Property: CubeSmart (Managed) Self-Storage
Location: Kenosha, WI
Buyer: Inland Real Estate Acquisitions, LLC (“Inland”)
Seller: Macritchie Group
Brokers and Brokerage: Adam Schlosser, Charles “Chico” LeClaire, Jack Sullivan, Matthew Tice and Todd Lindblom of The LeClaire-Schlosser Group of Marcus & Millichap
Square Feet: 90,900
Unit Count: 900 climate-controlled units
Highlights:
- Consists of one two-story building
- The facility features two large, covered loading bays with elevator access
- Multiple secondary points of entry for optimal access
- Large leasing office in the interior of the building
- Motion lighting throughout the facility
- 24/7 video monitoring and alarm system
Property: Fulshear CofO
Location: Richmond, TX
Address: 29208 McKinnon Road, Richmond, Texas
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
Property: Affordable Mini Storage
Location: Refugio, TX
Address: 908 Bayou Street, Refugio, Texas 78377
Buyer: Kingcrest Communities
Broker and Brokerage: Jon Danklefs of The Danklefs Group of Marcus & Millichap
Acreage: 2.55
Unit Count: 126 units
Property: Karam Self Storage & Retail Center
Location: Memphis, TN
Address: 7060 Winchester Road, Memphis, Tennessee
Brokers and Brokerage: Dave Knobler and Anne Willams of Marcus & Millichap in collaboration with Adam Sklaver and Philip Kates of the Commercial Property Auction Services of Marcus & Millichap
Square Feet: 81,125 plus 67,729 square feet of retail space
Unit Count: 737 climate-controlled units
Highlights:
- Popular retailers like Starbucks and Chick-Fil-A on the adjacent pad sites
- The property is positioned within a strong retail corridor with national retailers like Home Depot, Walmart, Sam’s Club and Planet Fitness
Property: True Storage
Location: Providence, RI
Address: 80 Dupont Drive, Providence, Rhode Island 02907
Buyer: The Storage Acquisition Group (TSAG)
TSAG advisors: Bill Sitar, John Cranley, Andrew Burchinsky, and Monty Spencer
NRSF: 65,642
Unit Count: 749 units
Portfolio: Four Self Storage Properties (Currently managed by Life Storage)
Locations: Queens and Brooklyn, NY
Closing Deal: $110.4 Million
Year Developed: Between 2018 and 2020
Buyer: The Carlyle Group
Seller: Safe N Lock Self Storage
Broker and Brokerage: Mike Mele of Cushman & Wakefield
Highlights:
- The largest individual sale was the facility at 87-16 121st Street in Richmond, Queens, which was sold for $50.3 million
- The other three facilities are located at 145 18th Street in South Slope, 651 Utica Avenue, and 1690 East New York Avenue, both in Brownsville, Brooklyn
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