Category: Recent Transactions

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

Marcus & Millichap has brokered the sale of Amadco Self Storage, a facility in Fort Worth. The number of units was not disclosed. The property is situated on 10 acres and spans 31,305 net rentable square feet. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity. Source

Toronto-based Bluebird Self Storage continues to expand across the country with an aggressive plan to grow its portfolio. Recently, the company announced it had acquired StoreSmart Self Storage’s five locations in Alberta – Canmore, Cochrane, Edmonton, Red Deer and Sherwood Park – adding 3,000 units comprising 362,000 square feet of space to its portfolio. Bluebird is now the fourth-largest self storage company in Alberta and seventh-largest in Canada. Reade DeCurtins, Bluebird Self Storage’s co-founder and real estate director based in Calgary, said the Alberta market is fertile ground for the…

A 1-acre industrial property in Bella Vista changed hands recently for $800,000. Shaw Property Holdings LLC, managed by James Shaw, bought the Bella Vista Central Storage self storage facility at 687 Rogers Road. BV Central Storage, managed by Zack Quick, was the seller. Arvest Bank provided financing with a five-year, $640,000 loan. City Title & Closing was the title agent. Zack Kifer with Newmark Moses Tucker Partners represented the seller. Josh Singleterry with Newmark Moses Tucker Partners represented the buyer. The 85-unit facility includes multiple buildings totaling 13,886 square feet…

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…

Strategic Storage Trust VI, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today the acquisition of approximately 2.7 acres of land in the Weston neighborhood of Toronto, Ontario, Canada in a joint venture partnership with SmartCentres.  The land will serve as the development site for an approximately 1,200-unit self storage facility. Located at 1480 Jane Street, the planned six story facility is expected to encompass nearly 99,000 net rentable square feet of 100% climate-controlled self storage with a mix of…

Self storage developer InSite Property Group has acquired a 102,500-square-foot development site at 59-02 Borden Avenue in Maspeth, Queens from Home Depot for $18 million, according to city records. The sale represents a piece of a larger lot, which had been the site of a Coca-Cola bottling plant, that Home Depot bought for $63 million in 2018 to build a store. The home improvement company had announced plans to build a six-story self storage building on its own last year, but the project became a source of contention for Queens…

A vacant lot at the corner of Central Avenue and National Road that used to house a Kroger supermarket has been sold to an Indianapolis-based company that plans to convert the grocery store building into a self storage facility. On March 2, Tiptonia Partners LLC, located at 6440 Westfield Blvd. in Indianapolis, purchased the property for $3.6 million, nearly five months after the Columbus Board of Zoning Appeals approved the use of the property for a self storage facility, according to city and county records. In a conditional use application…