Category: Recent Transactions

StorageVault (SVI-TSX) has agreed to acquire seven stores from seven vendor groups for an aggregate purchase price of $171,600,000, subject to customary adjustments. Six of the acquisitions are arm’s length and one, totaling $14,000,000, is a related party acquisition with Access Self Storage Inc. as the vendor. It is anticipated that the acquisitions will close in Q2 and Q3 2022. Six of the assets are located in Ontario (four are core GTA) and one in Alberta. The acquisitions will result in StorageVault owning 204 stores and owning and managing 236…

Strong population growth and in-migration across the Sunbelt markets continue to fuel interest by leading real estate firms wanting in on self storage facilities. KKR acquired five new self storage properties totaling approximately 4,100 units from four different sellers through three deals for an aggregate purchase price of approximately $98 million. The properties are located in Phoenix, Arizona; Dallas, Texas; San Antonio, Texas and Palm City, Florida and are expected to bring “outsized demand over the medium to long term,” according to a release. The purchases were made through KKR’s…

Property: CubeSmart Self Storage (Managed) Closing Price: $8.505 Million Location: Chattanooga, TN Buyer: York Pc Chtn1 LLC. Seller: Chattanooga Storage LLC. Property: CubeSmart Self Storage (Managed) Closing Price: $4.672 Million Location: Chattanooga, TN Buyer: York Pc Chtn1 LLC. Seller: Dyersburg Self Storage Fund LLC. Property: Storage Star Location: Federal Way, WA Brokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of the Hatcher-Coe Group of Marcus & Millichap Buyer: SecureSpace NRSF: 92,244 Unit Count: 803 Non-Climate Controlled Units and 15 Outdoor Parking Spaces Building Count:…

Property: AFStor Newly Constructed Facility Closing Price: $19.7 Million Location: Newark, DE Buyer: SmartStop/Strategic Storage Trust VI NRSF: 80,650 Unit Count: 830 Climate-Controlled Units Property: AFStor Newly Constructed Facility Closing Price: $21 Million Location: Levittown, PA Buyer: SmartStop/Strategic Storage Trust VI NRSF: 78,000 Unit Count: 810 Climate-Controlled Units Property: CubeSmart Self Storage (Managed) Closing Price: $15 Million Seller: 345 Shrewsbury Storage Location: Worcester, MA NRSF: 105,000 Property: Storage Station Location: Concord, NH Buyer: Storage Ventures NRSF: 37,000 Unit Count: 385 Year Built: 1988 Property: A-1 Storage Location: Pearland, TX Brokers…

Portfolio: Harrison Street Eight-Property Portfolio Locations: Texas, Illinois and North Carolina Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL Unit Count: 4,317 Occupancy: 93% Year Built: 2004 Property: Hammer Lane Self Storage Closing Price: $25 Million Location: Stockton, CA Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group Buyer: Northwest Building NRSF: 109,800 Unit Count: 526 Climate-Controlled Units and 99 Parking Spaces Year Built: 2004 Property: All Pro Self Storage Location: Winston-Salem,…

Property: The Storage Lot Location: Catawissa, MO Brokers and Brokerage: Anne Williams-Blackwell and Marla Čolić of the Williams Group of Marcus & Millichap NRSF: 19,266 Acreage: 2.68 Unit Count: 147 Room for Expansion: Yes Value-Add Storage Facility In St. Louis, MSA Completely Fenced and Gated Year 1 Cap Rate 7.33 Percent Year 1 Cash-on-Cash of 10.32 Percent Property: Alpha Storage Centers Location: Arlington, TX Brokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap NRSF: 88,107 Unit Count: 290 Property: Stadium Storage Location: Everett, WA Brokers and Brokerage:…

Private equity powerhouse KKR has added to its national self storage portfolio with the purchase of three Class A properties in Denver and Nashville. The properties were acquired by KKR’s Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III, in two separate transactions with two separate sellers. Denver and Nashville are important destinations for our self storage investing strategy and we are excited to grow our footprint in both markets with the purchase of three modern, well-located properties.” The two Denver properties were completed in 2017 and…

Atlanta-based self storge investment firm Storage Post has acquired four facilities totaling 3,900 units in the New York City area. Specifically, the properties, which span more than 370,000 gross square feet, are located in Garden City, Floral Park, Huntington Station and Yorktown Heights. Storage Post has operated the facilities on behalf of the seller, an undisclosed institutional investor, since 2016 and will continue to do so following the change in ownership. Source

Property: Ace Self Storage Location: Lawrence, KS Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 43,900 Unit Count: 236 Non-Climate Controlled Units, 53 Outdoor Parking Spaces, Eight Retail Spaces and One Apartment Property: Scenic Self Storage Location: Littlefield, AZ Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 34,845 Unit Count: 245 Non-Climate Controlled Units and 113 Outdoor Parking Spaces Property: Public Storage (managed) Location: Linden, NJ Brokers and Brokerage: Scott Schoettlin and Aaron Sanchez of SkyView Advisors NRSF:…

Property: Utah Valley Storage and RV Location: Orem, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of The LeClaire/Schlosser Group of Marcus & Millichap NRSF: 76,344 Unit Count: 291 Highlights: Generated 14 Offers Sold for 20% More than Off-Market Offer Property: Rosemount Self Storage Location: Portsmouth, OH Brokers and Brokerage: Sean M. Delaney and H. Paul Robertson of Marcus & Millichap NRSF: 23,000 Unit Count: 178 Property: The Park Self Storage Location: Arlington, WA Brokers and Brokerage: Brett Hatcher, Gabriel Coe, Tasso Douglas, Jesse Cameron and Jacob Becher of The…