Recent Closings: 12.7.21 – 12.13.21

Property: Crowning Touch Storage
Location: Marion, OH
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 35,552
Unit Count: 250 Non-Climate Controlled Units and 81 Parking Spaces
Occupancy: 97% (Physical)
Year Built: 2018/2019
Room for Expansion: 75,000 – 100,000 SF
Acreage: 22.52
Highlights:

  • Under Supplied Market and Fast Lease Up
  • High Daily Traffic Counts: 17,200 Cars/Day off US Route 23

Property: The Storage Space
Location: Mesquite, TX
Buyer: Andover Properties
NRSF: 74,000
Unit Count: 553 Non-Climate and Climate-Controlled Units
Highlights:

  • Convenient Access on Belt Line Road
  • Sees 22,000 Vehicles per Day

Property: Skylin Storage
Location: Cambria, NY
Purchase Price: $860,000
Acreage: 3.2
Unit Count: 38 Indoor Units and 66 Outdoor Units

Source

Property: AMS Storage
Location: Weatherford, TX
Brokers and Brokerage: John Lindsey of the Lindsey Self Storage Group
NRSF: 73,500

Property: Davis Rentals
Location: Green Cove Springs, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 85,705
Unit Count: 485 Non-Climate Controlled Units
Occupancy: 97% (Physical)
Year Built: 1996/2010
Highlights:

  • List to Close 49 Days
  • Multiple Offers
  • Closed Above List Price
  • Jacksonville, FL MSA Self Storage Facility
  • No Storage Competitors within Five Miles
  • Below Market Rents
  • High Daily Traffic Counts: 34,000 Cars/Day off U.S. Hwy 17
  • Rapidly Growing: 79% Population Increase within a Five Mile Radius Since 2000
  • Affluent Market: Average Household Income within One, Three and Five Miles Is Well Above the National Average

Property: Adult Toy Storage
Location: Altamonte Springs, FL
Purchase Price: $25.2 Million
Brokers and Brokerage: Neal Gussis of CCM Commercial Mortgage and Josh Koerner and Frost Weaver of Weaver Realty Group, LLC
Unit Count: 1,800
Acreage: 55.0
Room for Expansion: 14 Acres

Source

Property: ACE Self Storage
Location: Andover, OH
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus & Millichap
NRSF: 23,700
Unit Count: 168 Non-Climate Controlled Units
Occupancy: 100% (Physical)
Room for Expansion: Yes

Property: Vine View Storage
Location: Social Circle, GA
Brokers and Brokerage: Michael Morrison of Midcoast Properties
NRSF: 20,400
Unit Count: 116
Acreage: 5.6

Source

Property: Castleton Commerce Center
Location: Virginia Beach, VA
Purchase Price: $59 Million
Buyer: Cohen Investment Group
NRSF: 390,380
Acreage: 29
Highlights:

  • $58.15 Million Bridge Loan Provided by Eastern Union
  • Historically High Occupancy

Source

Property: St Cloud, FL Self Storage Facility
Location: St Cloud, FL
Buyer: Compass Self Storage
NRSF: 62,330
Highlights:

  • 24-Hour Digital Surveillance
  • Online and Contactless Rentals

Property: Howell, MI Self Storage Facility
Location: Howell, MI
Buyer: Compass Self Storage
NRSF: 52,000
Highlights:

  • 24-Hour Digital Surveillance
  • Online and Contactless Rentals

Source

Property: Stor It Self Storage
Location: Palmdale, CA
Brokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of The Hatcher Group of Marcus & Millichap
NRSF: 67,020
Unit Count: 213 Drive-Up Non-Climate Controlled Units and 419 Interior Non-Climate Controlled Units
Occupancy: 97% (Physical)
Room for Expansion: Yes
Highlights:

  • Undersaturated Self Storage Market: 7.74 NRSF/Capita within Three Miles | 6.53 NRSF/Capita within Five Miles
  • High Daily Traffic Counts: 11,000 Cars/Day
  • Dense & Growing Population: 129,440 People Living within a Five-Mile Radius

Property: Superior Storage
Location: Lindale, TX
Brokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quaschnik of The Karr Self Storage Team of Marcus & Millichap
NRSF: 25,820
Highlights:

Property: StorQuest Self Storage
Location: Arvada, CA
Brokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway
NRSF: 80,010
Unit Count: 672

Source

Property: County Line Storage
Location: Yukon, OK
Brokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quaschnik of The Karr Self Storage Team of Marcus & Millichap
NRSF: 104,184
Occupancy: 97% (Physical)
Room for Expansion: Two Acres of Raw Land

Source

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