Property: North Side Mini Storage
Location: Evansville, IN
Address: 1020 E Mt Pleasant Rd, Evansville, IN 47725
Broker and Brokerage: Taylor Cahn of Storage Exchange
Acreage: 1.94 acres
NRSF: 29,056
Unit Count: 243 units (182 drive-up non-climate units, a newly built 46-unit climate-controlled building plus 15 outdoor parking spaces)
Physical Occupancy: 91%
VPD: 24,000 Vehicles Per Day
Highlights:
- Apartment for the on-site manager
- 3.95 sq ft / capita (within a 3-mile radius)
- 5.93 sq ft / capita (within a 5-mile radius)
Property: Secure Storage
Location: Clarklake, MI
Address: 9416 S Meridian Rd, Clarklake, MI 49234
Buyer: Citizen Storage Management
Highlights:
- Will be rebranded to Citizen Storage
- Enhanced Security Measures
- 24/7 digital surveillance and electronic gate access
- Online rental processes
- Automated access control
- Revamped user-friendly website
- Regular maintenance and aesthetic upgrades to ensure a clean, safe, and inviting environment for our customers
Property: Self-Storage Facility
Location: Stockton, CA
Self-Storage Loan: $6.59 Million
Unit Count: 523 units
Finance by: Aaron Beck, Conor Freeman and Bryce Quezada of the Northmarq’s San Diego team of Wyatt Campbell
Property: The Mini Storage Facility
Location: Portland, OR
Address: 5620-5622 S. Kelly Ave. in Portland, Oregon
Closing Deal: $1.6 Million
Year Built: 1964 (Built as a warehouse and renovated into a self-storage facility in 1998)
Buyer: Macadam Moving LLC
Seller: Ronald A. Buss and Teresa McCurdy
Brokers and Brokerage: Greg Nesting and Gabe Schnitzer of Norris & Stevens (represented the seller) and Jason Kennedy of RE/MAX Equity Group (represented the buyer)
Square Feet: 17,322
Unit Count: 168 units
Highlights:
- Four office/retail spaces
- Freight elevator
Property: Class A Self-Storage Facility (three-story building)
Location: Spartanburg, SC
Buyer: SmartStop Self Storage REIT, Inc.
NRSF: 109,500
Unit Count: 950 climate-controlled units
Highlights:
- Two elevator access points
- 29 premium drive-up climate-controlled units
- Exceptional offering in the Spartanburg market
Property: Advantage Storage
Location: Amarillo, TX
Address: 8213 South Soncy Road, Amarillo, Texas
Year Built: 2019
Brokers and Brokerage: Gabriel Coe, Nathan Coe, Brett Hatcher, Tim Speck and Garret Nelson of The Hatcher Coe Group of Marcus & Millichap
Square Feet: 84,475
Unit Count: 432 units (226 climate-controlled and 181 non-climate units plus 13 enclosed parking spaces and 12 warehouse units)
VPD: 18,600 vehicles per day
Highlights:
- Opportunity to increase revenue
- By leasing up from 70% occupancy
- Continuing to increase the rental rates
Property: Lockaway Storage
Location: San Antonio, TX
Loan Amount: $12 Million
Self-Storage Refinancing: Tom Dao and Joe Foley of Gantry
Year Built: 2018
NRSF: 140,285
Highlights:
- Offers climate- and non-climate-controlled units
- Mini-office and warehouse spaces
- Oversized vehicle parking spaces
Property: Graham’s Storage
Location: Kannapolis, NC
Address: 2804 – 2806 N Cannon Blvd, Kannapolis, NC 28083
Year Built & Renovated: 1986, 1987, 1994, 2008, 2018, 2020, 2022, 2023
Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street
Acreage: 8.03 acres (1.1 acres of cleared land for future expansion)
NRSF: 48,231
Unit Count: 357 units
VPD: 19,791 Vehicles Per Day
Highlights:
- Opportunity to Increase Revenue Through Lease Up & Stabilization
- Low Saturation Rate of 5.0 SF/Capita Within 5 Miles of the Property
Property: Lazy Day Storage
Location: Buford, GA
Address: 6619 Lanier Islands Parkway, Buford, GA 30518
Buyer: U-Haul
Rebranded as: U-Haul Moving & Storage at Lake Lanier
Acreage: 4 acres
Unit Count: 307 drive up units
Highlights:
- Truck and trailer sharing
- Towing equipment and moving supplies
- Adaptive Reuse (the preserving and repurposing of existing buildings for new stores)
- Truck modifications to improve fuel economy
- Plastic Ready-To-Go Boxes
- U-Box Load Share
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