Category: Recent Transactions

The Williams Storage Group is pleased to announce the recent closing of D’Iberville Self Storage in D’Iberville, Mississippi. D’Iberville Self Storage is a 40,100 rentable square foot self storage facility consisting of 302 non-climate controlled units. The property was 65% occupied and sits on 3.6 acres.  According to Matt Porter of Marcus and Millichap, “I represented the buyer in this transaction, coaching my client, who is not from Mississippi, as to why this particular facility fit his investment strategy. This is the third facility that he has purchased with my…

The Colliers Self Storage Group is pleased to announce the sale of the A+ Storage located at 2689 Old Highway 31 North in Columbia, Tennessee.  A+ Storage Spring Hill LP,  sold the facility on March 30, 2021, to Angelo Gordon Real Estate Inc.  A+ Storage | Spring Hill will continue to benefit from its close proximity to the 7.9 million square foot General Motors plant, which recently announced a $2 billion expansion. A+ Storage sits on approximately 4.52 acres and consists of a two-story management office and thirteen single-story buildings. …

The North Texas Argus Team of Chad Snyder and Tyler Trahant closed their third self storage transaction of 2021 with SRE Self-Storage in Van Alstyne, TX to a local investor. The facility sits on 1.5 acres and offers 9,400 rentable square feet of storage. The sale closed March 2021. SRE Self Storage is a 71-unit storage facility located in Grayson County on the east side of Van Alstyne, Texas. Grayson County, which has seen growth of over 2% per year since 2016, will soon be welcoming the new master planned…

Marcus & Millichap has brokered the sale of A Space Place Self Storage, a 320-unit self-storage facility in Huntsville, about 70 miles north of Houston. The property spans 50,940 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller and the buyer in the transaction. Both parties were limited liability companies that requested anonymity. Source

StorageMart adds a mix of regular and climate controlled storage units with the recent acquisition of a CubeSmart Self Storage facility in West Melbourne, Florida. The latest acquisition in a period of rapid expansion after a refinancing deal late last year, the property will be upgraded to deliver on the StorageMart brand promise of easy, clean, well-lit self storage products and award-winning customer service. In the coming months, upgrades will include improvements to loading accessibility and enhancements to security features. “We see this new addition to our portfolio as a…

A Middletown self storage facility has sold for $2.2 million, town records show. The 49,300-square-foot property at 1511 Saybrook Road sold last month. The buyer was Gefen Self Storage CT I LLC, which is controlled by Steven Weinstock of Lakewood, New Jersey. The seller was Middletown Self Storage LLC, which is controlled by Michael Epright, an attorney in Haddam. The facility was built in 2000 and sits on 7.65 acres. Source

Independence Commercial Advisors is pleased to announce the closing of First Class Storage, a 39,070 rentable-square-foot facility in San Marcos, Texas, which is in the Austin, Texas MSA. First Class Storage was built in two phases in 2010 and 2017 and includes 7.81 acres of land. Nicholas T. Ling, Senior Director and Mark V. Diebold, Senior Director had the exclusive listing to market the property on behalf of the Seller, a private investor. Both Ling and Diebold also procured and represented Buyer in closing this transaction.

Bellomy & Co. negotiated the sale of Hawkeye Storage in Red Oak, Iowa. The Class-B property is made up of 189 units in 29,120 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented THR Storage, LLC, the seller. The team also procured the buyer, Dougherty Storage LLC. Bellomy & Co. is an Austin- and Houston, Texas-based commercial real estate firm with a team exclusively focused on the self storage industry. Source

After posting five times year-over-year revenue growth, Neighbor is raising over $50 million from investors. This is the self storage marketplace start-up’s Series B round of financing. Proptech venture capital fund Fifth Wall is leading the deal. Andreessen Horowitz, who led the Series A early last year, is participating again, while DoorDash (NYSE: DASH) CEO Tony Xu and StockX CEO Scott Cutler will be newcomers to the cap table. WHAT IS NEIGHBOR UP TO? Put simply, Neighbor is Airbnb (NASDAQ: ABNB) for underutilized or vacant space in a building. For…

Macerich has sold Paradise Valley Mall, a 1.2 million-square-foot shopping center in Phoenix, for $126,500,000 to a joint venture of RED Development and an affiliate, according to the commercial real estate tracking website Vizzda. The deal comes with $89,578,260 in new debt with Western Alliance Bank, according to Vizzda. The property recently received rezoning approval from the city and the previous partnership of Macerich and RED were moving forward with redevelopment plans to transform the asset into a 6.5 million-square-foot, mixed-use project combining the nearby Desert Ridge Marketplace and Kierland…