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…
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Bellomy & Co. Announces the Sale of Mansfield, TX Self Storage Facility
Bellomy & Co. announced the sale of Stadium Self Storage in Mansfield, Texas. Mansfield is thirty-four miles southwest of Dallas. The Class B property comprises 343 units in 43,745 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Stadium Self Storage Inc., the Mansfield, Texas based seller. The team also procured the Austin based buyer, Bassdale Investments, LLC. Bellomy & Co. is an Austin and Houston based commercial real estate firm with a team exclusively focused on the self storage industry. For more information, please call Bellomy &…
The Hatcher Group of Marcus & Millichap Brokers the Sale of Albuquerque, NM Facility
Located in the heart of downtown Albuquerque, NM, American Self Storage is a 52,325 net rentable square foot facility consisting of 69 climate-controlled units and 343 non-climate controlled units. The facility is 100% physically occupied and in a densely populated area with 267,681 people within a five-mile radius and 99,762 people within a three-mile radius. For more information, contact Jacob Becher at 650.391.1783 or Jacob.Becher@MarcusMillichap.com.
Argus Broker Affiliates Announce Sale of Texas Self Storage Facility
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…
CSD Realty Q1 Closings
With nearly 30 years’ experience in self storage investment sales Craig Rice and Cole Rice of CSD Realty Company represent clients ranging from private investors to large-scale REITs in the acquisition and disposition of self storage assets. Our team has closed hundreds of self-storage properties including the following recent transactions: Craig Rice & Cole Rice of CSD Realty represented the seller and procured the buyer in the sale of a 421-unit, 52,480 square foot self storage facility formerly known as A-Another Storage to Merit Hill Capital, LP, a real estate…
Middletown, CT Self Storage Facility Sells for $2.2 Million
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
StorageMart Acquires Melbourne, FL Storage Facility
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…
Marcus & Millichap Brokers Sale of 320-Unit Self Storage Facility in Huntsville, Texas
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
Featured Broker: Michael Sanders
Michael Sanders is an investment associate with The LeClaire-Schlosser Group of Marcus & Millichap. He is focused on serving his clients in the acquisition and disposition of self storage facilities in Phoenix as well as secondary and tertiary Arizona markets. Michael graduated with a Bachelor of Science in Sociology from Dixie State University in St. George, Utah. While attending school, he participated on the University’s football team. Michael led the Trailblazers as the starting quarterback as well as a team captain. While excelling on the field, he also won in…
Independence Commercial Advisors Closes First Class Storage
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.