Property: Oak Crest Storage
Location: Iowa City, IA
Address: 4942 Oak Crest Hill Road S.E., Iowa City, Iowa
Year Built: 1999
Brokers and Brokerage: George Kondracke, Jon Ruzicka, Brian Kelly, Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Coe Group of Marcus & Millichap
Acreage: 5.70
NRSF: 34,397
Unit Count: 261 units (27 climate-controlled units, 101 non-climate-controlled units, 22 enclosed parking spaces, 109 uncovered parking spaces, and two leasable offices)
Occupancy:
Highlights:
Portfolio: 19 Self-Storage Portfolio
Location: Across the Southeast U.S ( FL, GA, AL and NC)
Deal: $200 Million
Buyer: Harrison Street
Square Feet (Combined): 1.4 Million
Unit Count (Combined):12,000 units
Occupancy (across the portfolio): 90%
Property Management: Reliant Real Estate Management ( self storage partner of Harrison Street)
Highlights:
- Harrison and Reliant currently own and operate 65 self storage properties as part of a joint venture partnership
- Harrison Street has invested more than $3.5 billion in around 322 self-storage assets in North America since forming in 2005
- Harrison Street, which focuses heavily on alternative CRE sectors, has executed realized investments on self storage properties equating to s $1.7 billion gross transaction volume on 163 assets
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