Recent Closings: 7.7.2021 – 7.19.2021

Property: Premier Boat & R.V. Storage
Location: St. Augustine, FL
Brokers and Brokerage: Nathan and Gabriel Coe, Brett Hatcher, Meir Perlmutter and Ryan Nee of the Hatcher Group of Marcus & Millichap
NRSF: 91,098 (26,280 covered parking/64,818 uncovered parking)
Spaces: 204
Occupancy: 98.53% (Physical)
Year Built: 2016 (Phase I) and 2018 (Phase II)
Highlights:

  • Multiple Offers Above List Price
  • Closed Well Above List Price
  • Class A Boat & RV Storage
  • One of the Nicest Boat & RV Sites in Florida
  • State of the Art Accommodations and Accessories Including New Large Fan Inside, RV Wash and Detailing Stations, Water Hydrants, Dump Stations, Lock & Battery Sales and More
  • Everything Built to Code and to Withstand Category Level Three Hurricanes
  • Professional Management Office, Very Secure, Well Lit and Immaculately Maintained
  • Rapidly Growing Market: 121% Five Mile Population Growth Since 2000; Estimated to Grow 16.64% in the Next Five Years
  • Visible from Interstate 95
  • New County Police Training Facility Being Developed Nearby

Property: Load & Lock Mini Storage
Location: Findlay, OH
Brokers and Brokerage: John Lindsey of the Lindsey Self Storage Group

Property: Willow Lake Self Storage
Location: Addison, MI
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Brian Kelly, Jonathan Fawley and Steve Chaben of the Hatcher Group of Marcus & Millichap
NRSF: 25,515
Room for Expansion: Yes
Occupancy: 89% (Physical)
Year Built: 2016 (Phase I) and 2018 (Phase II)
Highlights:

  • Multiple Competitive Offers
  • Closed Above List Price
  • Southeast Michigan Self Storage Facility
  • 100% Occupancy on All Traditional Drive-Up Units
  • Last Year Converted Space to Add 10 CC Units – 8 of 10
  • Upside Through Tighter Management and Potential Conversion of Commercial Building
  • Seller Has Invested Significant Capital Improvement Dollars over the Last Couple of Years
  • Brand New Roof with 25 Year Warranty

Properties: North Carolina Self Storage Portfolio
Location: Shelby and Hickory, SC
NRSF: 219,000
Units: 1,570
Brokers and Brokerage: Cameron Vale of Berkshire Hathaway

Property: Capital Boulevard Storage
Location: Raleigh, NC
Buyer: Andover Properties
NRSF: 88,000
Year Built: 2017
Highlights:

  • Excellent Visibility – 56,000 Vehicles per Day
  • No Competition within One Mile
  • New Apple Campus Estimated to Bring 3,000 High-Paying Jobs in Area
  • Class-A Facility
  • Climate and Non-Climate Controlled Units

Property: Storage One
Location: Summerville, SC
NRSF: 20,900
Brokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway

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