{"id":1985,"date":"2022-04-11T18:46:03","date_gmt":"2022-04-11T18:46:03","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1985"},"modified":"2022-04-12T10:46:43","modified_gmt":"2022-04-12T10:46:43","slug":"recent-closings-4-5-22-4-11-22","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-4-5-22-4-11-22\/","title":{"rendered":"Recent Closings: 4.5.22 – 4.11.22"},"content":{"rendered":"

<\/p>\n

\n
\"\"<\/div>\n
Property: The Storage Lot<\/div>\n<\/header>\n
\n

Location: Catawissa, MO
\nBrokers and Brokerage: Anne Williams-Blackwell and Marla \u010coli\u0107 of the Williams Group of Marcus & Millichap
\nNRSF: 19,266
\nAcreage: 2.68
\nUnit Count: 147
\nRoom for Expansion: Yes<\/p>\n

    \n
  • Value-Add Storage Facility In St. Louis, MSA<\/li>\n
  • Completely Fenced and Gated<\/li>\n
  • Year 1 Cap Rate 7.33 Percent<\/li>\n
  • Year 1 Cash-on-Cash of 10.32 Percent<\/li>\n<\/ul>\n
    \n
    Property: Alpha Storage Centers<\/div>\n<\/header>\n
    \n

    Location: Arlington, TX
    \nBrokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap
    \nNRSF: 88,107
    \nUnit Count: 290<\/p>\n<\/div>\n

    \n
    Property: Stadium Storage<\/div>\n<\/header>\n
    \n

    Location: Everett, WA
    \nBrokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap
    \nNRSF: 32,661
    \nAcreage: 2.5
    \nYear Built: 2016
    \nOccupancy: 96% (Physical)
    \nHighlights:<\/p>\n

      \n
    • 100% Climate Controlled<\/li>\n
    • 79 Parking Spaces<\/li>\n<\/ul>\n<\/div>\n

      Property: American Self Storage
      \nLocation: Spring Lake, NC
      \nBrokers and Brokerage: Hal H. Tanner, III of Midcoast Properties
      \nUnit Count: 477
      \nAcreage: 5.09
      \nHighlights:<\/p>\n

        \n
      • Security Cameras<\/li>\n
      • Retail Office<\/li>\n
      • Electronic Gates<\/li>\n<\/ul>\n

        Portfolio: Louisiana Self-Storage Portfolio
        \nClosing Price: $8.8 Million
        \nLocation: Baton Rouge, LA
        \nBrokers and Brokerage: Scott Schoettlin and Bryce Josepher of SkyView Advisors
        \nBuyer: Merit Hill Capital
        \nNRSF: 126,180
        \nUnit Count: 970
        \nAcreage: 5.09
        \nHighlights:<\/p>\n

          \n
        • Ample Upside Through Raising Rates by Four Percent to Reach Market Levels<\/li>\n
        • Ability to Convert Warehouse Spaces on Shreveport to Premium Storage<\/li>\n
        • Implement Professional Management for Efficient Operations and an Increased Market Presence<\/li>\n
        • No New Developments Planned within Five Miles of Each Location<\/li>\n
        • Well-Positioned Assets on Major Roadways with Over 27,000 Vehicles Daily, Respectively<\/li>\n<\/ul>\n

          Property: Buda, TX Self Storage Facility
          \nLocation: Buda, TX
          \nBuyer: Andover Properties
          \nNRSF: 62,000
          \nUnit Count: 395
          \nAcreage: 6.8<\/p>\n

          \n
          Property: Woodstown Mini Storage
          \nClosing Price: $2.5 Million<\/div>\n<\/header>\n
          \n

          Location: Pilesgrove, NJ
          \nBrokers and Brokerage: Matthew Junkin of Marcus & Millichap
          \nNRSF: 22,480
          \nUnit Count: 188 Drive-Up Units and 36 Outdoor Parking Spaces<\/p>\n

          \n
          \"\"<\/div>\n
          Property: Acton Secure Self Storage
          \nLocation: Granbury, TX<\/div>\n<\/header>\n
          \n

          Brokers and Brokerage: Danny Cunningham of Marcus & Millichap
          \nNRSF: 21,050<\/p>\n

          \n
          \"\"<\/div>\n
          Property: Discount Storage
          \nLocation: Justin, TX<\/div>\n<\/header>\n
          \n

          Brokers and Brokerage: Danny Cunningham of Marcus & Millichap
          \nNRSF: 15,500
          \nYear Built\/Expanded: 2019\/2020<\/p>\n

          \"\"<\/p>\n

          \n
          Properties: Anderson Street Storage and T-Town Storage
          \nLocation: Tullahoma, TN<\/div>\n<\/header>\n
          \n

          Brokers and Brokerage: Jody McKibben of Marcus & Millichap
          \nNRSF: 23,240
          \nUnit Count: 159
          \nAcreage: 0.72<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          Property: The Storage Lot Location: Catawissa, MO Brokers and Brokerage: Anne Williams-Blackwell and Marla \u010coli\u0107 of the Williams Group of Marcus & Millichap NRSF: 19,266 Acreage: 2.68 Unit Count: 147 Room for Expansion: Yes Value-Add Storage Facility In St. Louis, MSA Completely Fenced and Gated Year 1 Cap Rate 7.33 Percent Year 1 Cash-on-Cash of 10.32 Percent Property: Alpha Storage Centers Location: Arlington, TX Brokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap NRSF: 88,107 Unit Count: 290 Property: Stadium Storage Location: Everett, WA Brokers and Brokerage:…<\/p>\n","protected":false},"author":7,"featured_media":1986,"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\/1985"}],"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=1985"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1985\/revisions"}],"predecessor-version":[{"id":1992,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1985\/revisions\/1992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/1986"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}