Recent Closings: 5.17.2022 – 5.23.2022

Property: Secure Storage
Location: Richfield, NC
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 37,800
Unit Count: 262 Non-Climate Controlled Units
Acreage: 6.42
Room for Expansion: Yes
Year Built: 2018/2021
Highlights:

  • Charlotte MSA Self Storage Facility
  • Added New Units In December 2021 and Leased Up Extremely Fast
  • Growing Surrounding Population
Property: Elite Motorcoach Storage
Location: Sarasota, FL
Brokers and Brokerage: Gail Bowden of SVN Commercial Advisory Group

NRSF: 14,000
Acreage: 5.56
Highlights:

  • Hurricane-Proof Building
  • 24-Hour Security
  • Water Disposal
Property: Vault Storage & RV
Location: Chandler, AZ
Buyer: SmartStop Self Storage REIT Inc.

NRSF: 81,400
Unit Count: 590
Acreage: 8.4
Year Built: 1997/2020

Property: Storage Sense
Closing Price: $5.3 Million
Location: Winston-Salem, NC
Buyer: SROA 2690 E. Sprague NC, LLC.
Seller: CLC WSNC III, LLC.

NRSF: 41,239
Acreage: 2.99

Property: Jacksonville, FL MSA Facility
Location: St Johns, FL
Buyer: SmartStop Self Storage REIT, Inc.

NRSF: 55,400
Unit Count: 480
Acreage: 2.99
Year Built: 2017
Occupancy: 100%

Property: Cypress, TX Facility
Location: Cypress, TX
Buyer: Andover Properties

NRSF: 109,000

Property: McKinney, TX Facility
Location: McKinney, TX
Buyer: Andover Properties

NRSF: 73,000
Unit Count: 594 Climate Controlled and Drive-Up Units

Portfolio: Two-Property Fort Mill, SC Self Storage Portfolio
Location: Fort Mill, SC
Brokers and Brokerage: Hunter Sells, Scott Schoettlin and Bryce Josepher of SkyView Advisors

NRSF: 57,928
Unit Count: 469
Room for Expansion: Yes, at Tega Cay to Add Over 75,000 NRSF in​​​​​​ Climate-Controlled and Non-Climate Controlled Units
Highlights:

  • The New Owner Will Have the Ability to Grow Occupancies and Raise Rates by 23% to Reach Market Levels
  • Very Strong Population Growth of Over Three Percent in the Three-Mile Radius for Both Locations
  • Above Average Median House Hold Income of over $75,000 in the​​​​​​ Three-Mile Radius of Each Property
  • Facilities Located within Five-Miles of One Another
  • On-Site Manager’s House at the Tega Cay Property
Property: iStor Storage
Location: Wacahachie, TX
Broker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap

NRSF: 61,750
Room for Expansion: Yes

Property: Starpoint Self Storage & Business Park
Location: Mesquite, TX
Broker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap

NRSF: 70,590

Portfolio: American Self Storage Two-Property Portfolio
Location: Havelock, NC
Brokers and Brokerage: Hal H. Tanner, III and Dale C. Eisenman of Midcoast Properties

NRSF: 54,716
Unit Count: 457 Non-Climate Controlled Units
Acreage: 3.82
Highlights:

  • Properties Situated 1.5 Miles Apart
  • Perimeter Fencing
  • Security Cameras
  • Digital Gate Entry
  • Wide Paved Drive Aisles
Property: Watts-N-Storage
Location: Chattanooga, TX
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 29,303
Unit Count: 239 Non-Climate Controlled Units and Four Parking Spaces
Physical Occupancy: 85%
Highlights:

  • Close Proximity to Lee Highway: High Daily Traffic Counts of 27,700 Cars/Day
  • Dense & Growing Population: 137,711 People Living within a Five-Mile Radius
Property: 80 West Self Storage
Location: Longview, TX
Brokers and Brokerage: Danny Cunningham and Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap

NRSF: 76,814
Unit Count: 445
Highlights:

  • Wide Driveways
  • 24-Hour Security
  • On-Site Manager’s Office
  • Perimeter Fencing & Lighting
  • Garage-Style Roll Up Doors
  • 24-Hour Kiosk
Property: Condev Self Storage
Location: Orlando, FL
Brokers and Brokerage: Meir Perlmuter, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 53,945
Unit Count: 469 Non-Climate Controlled Units
Highlights:

  • Orlando, FL MSA Self Storage Facility
  • New Construction: Opened in January 2022
  • High Barrier to Entry Market
  • High Daily Traffic Counts: 24,500 Cars/Day off Edgewater Drive
  • Dense and Growing Population: 273,298 People Living within a Five-Mile Radius; 83,998 People Living within a Three-Mile Radius
Portfolio: Virginia Three Property Self Storage Portfolio
Locations: Christiansburg and Moneta, VA
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 67,372
Unit Count: 517 Climate Controlled and Non-Climate Controlled Units
Physical Occupancy: 87%
Room for Expansion: Yes, at A & A Storage
Highlights:

  • Roanoke, Virginia MSA Three Property Self Storage Portfolio
  • All Three Locations Have Growing Surrounding Populations – Average of 31% Increase Since the Year 2000 within Five Miles of Each Facility
Portfolio: StowAway Storage Three-Property Portfolio
Locations: Chapin, SC and Irmo, SC
Broker and Brokerage: Michael Morrison of Midcoast Properties

NRSF: 174,000

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