Recent Closings: 2.22.22 – 2.28.22

Property: Freedom Storage Development
Location: Nashville, TN
Brokers and Brokerage: Andy Beeckman and Anne Williams-Blackwell of the Williams Group of Marcus & Millichap
NRSF: 71,744
Unit Count: 598 and Four Retail Units
Acreage: 1.93
Highlights:

  • Ground up Development Opportunity of a Class A Three-story 100% Climate Controlled Facility
  • Population of 52,557 within Three Miles
  • Median household income of $66,308
  • Located on Busy Retail Corridor

Property: Class A Facility
Sale Price: $24.5 Million
Location: Chino Hills, CA
Buyer: Buchanan Street Partners
NRSF: 95,500
Unit Count: 920

Property: REIT-Managed Self Storage Facility
Location: Red Bank, NJ
Brokers and Brokerage: Noah Obuchowski, Robert Bloch and Mike Mele of Cushman & Wakefield
NRSF: 59,100
Unit Count: 537
Acreage: 1.93
Year Built: 2019
Highlights:

Property: Harmar Storage Solutions
Location: Pittsburgh, PA MSA
Broker and Brokerage: Ryan Clark and Zachary Urow of SkyView Advisors
Buyer: Public Storage
NRSF: 49,055
Unit Count: 408
Highlights:

  • Class B Facility
  • Multiple Value-Add Opportunities
  • Average Household Income Exceeding $195,000 Annually
  • Less than 25 Miles from the Center of Downtown Pittsburgh
  • Premium Access to U.S. Highway 19, Interstate 76 and Interstate 79

Property: Madrone Office Park & Storage
Location: Wimberly, TX
Brokerage: Independence Commercial Advisors
Buyer: Public Storage
NRSF: 14,087
Unit Count: 112
Acreage: 1.0
Year Built: 1978/2001/2019
Highlights:

  • New Constructio Completed in 2019 on a 2,720 Square-Foot Climate-Controlled Building with Two Office Spaces Averaging +/- 224 Square Feet Each, Restrooms and a Shared Kitchen Area
  • 24-Hour Gated Keypad Access

Property: AAA Mini Storage
Location: Riverside, CA
Brokers and Brokerage: Tasso Douglas, Brett Hatcher, Gabriel Coe, Jesse Cameron and Jacob Becher of the Hatcher Group of Marcus & Millichap
NRSF: 37,854
Unit Count: 261 Non Climate Controlled Units and 12 Parking Spaces
Occupancy: 97% (Physical)
Highlights:

  • Signage Visible from I-215 which Has Daily Traffic Counts of Around 180,000 Cars/Day and 20,200 Cars/Day Off West Blaine Street
  • Dense and Growing Population: 205,959 People Living within a Five-Mile Radius

Property: Madison Self Storage
Location: Nashville, TN
Brokers and Brokerage: Andy Beeckman and Anne Williams-Blackwell of the Williams Group of Marcus & Millichap
NRSF: 9,675
Unit Count:  99 Climate and Non Climate-Controlled Units and 11 Open Parking Spaces
Highlights:

  • Rental Office
  • Security Cameras, DVR Recording System, Two Separate Gates with Keypad Access and a Third Gate for U-Haul Business
  • Located in a Densely Populated Area of Nashville
  • 53,696 People in a Three-Mile Radius and 126,078 in a Five-Mile Radius

Property: SecureStore
Location: Daleville, VA
Broker and Brokerage: Patrick Kidder of Meridian Storage Group
NRSF: 55,650
Unit Count: 483
Year Built: 2021

Property: IN Self Storage
Location: Sacramento, CA
Brokers and Brokerage: Tasso Douglas, Brett Hatcher, Gabriel Coe, Jesse Cameron and Jacob Becher of the Hatcher Group of Marcus & Millichap
NRSF: 22,308
Unit Count: 77 Non-Climate-Controlled, 152 Climate-Controlled and Eight Outdoor Parking Spaces
Occupancy: 95% (Physical)
Room for Expansion: Yes
Highlights:

  • High Daily Traffic Counts of 28,000 Cars per Day Off Exposition Blvd
  • Extremely Dense Population: 372,616 People within a Five-Mile Radius; 156,237 within a Three-Mile Radius

Portfolio: Security Self Storage Two-Property Portfolio
Location: Meriden and Wallingford, CT
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Group of Marcus & Millichap
NRSF: 45,587
Unit Count: 345 Non-Climate Controlled Units and 33 Parking Spaces
Occupancy: 98% (Physical)
Highlights:

  • Two Connecticut Self Storage Facilities Located Five Miles Apart
  • Multiple Offers Above List Price
  • Closed Above List Price
  • Each Facility Has Excellent Street Visibility
  • Dense Surrounding Population: Average of 109,864 People Living within a Five-Mile Radius of Each Facility
  • Affluent Market: Average Household Income of $99,076 of People Living within Five Miles of Each Facility

Property: Premier Storage
Location: Zanesville, OH
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Group of Marcus & Millichap
NRSF: 14,000
Unit Count: 102 Non-Climate Controlled Units

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