Recent Closings: 1.25.22 – 1.31.22

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 and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 171,990
Unit Count: 1,843

Property: La Crescenta Self Storage Facility
Closing Price: $26 Million
Location: La Crescenta, CA
Buyer: Gelt Inc.
Unit Count: 578
Year Built: 1989
Highlights:

  • 4.8 GSF/Capita within a Three-Mile Radius
  • Manager’s Office
  • Keypad and Gated Entry
  • 24-Hour Video Surveillance
  • Individual Door Alarms

Property: Walter Hill Storage
Location: Murfreesboro, TN
Brokers and Brokerage: Gabriel Coe and Brett Hatcher of the Hatcher Group of Marcus & Millichap
NRSF: 45,350
Unit Count: 273 Non-Climate Controlled Units, Four Office Spaces, Two Apartments and 82 Outdoor Parking Spaces
Occupancy: 88% (Physical)
Acreage: 9.28
Room for Expansion: Yes
Highlights:

  • High Daily Traffic Counts: 9,200 Cars/Day
  • Growing Surrounding Population – 65% Increase Since 2000
  • Affluent Market: Average Household Income within Three and Five Miles Is Well Above the National Average

Portfolio: Melissa, TX Storage Opportunity
Location: Dallas/Fort Worth, TX MSA
Brokers and Brokerage: Gabriel Coe, Brian Kelly and Brett Hatcher of the Hatcher Group of Marcus & Millichap
NRSF: 56,252
Unit Count: 459 Climate and Non-Climate Controlled Units
Acreage: 3.52
Year Built: 2021
Room for Expansion: Yes
Highlights:

  • Class A Self Storage Facility Located in Melissa, Texas – One of the Fastest Growing Submarkets in the Dallas/Fort Worth MSA
  • Excellent Visibility Along McKinney Street
  • High Daily Traffic Counts: McKinney St: 12,300 Cars/Day | State Hwy 121: 18,200 Cars/Day | US Route 75: 55,944 Cars/Day
  • Rapidly Growing Surrounding Area: Population Has Increased by 242% Since 2000
  • Affluent Market: Average Household Income within One, Three and Five Miles Is Well Above the National Average

Property: Benchmark Secured Storage
Location: Hartland, WI
Brokers and Brokerage: Bill Bellomy and Michael Johnson of Bellomy & Co.
NRSF: 48,054
Unit Count: 399
Highlights:

  • Class A Facility
  • Large Onsite Office
  • Three-Story Design
  • Fully-Enclosed Loading and Unloading Zone

Portfolio: Premier Storage of Zanesville
Location: White Cottage, OH
Brokers and Brokerage: Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Group of Marcus & Millichap
NRSF: 14,400
Unit Count: 102 Non-Climate Controlled Units
Occupancy: 99% (Physical)
Acreage: 3.52
Year Built/Renovated:1993/2020
Room for Expansion: Yes, Plans in Place for Additional 6,600 SF of Storage
Highlights:

  • Central Ohio Stabilized Self Storage Facility
  • 50 Miles from Columbus, Ohio
  • Recently Renovated in 2020 with New Gravel, LED Lights, LED Sign, New Video Surveillance and Paint
  • High Daily Traffic Counts: 6,500 Cars/Day off Maysville Pike (U.S. Route 22)

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