Recent Transactions: 01.24.2023 – 01.30.2023

Portfolio: Franklin Ohio Self Storage
Location: Franklin, OH
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 48,588
Unit Count: 336
Highlights:

  • Two self storage facilities approximately 1.5-miles apart
  • Growing surrounding population: the population has increased by 16% since 2000 within a five-mile radius

Property: U-Stor-It
Location: Albuquerque, NM
Brokers and Brokerage:
Jesse Cameron, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 55,625
Unit Count: 483 and four outdoor parking spaces
Physical Occupancy: 98%
Highlights:

  • Extremely dense surrounding population: 283,568 people within a five-mile radius and 150,788 people within a three-mile radius

Property: Wetumpka Storage
Location: Wetumpka, AL
Brokers and Brokerage:
Eddie Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap
Seller: National Self Storage Group
Square Feet: 28,550
Unit Count: 173

Property: Mack Road Shops & Storage
Location: Amarillo, TX
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
Buyer: Valle de Oro
Seller: Second Generation Properties LLC
NRSF: 36,000
Unit Count: 72
and 12 parking spots

Portfolio: 10 self storage properties
Locations: Opelika, AL, Ooltewah, Chattanooga and Soddy-Daisy, TN, Dahlonega, Clermont, Loganville, Perry and Jasper, GA
Closing Price: $43.5 Million
Brokers and Brokerage:
Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
Buyer: Avenue Living Asset Management
Seller: Boardwalk Development Group
NRSF: 569,530
Unit Count: 3,369 non-climate and climate-controlled units
Combined Occupancy: 64%
Highlights:

  • The properties operate under the Mini Mall Storage brand
  • Covered and uncovered parking
  • Video surveillance, drive-up and gated access
  • Moving and packing supplies

Property: 25th Street Storage
Location: Bellevue, NE
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
Square Feet: 57,700
Unit Count: 324 non-climate controlled units and 92 outdoor parking spaces

Property: Stor-A-Way Muncie
Location: Muncie, IN
Brokers and Brokerage:
Jeffrey Herrmann and Sean Delaney of Marcus & Millichap
NRSF: 26,594
Unit Count: 171 non-climate-controlled units

Room for Expansion: Yes
Highlights:

  • Potential for climate-control implementation
  • Facility features a rental kiosk
  • Fenced and gated with security cameras

Portfolio: AmeriStorage Four-Property Portfolio
Locations: Pennsylvania and Ohio
Brokers and Brokerage:
Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 78,360
Unit Count: 551
non-climate controlled units and 71 parking spaces

Portfolio: Centennial American Properties self storage portfolio
Locations: Wichita, Kansas, Tulsa, OK and Valdosta, GA
Brokers and Brokerage:
David Clarke and Monty Spencer of The Storage Acquisition Group
NRSF: 441,804
Unit Count: 4,033 non-climate and climate-controlled units

Highlights:

  • This portfolio consisted of six Extra Space-managed facilities

Property: Eclipse Storage
Location: Evans, GA
Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc
Highlights:

  • Multi-story facility with climate-controlled units and premium drive-up units
  • First in class rental office, conference room and cameras

Property: Mini-Maxi Storage
Location: New Baltimore, MI
Year Opened: 2022
Brokers and Brokerage:
Jonathan Fawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 44,150
Unit Count: 216 non-climate and 90 climate-controlled units

Highlights:

  • Dense and growing surrounding population: 142,124 people living within a five-mile radius – represents a 30% increase since the year 2000
  • Surrounded by national retail brands
  • Affluent Market
  • Fast lease-up
  • Detroit, MI MSA self storage facility

Huml-7A

Property: Huml Storage
Location: Lake Geneva, WI
Year Built: 2005
Brokers and Brokerage: Merrilee Kittelstad, Scott Schoettlin and Bryce Josepher of Sky View Advisors
Acreage: 5.72
NRSF: 81,410
Unit Count: 307
Occupancy: 99%
Highlights:

  • Offers eight buildings of well-maintained self storage options
  • Conveniently situated in the Greater Milwaukee, Wisconsin metro area

Related posts