Recent Transactions: 02.28.2023 – 03.06.2023


Property:
Old Town Storage
Location: Winston Salem, NC
Brokers and Brokerage: Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 7,200
Unit Count: 75 non-climate-controlled units and 40 parking spaces
Physical Occupancy: 83%
Highlights:

  • Dense & growing surrounding population: 92,976 people living within five-miles – which represents a 19% increase since 2000
  • Affluent market: $93,825 average household income within five-miles of the facility



Portfolio:
All Steel Storage Two Property Portfolio
Location: Lake Placid & Sebring, FL
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Nathan Coe and Meir Perlmuter of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 42,754
Unit Count: 277 non-climate / climate-controlled units
Physical Occupancy: 83%

Highlights:

  • 24-Hour Video Surveillance at Both Locations
  • Expansion Room Available at Sebring
  • Excellent Visibility & Easily Accessible Locations
  • High Daily Traffic Counts at Both Locations
  • Growing Surrounding Populations



Property:
U-Stor-It
Location: Lansing, MI
Year Built: 1988
Brokers and Brokerage: Gabriel Coe, Brett Hatcher, Nathan Coe and Meir Perlmuter of the Hatcher-Coe Group of Marcus & Millichap
Buyer:
U-Haul
Acreage: 2.5 acres
Square Feet: 41,600
Unit Count: 385 non-climate-controlled units

Highlights:

  • Video surveillance
  • 24-hour access
  • Gated entry and drive-up access



Portfolio:
Two Property Self Storage Portfolio
Location: Jonestown, PA
Year Built: 2021 and 2022
Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap
NRSF: 42,380
Unit Count: 266 non-climate-controlled units and 5 parking spaces
Physical Occupancy: 95%
Highlights:

  • Inside Out Storage Renovations: Ownership Added 33 New Doors, Built a New Office, Drilled New Well, Replaced All Damaged Exterior Skins, Added All New Lights on Buildings, and All New Underground Electrical With New Panel in 2021
  • Great Visibility at Both Locations
  • Growing Surrounding Population: 25% Increase Since 2000 Within Five Miles



Property:
CubeSmart Managed Self Storage Facility
Location: Broussard, LA
Closing Price: $14 Million
Year Built: 2008
Brokers and Brokerage: Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap
Acreage: 8.8 acres
Square Feet: 83,675
Unit Count: 704 climate and non-climate-controlled units
Physical Occupancy: 95%
Highlights:

  • Has excellent upside through management and future expansion

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