Recent Closings: 1.18.22 – 1.24.22

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: 2000

Property: Stör Self Storage
Location: Inver Grove Heights, MN
Brokers and Brokerage: Tom Flannigan, Alex Ihrke and Matt Haugen of KW Commercial, an Argus Self Storage Advisor Affiliate
NRSF: 89,920
Year Built: 2021

Property: Adventure Boat & RV
Location: Indian Mound, TN
Brokers and Brokerage: Anne Williams-Blackwell of The Williams Storage Group of Marcus & Millichap
NRSF: 78,512
Unit Count: 136
Year Built/Expanded: 2017/2018
Occupancy: 100%
Room for Expansion: Yes
Highlights:

  • Perimeter Fencing
  • Digital Video Surveillance
  • Keypad Gate Access
  • Extra Wide Drive Lanes
  • Managers’ Office

Property: CubeSmart Self Storage (Managed)
Location: Metairie, LA
Brokers and Brokerage: James Ashley Compton of Colliers International
Buyer: Hickory Capital Group
Seller: Provident Realty Partners
NRSF: 97,000
Unit Count: 1,050 Climate-Controlled Units
Acreage: 1.0744
Stories: Five

Property: Hanover Self Storage
Location: Hanover, PA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 18,750
Unit Count: 140 Non-Climate Controlled Units
Year Built: 2019
Occupancy: 100%

Property: Storage Perfecto
Location: Brownsville, TX
Brokers and Brokerage: Cameron Vale and Andrew Plunkett of Berkshire Hathaway
NRSF: 55,250
Unit Count: 418

Portfolio: Santa Fe Storage Four-Property Portfolio
Location: Santa Fe, TX
Brokers and Brokerage: Dave Knobler of Marcus & Millichap
Unit Count: 655 Non-Climate Controlled Units and 21 Outdoor Parking Spaces
Acreage: 4.35
Years Built: 1979/1980/1984

Portfolio: Reidsville Mini Storage Three-Property Portfolio
Closing Price: $5.125 Million
Location: Reidsville, NC
Brokers and Brokerage: Stacey Gorman of the Gorman Group of Marcus & Millichap
NRSF: 78,585
Unit Count: 38 Climate Controlled Units, 486 Non-Climate Controlled Units, 36 Parking Spaces and Three Rentable Offices
Acreage: 18.16

Portfolio: Security Storage of Palestine Two-Property Portfolio
Location: Palestine, TX
Brokers and Brokerage: Dave Knobler of Marcus & Millichap
NRSF: 117,275
Unit Count: 30 Climate Controlled Units, 797 Non-Climate Controlled Units and 12 Outdoor Parking Spaces
Years Built: 1980/1986

Property: Life Storage
Location: St. Louis, MO
Brokers and Brokerage: Sean Delaney of Marcus & Millichap
NRSF: 71,015
Unit Count: 426 Climate Controlled Units, 172 Non-Climate Controlled Units, 137 Parking Spaces and Three Rentable Offices
Year Built: 2019

Property: Stor-Ette Storage
Location: Dade City, Florida
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 42,125
Unit Count: 95 Climate-Controlled Units, 287 Non-Climate Controlled Units, 61 Portable Units and 16 Outdoor Parking Spaces
Room for Expansion: Yes
Occupancy: 93%
Highlights:

  • Very Well-Maintained Property
  • 30 Year U-Haul Business
  • Growing Surrounding Population: 26.8% Increase Since the Year 2000
  • High Daily Traffic Counts of 23,000 Cars per Day Off US Highway 301

Property: CubeSmart Self Storage (Managed)
Location: Houston, TX
Brokers and Brokerage: James Ashley Compton of Colliers International
Buyer: Hickory Capital Group
Seller: Provident Realty Partners
NRSF: 77,969
Unit Count: 819 Climate-Controlled Units
Acreage: .91
Stories: Five

Property: Life Storage (Managed)
Location: Carrollton, TX
Brokers and Brokerage: Zachary Urow and Ryan Clark of SkyView Advisors
NRSF: 90,656
Unit Count: 881

Property: Ables Mini Storage
Location: Ennis, TX
Brokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 87,320
Unit Count: 51 Climate Controlled Units, 578 Non-Climate Controlled Units and 46 RV Parking Spaces
Acreage: 8.76
Room for Expansion: Yes
Year Built: 1962/2013
Occupancy: 96% (Physical)
Highlights:

  • Dallas MSA Self Storage Facility
  • Conveniently Located off I-45
  • High Daily Traffic Counts: 4,900 Cars/Day off N Kaufman St and 2,200 Cars/Day Off Spur 469
  • Growing Surrounding Population: 31% Increase within a Five-Miles Radius Since 2000

Property: Volo Self Storage
Location: Volo, IL
Brokers and Brokerage: David Zehendner and Ryan Clark of SkyView Advisors
NRSF: 85,800
Unit Count: 545
Acreage: 7.55
Highlights:

  • No New Facilities in a Phase of Planning or Construction within Four Miles
  • Median Household Income Exceeding $104,000
  • Direct Frontage Along US Highway 12

Property: Perry, GA Self Storage Facility
Location: Perry, GA
Buyer: Boardwalk Storage Fund IV
NRSF: 46,744
Room for Expansion: 12,000 NRSF

Property: Copper Safe Storage
Location: Panama City, FL
Buyer: Andover Properties
NRSF: 62,500
Unit Count: 547
Occupancy: 45%
Year Built: 2021

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