Recent Transactions: 10.26.2022 – 11.01.2022

 

Property: Byron Cowling Moving & Storage

Location: Lubbock, TX

Broker and Brokerage: Brandon Karr of Marcus & Millichap 

NRSF: 60,270

Units: 429

Room for Expansion: Yes

Occupancy: 70%

Amenities:

  • Perimeter fencing
  • Wide concrete roadways
  • 24/7 video surveillance
  • Personalized keypad gated entry and exit
  • Garage-style roll-up doors
  • Professional leasing office
  • Keypad to interior units

 

Portfolio: Heartland Storage 

Location: Cedar Lake, IN

Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap  

Units: 34 climate-controlled units, 824 non-climate-controlled units, plus six acres zoned for RV/boat storage or additional self storage

NRSF: 148,010 

 

Property: Allender Storage

Location: White Marsh, MD

NRSF: 76,369 

Units: 472 non-climate-controlled units, 16 other units, 94 parking spaces

Occupancy: 90%

Room for Expansion: Yes (about two acres)

 

Property: AAAA Self Storage 

Location: Virginia Beach, VA 

Buyer: StorageMart

NRSF: 316,304

Units: 1,860 

Amenities:

  • OpenTech Gate technology that allows renters contactless entry to their unit through the “StorageMart Unlocked” app

 

Property: Safe Storage Club

Location: Kenosha, WI

Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap 

SF: 24,480

Units: 348 parking spaces

 

VanWest buys two Tulsa self storage facilities

Property: Two ClearHome self storage facilities

Location: Tulsa, OK

Buyer: VanWest Partners

SF: 140,000 

Units: 950

 

Property: Self storage facility

Location: Dallas, TX

Buyer: Madison Capital Group Holdings (“MCGH”) 

NRSF: 100,000

 

Portfolio: Six self storage properties (Morristown Self Storage in Morristown, TN; J&S Self Storage in Fountain, Colo.; Mocks Hwy 20 Self Storage in Cumming, Ga.; and Atlas Business Center in Gainesville, Ga. The portfolio also includes two buildings in Roanoke, Va., and Waldorf, Md., )

Location: Colorado and Southeast

Buyer: Ziff Real Estate Partners

NRSF:  340,000

Units: 2,750 climate- and non-climate-controlled units, including boat and RV rental spaces  

 

 

Portfolio: Six self storage properties 

Location: Phoenix, AZ and Burnsville, MN

Buyer: LifeStorage

Broker and Brokerage: Paul Boyle of Cushman & Wakefield

Closing Price: $142 million

 

Portfolio: Five self storage facilities 

Location: Greater San Antonio, TX area

Brokers and Brokerage: Dave Knobler and Charles LeClaire of Marcus & Millichap

NRSF: 94,517 

Units: 768 units

 

Portfolio: EZ Storage 

Location: St. Louis, MO

Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe  of the Hatcher-Coe Group of Marcus & Millichap

NRSF: 424,839 

Units: 3,385

 

Property: 34 Forest St.

Location: St. Louis, MO

Seller: ACCBLDG 1 LLC

Buyer: True Storage LLC

Brokers and Brokerage: David Stubblebine, James Stubblebine and Aaron Smith of The Stubblebine Company

NRSF: 183,300 

Closing Price: $3.1 million

 

Portfolio: 33-asset portfolio

Locations: Alabama, Iowa, Illinois, Indiana, Missouri, Mississippi, Tennessee and Wisconsin

Seller: Red Dot Storage

Buyer: Flatirons Asset Management (“Flatirons”)

NRSF: 1.3 million 

Units: 9,125 

 

Property: 1317 Business Highway 71 North

Location: Columbus, TX

Seller: DWG Capital Partners

Broker and Brokerage: Simon Miller of Endaxi Capital Partners

NRSF: 35,835 

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