Colliers Self Storage Group Sells Columbia, TN Facility

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. …

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

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…

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

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…

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…

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.

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…

How Data Platforms Are the Future of Investment Sales

These days, the story of industry disruption through innovative technology is a daily occurrence. Interestingly, each new innovation triggers a series of disruptions by applying that technology to other industries. For example, Uber was a major disruptor in transportation services and today there are countless “Uber of …” across myriad industries. Within the storage industry, we have observed this through the emergence of companies like Clutter and Neighbor. As real estate specific technologies (aka Prop Tech) continue to emerge, self storage owners and investors should be prepared to experience a…

Bellomy & Co. Closes Sale of 189-Unit Self Storage Facility in Iowa

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