{"id":1261,"date":"2021-10-12T14:52:12","date_gmt":"2021-10-12T14:52:12","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1261"},"modified":"2021-10-18T12:48:28","modified_gmt":"2021-10-18T12:48:28","slug":"recent-closings-10-5-21-10-11-21","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-10-5-21-10-11-21\/","title":{"rendered":"Recent Closings: 10.5.21 &#8211; 10.11.21"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nProperty: All American Self Storage<br \/>\nLocation: Evansville, IN<br \/>\nBrokers and Brokerage: Rob Schick and Neal Gussis of Argus Self Storage Advisors<br \/>\nNRSF: 66,010<br \/>\nUnit Count: 420<br \/>\nAcreage: 5.0<br \/>\nRoom for Expansion: Yes<br \/>\nHighlights:<\/p>\n<ul>\n<li>Closed in 30 Days<\/li>\n<li>20,380 Square Feet of Climate-Controlled Units<\/li>\n<li>20 Canopy Covered RV Spaces<\/li>\n<li>Five Buildings Constructed of Masonry and Steel<\/li>\n<li>Fully Fenced with Electronic Lift Gate<\/li>\n<\/ul>\n<p>Property: Extra Space (Managed)<br \/>\nLocation: Oahu, HI<br \/>\nBuyer: InSite Property Group<br \/>\nNRSF: 44,390<br \/>\nYear Built: 2017<br \/>\nOccupancy: 99.4% (Physical)<br \/>\nHighlights:<\/p>\n<ul>\n<li>100,000+ People within Three Miles<\/li>\n<li>Median Income of $97,000<\/li>\n<li>Supply of 0.9 Square Feet per Person<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1262\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-14-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Storage Direct (Managed)<br \/>\nLocation: Victorville, CA<br \/>\nBrokers and Brokerage: Jacob Becher, Tasso Douglas, Jesse Cameron, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 73,150<br \/>\nUnit Count: 392 Climate Controlled and 145 Non-Climate Controlled<br \/>\nOccupancy: 99% (Physical)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Class A Self Storage Facility<\/li>\n<li>High Daily Traffic Counts: 3,000 Cars\/Day off Mojave Drive and 7,700 Cars\/Day off Amargosa Road<\/li>\n<li>Dense &amp; Growing Population: 154,388 People Living Within a Five-Mile Radius &#8211; Represents a 90% Increase Since 2000<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1270\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-17-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Life Storage (Managed) Two Property Portfolio<br \/>\nLocation: San Antonio, TX<br \/>\nBrokers and Brokerage: Brian Kelly, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 154,845<br \/>\nUnit Count: 1,190 Climate Controlled and 115 Non-Climate Controlled<br \/>\nAcreage: 6.99<br \/>\nHighlights:<\/p>\n<ul>\n<li>Two Newly Built, Class A Self Storage Facilities<\/li>\n<li>Roosevelt Ave Year Built: July 2019 Hot Wells Year Built: January 2021<\/li>\n<li>Below Market Rents at Both Locations<\/li>\n<li>Hot Wells Blvd Has Great Visibility on Interstate-37<\/li>\n<li>High Daily Traffic Counts: Roosevelt Ave: 27,500 Cars\/Day | Hot Wells Blvd: 7,400 Cars\/Day &amp; 102,000 Cars\/Day off I-37<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1269\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-11-660x300.png\" alt=\"\" width=\"660\" height=\"300\" \/><\/p>\n<p>Property: North River Storage<br \/>\nLocation: Tanner, AL<br \/>\nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 31,990<br \/>\nUnit Count: 58 Climate Controlled and 147 Non-Climate Controlled<br \/>\nRoom for Expansion: 22,000 NRSF<br \/>\nHighlights:<\/p>\n<ul>\n<li>Huntsville, Alabama MSA Self Storage Facility<\/li>\n<li>Significantly Below Market Rents<\/li>\n<li>Great Visibility Along US Highway 31<\/li>\n<li>Affluent Market: Average Household Income of $140,511 of People Living within One Mile<\/li>\n<li>Population has Increased by Over 39% Since the Year 2000 within a Five Mile Radius<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1271\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-12-660x365.png\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Springfield Self Storage &amp; Green Valley Self Storage<br \/>\nLocation: Mount Vernon &amp; Springfield, OH<br \/>\nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 90,225<br \/>\nUnit Count: 579<br \/>\nAcreage: 8.15<br \/>\nOccupancy: 93% (Physical)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Two Self Storage Facilities Approximately One Hour Apart<\/li>\n<li>High Daily Traffic Counts at Both Locations: Approx. 10,000 Cars\/Day<\/li>\n<li>Growing Surrounding Populations<\/li>\n<\/ul>\n<p>Property: Banning Mini Storage<br \/>\nLocation: Banning, CA<br \/>\nBrokers and Brokerage: Keith Phillips and Adam Schlosser of the LeClaire-Schlosser Group of Marcus &amp; Millichap<br \/>\nNRSF: 22,027<br \/>\nUnit Count: 110<br \/>\nHighlights:<\/p>\n<ul>\n<li>Prime Location with Visibility from I-10, a Major Interstate<\/li>\n<li>Near Ramsey Street, the Main Thoroughfare<\/li>\n<li>Retailers Located Nearby Include Starbucks, McDonalds, Dollar General and Walgreens to Name a Few<\/li>\n<\/ul>\n<p>Property: Affordable Storage<br \/>\nLocation: Orange, TX<br \/>\nBrokers and Brokerage: <a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001bZJwu6q6joG74eh_kurLN-jszIOWxb_yWc86CAsfFq5t4zsqjhh1y2iMFw70BwMF_4-lzt-gPAYrpgE8c9H6WfTB1m2MOAix0b4mOxhd9m4I4KKxVbMT15eRgoPVWFluPXTIn_HUe679o1UaMaDiZCtw6IodEdNR&amp;c=Ez26nayNz6pOy-dRfxYXlDUvf65Fe4cmVp0RnHbwn8Zn1GIZThO2Mw==&amp;ch=ai5eXVZjxwGi6iAmQnIfzx9Rnb-8vV9BIkfS58rRtNPJ8A0NOQN6Sg==\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/r20.rs6.net\/tn.jsp?f%3D001bZJwu6q6joG74eh_kurLN-jszIOWxb_yWc86CAsfFq5t4zsqjhh1y2iMFw70BwMF_4-lzt-gPAYrpgE8c9H6WfTB1m2MOAix0b4mOxhd9m4I4KKxVbMT15eRgoPVWFluPXTIn_HUe679o1UaMaDiZCtw6IodEdNR%26c%3DEz26nayNz6pOy-dRfxYXlDUvf65Fe4cmVp0RnHbwn8Zn1GIZThO2Mw%3D%3D%26ch%3Dai5eXVZjxwGi6iAmQnIfzx9Rnb-8vV9BIkfS58rRtNPJ8A0NOQN6Sg%3D%3D&amp;source=gmail&amp;ust=1634138534072000&amp;usg=AFQjCNE6upzW96ERviaF-2yJVEhskUY7bQ\">Danny Cunningham<\/a>, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus &amp; Millichap<br \/>\nNRSF: 23,340<br \/>\nUnit Count: 146<br \/>\nHighlights:<\/p>\n<ul>\n<li>Perimeter Fencing and Lighting<\/li>\n<li>24\/7 Video Surveillance System<\/li>\n<li>Wide Concrete Driveways<\/li>\n<li>On-Site Manager&#8217;s Office and Residence<\/li>\n<li>Garage-Style Roll Up Doors<\/li>\n<li>Excellent Visibility and Accessibility<\/li>\n<li>Boat &amp; RV Storage<\/li>\n<li>Personalized Key-Pad Gated Entry<\/li>\n<\/ul>\n<p>Property: SecurCare Self Storage Two-Property Portfolio<br \/>\nLocation: Lufkin and Nacagdoches, TX<br \/>\nBrokers and Brokerage: Tyler Trahant and Chad Snyder of Argus Self Storage Advisors<br \/>\nNRSF: 31,680<br \/>\nUnit Count: 265<br \/>\nOccupancy: 91% (Physical)<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1263\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-16-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Interstate Mini Storage<br \/>\nLocation: White House, TN<br \/>\nBrokers and Brokerage: Anne Williams-Blackwell and Andy Beeckman of the Williams Group of Marcus &amp; Millichap<br \/>\nNRSF: 28,450<br \/>\nUnit Count: 190 Climate Controlled and Non-Climate Controlled, 26 Parking Spaces and One Warehouse Space<br \/>\nHighlights:<\/p>\n<ul>\n<li>Stabilized Asset which Provided Excellent Cash Flows from Day One<\/li>\n<li>Nashville, Tennessee MSA<\/li>\n<li>Local Owner Operator | Regional Buyer<\/li>\n<li>5.25% Cap Rate on Current<\/li>\n<li>7.16% Cap Rate on Proforma<\/li>\n<\/ul>\n<p>Property: Lock N Store Self Storage<br \/>\nLocation: Warrensburg, MO<br \/>\nBrokers and Brokerage: Anne Williams-Blackwell and Marla \u010coli\u0107 of the Williams Group of Marcus &amp; Millichap<br \/>\nNRSF: 44,350<br \/>\nOccupancy: 88% Physical and Economical<br \/>\nUnit Count: 261<br \/>\nHighlights:<\/p>\n<ul>\n<li>Paved Drives and Gate Access Entry<\/li>\n<li>New Construction &#8211; Opened August 2019<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Property: All American Self Storage Location: Evansville, IN Brokers and Brokerage: Rob Schick and Neal Gussis of Argus Self Storage Advisors NRSF: 66,010 Unit Count: 420 Acreage: 5.0 Room for Expansion: Yes Highlights: Closed in 30 Days 20,380 Square Feet of Climate-Controlled Units 20 Canopy Covered RV Spaces Five Buildings Constructed of Masonry and Steel Fully Fenced with Electronic Lift Gate Property: Extra Space (Managed) Location: Oahu, HI Buyer: InSite Property Group NRSF: 44,390 Year Built: 2017 Occupancy: 99.4% (Physical) Highlights: 100,000+ People within Three Miles Median Income of $97,000&hellip;<\/p>\n","protected":false},"author":7,"featured_media":1262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1261"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=1261"}],"version-history":[{"count":5,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1261\/revisions"}],"predecessor-version":[{"id":1297,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1261\/revisions\/1297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/1262"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}