Recent Closings: 5.31.2022 – 6.06.2022

Property: Value Store It Self Storage
Location: Worcester, MA
Brokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 30,393
Unit Count: 440
Highlights:

  • Recently Renovated Self Storage Facility
  • Seller Added 140 Units in Early 2021 Nearly Doubling the NRSF
  • Recent Capital Improvements: Painted Entire Interior, Replaced the Roof, Repaved Parking Lot, Added Keypad Access and Doubled the Number of Security Cameras
  • Worcester Is New England’s Fastest Growing City and Home to Eight Colleges
  • Undersaturated Self Storage Market
  • High Daily Traffic Counts: 11,300 Cars/Day
  • Dense Surrounding Population: 234,171 People Living within a Five-Mile Radius; 157,462 People Living within a Three-Mile Radius
Property: Lock Safe Storage
Location: Independence, IA
Brokers and Brokerage: Kirk Martin of the Lindsey Self Storage Group

NRSF: 17,550
Room for Expansion: 1.34 Acres

Portfolio: Oswego Mini Storage
Locations: Oswego and Fulton, NY
Brokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 20,900
Unit Count: 155
Physical Occupancy: 98%
Room for Expansion: Yes
Highlights:

  • Upstate New York Stabilized Three Property Storage Portfolio
  • Three Facilities About Ten Miles Apart
Property: Self Storage and Car Wash
Closing Price: $9.2 Million
Location: Concord, NH
Broker and Brokerage: Joseph Mendola of NAI Norwood Group, an Argus Broker Affiliate

Unit Count: 443
Room for Expansion: 14,000 NRSF

Property: Double D Storage
Location: Turlock, CA
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Jesse Cameron and Tasso Douglas of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 87,544
Unit Count: 579 Non-Climate Controlled Units and 37 Parking Spaces
Occupancy: 99%
Room for Expansion: Yes
Highlights:

  • Affluent Market and Dense Surrounding Population
  • 94,067 People Living within a Five Mile Radius – Represents a 25% Increase Since the Year 2000
Portfolio: Houston, Texas Three Property Portfolio
Locations: Baytown, Houston and Spring, TX
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Brian Kelly and Dave Knobler of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 139,831
Unit Count: 1,142
Physical Occupancy: 94%
Highlights:

  • Houston MSA Three Property Self Storage Portfolio
  • Climate Controlled and Non-Climate Controlled Units
  • Below Market Rents
  • All Three Locations Have Extremely Dense and Growing Surrounding Populations
  • Fifth Highest Metro Population in the Country
  • Excellent Locations and Street Frontage
  • High Daily Traffic Counts: Baytown: 51,000 Cars/Day | Rippling Water: 6,000 Cars/Day | Montgomery: 10,000 Cars/Day
Property: IN RV Storage
Location: Sacramento, CA
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Jesse Cameron, Jacob Becher and Tasso Douglas of the Hatcher-Coe Group of Marcus & Millichap

Unit Count: 194 RV Parking Spaces
Physical Occupancy: 98%
Room for Expansion: Yes
Highlights:

  • Plans and Approvals for Approx. 60,000+ NRSF Self Storage Facility with CC and NCC Units
  • High Daily Traffic Counts: 29,000 Cars/Day
  • $200 Million in Recent Private Investments that Has Ignited a Transformation on Stockton Blvd
  • Densely Populated: 402,549 People Living within a Five-Mile Radius; 174,209 People Living within a Three-Mile Radius
Property: RV Boat Storage Works
Location: Cape Coral/Ft Myers, FL MSA
Brokers and Brokerage: Richard Riddle, Scott Schoettlin and Bryce Josepher of SkyView Advisors

NRSF: 107,159
Unit Count: 239
Highlights:

  • Prime Opportunity to Establish a Significant Market Footprint with a Brand New, Institutional Quality Boat & RV Storage Asset in Ft. Myers, Florida
  • Significant Upside by Raising Rental Rates to Meet the Market by Stabilization
  • Consistently Maintains a Strong Waitlist on High-Demand Units for Boat & RV Storage
  • Excellent Annual Population Growth Rate of 2.83 Percent Is Indicative of the Facility’s Desirable Location in a Three-Mile Trade Area
  • Over 140,000 Individuals within Five Miles of the Subject Property
  • Limited Boat and RV Storage Options within a 10-Mile Radius Ensures a Significant Market Presence for Years to Come

Related posts