Recent Closings: 4.5.22 – 4.11.22

Property: The Storage Lot

Location: Catawissa, MO
Brokers and Brokerage: Anne Williams-Blackwell and Marla Čolić of the Williams Group of Marcus & Millichap
NRSF: 19,266
Acreage: 2.68
Unit Count: 147
Room for Expansion: Yes

Value-Add Storage Facility In St. Louis, MSA
Completely Fenced and Gated
Year 1 Cap Rate 7.33 Percent
Year 1 Cash-on-Cash of 10.32 Percent

Property: Alpha Storage Centers

Location: Arlington, TX
Brokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap
NRSF: 88,107
Unit Count: 290

Property: Stadium Storage

Location: Everett, WA
Brokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap
NRSF: 32,661
Acreage: 2.5
Year Built: 2016
Occupancy: 96% (Physical)
Highlights:

100% Climate Controlled
79 Parking Spaces

Property: American Self Storage
Location: Spring Lake, NC
Brokers and Brokerage: Hal H. Tanner, III of Midcoast Properties
Unit Count: 477
Acreage: 5.09
Highlights:

Security Cameras
Retail Office
Electronic Gates

Portfolio: Louisiana Self-Storage Portfolio
Closing Price: $8.8 Million
Location: Baton Rouge, LA
Brokers and Brokerage: Scott Schoettlin and Bryce Josepher of SkyView Advisors
Buyer: Merit Hill Capital
NRSF: 126,180
Unit Count: 970
Acreage: 5.09
Highlights:

Ample Upside Through Raising Rates by Four Percent to Reach Market Levels
Ability to Convert Warehouse Spaces on Shreveport to Premium Storage
Implement Professional Management for Efficient Operations and an Increased Market Presence
No New Developments Planned within Five Miles of Each Location
Well-Positioned Assets on Major Roadways with Over 27,000 Vehicles Daily, Respectively

Property: Buda, TX Self Storage Facility
Location: Buda, TX
Buyer: Andover Properties
NRSF: 62,000
Unit Count: 395
Acreage: 6.8

Property: Woodstown Mini Storage
Closing Price: $2.5 Million

Location: Pilesgrove, NJ
Brokers and Brokerage: Matthew Junkin of Marcus & Millichap
NRSF: 22,480
Unit Count: 188 Drive-Up Units and 36 Outdoor Parking Spaces