Recent Transactions: 8.23.2022 – 8.29.2022

Portfolio: Two Auburn Self Storage Facilities
Closing Price: $21 Million
Location: Auburn, CA
Broker and Brokerage: Morgan Windbiel of CBRE
Buyer: Merit Hill Capital
Unit Count: 938

Property: Weekender Storage
Closing Price: $8.9 Million
Location: Woodland, WA
Broker and Brokerage: Christopher R. Secreto of Marcus & Millichap
NRSF: 99,316
Unit Count: 245
Occupancy: 99%

Properties: Two Self Storage Facilities
Closing Price: $32.5 Million
Location: Palm Beach County, FL
Buyer: State Storage Group

Property: Snohomish, WA Self Storage Facility
Closing Price: $24.5 Million
Location: Snohomish, WA
Buyer: Cairn West
NRSF: 104,672

Portfolio: Two Self Storage Facilities in New York City
Location: New York, NY
Brokers and Brokerage: Noah Obuchowski, Mike Mele, Robert Bloch, and Luke Elliott of Cushman & Wakefield
Buyer: Invesco Real Estate in Partnership with Baranof Holding
Seller: Kickpoint Ventures
NRSF: 111,611
Unit Count: 2,651
Highlights:

  • Located the Heart of the Brooklyn and Queens Boroughs
  • Convenient Highway and Subway Access
  • High-Volume Foot Traffic

Portfolio: First USA Storage Four-Property Portfolio
Locations: Asheville and Charlotte, NC MSAs
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 138,894
Unit Count: 1,140
Physical Occupancy: 93%
Room for Expansion: Yes
Highlights:

  • Conversion Opportunity at Asheville Location
  • State of the Art NOKE Access Control/Gate Systems Installed at all Four Locations
  • Excellent Locations and Street Frontage
  • High Daily Traffic Counts at All Four Locations

Portfolio: Alpine Storage Three Property Portfolio
Locations: Boynton Beach, Haverhill and Lake Worth, FL
Brokers and Brokerage: Meir Perlmuter, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 171,851
Unit Count: 1,946
Highlights:

  • West Palm Beach MSA Three Property Self Storage Portfolio
  • Climate Controlled and Non-Climate Controlled Units
  • Three Two Bedroom Manager Apartments on Site at the Haverhill Location
  • All Three Locations Have Extremely Dense and Growing Surrounding Populations
  • Excellent Locations and Street Frontage
  • High Daily Traffic Counts: Haverhill: 21,500 Cars/Day | Lake Worth: 43,500 Cars/Day | Boynton Beach: 230,000 Cars/Day

Property: Trojan Self Storage
Location: Troy, TX
Brokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quashcnick of the Karr-Cunningham Group of Marcus & Millichap
NRSF: 87,480
Unit Count: 580
Highlights:

  • Perimeter Fencing & Lighting
  • 24/7 Video Surveillance System
  • Covered Parking
  • Key-Pad Gated Entry and Exit
  • Wide Driveways
  • Garage-Style Roll Up Doors
  • On-Site Manager’s Office
  • Self-Serve Car Wash

Property: Betta Stor-It
Location: Mobile, AL MSA
Broker and Brokerage: Kyle Baptist and Scott Schoettlin of SkyView Advisors
NRSF: 54,100
Unit Count: 380
Physical Occupancy: 95%
Highlights:

  • Fully-Automated New Kiosk System Will Give Buyers the Ability to Improve Staffing Efficiency
  • Opportunity to Increase Rental Rates by 27% to Reach Market Levels
  • High Visibility and Consistent Traffic Counts of Over 84,000 Vehicles per Day Along I-65
  • Billboard on Property Adds Another Consistent Revenue Stream
  • The Facility’s Established Presence with a Robust Tenant Base Will Ensure Success in the Current and Future Marketplace

Property: National Storage Centers
Location: Windsor, CA
Broker and Brokerage: Jay Allen of Performance Self Storage Group
Unit Count: 489
Physical Occupancy: 95%

Property: Taylor’s Linden Mini Storage
Location: Hurricane, UT
Broker and Brokerage: Hal H. Tanner of Midcoast Properties
NRSF: 35,352
Acreage: 10.4
Occupancy: 100%

Property: CubeSmart Self Storage (Managed)
Location: Oak Creek, WI
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Brian Kelly of the Hatcher Coe Group of Marcus & Millichap
NRSF: 64,725
Unit Count: 397 Climate Controlled and 114 Non-Climate Controlled
Year Built: 2020
Highlights:

  • Brand New, Class A Self Storage Facility
  • Excellent Location and Street Frontage
  • Located 12 Miles from Downtown Milwaukee
  • Affluent Market
  • Dense and Growing Surrounding Population: 132,948 People within a Five-Mile Radius

Property: Chattanooga Highway 58 Self Storage
Location: Chattanooga, TN
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap
NRSF: 23,720
Unit Count: 16 Climate Controlled, 147 Non-Climate Controlled Units, Four Office Spaces and Ten Parking Spaces
Physical Occupancy: 94%
Highlights:

  • Excellent Location and Street Frontage Off Highway 58
  • High Daily Traffic Counts: 41,000 Cars/Day
  • Dense and Growing Surrounding Population: 79,390 People within a Five Mile Radius – Represents a 13% Increase Since 2000

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