Portfolio: Self Storage Portfolio of 11 Properties
Locations: San Francisco, CA Bay Area, Portland, OR and Austin, TX
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets
Seller: Pegasus
Buyer: SecureSpace Self Storage
NRSF: 650,000
Unit Count: 6,550
Portfolio: Extra Space Managed Two-Property Portfolio
Closing Price: $23.6 Million
Locations: Salisbury and Mooresville, NC
Broker and Brokerage: Morgan Windbiel of CBRE’s Self Storage Advisory Group
Seller: Lakeland Village
NRSF: 136,994
Unit Count: 1385
Property: MAX Storage
Closing Price: $26.95 Million
Location: Hurricane, UT
Broker and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire Schlosser of Marcus & Millichap
Acreage: 22.0
Unit Count: 971
Room for Expansion: Yes
Year Built: 2021
Property: Tri-Village Self Storage
Closing Price: $5.9 Million
Location: Georgetown, KY
Buyer: Storage Rentals of America (SROA)
NRSF: 46,094
Portfolio: Store Your Stuff Two-Property Portfolio
Closing Price: $2.5 Million
Locations: Clay and Baldwinsville, NY
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 83,550
Acreage: 11.8
Unit Count: 748
Property: Atlanta, GA MSA Self Storage Facility
Closing Price: $18.1 Million
Location: Marietta, GA
Broker and Brokerage: Morgan Windbiel of CBRE
Buyer: KKR
Seller: StorMaster
NRSF: 73,300
Acreage: 4.0
Year Built: 1996
Portfolio: Area Storage Outer Banks (OBX) Portfolio
Location: Harbinger and Point Harbor, NC
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 116,615
Unit Count: 370 Climate Controlled Units and 415 Non-Climate Controlled Units Units
Physical Occupancy: 95%
Room for Expansion: Yes
Highlights:
- Outer Banks, North Carolina Stabilized Two Property Self Storage Portfolio
- Very High Barriers to Entry
- Both Facilities Have Seen Incredible Rent Growth
- $106,607 Average Household Income of People Living within Five Miles of Each Facility
- Over 42% Five Mile Population Increase Since the Year 2000
Property: Washington D.C. Facility
Closing Price: $46 Million
Location: Washington, D.C.
Broker and Brokerage: Steve Mellon, Brian Somoza, Craig Childs, Bill Prutting and Jay Wellschlager of JLL Capital Markets
Seller: Fougler-Pratt
Buyer: Invesco Real Estate
Unit Count: 1,752
Portfolio: Two Property Vasona Lake Storage Portfolio
Location: Los Gatos, CA
Brokers and Brokerage: Jacob Becher of Colliers’ de Jong Becher Self Storage Group
NRSF: 45,149
Unit Count: 778
Property: Stor-All Self Storage
Location: Nampa, ID
Buyer: StorageMart
NRSF: 128,293
Unit Count: 845
Property: CubeSmart Self Storage (Managed)
Location: Burleson, TX
Brokers and Brokerage: Zachary Urow, Scott Schoettlin and Bryce Josepher of SkyView Advisors
NRSF: 70,454
Unit Count: 663
Physical Occupancy: 98%
Year Built: 2016
Highlights:
- Fully Enclosed Drive-Through Facility
- Population Density of 260,484 in a Five-Mile Radius
- Strong Annual Population Growth of 3.41 Percent in a One-Mile Radius
- Excellent Supply of 3.79 Net Rentable Square Feet per Capita in a Five-Mile Radius
- No New Future Developments in a Five-Mile Radius
- Consistent Traffic Counts of Over 41,000 Vehicles per Day Located Next to Kroger, Home Depot, Target and Walmart
Portfolio: American Self Storage Two Property Portfolio
Locations: Kensington, Maryland and Alexandria, VA
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 282,596
Unit Count: 2,822
Physical Occupancy: 98%
Room for Expansion: Yes
Highlights:
- Facilities Located in Two Tremendous Sub-Markets in Alexandria, VA & Kensington, MD
- Excellent Locations and Street Frontage
- Dense Surrounding Populations: Average of 482,327 People Living within a Five-Mile Radius of Each Facility
- Affluent Markets: Average Household Income within One, Three and Five Miles Is Well Above the National Average at Each Facility
Property: Storage Etc. of Etna
Location: Etna, OH
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 18,652
Unit Count: 127 Non-Climate Controlled Units, Three Climate Controlled Store Rooms and 26 Parking Spaces
Room for Expansion: Yes
Highlights:
- Columbus, Ohio MSA Self Storage Facility
- In Close Proximity to New Amazon Fulfillment Center
- Great Visibility along National Road South-West
- Affluent Market: Average Household Income of $106,715 of People Living within a Three-Mile Radius
- Dense Population: 40,551 People within Three Miles; 143,304 People within Five Miles
- Population Has Increased by Over 54% Since the Year 2000 within a Five Mile Radius
- High Daily Traffic Count: 15,500 Cars/Day
Property: A&B Self Storage
Location: Red Oak, TX
Brokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quashcnick of the Karr-Cunningham Group of Marcus & Millichap
NRSF: 31,850
Unit Count: 197
Highlights:
- Perimeter Fencing
- 24/7 Video Surveillance System
- Key-Pad Gated Entry and Exit
- LED Lighting
- Garage-Style Roll-Up Doors
- Concrete Driveways
Property: Annex Storage & U-Haul
Location: Newnan, GA
Broker and Brokerage: Michael Morrison of Midcoast Properties
NRSF: 47,149
Unit Count: 360
Acreage: 5.74
Occupancy: 99%
Room for Expansion: Yes
