Recent Transactions: 03.14.2023 – 03.20.2023


Property:
Storage Of Englewood
Location: Englewood, FL
Closing Price:
$6.43 Million
Brokers and Brokerage: Chris Travis and Hunter Robey of the Travis Group of Marcus & Millichap
Acreage: 11.84 acres
Unit Count: 750 units
Highlights:

  • Located in the Bradenton-Sarasota-Venice MSA
  • Fully gated
  • Ample LED lighting
  • On-site manager 

Portfolio: Greenleaf Self Storage Four Property Portfolio
Location: Seneca, SC
Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc.
Acreage: 7.86 acres
NRSF: +/- 110,821
Unit Count: 908 climate-controlled and standard drive-up units as well as parking
Highlights:

  • Close proximity to Clemson University
  • Seneca’s strategic position between Lake Hartwell and Lake Keowee

 


Property: U-Store
Location: Corpus Christi, TX
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal
Buyer: BHC Corpus Storage Ltd
Seller: 624 U-Store LLC
NRSF: 75,835
Unit Count: 270 non-climate controlled units and 6 retail spaces
Physical Occupancy: 100%

 

Property: Iowa Self Storage Facility (third-party managed CubeSmart Self Storage)
Location: Des Moines, IA
Year Built: November 2021
Brokers and Brokerage: Tom Flannigan, Alex Ihrke and Matt Haugen of the Area Commercial Real Estate Services of Argus
Buyer: U-Haul
NRSF: 68,000

 


Property: Powells Point Self Storage
Location: Powells Point, NC
Brokers and Brokerage: Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Coe Group of Marcus & Millichap
NRSF: 22,100
Unit Count:
148 drive-up units and 42 parking spaces
Physical Occupancy: 93%
Highlights:

  • Affluent market & growing surrounding population: 45% population increase since 2000 within five-miles

 


Property: Valley Center Self Storage
Location: Santa Clarita, CA
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal
Seller: HPI Self Storage LLC
Acreage: 2.29 acres
NRSF: 110,483
Unit Count: 1,122 climate-controlled units

 

CBREIM Acquires San Diego Self Storage Duo
Portfolio: San Diego Self Storage 14-Asset Portfolio
Locations: San Diego, CA, Inland Empire, SC, Salt Lake City, UT and LA
Broker and Brokerage: Nick Walker of CBRE
Buyer: CBRE Investment Management (CBREIM)
Unit Count: 1725 single-story drive up units
Highlights:

  • Portfolio will operate under the StorQuest brand
  • 95% leased 

Property: Extra Space Storage
Locations: Cape Coral-Fort Myers-Naples, FL
Year Built: 1995 (converted to self storage in October 2022)
Buyer: Strategic Storage Growth Trust III, Inc. (an affiliate of SmartStop Self Storage REIT, Inc.)
Acreage: 4.5 acres
NRSF: 78,000
Unit Count: 780 climate-controlled units
Highlights:

  • Single-building and a single-story property
  • Video surveillance
  • Drive-up access and moving carts
  • With a high traffic volume of 33,000 vehicles passing by daily
  • More than 3,500 housing starts are in the planning stages within three-miles
  • The facility is located in proximity to several neighborhoods within five-miles, including Porto Vista, Lake Fairways, Coral Lakes, and Sabal Springs 

Property: Campus Storage
Location: Tuscaloosa, AL
Year Built: 1991 (expanded in 2019)
Brokers and Brokerage: Eddie Greenhalgh, Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Coe Group of Marcus & Millichap
NRSF: 34,005
Unit Count:
174 climate-controlled and 181 non-climate-controlled units

 

Portfolio: Two Self Storage Facilities
Location: Jonestown, PA
Brokers and Brokerage: Sean Beuche, 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

 

Portfolio: Two Self Storage Facilities (previously Vanguard Self Storage)
Locations: Richmond Hill and Peterborough, Ontario
Buyer: Apple Self Storage
Unit Count:
1000 units

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