Recent Closings: 6.06.2022 – 6.13.2022

Portfolio: KO Storage of Billings Three-Property Portfolio
Location: Billings, MT
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 186,520
Unit Count: 147 Climate Controlled and 746 Non-Climate Controlled
Highlights:

  • Multiple Offers at and Above List Price
  • Great Visibility at Each Location
  • Growing Surrounding Populations at all Three Locations
  • Affluent Market at 6nd Location – Average Household Income within One, Three and Five Miles Is Well Above the National Average
Portfolio: Carroll County Storage Portfolio
Locations: McKenzie and Huntingdon, TN
Brokers and Brokerage: Cameron Vale, Parker Sweet and Andrew Plunkett or Berkshire Hathaway

NRSF: 42,757
Unit Count: 299
Highlights:

Property: RI Self Storage
Location: Central Falls, RI
Brokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 39,151
Unit Count: 459 Climate Controlled
Physical Occupancy: 94%
Room for Expansion: Yes
Highlights:

  • Multiple Offers Above List Price
  • Closed Well Above List Price
  • Providence, Rhode Island MSA Self Storage Facility
  • Undersupplied Self Storage Market
  • Seller Has Completed a Number of Capital Upgrades Including a New Roof and Added Security
  • Commuter Rail Connecting Boston and T.F. Green Airport Through Central Falls Is Projected to Be Completed In 2022
  • Dense Area: 293,166 People Living within Five Miles | 144,046 People Living within Three Miles
Property: Verona Road Self Storage
Location: Fitchburg, WI
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 18,722
Unit Count: 149 Climate Controlled
Physical Occupancy: 96%
Room for Expansion: Yes
Highlights:

  • Madison, WI MSA Self Storage Facility
  • High Daily Traffic Counts: 6,000 Cars/Day off Anton Drive
  • Affluent Market: Average Household Income within Three and Five Miles Is Well Above the National Average
  • Dense and Growing Population: 168,362 People Living within a Five-Mile Radius – Represents a 28% Increase Since 2000
Property: Lake Elsinore Mini Storage
Location: Lake Elsinore, CA
Brokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap

Buyer: Merit Hill Capital
NRSF: 82,734
Unit Count: 609

Property: International Self Storage
Location: Highland, CA
Brokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap

NRSF: 19,432
Unit Count: 191

Property: Five Acres of Development Land
Location: Cartersville, GA
Buyer: U-Haul

NRSF: 90,000
Unit Count: 700
Estimated Completion Date: May 2024

Property: Emerald @ 78 Self Storage
Location: Vista, CA
Brokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap

NRSF: 94,625
Unit Count: 769

Property: Mokena Self Storage
Location: Mokena, IL
Sellers: Kingdom Storage Holdings and Titan Wealth Group

NRSF: 108,659
Unit Count: 939

Property: Brandon Storage Center
Location: Brandon, FL
Sellers: Kingdom Storage Holdings and Titan Wealth Group

NRSF: 92,000
Unit Count: 445 Climate Controlled Units

Property: Fultondale Self Storage d/b/a StoreEase
Location: Fultondale, AL
Sellers: Kingdom Storage Holdings and Titan Wealth Group

NRSF: 48,055
Unit Count: 436

Property: EZ Lock Self Storage
Location: Greater St. Louis, MO
Brokers and Brokerage: Scott Schoettlin and Richard Riddle of SkyView Advisors
NRSF: 20,275
Unit Count: 160

Property: University Self Storage
Location: Middletown, OH
Brokers and Brokerage: Nathan Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 21,900
Unit Count: 159 Non-Climate Controlled and 96 Parking Spaces
Physical Occupancy: 82%
Room for Expansion: Approximately 0.9 Acres
Highlights:

  • Recent CapEx Upgrades – Two Roofs Replaced in 2019
  • Excellent Visibility and Street Frontage
  • High Daily Traffic Counts: 9,200 Cars/Day
  • Conveniently Located off I-122 and Minutes From I-75
  • Located 35 Miles North of Cincinnati
  • Dense and Growing Surrounding Population: 86,282 People Living within a Five-Mile Radius
Property: Danville Storage
Location: Danville, IL
Brokers and Brokerage: Meir Perlmuter, Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 57,775
Unit Count: 520 Non-Climate Controlled and 22 Parking Spaces
Lot Size: 7.73
Room for Expansion: Yes

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