{"id":1999,"date":"2022-04-25T14:17:02","date_gmt":"2022-04-25T14:17:02","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=1999"},"modified":"2022-04-28T14:04:25","modified_gmt":"2022-04-28T14:04:25","slug":"recent-closings-4-19-22-4-25-22","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-4-19-22-4-25-22\/","title":{"rendered":"Recent Closings: 4.19.22 \u2013 4.25.22"},"content":{"rendered":"


\n\"\"<\/span><\/p>\n

Portfolio: Harrison Street Eight-Property Portfolio<\/span>
\nLocations: Texas, Illinois and North Carolina<\/span>
\nBrokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL<\/span>
\nUnit Count: 4,317<\/span>
\nOccupancy: 93%<\/span>
\nYear Built: 2004<\/span><\/p>\n

Property: Hammer Lane Self Storage<\/span>
\nClosing Price: $25 Million<\/span>
\nLocation:\u00a0Stockton, CA<\/span>
\nBrokers and Brokerage: Tom de Jong and Dana Chobor of Colliers\u2019 Self Storage Group<\/span>
\nBuyer: Northwest Building<\/span>
\nNRSF: 109,800<\/span>
\nUnit Count: 526 Climate-Controlled Units and 99 Parking Spaces<\/span>
\nYear Built: 2004<\/span><\/p>\n

\"\"<\/span><\/p>\n

Property: All Pro Self Storage<\/span>
\nLocation: Winston-Salem, NC<\/span>
\nBrokers and Brokerage: John C. Lindsey of Lindsey Self Storage Group<\/span>
\nNRSF: 52,275<\/span><\/p>\n

\n
\"\"<\/span><\/div>\n
Property: CubeSmart Managed Self Storage Facility<\/span>
\nLocation: Swansea, MA<\/span><\/div>\n<\/header>\n
\n

Brokers and Brokerage: Bill Sitar of The Storage Acquisition Group<\/span>
\nNRSF: 68,155<\/span>
\nUnit Count: 717<\/span><\/p>\n

\n
Property: Burlington Self Storage<\/span>
\nLocation: Burlington, MA<\/span><\/div>\n<\/header>\n
\n

Buyers: Baranof Holdings and Invesco Real Estate<\/span>
\nNRSF: 89,014<\/span>
\nYear Built: 1990<\/span><\/p>\n<\/div>\n<\/div>\n

\n
Property: DealPoint Merrill Self Storage Facility<\/span>
\nClosing Price: $20 Million<\/span><\/div>\n<\/header>\n
\n

Location: Benbrook, TX<\/span>
\nNRSF: 112,000<\/span>
\nUnit Count: 982 Climate Controlled Units<\/span>
\nHighlights:<\/span><\/p>\n

    \n
  • Class A Facility<\/span><\/li>\n
  • Includes 10,035 Square Foot Goodwill<\/span><\/li>\n<\/ul>\n<\/div>\n
    \n
    \"\"<\/span><\/div>\n
    Property: Magnolia Storage<\/span>
    \nLocation: Gautier, MS<\/span><\/div>\n<\/header>\n
    \n

    Brokers and Brokerage: Anne Williams-Blackwell and Matt Porter of the Williams Group of Marcus & Millichap<\/span>
    \nNRSF: 20,608<\/span>
    \nUnit Count: 110 Non-Climate Controlled Units, Eight Parking and Two Retail Spaces<\/span>
    \nRoom for Expansion: Yes<\/span>
    \nHighlights:<\/span><\/p>\n

      \n
    • Below Market Rates<\/span><\/li>\n
    • High Traffic Counts in Surrounding Area<\/span><\/li>\n
    • Fully Fenced and Gated<\/span><\/li>\n<\/ul>\n
      \n
      \"\"<\/span><\/div>\n
      Portfolio: All Purpose Storage Four-Property Portfolio<\/span>
      \nLocations: Berwick and Naples, ME and Rindge and Somersworth, NH<\/span><\/div>\n<\/header>\n
      \n

      Brokers and Brokerage: Nathan Coe, Luke Dawley, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span>
      \nNRSF: 50,774<\/span>
      \nUnit Count: 398<\/span>
      \nOccupancy: 90% (Physical)<\/span>
      \nRoom for Expansion: Yes<\/span>
      \nHighlights:<\/span><\/p>\n

        \n
      • Non-Climate Controlled and Climate-Controlled Units<\/span><\/li>\n
      • Excellent Locations and Street Frontage<\/span><\/li>\n
      • Affluent Markets and Growing Surrounding Populations<\/span><\/li>\n<\/ul>\n
        \n
        \"\"<\/span><\/div>\n
        Property: Northside Self Storage<\/span>
        \nLocation: Jackson, MI<\/span><\/div>\n<\/header>\n
        \n

        Brokers and Brokerage: Tom Berlin of Marcus & Millichap<\/span>
        \nNRSF: 35,910<\/span>
        \nAcreage: 5.13<\/span>
        \nUnit Count: 343 Drive Up Units<\/span>
        \nRoom for Expansion: Yes<\/span>
        \nYear Built: 1994<\/span><\/p>\n

        \n
        Portfolio: Copper Safe Storage 21-Property Portfolio<\/span>
        \nLocations: Alabama, Florida, Georgia, Mississippi and Tennessee<\/span>
        \nBrokers and Brokerage: Eddie Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap<\/span>
        \nBuyer: Cohen Investment Group<\/span><\/div>\n<\/header>\n
        \n

        Seller: Adams Property Group<\/span>
        \nUnit Count: 3,058<\/span><\/p>\n<\/div>\n

        \n
        Portfolio: Monster Self Storage Three-Property Portfolio<\/span>
        \nClosing Price: $48.5 Million<\/span>
        \nLocations: Winston-Salem, NC, Charleston, SC and Savannah, GA<\/span><\/div>\n<\/header>\n
        \n

        Buyer: Life Storage<\/span>
        \nSeller: Adams Property Group<\/span><\/p>\n<\/div>\n<\/div>\n

        \n
        \"\"<\/span><\/div>\n
        Property: A Sentry Mini Storage<\/span>
        \nLocation: Anchorage, AK<\/span><\/div>\n<\/header>\n
        \n

        Brokers and Brokerage: David Zehendner, Bryce Josepher and Scott Schoettlin of SkyView Advisors<\/span>
        \nNRSF: 65,038<\/span>
        \nUnit Count: 818<\/span>
        \nOccupancy: 90% (Physical) and 77% (Economical)<\/span>
        \nRoom for Expansion: Yes, over 30,000 NRSF<\/span>
        \nHighlights:<\/span><\/p>\n

        \u2022 Value-Add Opportunities<\/span>
        \n\u2022 Prime Opportunity to Drive Revenue Through Raising Current Tenants\u2019 In-Place Rents<\/span>
        \n\u2022 Ability to Collect Administrative Fees<\/span>
        \n\u2022 Raise Returns Via a Tenant Insurance Sales Program<\/span>
        \n\u2022 Self Storage Supply of 4.57 NRSF Per Capita in the Three-Mile Radius<\/span>
        \n\u2022 High Visibility and Favorable Traffic Counts on Glenn Highway with Over 67,000 VPD<\/span>
        \n\u2022 Located Minutes from Entry Points to JB Elmendorf-Richardson (JBER)<\/span>
        \n\u2022 The Turnkey Asset has Been Managed Extremely Well, Setting the Stage for Continued Success in the Current and Future Marketplace<\/span>
        \n\u2022 Anchorage Is Known for its Outdoor Amenities, Including Fishing to Serve as a Recreational Home-Away-From Home for an Investor Upon Acquisition<\/span><\/p>\n<\/div>\n

        \n
        \"\"<\/span><\/div>\n
        Portfolio: Five Star Store It 39 Property Portfolio<\/span>
        \nLocations: Michigan (13 Properties), New Jersey (Two Properties), New York (Three Properties), Ohio (16 Properties) and Pennsylvania (Five Properties)<\/span><\/div>\n<\/header>\n
        \n

        Brokers and Brokerage: Nathan Coe, Daniel Burkons, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span>
        \nNRSF: 1,461,296<\/span>
        \nOccupancy: 94% (Physical)<\/span>
        \nRoom for Expansion: Yes<\/span>
        \nHighlights:<\/span><\/p>\n

          \n
        • Non-Climate Controlled and Climate Controlled Units<\/span><\/li>\n
        • Fully Automated Kiosks Available at 38 of 39 Locations (In Addition to the On-Site Managers)<\/span><\/li>\n
        • 24-Hour Video Surveillance at All Locations<\/span><\/li>\n<\/ul>\n
          \n
          \"\"<\/span><\/div>\n
          Property: Bullskin Self Storage<\/span>
          \nLocation: Springfield, OH<\/span><\/div>\n<\/header>\n
          \n

          Brokers and Brokerage: Nathan Coe, Daniel Burkons, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span>
          \nNRSF: 42,575<\/span>
          \nAcreage: 4.78<\/span>
          \nUnit Count: 275 Non-Climate Controlled and 27 Outdoor Parking Spaces<\/span>
          \nOccupancy: 100% (Physical)<\/span>
          \nRoom for Expansion: Yes<\/span>
          \nHighlights:<\/span><\/p>\n

            \n
          • Little Competition in the Immediate Area: Only Facility within a Three-Mile Radius<\/span><\/li>\n
          • Daily Traffic Counts: 5,000 Cars\/Day off Troy Road<\/span><\/li>\n<\/ul>\n
            \n
            Portfolio: Southeastern Boat and RV Three-Property Storage Portfolio<\/span>
            \nLocation: St. Johns and Yulee, FL.<\/span><\/div>\n<\/header>\n
            \n

            Brokers and Brokerage: Josh Koerner of the Weaver Realty Group, an Argus Self Storage Advisors Affiliate<\/span>
            \nAcreage: 12.0<\/span>
            \nUnit Count: 500+ Covered and Uncovered Parking Spaces<\/span>
            \nOccupancy: 100% (Physical)<\/span>
            \nRoom for Expansion: Yes<\/span><\/p>\n<\/div>\n

            \n
            Property: Scoop\u2019s Storage<\/span>
            \nLocation: Fuquay-Varina, NC<\/span><\/div>\n<\/header>\n
            \n

            Brokers and Brokerage: Braxton Jones of HBJ Group<\/span>
            \nBuyer: L Powell LLC (dba) Lakeside Storage<\/span>
            \nOccupancy: 100% (Physical)<\/span>
            \nRoom for Expansion: Yes<\/span><\/p>\n

            \n
            Property: Calabash Road Self Storage<\/span>
            \nLocation: Calabash, NC<\/span><\/div>\n<\/header>\n
            \n

            Brokers and Brokerage: Braxton Jones of HBJ Group<\/span>
            \nBuyer: Andover Properties<\/span>
            \nNRSF: 61,825<\/span>
            \nUnit Count: 469<\/span><\/p>\n

            \n
            Properties: Two Maine Storage Plus Facilities<\/span>
            \nLocation: Ellsworth, ME<\/span><\/div>\n<\/header>\n
            \n

            Buyer: U-Haul<\/span>
            \nUnit Count: 532<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

            Portfolio: Harrison Street Eight-Property Portfolio Locations: Texas, Illinois and North Carolina Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL Unit Count: 4,317 Occupancy: 93% Year Built: 2004 Property: Hammer Lane Self Storage Closing Price: $25 Million Location:\u00a0Stockton, CA Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers\u2019 Self Storage Group Buyer: Northwest Building NRSF: 109,800 Unit Count: 526 Climate-Controlled Units and 99 Parking Spaces Year Built: 2004 Property: All Pro Self Storage Location: Winston-Salem,…<\/p>\n","protected":false},"author":7,"featured_media":2004,"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\/1999"}],"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=1999"}],"version-history":[{"count":7,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1999\/revisions"}],"predecessor-version":[{"id":2022,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/1999\/revisions\/2022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/2004"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=1999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=1999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=1999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}