Recent Closings: 12.21.21 – 1.3.22

Property: U-Stor-It Managed Facility
Closing Price: $34M
Location: San Diego, CA
Buyer: Buchanan Street Partners
Unit Count: 1,200
Year Built/Updated: 2003/2020

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Portfolio: Five Properties in Indiana, Kentucky and Michigan
Buyer: Pogoda Companies
NRSF: 39,918
Unit Count: 2,819

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Property: United Township Self Storage
Location: East Moline, IL
Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors
Unit Count: 216
NRSF: 29,950 (6,850 Climate Controlled and 23,100 Standard Drive Up)

Property: Amwell Valley Self Storage
Location: Ringoes, NJ
Brokers and Brokerage: Linda Cinelli and Edan Cohen of LC Realty and Argus Self Storage Advisors
Unit Count: 265 Drive Up and a Two-Story Office Building
NRSF: 27,400
Acreage: 3.0
Year Built: 1992

Property: Inver Grove Storage
Closing Price: $1.851M
Location: Inver Grove Heights, MN
Brokers and Brokerage: Matt Haugen, Alex Ihrke and Tom Flannigan of KW Commercial Minneapolis and Argus Self Storage Advisors
NRSF: 46,870 (36,630 Outdoor Storage and 10,240 Shipping Containers)

Property: Barrie Southend Public Storage
Location: Barrie, Ontario
Buyer: Apple Self Storage
Highlights:

  • 24/7 Access and Security Monitoring
  • Located in Fast-Growing Market

Properties: Four Facilities from Multiple Sellers
Location: Northwest AR and Spartanburg, SC
Buyer: SpareBox Storage
NRSF: 400,000

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Property: A+ Storage
Closing Price: $26.5M
Location: Nashville, TN
Brokers and Brokerage: James Ashley Compton of Colliers International
NRSF: 103,610
Unit Count: 780
Acreage: 5.08

Property: Burgaw Mini Storage
Location: Burgaw, NC
Brokers and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 34,100

Property: Storage Port
Location: Tanner, AL
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 125,060
Unit Count: 545 Non-Climate Controlled Units, 26 Climate Controlled Units and Two Class A Office Spaces
Highlights:

  • Huntsville, Alabama MSA Self Storage Facility
  • Brand New, Class-A Facility
  • Opened Q3 2020
  • Only Storage Facility Within a 5.50 Mile Radius
  • State-of-the-Art Security Features
  • Self-Service Kiosk Rentals
  • Population has Increased by 117% Since the Year 2000 within a Five Mile Radius
  • Significant Residential Developments within a Three and Five Mile Radius
  • 41% Job Growth Over the Next Ten Years
  • Daily Traffic Counts: 4,500 Cars/Day

Property: New Jersey Storage Development Opportunity
Location: North Bergen, NJ
Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 130,000
Acreage: 2.00
Unit Count: 1,591 Proposed
Highlights:

  • Great Visibility Along West Side Avenue
  • Approx. Five Miles via Lincoln Tunnel from Downtown Manhattan
  • Dense Surrounding Population: 342,988 People within Three Miles | 1,579,804 People within Five Miles
  • Affluent Market: Average Household Income within Three and Five Miles As Well Above the National Average

Property: Spacebox Storage
Location: Fort Myers, FL
Brokers and Brokerage: Brett Hatcher, Meir Perlmuter, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 112,172
Unit Count: 595 Climate Controlled Units and 119 Parking Spaces
Occupancy: 94% (Physical)
Year Built: 2019
Highlights:

  • Newly Built, Class-A Facility
  • Below Market Rents
  • Dense Surrounding Population: 63,338 People within Three Miles | 138,886 People within Five Miles – Population has Increased Over 33% Since the Year 2000 within Five Miles

Property: All Safe Mini Storage
Location: Salinas, CA
Brokers and Brokerage: Brett Hatcher, Tasso Douglas, Jesse Cameron, Nathan Coe, Gabriel Coe and Jacob Becher of The Hatcher Group of Marcus & Millichap
NRSF: 39,725
Unit Count: 336 Non Climate Controlled Units
Occupancy: 79% (Physical)
Acreage: 3.0
Year Built: 1996
Highlights:

  • Below Market Rents
  • Undersaturated Self Storage Market
  • Densely Populated: 164,335 People within a Five-Mile Radius

Property: Maximus Self Storage
Closing Price: $3.06M
Location: Cocoa, FL
Brokerage: The Travis Self-Storage Group of Marcus & Millichap
NRSF: 21,598
Unit Count: 250 Climate Controlled Units
Highlights:

  • Well-Maintained, Stabilized Facility
  • Recently Upgraded

Property: 4Bee Self Storage
Closing Price: $1.25M
Location: St. Petersburg, FL
Brokerage: The Travis Self-Storage Group of Marcus & Millichap
NRSF: 12,410
Unit Count: 85
Highlights:

  • Tampa, FL MSA
  • Closed Above Listing Price
  • Under Agreement within 48 Hours

Property: Discount Storage
Location: Plymouth, IN
Brokerage: Marcus & Millichap
NRSF: 53,257
Unit Count: 88 Climate Controlled, 274 Non Climate Controlled and 19 RV Spaces
Occupancy: 90%
Year Built: 2016

Source

Portfolio: A-Z Self Storage Four-Property Portfolio
Locations: La Porte and Plymouth, IN
Brokerage: Marcus & Millichap
Room for Expansion: Yes
Highlights:

  • Stabilized Facilities
  • Climate and Non Climate Controlled Units

Property: S & S Self Storage
Closing Price: $825K
Location: Seffner, FL
Brokerage: The Travis Self-Storage Group of Marcus & Millichap
NRSF: 10,300
Unit Count: 114
Highlights:

  • Tampa, FL MSA
  • Strong Demographics
  • Multiple Offers Received

Portfolio: A Storage Place Two Property Portfolio
Location: Wilmington, NC
Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 154,576
Unit Count: 1,308 Non-Climate Controlled and Climate Controlled Units
Highlights:

  • Several Offers Above List Price
  • Closed Well Above List Price
  • 43 Outdoor Parking Spaces at Oleander Facility
  • Dense and Growing Surrounding Population: Average of 137,729 People Living within Five Miles of Each Facility
  • Shipyard Location Has Two Apartments (Manager and Owner Apartments)
  • Oleander Location Has One Manager Apartment
  • High Daily Traffic Counts: Shipyard Blvd: 17,000 Cars/Day | Oleander Dr: 30,000 Cars/Day

Property: Staatsburg Self Storage
Location: Staatsburg, NY
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 29,165
Occupancy: 98% (Physical)
Room for Expansion: 11,150 NRSF
Highlights:

  • Hudson River Valley Stabilized Storage Facility
  • $500,000 in Capital Expenditures Over the Past Couple of Years
  • Site Was Built in 1986 and Renovated in 2016 & 2019
  • Located Directly on State Route 9, the Primary Highway Connecting New York City to the Hudson River Valley & Albany
  • Average Household Income within One, Three and Five Miles Is Well Above the National Average

Property: Dunn Avenue Storage
Location: Jacksonville, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 71,660
Unit Count: 464 Climate-Controlled Units and 171 Non Climate-Controlled Units
Occupancy: 99% (Physical)
Highlights:

  • Multiple Competitive Offers
  • List to Close in Three Months
  • Closed Very Close to List Price
  • Four-Story, Class-A Facility
  • Great Visibility Along Dunn Avenue
  • High Daily Traffic Counts: 18,400 Cars/Day
  • Dense Area: 97,049 People Living within Five Miles
  • Population has Increased by 20% Since the Year 2000 within a Five Mile Radius

Property: CubeSmart Self Storage (Managed)
Location: Broomfield, CO
Brokers and Brokerage: Charles “Chico” LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 40,050
Unit Count: 359
Year Built/Expanded: 1980/1995
Highlights:

  •  189,000 people and 75,000 Households within the Trade Area
  • Forecasted Population Growth of 7% Over the Next Five Years

Property: United Stor-All
Location: Denver, CO
Brokers and Brokerage: Charles “Chico” LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 42,132
Year Built: 1926

Portfolio: Two Extra Space Storage (Managed) Facilities
Locations: Broomfield and Loveland, CO
Brokers and Brokerage: Charles “Chico” LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 158,458

Property: Extra Space Storage
Location: Englewood, CO
Brokers and Brokerage: Charles “Chico” LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 84,234
Unit Count: 917 Climate Controlled
Highlights:

  • Class A Facility
  • Excellent Street Visibility
  • Located in Heavily Trafficked Denver Tech Center

Portfolio: Five Central Florida Facilities
Locations: Sanford, Orlando, Valrico and Tampa, FL
Brokers and Brokerage: Charles “Chico” LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 373,215
Unit Count: 3,020
Highlights:

  • Class A Facilities
  • Public REIT Buyer
  • Sixth Facility Under Contract and Expected to Close in February of 2022

Portfolio: Two Cincinnati, OH Facilities
Locations: Cincinnati, OH MSA
Brokers and Brokerage:  Zachary Urow, Richard Riddle and Ryan Clark of SkyView Advisors
NRSF: 170,528

Property: Public Storage
Closing Price: $10.25M
Location: Chattanooga, TN
Buyer: Southeast One, Inc.
NRSF: 93,315
Acreage: 1.7

Property: Florida New Build
Location: Apopka, FL
Buyer: Strategic Storage Trust VI
NRSF: 44,300
Room for Expansion: 28,250 NRSF

Property: Florida New Build
Location: Bradenton, FL
Buyer: Strategic Storage Trust VI
NRSF: 64,400

Source

Property: All Purpose Storage
Location: Church Hill, TN
Broker and Brokerage: Michael Morrison of Midcoast Properties
Unit Count: 44
Acreage: 4.8
Highlights:

  • Perimeter Fencing
  • Security Cameras
  • Lighting
  • Electronic Gated Keypad Entry

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Property: American Self Storage at Bermuda Run
Location: Advance, NC
Broker and Brokerage: Michael Morrison of Midcoast Properties
Room for Expansion: Yes
Highlights:

  • Perimeter Fencing
  • Security Cameras
  • 24-Hour Access

Source

Portfolio: Detroit, MI Self Storage Facilities
Locations: Waterford and Pontiac, MI
Buyer: Andover Properties
NRSF: 137,900
Unit Count: 842

Property: Self Storage Facility
Closing Price: $18.7M
Location: North Bend, WA
Buyer: Self-Storage Portfolio XV DST/Inland Real Estate Group
Seller:  MHC 76/CubeSmart

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Property: Detroit, MI Self Storage Facilities
Closing Price: $35M
Location: Marysville, WA
Seller: Anchor Storage, LLC.

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