Recent Closings: 6.21.2022 – 6.27.2022

Property: Value Store It
Closing Price: $5 Million
Location: Worcester, MA
Buyer: Storage Rentals of America


Property: MV Investment New Development
Location: Ft. Myers, FL
Buyer: HPI Real Estate Services & Investments
NRSF: 100,000
Unit Count: 800

Property: Arizona Self Storage Facility
Closing Price: $25.5 Million
Location: Chandler, AZ
Brokers and Brokerage: Denise Nunez and Victoria Filice of NAI Horizon
NRSF: 150,260

Property: 65-Acre Self Storage Property
Location: San Antonio, TX
Brokerage: Point Acquisitions
NRSF: 362,000
Acreage: 65
Unit Count: 700
Room for Expansion: Yes

Property: Conversion Opportunity
Location: Vernal, UT
Buyer: U-Haul
NRSF: 93,357
Acreage: 7.3
Unit Count: 700 Climate Controlled Units

Property: Conversion Opportunity
Location: Cartersville, GA
Buyer: U-Haul
NRSF: 90,000
Acreage: 5.0
Unit Count: 700

Property: Imperial Self Storage
Location: Sugar Land, TX
Brokers and Brokerage: Steve Mellon and Brian Somoza of JLL Capital Markets
Seller: SurePoint Self Storage
Buyer: OB Companies/My Place Self Storage
NRSF: 95,963
Unit Count: 100 Climate Controlled Units

Property: Newly Developed Facility
Location: Denver, CO
Seller: Armstrong Capital Development
NRSF: 80,400
Unit Count: 569
Occupancy: 96%
Year Built: 2019

Property: Brauntex Storage
Location: New Braunfels, TX
Brokers and Brokerage: Dave Knobler and Jon Danklefs of Marcus & Millichap
Unit Count: 194
Acreage: 2.54
Portfolio: Three-Property Store Space (Managed) Portfolio
Locations: Atlanta, GA, Cincinnati, OH and Orlando, FL
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 213,960
Unit Count: 2,062 Climate Controlled Units and 48 Parking Spaces
Room for Expansion: Yes
Highlights:

  • Recently Renovated, Class-A, Three Property Self Storage Portfolio
  • Below Market Rents at Each Facility
  • Expansion Plans in Place for the Cincinnati Facility
  • All Locations Have Extremely Dense and Growing Surrounding Populations
  • Excellent Locations and Street Frontage
  • High Daily Traffic Counts at All Three Locations
Portfolio: Two New Developments
Location: New York City, MSA
Brokers and Brokerage: Aaron Swerdlin and Taucha Hague of Newmark
Buyer: Storage Post
GSF: 227,000
Property: Salem Self Storage North
Location: Salem, OR
Brokers and Brokerage: Jesse Cameron, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 38,200
Unit Count: 240 Non-Climate Controlled Units and 46 Parking Spaces
Physical Occupancy: 93%
Highlights:

  • Portland, Oregon MSA Self Storage Facility
  • Close Proximity to I-5 and Oregon Route 99E Business
  • Dense and Growing Population: 184,112 People Living within a Five-Mile Radius – Represents a 25% Increase Since 2000
Property: Indiana Storage and Retail Property
Location: South Bend, IN
Buyer: Andover Properties
NRSF: 40,000 Climate Controlled and 44,000 Retail Space
Property: Stor All Self Storage
Location: Cincinnati, OH
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 46,235
Unit Count: 322 Climate Controlled Units, 48 Humidity Controlled Units, 53 Drive-Up Units, 11 Office Suites, Ten Band Rooms and Three Billboards
Physical Occupancy: 87%
Highlights:

  • Downtown Cincinnati Self Storage Facility
  • Convenient Location and Excellent Street Frontage
  • High Daily Traffic Counts: 7,500 Cars/Day
  • Extremely Dense Surrounding Population: 329,703 People within Five Miles; 129,580 People within Three Miles

Property: Crystal Mini Storage
Closing Price: $700,000
Location: Greenville, AL
Brokers and Brokerage: Stuart P. LaGroue, Sr. and Bill Barnhill of Argus Self Storage Advisors
NRSF: 13,565
Unit Count: 133
Room for Expansion: Yes

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