Recent Closings: 1.4.22 – 1.10.22

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 – Represents a 22% Increase Since 2000

Property: 2.3 Acre Development Site
Closing Price: $3.5 Million
Location: Laurel, MD
Buyer: Washington Property Company
Acreage: 2.3

Property: Ballard Mini Storage
Location: Seattle, WA
Buyer: InSite Property Group
NRSF: 20,786
Occupancy: 94%
Highlights:

  • 212,000 People Living within Three Miles
  • Median Household Income of $112,000
  • 20 Apartment Complexes in One-Mile Radius

Property: Stor U Self Storage
Location: Portland, CT
Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 68,774
Unit Count: 528 Climate Controlled and 122 Non-Climate Controlled Units
Year Built/Renovated: 2004/2016
Occupancy: 96% (Physical)
Highlights:

  • Multiple Competitive Offers
  • List to Close in Three Months
  • Hartford, Connecticut MSA Self Storage Facility
  • Excellent Visibility From The Arrigoni Bridge and Along Main Street/Route 17A
  • Traffic Count of 29,600 Cars Per Day Along Main Street
  • Seller Spent Significant Cap Ex Dollars Including New Roof
  • Limited Competition in the Area
  • $99,584 Average Household Income Of Those Living within One Mile
  • Growing Population

Portfolio: Arkansas Five-Property Self Storage Portfolio
Location: Walnut Ridge, AR
Broker and Brokerage: Larry Goldman of Goldman Investment Advisors and Argus Storage Advisors
Unit Count: 641

Property: Charlotte, NC Self Storage Facility
Closing Price: $21.8 Million
Location: Charlotte, NC
Buyer: KKR
Year Built: 2019

Property: Goffstown Back Road Self Storage
Location: Goffstown, NH
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 65,700
Unit Count: 72 Climate Controlled and 392 Non-Climate Controlled Units
Year Built/Expanded: 2018/2021
Highlights:

  • Southern New Hampshire Self Storage Facility
  • Property Sits on the Manchester-Goffstown Line – The West Side of Manchester Is an Underserved Market with Minimal Drive-Up Storage
  • New Expansion of 126 Units and 18,000 NRSF Just Completed
  • High Daily Traffic Counts: 7,200 Cars/Day
  • Dense & Growing Surrounding Population: 131,300 People Living within a Five-Mile Radius

Property: Budget Self Storage
Location: Bridgeport, CT
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 36,697
Unit Count: 383
Room for Expansion: Yes
Highlights:

  • Southern Connecticut/New York City MSA Self Storage Facility
  • Undersupplied Market Self Storage Market
  • Dense Surrounding Population: 276,556 Living within Five Miles | 183,618 People Living within Three Miles

Property: Modern Mini Storage & Car Wash
Location: Hartford, MI
Brokers and Brokerage: Jonathan Fawley, Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 26,925
Unit Count: 200
Occupancy: 100% (Physical)
Acreage: 1.25
Highlights:

  • Self Storage Facility and Car Wash
  • Strong Historical Physical Occupancy
  • Below Market Rents
  • Limited Competition in the Area: Closest Competition Is Over Six Miles Away

Property: A-1 Greencastle Self Storage
Location: Greencastle, PA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 71,426
Unit Count: 365 Non-Climate Controlled and Ten Climate Controlled Units, Three Commercial Spaces and 17 Parking Spaces

Portfolio: McWhorter Mini Storage Five-Property Portfolio
Locations: Courtland, Moulton, Town Creek and Trinity, AL
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 78,150
Unit Count: 543 Non- Climate Controlled and 24 Climate Controlled Units
Acreage: 14.2
Room for Expansion: Yes
Years Built: 2004, 2005, 2005, 2008, 2000/2020
Occupancy: 95% (Physical)

Portfolio: A-Z Self Storage Four-Property Portfolio
Locations: La Porte and Plymouth, IN
Brokers and Brokerage: Sean Delaney of Marcus & Millichap

Property: Pike County Storage
Location: Milford, PA
Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 25,250
Unit Count: 179 Non Climate Controlled Units

Property: CubeSmart Self Storage (Managed)
Location: Charleston, SC
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 70,774
Unit Count: 677 Climate Controlled Units and One Retail Space
Highlights:

  • Brand New, Four-Story, Class-A Self Storage Facility
  • Opened November 2020
  • Extremely High Barrier to Entry Market and Sub-Markets
  • Great Visibility and Street Frontage Along Ashley River Road
  • High Daily Traffic Counts: 37,000 Cars/Day
  • Convenient Location – Less than a Mile from Interstate 526
  • Charleston Is One of the Fastest Growing Cities in the U.S.
  • Dense & Rapidly Growing Surrounding Population: 145,441 People Living within a Five-Mile Radius – Represents a 14% Increase Since 2000

Property: Broad Street Self Storage
Location: Bristol, CT
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 16,300
Unit Count: 44 Climate Controlled, 111 Non Climate Controlled Units and Eight Parking Spaces
Occupancy: 95% (Physical)
Highlights:

  • Bristol, Connecticut Stabilized Self Storage Facility
  • Located in Hartford County and Almost Halfway between Boston and NYC
  • Below Market Rents
  • Only One Storage Facility within Three Miles Has Been Built in the Past 15 Years
  • Undersupplied Market: 3.76 NRSF of Self Storage/Capita within Three Miles
  • Excellent Location and Visibility Along Broad Street
  • High Daily Traffic Counts: 9,000 Cars/Day
  • Dense Surrounding Population: 111,772 People Living within Five Miles
  • Affluent Market: Avg. Household Income within Five Miles Is Well Above the National Avg.
  • Bristol Is the Home of ESPN and has an Average Household Income of Over $100,000

Portfolio: Boardwalk Storage Eight-Property Portfolio
Closing Price: $45 Million ($121.34 PSF)
Locations: Chattanooga,  TN, Macon and Dahlonega, GA
Brokers and Brokerage: Ashley Compton of The Colliers Self Storage Group
NRSF: 78,150
Unit Count: 543 Non- Climate Controlled and 24 Climate Controlled Units
Acreage: 54.13
Room for Expansion: Yes
Years Built: 2004, 2005, 2005, 2008, 2000/2020

Portfolio: EZ Self Storage and Stor Mor Self Storage
Location: Greeley, CO
Brokers and Brokerage: Thomas Parsons of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 38,960
Unit Count: 393

Property: Fruita Storage
Location: Fruita, CO
Brokers and Brokerage: Thomas Parsons of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 27,550
Unit Count: 201 Climate Controlled Units
Year Built: 2002
Highlights:

  • Drive-Up Access
  • Metal Rollup Doors
  • Security Cameras
  • 18,000 Vehicles per Day

Property: Tryon Mini Storage
Location: New Bern, NC
Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 29,610

Property: Sheets Self Storage
Location: Mt Airy, NC
Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 155,638

Property: America’s Storage Space
Location: Christiansburg, VA
Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 39,569

Property: All American Storage
Location: Clarksville, TN
Broker and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 93,750

Property: Markham Self Storage
Location: Jackson, TN
Brokers and Brokerage: Cameron Vale, Andrew Plunkett and Parker Sweet of Berkshire Hathaway
NRSF: 63,412
Unit Count: 362

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