Recent Closings: 4.19.22 – 4.25.22

Portfolio: Harrison Street Eight-Property Portfolio
Locations: Texas, Illinois and North Carolina
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL
Unit Count: 4,317
Occupancy: 93%
Year Built: 2004

Property: Hammer Lane Self Storage
Closing Price: $25 Million
Location: Stockton, CA
Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group
Buyer: Northwest Building
NRSF: 109,800
Unit Count: 526 Climate-Controlled Units and 99 Parking Spaces
Year Built: 2004

Property: All Pro Self Storage
Location: Winston-Salem, NC
Brokers and Brokerage: John C. Lindsey of Lindsey Self Storage Group
NRSF: 52,275

Property: CubeSmart Managed Self Storage Facility
Location: Swansea, MA

Brokers and Brokerage: Bill Sitar of The Storage Acquisition Group
NRSF: 68,155
Unit Count: 717

Property: Burlington Self Storage
Location: Burlington, MA

Buyers: Baranof Holdings and Invesco Real Estate
NRSF: 89,014
Year Built: 1990

Property: DealPoint Merrill Self Storage Facility
Closing Price: $20 Million

Location: Benbrook, TX
NRSF: 112,000
Unit Count: 982 Climate Controlled Units
Highlights:

  • Class A Facility
  • Includes 10,035 Square Foot Goodwill
Property: Magnolia Storage
Location: Gautier, MS

Brokers and Brokerage: Anne Williams-Blackwell and Matt Porter of the Williams Group of Marcus & Millichap
NRSF: 20,608
Unit Count: 110 Non-Climate Controlled Units, Eight Parking and Two Retail Spaces
Room for Expansion: Yes
Highlights:

  • Below Market Rates
  • High Traffic Counts in Surrounding Area
  • Fully Fenced and Gated
Portfolio: All Purpose Storage Four-Property Portfolio
Locations: Berwick and Naples, ME and Rindge and Somersworth, NH

Brokers and Brokerage: Nathan Coe, Luke Dawley, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 50,774
Unit Count: 398
Occupancy: 90% (Physical)
Room for Expansion: Yes
Highlights:

  • Non-Climate Controlled and Climate-Controlled Units
  • Excellent Locations and Street Frontage
  • Affluent Markets and Growing Surrounding Populations
Property: Northside Self Storage
Location: Jackson, MI

Brokers and Brokerage: Tom Berlin of Marcus & Millichap
NRSF: 35,910
Acreage: 5.13
Unit Count: 343 Drive Up Units
Room for Expansion: Yes
Year Built: 1994

Portfolio: Copper Safe Storage 21-Property Portfolio
Locations: Alabama, Florida, Georgia, Mississippi and Tennessee
Brokers and Brokerage: Eddie Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap
Buyer: Cohen Investment Group

Seller: Adams Property Group
Unit Count: 3,058

Portfolio: Monster Self Storage Three-Property Portfolio
Closing Price: $48.5 Million
Locations: Winston-Salem, NC, Charleston, SC and Savannah, GA

Buyer: Life Storage
Seller: Adams Property Group

Property: A Sentry Mini Storage
Location: Anchorage, AK

Brokers and Brokerage: David Zehendner, Bryce Josepher and Scott Schoettlin of SkyView Advisors
NRSF: 65,038
Unit Count: 818
Occupancy: 90% (Physical) and 77% (Economical)
Room for Expansion: Yes, over 30,000 NRSF
Highlights:

• Value-Add Opportunities
• Prime Opportunity to Drive Revenue Through Raising Current Tenants’ In-Place Rents
• Ability to Collect Administrative Fees
• Raise Returns Via a Tenant Insurance Sales Program
• Self Storage Supply of 4.57 NRSF Per Capita in the Three-Mile Radius
• High Visibility and Favorable Traffic Counts on Glenn Highway with Over 67,000 VPD
• Located Minutes from Entry Points to JB Elmendorf-Richardson (JBER)
• The Turnkey Asset has Been Managed Extremely Well, Setting the Stage for Continued Success in the Current and Future Marketplace
• Anchorage Is Known for its Outdoor Amenities, Including Fishing to Serve as a Recreational Home-Away-From Home for an Investor Upon Acquisition

Portfolio: Five Star Store It 39 Property Portfolio
Locations: Michigan (13 Properties), New Jersey (Two Properties), New York (Three Properties), Ohio (16 Properties) and Pennsylvania (Five Properties)

Brokers and Brokerage: Nathan Coe, Daniel Burkons, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 1,461,296
Occupancy: 94% (Physical)
Room for Expansion: Yes
Highlights:

  • Non-Climate Controlled and Climate Controlled Units
  • Fully Automated Kiosks Available at 38 of 39 Locations (In Addition to the On-Site Managers)
  • 24-Hour Video Surveillance at All Locations
Property: Bullskin Self Storage
Location: Springfield, OH

Brokers and Brokerage: Nathan Coe, Daniel Burkons, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 42,575
Acreage: 4.78
Unit Count: 275 Non-Climate Controlled and 27 Outdoor Parking Spaces
Occupancy: 100% (Physical)
Room for Expansion: Yes
Highlights:

  • Little Competition in the Immediate Area: Only Facility within a Three-Mile Radius
  • Daily Traffic Counts: 5,000 Cars/Day off Troy Road
Portfolio: Southeastern Boat and RV Three-Property Storage Portfolio
Location: St. Johns and Yulee, FL.

Brokers and Brokerage: Josh Koerner of the Weaver Realty Group, an Argus Self Storage Advisors Affiliate
Acreage: 12.0
Unit Count: 500+ Covered and Uncovered Parking Spaces
Occupancy: 100% (Physical)
Room for Expansion: Yes

Property: Scoop’s Storage
Location: Fuquay-Varina, NC

Brokers and Brokerage: Braxton Jones of HBJ Group
Buyer: L Powell LLC (dba) Lakeside Storage
Occupancy: 100% (Physical)
Room for Expansion: Yes

Property: Calabash Road Self Storage
Location: Calabash, NC

Brokers and Brokerage: Braxton Jones of HBJ Group
Buyer: Andover Properties
NRSF: 61,825
Unit Count: 469

Properties: Two Maine Storage Plus Facilities
Location: Ellsworth, ME

Buyer: U-Haul
Unit Count: 532

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