{"id":1325,"date":"2021-10-25T17:03:34","date_gmt":"2021-10-25T17:03:34","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1325"},"modified":"2021-10-26T15:24:55","modified_gmt":"2021-10-26T15:24:55","slug":"recent-closings-10-19-21-10-25-21","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-10-19-21-10-25-21\/","title":{"rendered":"Recent Closings: 10.19.21 &#8211; 10.25.21"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"alignnone  wp-image-1326\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-23-660x365.jpg\" alt=\"\" width=\"532\" height=\"294\" \/><\/p>\n<p>Property: Settlers Landing Self Storage<br \/>\nLocation: Concord, NC<br \/>\nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap and Sean Delaney of Marcus &amp; Millichap<br \/>\nNRSF: 21,773<br \/>\nUnit Count: 355<br \/>\nAcreage: 2.07<br \/>\nRoom for Expansion: 12,000 NRSF Approved Drive-Up Units<br \/>\nHighlights:<\/p>\n<ul>\n<li>Newly Built, Class A Self Storage Facility<\/li>\n<li>Excellent Location and Visibility &#8211; Located off US Route 29<\/li>\n<li>High Daily Traffic Counts: 12,000 Cars\/Day<\/li>\n<li>Dense and Growing Surrounding Population: 107,053 People Living within a Five-Mile Radius &#8211; Represents a 102% Increase Since 2000<\/li>\n<li>Affluent Market: Average Household Income within One, Three and Five Miles Well Above the National Average<\/li>\n<li>18 Miles Northeast of Charlotte<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone  wp-image-1341\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-18-660x365.png\" alt=\"\" width=\"488\" height=\"270\" \/><\/p>\n<p>Property: Storage Depot<br \/>\nLocation: Ripley, MS<br \/>\nBrokers and Brokerage: Matt Porter and Anne Williams-Blackwell of the Williams Storage Group of Marcus &amp; Millichap and Sean Delaney of Marcus &amp; Millichap<br \/>\nNRSF: 38,961 (After Expansion)<br \/>\nUnit Count: 224 Existing Non-Climate Controlled Units, Office, Shop and Rental House<br \/>\nOccupancy: 99% (Physical)<br \/>\nAcreage: 7.35<br \/>\nRoom for Expansion: 28 Non-Climate Controlled Units to Be Delivered at C\/O<br \/>\nHighlights:<\/p>\n<ul>\n<li>In-Place Cap Rate of 6.6%<\/li>\n<li>Year One Cash on Cash Return Exceeds 12%<\/li>\n<\/ul>\n<p>Property: Sunny\u2019s Self Storage<br \/>\nLocation: West Houston, TX<br \/>\nBrokers and Brokerage: Ryan DeGennaro of NAI Partners<br \/>\nNRSF: 93,455<br \/>\nUnit Count: 622<br \/>\nAcreage: 2.5<\/p>\n<p>Property: Five Acres of Commercial Land<br \/>\nLocation: Glendale, AZ<br \/>\nBrokers and Brokerage: Jeff Gorden of Argus Self Storage Advisors\/The Gorden Group<\/p>\n<p>Property: Storage in Stowe<br \/>\nLocation: Stowe, VT<br \/>\nBrokerage: The Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 37,674<br \/>\nUnit Count:269<br \/>\nOccupancy: 100%<\/p>\n<p>Property: A-Z at the Fork<br \/>\nSale Price: $900,000<br \/>\nLocation: Paw Paw, MI<br \/>\nBrokers and Brokerage: Sean Delaney and Steve Chaben of Marcus &amp; Millichap<\/p>\n<p>Property: Extra Space Storage<br \/>\nSale Price: $22.1 Million<br \/>\nSeller: Nuvo Development<br \/>\nLocation: Margate, FL<br \/>\nNRSF: 101,300 + Adjoining Parking Lot<\/p>\n<p>Property: Posen Storage<br \/>\nLocation: Posen, II<br \/>\nUnit Count: 535<br \/>\nBrokers and Brokerage: Dan Lynch of the Self Storage Group for Colliers International<\/p>\n<p>Property: All Valley Mini Storage<br \/>\nLocation: Sedro-Valley, WA<br \/>\nBroker and Brokerage: Christopher Secreto of Marcus &amp; Millichap<br \/>\nNRSF: 74,989<br \/>\nUnit Count: 473<br \/>\nAcreage: 5.0<br \/>\nYear Built\/Expanded: 2004\/2018<br \/>\n<img loading=\"lazy\" class=\"alignnone size-full wp-image-1327\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-16-1.png\" alt=\"\" width=\"600\" height=\"350\" \/><\/p>\n<p>Property:\u00a0Extra Space Storage (Managed)<br \/>\nLocation: Schaumburg, IL<br \/>\nBrokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway<br \/>\nNRSF:\u00a073,605<br \/>\nUnit Count: 713<br \/>\nHighlights:<\/p>\n<ul>\n<li>Located in Chicago, IL MSA<\/li>\n<li>Strong Leasing Velocity and Rent Growth<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1328\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/unnamed-17.png\" alt=\"\" width=\"600\" height=\"350\" \/><\/p>\n<p>Property: Alamance Self Storage<br \/>\nLocation: Elon, NC<br \/>\nBrokers and Brokerage: Cameron Vale and Andrew Plunkett of Berkshire Hathaway<br \/>\nNRSF: 39,674<br \/>\nUnit Count: 63<br \/>\nRoom for Expansion: Yes<br \/>\nHighlights:<\/p>\n<ul>\n<li>Located in Burlington, NC MSA<\/li>\n<li>Fully Occupied<\/li>\n<li>Sold Above Listing Price<\/li>\n<\/ul>\n<p>Portfolio: Woodlands Portfolio<br \/>\nLocation: Houston, TX<br \/>\nBuyer: Andover Properties<br \/>\nNRSF: 189,350<br \/>\nUnit Count: 730<br \/>\nHighlights:<\/p>\n<ul>\n<li>RV Parking, Climate-Controlled and Drive-Up Units as well as Open Parking<\/li>\n<li>High Population Growth and Housing Development Activity<\/li>\n<li>Strong Median Household Incomes<\/li>\n<li>High Historical Occupancy<\/li>\n<\/ul>\n<p>Property: Gulf Freeway Self Storage<br \/>\nLocation: Houston, TX<br \/>\nBuyer: Andover Properties<br \/>\nNRSF: 62,600<br \/>\nUnit Count: 615<br \/>\nYear Opened: 2020<br \/>\nHighlights:<\/p>\n<ul>\n<li>Located on Gulf Freeway I-45 with Traffic Count of Over 225,000 Vehicles per Day<\/li>\n<li>Growing Population<\/li>\n<\/ul>\n<p>Property: CubeSmart Self Storage (Managed)<br \/>\nLocation: Harrisburg, PA<br \/>\nBuyer: Rosewood Property Co.<br \/>\nNRSF: 35,430<br \/>\nUnit Count: 342<br \/>\nYear Opened: 2019<\/p>\n<p>Property: CubeSmart Self Storage (Managed)<br \/>\nLocation: Fishers, IN<br \/>\nBuyer: StorageMart<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-1329 \" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/10\/1120-Old-Cherokee-Road-e1635181100691.jpg\" alt=\"\" width=\"413\" height=\"281\" \/><\/p>\n<p>Property: CubeSmart Self Storage (Managed)<br \/>\nLocation: Lexington, SC<br \/>\nBrokers and Brokerage: Dale C. Eisenman of Midcoast Properties<br \/>\nNRSF: 55,500<br \/>\nUnit Count: 402 Climate Controlled<br \/>\nYear Opened: 2019<br \/>\nHighlights:<\/p>\n<ul>\n<li>Located in Columbia, SC MSA<\/li>\n<li>$4.5 Million Development Loan Financed by South State Bank in 2018<\/li>\n<li>Four-Story Building<\/li>\n<li>One of Seven Facilities within Three Miles<\/li>\n<li>Only Facility Opened within the Past Year<\/li>\n<\/ul>\n<p>Property: NYC Industrial Property<br \/>\nSale Price: $19 Million<br \/>\nLocation: Staten Island, New York City, NY<br \/>\nBuyer: Simi Capital in Partnership with Cerberus Capital Management<br \/>\nAcreage: 6.0+<br \/>\nHighlights:<\/p>\n<ul>\n<li>Optimally Situated One Mile from Goethals Bridge<\/li>\n<li>Traditional Storage Will Be Converted to Outdoor Storage<\/li>\n<\/ul>\n<p>Property: West Alameda Self Storage<br \/>\nLocation: Lakewood, CO<br \/>\nBuyer: SmartStop Self Storage<br \/>\nNRSF: 87,000<br \/>\nUnit Count: 769<br \/>\nHighlights:<\/p>\n<ul>\n<li>Located in Denver, CO MSA<\/li>\n<li>Visibility from West Alameda Parkway<\/li>\n<li>Undersupplied Market<\/li>\n<li>Amenities Including Gated Drive-In Loading Area, State-of-the-Art Security Systems, Keypad Access and Large Truck Accessibility<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Property: Settlers Landing Self Storage Location: Concord, NC Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus &amp; Millichap and Sean Delaney of Marcus &amp; Millichap NRSF: 21,773 Unit Count: 355 Acreage: 2.07 Room for Expansion: 12,000 NRSF Approved Drive-Up Units Highlights: Newly Built, Class A Self Storage Facility Excellent Location and Visibility &#8211; Located off US Route 29 High Daily Traffic Counts: 12,000 Cars\/Day Dense and Growing Surrounding Population: 107,053 People Living within a Five-Mile Radius &#8211; Represents a 102% Increase Since 2000 Affluent&hellip;<\/p>\n","protected":false},"author":7,"featured_media":1326,"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\/1325"}],"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=1325"}],"version-history":[{"count":5,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1325\/revisions"}],"predecessor-version":[{"id":1342,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1325\/revisions\/1342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/1326"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}