Category: Recent Transactions

Storage Star purchased the 64,900-square-foot self storage facility at 2110 Quail Creek Road in Laredo, TX. The facility features 445 units. Jon Danklefs of the San Antonio office represented the seller. The former Quail Creek Self Storage facility will be rebranded Storage Star. The deal marks Storage Star’s 10th acquisition in Texas, and 32nd overall. Source

SpareBox Storage, a national self storage platform focused on consolidating the highly fragmented self storage market across the United States, recently purchased 13 stabilized properties in Myrtle Beach, SC and Amarillo, TX from multiple sellers. Combined, these properties are comprised of approximately 330,000 net rentable square feet and 2,500 units with over 88% occupancy. “These acquisitions underscore SpareBox’s strategy in building a diversified portfolio of high-quality, stabilized assets in secondary and tertiary markets with great demographic fundamentals.”   The South Carolina portfolio acquisition opens a promising new market for SpareBox…

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of I-20 Ranch Self Storage, a 55,956-square foot self storage facility located in Longview, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office. Brandon Karr, Senior Vice President Investments, and Danny Cunningham, First Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the sellers, a family operation based…

Merit Hill Capital purchased Good Spot Storage, a 30,000 square foot, self storage facility at 3735 Mangum Rd., as reported by BizNow. Marcus & Millichap’s Dave Knobler marketed the property on behalf of the seller, a private investor. Source

The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of StorageBay Rexburg, a 12,652 square foot storage facility located in Rexburg, Idaho. Jordan Farrer, Investment Associate, in the firm’s Salt Lake City office and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver office procured the Buyer.  “Through a number of conversations with the owners, we knew the family was looking to move on from the property and…

The facility, purchased by Trojan Storage, consists os 29,765 rentable square feet throughout 264 units.  CBRE’s Nick Walker, Trevor Roberts, and Morgan Windbiel represented the seller. Source

Zachary Urow and Ryan Clarke of Skyview Advisors arranged the sale of Extra Space Storage in Richmond, TX. The facility consists of 745 units throughout 93,630 rentable square feet.  Source

Zachary Urow and Ryan Clarke of Skyview Advisors brokered the sale of Advanced Self Storage of Wexford, a 36,600 square foot facility consisting of 283 units in Pittsburg, PA. The buyer and seller were not named and the price was undisclosed.  Source

Located at 8471 Davis Blvd, the Extra Space Storage Managed faciliity consists of 79,345 rentable square feet throughout 722 units. The seller, Davis & Radio Storage, LLC. was represented by Zachary Urow and Ryan Clarke of Skyview Advisors and sold for an undisclosed price.  Source

InSite Property Group bought a 3.5-acre site at the intersection of South Alameda Street and Firestone Boulevard in Los Angeles, CA. It intends to build a 121,000-net-rental-square-foot, climate-controlled SecureSpace storage facility with more than 1,200 units. There also will be two retail spaces. Source