Recent Transactions: 02.14.2023 – 02.20.2023


Property:
U-Stor-It
Location: Lansing, MI
Brokers and Brokerage: Meir Perlmuter, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 41,600
Unit Count: 385
non-climate-controlled units
Physical Occupancy: 94%
Highlights:

  • Undersaturated self storage market
  • Dense and growing surrounding population: 155,073 people living within five miles

Portfolio: LaFayette Storage Solutions
Location: LaFayette, GA (North and South)
Broker and Brokerage:
Michael Morrison of Midcoast Properties, Inc.
NRSF (North): 8,700
NRSF (South): 28,530
Unit Count (North):
74 standard drive-up units
Unit Count (South): 189 standard drive-up units
Highlights:

  • Online rentals and bill pay
  • An office
  • Fencing
  • Code access gates
  • Security cameras
  • 24-hour access
  • Call Center

Property: Keystone Self Storage
Location: Indianapolis, IN
Closing Price: $9.5 Million
Broker and Brokerage:
Rob Schick of Argus Self Storage Advisors
Buyer: Public Storage
Square Feet: 69,700
Unit Count: 541
Combined Occupancy: 64%


Property:
The Villages Self Storage Facility
Location: The Villages, FL
Closing Price: $8.8 Million
Brokerage: CBRE
Buyer:
Allendale Ventures LLC
Seller: Coleman Self Storage LLP
Square Feet: 51,575
Unit Count: 335

Property: West Loop Storage
Location: Athens, TX
Brokers and Brokerage:
Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
Acreage: 2.6 for expansion
NRSF: 29,999
Unit Count: 162 non-climate-controlled units

Property: Smart Self Storage
Location: Texas City, TX
Brokers and Brokerage:
Dave Knobler, Jon Danklefs, Ray Kang and Brad Weigel of Marcus & Millichap
NRSF: 29,549
Unit Count: 281
climate-controlled and non-climate-controlled units

Property: Afton-Chuckey Self Storage
Location: Afton, TN
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
Acreage: 4.35 acres
Square Feet: 40,594
Unit Count: 328
climate-controlled and non-climate-controlled units



Property:
Haltom City Self Storage
Location: Haltom City, TX
Brokers and Brokerage: Danny Cunningham and Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap
NRSF: 39,570

 


Property:
Campus Storage
Location: Tuscaloosa, AL
Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 34,005
Unit Count: 355
climate-controlled and non-climate-controlled units
Physical Occupancy: 90%
Highlights:

  • Great visibility along 8th ave and 18th street
  • Dense surrounding population: 73,385 people within three-miles; 118,785 people within five-miles
  • Population has increased by over 18% since the year 2000 within a five-mile radius

Related posts