Recent Closings: 8.3.2021 – 8.9.2021

Property: CubeSmart Self Storage (Third Party Managed)
Location: Irving, TX
Brokers and Brokerage: Bill Bellomy and Michael Johnson of Bellomy & Co.
NRSF: 66,698
Units: 609
Highlights:

  • Stabilized Class-A Facility
  • 97% Physically Occupied
  • 14 Miles from Dallas, TX

Property: Boyle Street Self Storage
Location: Akron, OH
Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 25,220
Units: 146
Highlights:

  • Below Market Rents
  • Commercial Building Could Be Converted to Climate Controlled Self Storage and Professional Management Office
  • Large Upside through Managing Facility Tighter and Cutting Down Physical Vacancy and Concessions
  • Located in Akron’s Historic North Hill Neighborhood
  • Densely Populated: 231,822 People within Five Miles | 101,376 People within Three Miles
  • Undersupplied Self Storage Market: 4.45 NRSF per Person within a Five-Mile Radius

Property: Athens, Alabama Self Storage Opportunity
Location: Athens, AL
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Jonathan Fawley of the Hatcher Group of Marcus & Millichap
NRSF: 60,234
Units: 460
Highlights:

  • Brand New Self Storage Facility Currently Being Built
  • Under Saturated Self Storage Market
  • Great Visibility Along US Highway 72
  • Approximately 25 Miles from Huntsville, AL
  • Affluent Area: Average Household Income of $90,133 Within Three-Miles; $125,165 Within Five-Miles

Property: Self Storage Conversion Site
Location: Canton, OH
Brokers and Brokerage: Thomas Gustafson and Matt Davis of Colliers
NRSF: 100,000+
Units: 950+
Highlights:

  • Former Macy’s | Kaufmann’s Department Store
  • 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 3+ Miles

Property: Broward County Self Storage
Location: Fort Lauderdale, FL
Brokers and Brokerage: Brett Hatcher, Meir Perlmuter, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 23,551
Units: 242
Highlights:

  • Climate Controlled and Non-Climate Controlled Units
  • Value Add through Tighter Management and Lease Up of Second Level
  • Daily Traffic Count: 42,500 Cars per Day
  • Great Visibility Along Northeast 11th Street
  • Dense Area: 149,613 People within Three Miles; 312,010 People within Five Miles
  • Affluent Market: Average Household Income of $92,017 within a Three-Mile Radius

Property: Hwy 6 Storage
Location: Houston, TX
Buyer: Andover Properties
NRSF: 49,000
Units: 382
Highlights:

  • Heavily Trafficked Location
  • Climate-Controlled, Drive-Up and Open Parking Units

Property: CubeSmart (managed) Self Storage
Location: Chattanooga, TN
Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc
NRSF: 100,980
Units: 781
Highlights:

  • Class-A Facility
  • 1.5 Miles from an Amazon Fulfillment Center and 2.5 Miles from a Volkswagen Manufacturing Plant
  • Amenities Including Lighting, Elevator Access and 24-Hour Video Recording.

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