Property: Lone Star Storage Center – San Angelo
Location: San Angelo, Texas
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF: 69,525
Unit Count: 544 units (334 non-climate-controlled units and 210 climate-controlled units)
Portfolio: 15 Self-Storage Properties
Location: Manhattan, Staten Island, Brooklyn, and Queens, New York
Buyer: StorageMart (operating as Manhattan Mini Storage)
NRSF: 1.3 Million
Unit count: 25,498 units and 121 parking spaces
Property: Spencer Mini Storage
Location: La Porte,
Year Built: Late 1990
Seller: ExchangeRight
Buyer: Partnership between MyPlace Self-Storage and Nuveen Real Estate
Brokers and Brokerage: Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza of JLL
Unit Count: 511 units and 79 boat or RV surface parking spaces
Highlights:
- Contains 11 single-story buildings
- 190 (37 percent) of the units are climate-controlled
Property: Warehouse and Self-Storage Complex
Location: Venice, Florida
Address: 249 Seaboard Ave, Venice, Florida 34285
Closing Deal: $8 Million
Seller: Frank Giuffre
Buyer: SRQ Property Investments LLC
Broker and Brokerage: Troy Robbins of Robbins Commercial Real Estate
Acreage: 2.2 acres
NLSF: 53,590
Unit Count: 120 units
Highlights:
- Owner put $1 million into renovations
- A new maintenance/manager office was constructed on-site
- Equipped with touchscreen technology and integrated property management software
- Bathrooms were renovated, electrical systems were updated and steel beams were replaced
- Exterior was painted and LEDs were installed throughout the complex
Property: Elite Storage
Location: Chillicothe, Missouri
Address: 125 Ryan Lane, Chillicothe, Missouri
Broker and Brokerage: Kris Parker of Friedman Real Estate
Square Feet: 33,430
Unit Count: 229 units
Property: Class A CubeSmart Self-Storage Property
Location: Syracuse, New York
Address: 615 Erie Boulevard West, Syracuse, New York
Year Completed: September 2024
Buyer: Hearthfire Holdings
Brokers and Brokerage: Aaron Carter of Skyview Advisors
NRSF: 45,399
Unit Count: 509 climate-controlled units
Physical Occupancy: 32%
Highlights:
- Property had 28% of its space leased during acquisition
- Rents were set at $20 per square foot
- The transaction also includes leasing back 200 parking spaces from the office building across the street
- The annual rent for one of these spaces will be $40,000, payable in equal monthly installments of $3,333.33
- The lease for these spaces runs for 10 years at signing, with rent increasing by 15% every five years, beginning in the sixth year
Property: Helm Storage
Location: Cleveland, Ohio
Brokers and Brokerage: SkyView Advisors
Year Built: 1980
Acreage: 3.5 acres
NRSF: 40,200
Additional Development: approved 10,800 NRSF expansion opportunity
Unit Count: 296 units
Physical Occupancy: 89%
Property: A-Affordable Boat & RV Storage
Location: Valley View, Texas
Address: 13676 I-35 Frontage Road, Valley View, Texas
Year Built: 2023
Seller: Ciera Bank
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap
Acreage: 12.5 acres
NRSF: 175,254
Unit Count: 381 covered parking spaces, 29 uncovered spaces, 23 climate-controlled units, 17 non-climate drive-up units and a 720-square-foot apartment
Property: Self-Storage Facility
Location: Dallas, Georgia
Address: 505 Jimmy Campbell Parkway, Dallas, Georgia 30157
Buyer: Alpha-Omega Stor-All IV, LLC
Third Party Management: Absolute Storage Management (Absolute)
NRSF: 71,060
Unit Count: 540 units
Highlights:
- Offers safe and secure climate-controlled, non-climate-controlled, and parking unit options to the local communities of Hiram, Powder Springs, and Dallas
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