Recent Closings: 11.30.21 – 12.6.21

Portfolio: Extra Self Storage
Closing Price: $17 Million
Locations: Reno and Sparks, NV
Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group
Buyer: Northwest Building LLC
NRSF: 98,565
Unit Count: 914
Occupancy: 93%
Cap Rate: 4%

Property: California Development Land
Closing Price: $2.4 Million
Location: East San Jose, CA
Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group
Acreage: 0.76
NRSF: 70,000

Property: Cary, NC Self Storage Facility
Closing Price: $15 Million
Location: Cary, NC
Buyer: Extra Space Storage
Seller: Stein Investment Group
Acreage: 6.65
NRSF: 60,858

 

Portfolio: Extra Space Storage (Managed)
Location: Johnson City, TN
Brokers and Brokerage: Cameron Vale, Andrew Plunkett and Parker Sweet of Berkshire Hathaway
NRSF: 52,245
Unit Count: 480

Portfolio: Q-2 Self Storage (Two Facilities)
Location: Louisville, KY
Brokers and Brokerage: Cameron Vale, Andrew Plunkett and Parker Sweet of Berkshire Hathaway
Buyer: Midwest Private Equity Group
NRSF: 142,770
Unit Count: 1,000

Property: Accessible Self Storage
Closing Price: $1.15 Million
Location: Winston-Salem, NC
Buyer: Walkertown Self Storage
NRSF: 15,409
Acreage: 4.29

Property: NexGen Self Storage
Location: Yorktown, IN
Brokers and Brokerage: Jesse Luke of EquiCap Commercial
NRSF: 29,907
Acreage: 2.77

Property: Northpoint Storage
Location: Peoria, IL
Brokers and Brokerage: Jesse Luke and Mike Pistilli of EquiCap Commercial
NRSF: 102,600
Unit Count: 601
Acreage: 6.39

Properties: All-Stor Self Storage and By-Pass Mini Storage
Location: West Bend, WI
Brokers and Brokerage: Jesse Luke and Scott Rihm of EquiCap Commercial
NRSF: 61,260
Unit Count: 306
Acreage: 7.85

Properties: Port Washington Self Storage
Location: Port Washington, WI
Brokers and Brokerage: Jesse Luke and Scott Rihm of EquiCap Commercial
NRSF: 42,900
Unit Count: 245
Acreage: 3.34

Property: Wylie Boat & RV Storage
Location: Wylie, TX
Buyer: HAN Capital
Acreage: 10+
Unit Count: 153

Property: Fully Entitled Kings Mountain Development Opportunity
Location: Kings Mountain, NC
Broker and Brokerage: John Lindsey of the Lindsey Self Storage Group
Acreage: 4.36
NRSF: 46,425
Unit Count: 335
Highlights:

  • Immediate Frontage Along Oak Grove Road and Scism Road
  • 8,000+ Vehicles per Day

Property: Life Storage (Managed)
Location: Hammond, LA
Brokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 40,000
Unit Count: 265 Climate Controlled and 39 Non Climate Controlled
Occupancy: 95% (Physical)

Property: TK Secure Storage
Location: Logan, UT
Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire/Schlosser Group of Marcus & Millichap
NRSF: 37,936
Unit Count: 241 Drive-up and 15 Outdoor Parking Spaces
Highlights:

  • Paved Drive Aisles
  • Video Surveillance

Property: Eastland Storage
Location: North Versailles, PA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 7,166
Unit Count: 94 Climate Controlled
Occupancy: 94% (Physical)
Highlights:

  • Pittsburgh MSA Self Storage Facility
  • Excellent Location and Street Frontage
  • Dense Surrounding Population: 68,087 People within Three Miles; 179,965 People within Five Miles

Property: A-1 Meriden Road Self Storage
Location: Waterbury, CT
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 19,150
Unit Count: 77 Climate Controlled and 134 Non Climate Controlled
Occupancy: 100% (Physical)
Room for Expansion: Yes
Highlights:

  • Southwestern Connecticut Stabilized Self Storage Facility
  • Very Undersupplied Self Storage Market
  • Only 2.74 NRSF of Self Storage Per Capita within Five Miles
  • Below Market Rents
  • 155,198 People Living within Five Miles | 72,134 People Living within Three Miles

Property: American Garage Storage
Location: Friendsville, TN
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 97,740
Unit Count: 61 Climate Controlled, 139 Non Climate Controlled, 52 Lockers, 124 Covered Parking Spaces and Six Open Parking Spaces
Acreage: 16.13
Occupancy: 98% (Physical)
Year Built: 2014/2015
Highlights:

  • Approved Plans in Place for 74,000 NRSF Expansion
  • High Daily Traffic Counts: 13,900 Cars/Day
  • Population Growth of 38% within a Five-Mile Radius Since 2000

Property: Pike County Self Storage
Location: Milford, PA
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 25,250
Unit Count: 179 Non Climate Controlled
Occupancy: 85% (Physical)
Year Built: 2014/2015
Highlights:

  • Northeast Pennsylvania Stabilized Self Storage Facility
  • Below Market Rents
  • Site Is Completely Paved | Fenced | Well Lit | Security Surveillance
  • Located in Historical Milford and Pike County, PA
  • Pike County Is on the Delaware River and Part of the New York Metropolitan Area
  • Affluent Market: Average Household Income of $104,521 of People Living within a Three Mile Radius

Property: Easy Self Storage
Location: Houston, TX
Brokers and Brokerage: Dave Knobler of Marcus & Millichap
NRSF: 29,716
Unit Count: 172 Non Climate and 64 Climate Controlled
Highlights:

  • Over 125,000 Residents in Three-Mile Radius
  • 21,000 Vehicles per Day
  • Undersupplied Trade Area – Less Than Four SF/Capita
  • Amenities Including Security Lighting, Perimeter Fencing, Video Surveillance and an Electronically-Controlled Access Gate with Digital Keypad
  • On-site Manager’s Office and Residence

Source

Property: Class A Self Storage C/O Facility
Closing Price: $11 Million
Locations: Phoenix, AZ
Buyer: Strategic Storage Trust VI
Brokers and Brokerage: Norman Herd of Quantum Property Advisors
NRSF: 68,435
Unit Count: 653
Occupancy: 95% (Physical)

Property: C/O Facility
Closing Price: $4.28 Million
Locations: Tilton, NH
Buyer: Tilton Self Storage
Brokers and Brokerage: Matthew Bacon and Cassandra Farley of SVN (Seller) and Doug Martin of KW Commercial (Buyer)
NRSF: 67,050
Acreage: 6.75

Source

Property: Maxi Self Storage
Location: Naples, FL
Buyer: Andover Properties
NRSF: 42,000
Unit Count: 387 Non Climate Controlled

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