{"id":2117,"date":"2022-05-24T13:39:53","date_gmt":"2022-05-24T13:39:53","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=2117"},"modified":"2022-05-24T14:21:42","modified_gmt":"2022-05-24T14:21:42","slug":"recent-closings-5-17-2022-5-23-2022","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-5-17-2022-5-23-2022\/","title":{"rendered":"Recent Closings: 5.17.2022 \u2013 5.23.2022"},"content":{"rendered":"


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

\n
Property: Secure Storage<\/span>
\nLocation: Richfield, NC<\/span>
\nBrokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
\n

NRSF: 37,800<\/span>
\nUnit Count: 262 Non-Climate Controlled Units<\/span>
\nAcreage: 6.42<\/span>
\nRoom for Expansion: Yes<\/span>
\nYear Built: 2018\/2021<\/span>
\nHighlights:<\/span><\/p>\n

    \n
  • Charlotte MSA Self Storage Facility<\/span><\/li>\n
  • Added New Units In December 2021 and Leased Up Extremely Fast<\/span><\/li>\n
  • Growing Surrounding Population<\/span><\/li>\n<\/ul>\n
    \n
    Property: Elite Motorcoach Storage<\/span>
    \nLocation: Sarasota, FL<\/span>
    \nBrokers and Brokerage: Gail Bowden of SVN Commercial Advisory Group<\/span><\/div>\n<\/header>\n
    \n

    NRSF: 14,000<\/span>
    \nAcreage: 5.56<\/span>
    \nHighlights:<\/span><\/p>\n

      \n
    • Hurricane-Proof Building<\/span><\/li>\n
    • 24-Hour Security<\/span><\/li>\n
    • Water Disposal<\/span><\/li>\n<\/ul>\n
      \n
      Property:\u00a0Vault Storage & RV<\/span>
      \nLocation: Chandler, AZ<\/span>
      \nBuyer: SmartStop Self Storage REIT Inc.<\/span><\/div>\n<\/header>\n
      \n

      NRSF: 81,400<\/span>
      \nUnit Count: 590<\/span>
      \nAcreage: 8.4<\/span>
      \nYear Built: 1997\/2020<\/span><\/p>\n

      \n
      Property: Storage Sense<\/span>
      \nClosing Price: $5.3 Million<\/span>
      \nLocation: Winston-Salem, NC<\/span>
      \nBuyer: SROA 2690 E. Sprague NC, LLC.<\/span>
      \nSeller: CLC WSNC III, LLC.<\/span><\/div>\n<\/header>\n
      \n

      NRSF: 41,239<\/span>
      \nAcreage: 2.99<\/span><\/p>\n

      Property: Jacksonville, FL MSA Facility<\/span>
      \nLocation: St Johns, FL<\/span>
      \nBuyer: SmartStop Self Storage REIT, Inc.<\/span><\/header>\n
      \n

      NRSF: 55,400<\/span>
      \nUnit Count: 480<\/span>
      \nAcreage: 2.99<\/span>
      \nYear Built: 2017<\/span>
      \nOccupancy: 100%<\/span><\/p>\n

      Property: Cypress, TX Facility<\/span>
      \nLocation: Cypress, TX<\/span>
      \nBuyer: Andover Properties<\/span><\/header>\n
      \n

      NRSF: 109,000<\/span><\/p>\n<\/div>\n

      Property: McKinney, TX Facility<\/span>
      \nLocation: McKinney, TX<\/span>
      \nBuyer: Andover Properties<\/span><\/header>\n
      \n

      NRSF: 73,000<\/span>
      \nUnit Count: 594 Climate Controlled and Drive-Up Units<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

      \n
      Portfolio: Two-Property Fort Mill, SC Self Storage Portfolio<\/span>
      \nLocation: Fort Mill, SC<\/span>
      \nBrokers and Brokerage: Hunter Sells, Scott Schoettlin and Bryce Josepher of SkyView Advisors<\/span><\/div>\n<\/header>\n
      \n

      NRSF: 57,928<\/span>
      \nUnit Count: 469<\/span>
      \nRoom for Expansion: Yes, at Tega Cay to Add Over 75,000 NRSF in\u200b\u200b\u200b\u200b\u200b\u200b Climate-Controlled and Non-Climate Controlled Units<\/span>
      \nHighlights:<\/span><\/p>\n

        \n
      • The New Owner Will Have the Ability to Grow Occupancies and Raise Rates by 23% to Reach Market Levels<\/span><\/li>\n
      • Very Strong Population Growth of Over Three Percent in the Three-Mile Radius for Both Locations<\/span><\/li>\n
      • Above Average Median House Hold Income of over $75,000 in the\u200b\u200b\u200b\u200b\u200b\u200b Three-Mile Radius of Each Property<\/span><\/li>\n
      • Facilities Located within Five-Miles of One Another<\/span><\/li>\n
      • On-Site Manager\u2019s House at the Tega Cay Property<\/span><\/li>\n<\/ul>\n
        \n
        \"\"<\/span><\/div>\n
        Property: iStor Storage<\/span>
        \nLocation: Wacahachie, TX<\/span>
        \nBroker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap<\/span><\/div>\n<\/header>\n
        \n

        NRSF: 61,750<\/span>
        \nRoom for Expansion: Yes<\/span><\/p>\n

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

        \n
        Property: Starpoint Self Storage & Business Park<\/span>
        \nLocation: Mesquite, TX<\/span>
        \nBroker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap<\/span><\/div>\n<\/header>\n
        \n

        NRSF: 70,590<\/span><\/p>\n

        \n
        Portfolio: American Self Storage Two-Property Portfolio<\/span>
        \nLocation: Havelock, NC<\/span>
        \nBrokers and Brokerage: Hal H. Tanner, III and Dale C. Eisenman of Midcoast Properties<\/span><\/div>\n<\/header>\n
        \n

        NRSF: 54,716<\/span>
        \nUnit Count: 457 Non-Climate Controlled Units<\/span>
        \nAcreage: 3.82<\/span>
        \nHighlights:<\/span><\/p>\n

          \n
        • Properties Situated 1.5 Miles Apart<\/span><\/li>\n
        • Perimeter Fencing<\/span><\/li>\n
        • Security Cameras<\/span><\/li>\n
        • Digital Gate Entry<\/span><\/li>\n
        • Wide Paved Drive Aisles<\/span><\/li>\n<\/ul>\n<\/div>\n
          \n
          \"\"<\/span><\/div>\n
          Property: Watts-N-Storage<\/span>
          \nLocation: Chattanooga, TX<\/span>
          \nBrokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
          \n

          NRSF: 29,303<\/span>
          \nUnit Count: 239 Non-Climate Controlled Units and Four Parking Spaces<\/span>
          \nPhysical Occupancy: 85%<\/span>
          \nHighlights:<\/span><\/p>\n

            \n
          • Close Proximity to Lee Highway: High Daily Traffic Counts of 27,700 Cars\/Day<\/span><\/li>\n
          • Dense & Growing Population: 137,711 People Living within a Five-Mile Radius<\/span><\/li>\n<\/ul>\n
            \n
            \"\"<\/span><\/div>\n
            Property: 80 West Self Storage<\/span>
            \nLocation: Longview, TX<\/span>
            \nBrokers and Brokerage: Danny Cunningham and Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap<\/span><\/div>\n<\/header>\n
            \n

            NRSF: 76,814<\/span>
            \nUnit Count: 445<\/span>
            \nHighlights:<\/span><\/p>\n

              \n
            • Wide Driveways<\/span><\/li>\n
            • 24-Hour Security<\/span><\/li>\n
            • On-Site Manager’s Office<\/span><\/li>\n
            • Perimeter Fencing & Lighting<\/span><\/li>\n
            • Garage-Style Roll Up Doors<\/span><\/li>\n
            • 24-Hour Kiosk<\/span><\/li>\n<\/ul>\n<\/div>\n
              \n
              \"\"<\/span><\/div>\n
              Property: Condev Self Storage<\/span>
              \nLocation: Orlando, FL<\/span>
              \nBrokers and Brokerage: Meir Perlmuter, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
              \n

              NRSF: 53,945<\/span>
              \nUnit Count: 469 Non-Climate Controlled Units<\/span>
              \nHighlights:<\/span><\/p>\n

                \n
              • Orlando, FL MSA Self Storage Facility<\/span><\/li>\n
              • New Construction: Opened in January 2022<\/span><\/li>\n
              • High Barrier to Entry Market<\/span><\/li>\n
              • High Daily Traffic Counts: 24,500 Cars\/Day off Edgewater Drive<\/span><\/li>\n
              • Dense and Growing Population: 273,298 People Living within a Five-Mile Radius; 83,998 People Living within a Three-Mile Radius<\/span><\/li>\n<\/ul>\n
                \n
                \"\"<\/span><\/div>\n
                Portfolio: Virginia Three Property Self Storage Portfolio<\/span>
                \nLocations: Christiansburg and Moneta, VA<\/span>
                \nBrokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
                \n

                NRSF: 67,372<\/span>
                \nUnit Count: 517 Climate Controlled and Non-Climate Controlled Units<\/span>
                \nPhysical Occupancy: 87%<\/span>
                \nRoom for Expansion: Yes, at A & A Storage<\/span>
                \nHighlights:<\/span><\/p>\n

                  \n
                • Roanoke, Virginia MSA Three Property Self Storage Portfolio<\/span><\/li>\n
                • All Three Locations Have Growing Surrounding Populations – Average of 31% Increase Since the Year 2000 within Five Miles of Each Facility<\/span><\/li>\n<\/ul>\n
                  \n
                  Portfolio: StowAway Storage Three-Property Portfolio<\/span>
                  \nLocations: Chapin, SC and Irmo, SC<\/span>
                  \nBroker and Brokerage: Michael Morrison of Midcoast Properties<\/span><\/div>\n<\/header>\n
                  \n

                  NRSF: 174,000<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

                  Property: Secure Storage Location: Richfield, NC Brokers and Brokerage: Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 37,800 Unit Count: 262 Non-Climate Controlled Units Acreage: 6.42 Room for Expansion: Yes Year Built: 2018\/2021 Highlights: Charlotte MSA Self Storage Facility Added New Units In December 2021 and Leased Up Extremely Fast Growing Surrounding Population Property: Elite Motorcoach Storage Location: Sarasota, FL Brokers and Brokerage: Gail Bowden of SVN Commercial Advisory Group NRSF: 14,000 Acreage: 5.56 Highlights: Hurricane-Proof Building 24-Hour Security Water Disposal Property:\u00a0Vault…<\/p>\n","protected":false},"author":7,"featured_media":2118,"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\/2117"}],"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=2117"}],"version-history":[{"count":5,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2117\/revisions"}],"predecessor-version":[{"id":2129,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2117\/revisions\/2129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/2118"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=2117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=2117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=2117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}