Recent Closings: 9.21.21 – 9.27.21

Property: Watertown Storage Three Property Portfolio
Location: Watertown & Evans Mills, NY
Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 172,999
Unit Count: 1,307
Room for Expansion: Yes
Highlights:

  • One of the Largest Storage Facilities in Northern New York
  • Two of the Sites Are Less Than a Mile from Each Other | The Third Site is Ten Miles Away
  • Tenant Insurance Program and New Management Software Rolled Out in January 2021
  • New U-Haul Truck Rental Program Ready to be Rolled Out
  • Professional Management Office | Paved | Fenced | Well Lit |Security Surveillance | Self-Service Kiosks at Two of the Locations

Property: Northway Storage
Location: Northway Storage, WI
Brokers and Brokerage: Bruce Bahrmasel of Argus Self Storage Advisors
NRSF: 27,000
Acreage: 24
Occupancy: 100% (Physical)
Room for Expansion: Yes
Highlights:

  • Value-Add Opportunity through Expansion and Facility Upgrades
  • No Management Software or Website

Property: Middle Island Self Storage (Public Storage Managed)
Closing Price: $25 Million
Location: Middle Island, NY
Brokers and Brokerage: Brett Hatcher, Meir Permuter, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap
NRSF: 74,061
Unit Count: 726
Occupancy: 91% (Physical)
Highlights:

  • Brand New, Class A Self Storage Facility Managed by Public Storage
  • Top of the Line Construction and Quality
  • Extremely High Market Rents
  • Low Storage/Capita and High Barrier to Entry Market
  • Extremely Dense Sub-Markets

Property: Summit Secure Storage
Location: Isanti, MN
Brokers and Brokerage: Tom Flannigan, Alex Ihrke and Matt Haugen of KW Commercial/Argus Self Storage Advisors
NRSF: 33,190
Unit Count: 199
Closing Price: $2.25 Million

Property: Green Light Storage Portfolio
Location: Seguin, TX
Buyer: Andover Properties, LLC
NRSF: 97,175
Unit Count: 740
Room for Expansion: 65,000 Square Feet
Highlights:

  • Properties Located Five Minutes from Each Other
  • Only Two in the Region Located on the Busy I-10
  • Over 46,000 Vehicles per Day
  • Over 10,000 Housing Units Under Construction or in the Planning Phase

Property: Two-Property Portfolio
Location: Jacksonville, FL
Brokers and Brokerage: Josh Koerner and Frost Weaver, of Weaver Realty Group/Argus Self Storage Advisors
NRSF: 85,000
Unit Count: 735
Buyer: Merit Hill Capital

Property: Carrollton Self Storage
Location: Carrollton, GA
Broker and Brokerage: Kris Knowles of Midcoast Properties, Inc.
Acreage: 4.4
Unit Count: 186
Highlights:

  • Amenities Include Perimeter Fencing, Security Cameras, Lighting, Electronic Gates and Rental Office
  • Situated Across from Southwire North Campus, One of Carroll County’s Largest Employers
  • 1.7 Mile from the University of West Georgia

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