Recent Closings: 8.10.2021 – 8.16.2021

Property: Former Macy’s Conversion
Location: Canton, OH
Brokers and Brokerage: Thomas K. Gustafson and Matt Davis of Colliers
NRSF: 100,000+
Units: 950+
Highlights:

  • Adjacent to High-Performing Super Walmart (Built 2005)
  • 100% Climate Control (Planned)
  • NOKĒ Smart Entry System (Planned – All Units)
  • Two Floors | Both with Ground Level Access
  • High Traffic Retail Corridor Location
  • No Climate Control Competition within Over Three Miles

Property: Mini Storage Depot
Location: Fort Wayne, IN
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 45,200
Units: 120 Climate Controlled/309 Non-Climate Controlled/29 Outdoor Parking Spaces
Room for Expansion: Yes
Occupancy: 91.7% Physical
Highlights:

  • High Daily Traffic Counts: 27,000 Cars/Day off Dixie Hwy
  • Dense Population: 156,740 People Within a Five-Mile Radius; 71,179 People Within a Three-Mile Radius

Property: CubeSmart Self Storage (Managed)
Location: Miami Beach, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 21,731
Units: 786 Climate Controlled/135 Wine Storage
Occupancy: 91.7% Physical
Highlights:

  • Three-Story, Newly Built, Class-A Facility
  • Value-Add Opportunity by Converting Some of the Stacked Storage to More Standard Units
  • High Barrier to Entry Market
  • High Daily Traffic Counts: 41,000 Cars per Day
  • New Development Project Currently Under Construction Directly Across the Street Consisting of Upscale Residential & Mixed Use by Crescent Heights
  • Dense Area: 235,880 People Living within a Five-Mile Radius
  • Affluent Market – Average Household Income within Three Miles: $102,881
  • Wine Storage Features: Bio Metric Fingerprint Access for Wine Storage Customers, Triple Redundant Refrigeration System and Back-Up Generator

Property: Timmus Storage
Location: Ocoee, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 75,532
Units: 614 Climate Controlled/34 Wine Storage
Lot Size: 2.2 Acres
Occupancy: 91.7% Physical
Highlights:

  • Multiple Competitive Offers at List Price
  • Brand New, Class A, Orlando MSA Self Storage Facility
  • Undersaturated Market: 3.36 NRSF per Person within a Three-Mile Radius
  • Site Is Surrounded by New Multi-Family and Retail Developments
  • Population has Increased by Over 52% Since the Year 2000 within a Five Mile Radius
  • Dense Population: 141,686 People Living within Five Miles

Property: Ring Road Self Storage
Location: Elizabethtown, KY
Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 44,100 (32,600 Self Storage + 11,500 Retail)
Lot Size: 7.31 Acres
Years Built: 1996/2004/2010
Occupancy: 9% Physical
Highlights:

  • Louisville, KY MSA Self Storage Facility
  • Two Retail Spaces (10,000 Square Feet Leased to Comcast and 1,500 Vacant Office)
  • Plans and Drawings to Expand Five Additional Storage Buildings (29,200 NRSF/283 Units)
  • High Physical Occupancy: 92.50%
  • Lot Size: 7.31 Acres
  • Year Built: 1996/2004/2010
  • Excellent Visibility Along Ring Road | Conveniently Located Less than One Mile from I-65
  • High Daily Traffic Counts: 20,000 Cars per Day
  • Population has Increased Over 34% Since the Year 2000 Within a Five Mile Radius

Property: Houston, TX MSA Facility
Location: Tomball, TX
Brokers and Brokerage: Dave Knobler and Charles LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap
NRSF: 70,100
Units: 597
Lot Size: 5.5 Acres
Year Built: 1998
Seller: Family Trust
Buyer: California-Based Corporation

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