up Units with Easy Unloading and Loading Access
  • Private Access Codes and Mobile App for Easy Entry
  • Newest Facility in Three-Mile Radius
  • Excellent Location and Great Street Frontage
  • High Daily Traffic Counts: 45,500 Cars per Day
  • Dense Population: 171,796 People Living within a Five-Mile Radius which Represents a 17% Increase Since 2000

Portfolio: Oklahoma City Three-Property Self Storage Portfolio
Location: Oklahoma City, OK
Brokers and Brokerage: Scott Schoettlin and Ryan Clark of SkyView Advisors
NRSF: 85,150
Occupancies: 95%+
Room for Expansion: Yes

Property: Plan-It Storage
Location: Denton, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 148,845
Unit Count: 1,146

Property: Safe & Sound Storage
Location: Pine Bush, NY
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 8,700
Unit Count: 84 Non-Climate Controlled Units
Occupancy: 100% (Physical)
Room for Expansion: Yes
Highlights:

  • Multiple Competitive Offers
  • Closed Above List Price
  • Orange County New York Stabilized Self Storage Facility
  • Very High Barrier to Entry and Very Low Competition Nearby
  • Undersupplied Self Storage Market | Saturation Metrics Well Below Averages
  • 2.31 NRSF/Capita within Five Miles | 2.43 NRSF/Capita within Three Miles
  • Tremendous Location and Visibility Along Ted Drive | Majority of Competition in Much More Rural Areas
  • Orange County, New York Is a Rapidly Growing County and Site Is in Close Proximity to Middletown, Newburgh and Poughkeepsie – All Seeing Tremendous Growth
  • Five Mile Population Around The Facility Has Grown By More Than 30 Percent Since 2000
  • Affluent Market: Average Household Income of $111,534 of People Living within Five Miles

Property: Store It All Texas
Location: Caddo Mills, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 168,917
Unit Count: 641

Property: Buffalo MSA Self Storage Facility
Location: Buffalo, NY MSA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 50,000+/-
Unit Count: 400+/- Non-Climate Controlled Units
Occupancy: 94% (Physical)
Room for Expansion: Yes
Highlights:

  • New Construction Self Storage Facility
  • Below Market Rents
  • On-Site Rental Kiosk
  • High Daily Traffic Counts: 12,900 Cars/Day
  • Undersaturated Self Storage Market: 5.65 NRSF Per Capita within a Three-Mile Radius; 6.04 NRSF Per Capita within a Five-Mile Radius
  • Dense Surrounding Population: 140,518 People Living within a Five-Mile Radius

Property: AllSize Storage
Location: Wichita Falls, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 64,900
Unit Count: 438

Property: Extra Space Storage (Managed)
Location: Hartford, CT MSA
Brokers and Brokerage: Aaron Sanchez and Ryan Clark of SkyView Advisors
NRSF: 57,767
Occupancy: 97% (Physical)
Room for Expansion: Yes, 13,015 NRSF
Highlights:

  • Over 140,000 Vehicles Daily
  • 168,000 Population in Three-Mile Trade Area

Property: Addison Airport Self Storage
Location: Addison, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 37,773
Unit Count: 249

Property: Bear Valley West Self Storage
Location: Victorville, CA
Brokers and Brokerage: Brett Hatcher, Gabriel Coe, Tasso Douglas, Jesse Cameron and Jacob Becher of The Hatcher Group of Marcus & Millichap
NRSF: 111,180
Unit Count: 576 Non-Climate Controlled Units
Year Built/Expanded: 2003/2005/2009
Occupancy: 99% (Physical)
Highlights:

  • Conveniently Located with Great Street Frontage
  • Less than One Mile from Highway 395 and Two Miles from I-15
  • Dense and Growing Population: 155,409 People Living within a Five-Mile Radius – Represents a 109% Increase Since 2000

Property: Superior Storage
Location: Lindale, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 25,820
Unit Count: 245

Property: Davis Rentals
Location: Green Cove Springs, FL
Brokerage: Brett Hatcher, Gabriel Coe, Nathan Coe and Meir Perlmuter of The Hatcher Group of Marcus & Millichap
NRSF: 85,705
Unit Count: 485

Property: Life Storage (Managed)
Location: Dallas, TX MSA
Brokers and Brokerage: Aaron Sanchez and Ryan Clark of SkyView Advisors
NRSF: 90,656
Unit Count: 881
Occupancy: 97% (Physical)
Room for Expansion: Yes, 13,015 NRSF
Highlights:

  • Class A Facility
  • REIT Managed

Property: Area Wide Storage
Location: Mount Pleasant, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 74,300
Unit Count: 476

 

Portfolio: I Stor-It Two-Property Portfolio
Location: Springfield, MO MSA
Brokers and Brokerage: Aaron Sanchez and Ryan Clark of SkyView Advisors
NRSF: 52,290
Unit Count: 314
Room for Expansion: Yes, 130,000 NRSF
Occupancy: 98% (Physical)
Highlights:

Property: Country Lane Storage
Location: Winnsboro, TX
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 22,500
Unit Count: 122

Property: County Line Self Storage
Location: Yukon, OK
Brokerage: The Karr Self Storage Group of Marcus & Millichap
NRSF: 104,184
Unit Count: 351

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