{"id":1542,"date":"2021-12-14T14:01:55","date_gmt":"2021-12-14T14:01:55","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1542"},"modified":"2021-12-14T14:01:55","modified_gmt":"2021-12-14T14:01:55","slug":"recent-closings-12-7-21-12-13-21","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-12-7-21-12-13-21\/","title":{"rendered":"Recent Closings: 12.7.21 &#8211; 12.13.21"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"alignnone size-medium wp-image-1552\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/12\/unnamed-35-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Crowning Touch Storage<br \/>\nLocation: Marion, OH<br \/>\nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 35,552<br \/>\nUnit Count: 250 Non-Climate Controlled Units and 81 Parking Spaces<br \/>\nOccupancy: 97% (Physical)<br \/>\nYear Built: 2018\/2019<br \/>\nRoom for Expansion: 75,000 &#8211; 100,000 SF<br \/>\nAcreage: 22.52<br \/>\nHighlights:<\/p>\n<ul>\n<li>Under Supplied Market and Fast Lease Up<\/li>\n<li>High Daily Traffic Counts: 17,200 Cars\/Day off US Route 23<\/li>\n<\/ul>\n<p>Property: The Storage Space<br \/>\nLocation: Mesquite, TX<br \/>\nBuyer: Andover Properties<br \/>\nNRSF: 74,000<br \/>\nUnit Count: 553 Non-Climate and Climate-Controlled Units<br \/>\nHighlights:<\/p>\n<ul>\n<li>Convenient Access on Belt Line Road<\/li>\n<li>Sees 22,000 Vehicles per Day<\/li>\n<\/ul>\n<p>Property: Skylin Storage<br \/>\nLocation: Cambria, NY<br \/>\nPurchase Price: $860,000<br \/>\nAcreage: 3.2<br \/>\nUnit Count: 38 Indoor Units and 66 Outdoor Units<\/p>\n<p><a href=\"https:\/\/buffalonews.com\/business\/local\/niagara-county-self-storage-facility-acquired-by-amherst-couple\/article_6d965ab6-56f6-11ec-8101-975a518d9308.html\">Source<\/a><\/p>\n<p>Property: AMS Storage<br \/>\nLocation: Weatherford, TX<br \/>\nBrokers and Brokerage: John Lindsey of the Lindsey Self Storage Group<br \/>\nNRSF: 73,500<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1550\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/12\/unnamed-34-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Davis Rentals<br \/>\nLocation: Green Cove Springs, FL<br \/>\nBrokers and Brokerage: Meir Perlmuter, Brett Hatcher, Nathan Coe and Gabriel Coe of The Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 85,705<br \/>\nUnit Count: 485 Non-Climate Controlled Units<br \/>\nOccupancy: 97% (Physical)<br \/>\nYear Built: 1996\/2010<br \/>\nHighlights:<\/p>\n<ul>\n<li>List to Close 49 Days<\/li>\n<li>Multiple Offers<\/li>\n<li>Closed Above List Price<\/li>\n<li>Jacksonville, FL MSA Self Storage Facility<\/li>\n<li>No Storage Competitors within Five Miles<\/li>\n<li>Below Market Rents<\/li>\n<li>High Daily Traffic Counts: 34,000 Cars\/Day off U.S. Hwy 17<\/li>\n<li>Rapidly Growing: 79% Population Increase within a Five Mile Radius Since 2000<\/li>\n<li>Affluent Market: Average Household Income within One, Three and Five Miles Is Well Above the National Average<\/li>\n<\/ul>\n<p>Property: Adult Toy Storage<br \/>\nLocation: Altamonte Springs, FL<br \/>\nPurchase Price: $25.2 Million<br \/>\nBrokers and Brokerage: Neal Gussis of CCM Commercial Mortgage and Josh Koerner and Frost Weaver of Weaver Realty Group, LLC<br \/>\nUnit Count: 1,800<br \/>\nAcreage: 55.0<br \/>\nRoom for Expansion: 14 Acres<\/p>\n<p><a href=\"https:\/\/www.sparefoot.com\/self-storage\/news\/10705-americas-largest-rv-and-boat-storage-facility-changes-hands\/\">Source<\/a><\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1551\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/12\/unnamed-30-660x365.png\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: ACE Self Storage<br \/>\nLocation: Andover, OH<br \/>\nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 23,700<br \/>\nUnit Count: 168 Non-Climate Controlled Units<br \/>\nOccupancy: 100% (Physical)<br \/>\nRoom for Expansion: Yes<\/p>\n<p>Property: Vine View Storage<br \/>\nLocation: Social Circle, GA<br \/>\nBrokers and Brokerage: Michael Morrison of Midcoast Properties<br \/>\nNRSF: 20,400<br \/>\nUnit Count: 116<br \/>\nAcreage: 5.6<\/p>\n<p><a href=\"https:\/\/prurgent.com\/2021-12-06\/pressrelease472380.htm\">Source<\/a><\/p>\n<p>Property: Castleton Commerce Center<br \/>\nLocation: Virginia Beach, VA<br \/>\nPurchase Price: $59 Million<br \/>\nBuyer: Cohen Investment Group<br \/>\nNRSF: 390,380<br \/>\nAcreage: 29<br \/>\nHighlights:<\/p>\n<ul>\n<li>$58.15 Million Bridge Loan Provided by Eastern Union<\/li>\n<li>Historically High Occupancy<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.prnewswire.com\/news-releases\/cohen-investment-group-of-norfolk-va-acquires-390-380-square-foot-castleton-commerce-center-in-virginia-beach-va-301440067.html\">Source<\/a><\/p>\n<p>Property: St Cloud, FL Self Storage Facility<br \/>\nLocation: St Cloud, FL<br \/>\nBuyer: Compass Self Storage<br \/>\nNRSF: 62,330<br \/>\nHighlights:<\/p>\n<ul>\n<li>24-Hour Digital Surveillance<\/li>\n<li>Online and Contactless Rentals<\/li>\n<\/ul>\n<p>Property: Howell, MI Self Storage Facility<br \/>\nLocation: Howell, MI<br \/>\nBuyer: Compass Self Storage<br \/>\nNRSF: 52,000<br \/>\nHighlights:<\/p>\n<ul>\n<li>24-Hour Digital Surveillance<\/li>\n<li>Online and Contactless Rentals<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/12\/09\/2349264\/0\/en\/COMPASS-SELF-STORAGE-ADDS-TWO-MORE-SELF-STORAGE-CENTERS-WITH-ACQUISITION-OF-PROPERTIES-IN-FLORIDA-AND-MICHIGAN.html\">Source<\/a><\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1548\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/12\/unnamed-33-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Stor It Self Storage<br \/>\nLocation: Palmdale, CA<br \/>\nBrokers and Brokerage: Tasso Douglas, Jesse Cameron, Brett Hatcher, Gabriel Coe and Jacob Becher of The Hatcher Group of Marcus &amp; Millichap<br \/>\nNRSF: 67,020<br \/>\nUnit Count: 213 Drive-Up Non-Climate Controlled Units and 419 Interior Non-Climate Controlled Units<br \/>\nOccupancy: 97% (Physical)<br \/>\nRoom for Expansion: Yes<br \/>\nHighlights:<\/p>\n<ul>\n<li>Undersaturated Self Storage Market: 7.74 NRSF\/Capita within Three Miles | 6.53 NRSF\/Capita within Five Miles<\/li>\n<li>High Daily Traffic Counts: 11,000 Cars\/Day<\/li>\n<li>Dense &amp; Growing Population: 129,440 People Living within a Five-Mile Radius<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1549\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/12\/unnamed-29.png\" alt=\"\" width=\"600\" height=\"350\" \/><\/p>\n<p>Property: Superior Storage<br \/>\nLocation: Lindale, TX<br \/>\nBrokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quaschnik of The Karr Self Storage Team of Marcus &amp; Millichap<br \/>\nNRSF: 25,820<br \/>\nHighlights:<\/p>\n<p>Property: StorQuest Self Storage<br \/>\nLocation: Arvada, CA<br \/>\nBrokers and Brokerage: Cameron Vale and Parker Sweet of Berkshire Hathaway<br \/>\nNRSF: 80,010<br \/>\nUnit Count: 672<\/p>\n<p><a href=\"https:\/\/karrselfstorage.com\/closed\/\">Source<\/a><\/p>\n<p>Property: County Line Storage<br \/>\nLocation: Yukon, OK<br \/>\nBrokers and Brokerage: Brandon Karr, Danny Cunningham and Bryan Quaschnik of The Karr Self Storage Team of Marcus &amp; Millichap<br \/>\nNRSF: 104,184<br \/>\nOccupancy: 97% (Physical)<br \/>\nRoom for Expansion: Two Acres of Raw Land<\/p>\n<p><a href=\"https:\/\/karrselfstorage.com\/closed\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property: Crowning Touch Storage Location: Marion, OH Brokers and Brokerage: Brett Hatcher and Gabriel Coe of The Hatcher Group of Marcus &amp; Millichap NRSF: 35,552 Unit Count: 250 Non-Climate Controlled Units and 81 Parking Spaces Occupancy: 97% (Physical) Year Built: 2018\/2019 Room for Expansion: 75,000 &#8211; 100,000 SF Acreage: 22.52 Highlights: Under Supplied Market and Fast Lease Up High Daily Traffic Counts: 17,200 Cars\/Day off US Route 23 Property: The Storage Space Location: Mesquite, TX Buyer: Andover Properties NRSF: 74,000 Unit Count: 553 Non-Climate and Climate-Controlled Units Highlights: Convenient Access&hellip;<\/p>\n","protected":false},"author":7,"featured_media":1552,"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\/1542"}],"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=1542"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1542\/revisions"}],"predecessor-version":[{"id":1554,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1542\/revisions\/1554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/1552"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}