{"id":2172,"date":"2022-06-06T13:45:24","date_gmt":"2022-06-06T13:45:24","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=2172"},"modified":"2022-06-07T12:54:01","modified_gmt":"2022-06-07T12:54:01","slug":"recent-closings-5-31-2022-6-06-2022","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-5-31-2022-6-06-2022\/","title":{"rendered":"Recent Closings: 5.31.2022 – 6.06.2022"},"content":{"rendered":"

<\/p>\n

\n
\"\"<\/div>\n
Property: Value Store It Self Storage<\/span>
\nLocation: Worcester, MA<\/span>
\nBrokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
\n

NRSF: 30,393<\/span>
\nUnit Count: 440<\/span>
\nHighlights:<\/span><\/p>\n

    \n
  • Recently Renovated Self Storage Facility<\/span><\/li>\n
  • Seller Added 140 Units in Early 2021 Nearly Doubling the NRSF<\/span><\/li>\n
  • Recent Capital Improvements: Painted Entire Interior, Replaced the Roof, Repaved Parking Lot, Added Keypad Access and Doubled the Number of Security Cameras<\/span><\/li>\n
  • Worcester Is New England’s Fastest Growing City and Home to Eight Colleges<\/span><\/li>\n
  • Undersaturated Self Storage Market<\/span><\/li>\n
  • High Daily Traffic Counts: 11,300 Cars\/Day<\/span><\/li>\n
  • Dense Surrounding Population: 234,171 People Living within a Five-Mile Radius; 157,462 People Living within a Three-Mile Radius<\/span><\/li>\n<\/ul>\n
    \n
    \n
    \n
    Property: Lock Safe Storage<\/span>
    \nLocation: Independence, IA<\/span>
    \nBrokers and Brokerage: Kirk Martin of the Lindsey Self Storage Group<\/span><\/div>\n<\/header>\n
    \n

    NRSF: 17,550<\/span>
    \nRoom for Expansion: 1.34 Acres<\/span><\/p>\n

    \n
    \"\"<\/span><\/div>\n
    Portfolio: Oswego Mini Storage<\/span>
    \nLocations: Oswego and Fulton, NY<\/span>
    \nBrokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
    \n

    NRSF: 20,900<\/span>
    \nUnit Count: 155<\/span>
    \nPhysical Occupancy: 98%<\/span>
    \nRoom for Expansion: Yes<\/span>
    \nHighlights:<\/span><\/p>\n

      \n
    • Upstate New York Stabilized Three Property Storage Portfolio<\/span><\/li>\n
    • Three Facilities About Ten Miles Apart<\/span><\/li>\n<\/ul>\n
      \n
      \"\"<\/span><\/div>\n
      Property: Self Storage and Car Wash<\/span>
      \nClosing Price: $9.2 Million<\/span>
      \nLocation: Concord, NH<\/span>
      \nBroker and Brokerage: Joseph Mendola of NAI Norwood Group, an Argus Broker Affiliate<\/span><\/div>\n<\/header>\n
      \n

      Unit Count: 443<\/span>
      \nRoom for Expansion: 14,000 NRSF<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

      \"\"<\/span><\/div>\n
      Property: Double D Storage<\/span>
      \nLocation: Turlock, CA<\/span>
      \nBrokers and Brokerage: Gabriel Coe, Brett Hatcher, Jesse Cameron and Tasso Douglas of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
      \n

      NRSF: 87,544<\/span>
      \nUnit Count: 579 Non-Climate Controlled Units and 37 Parking Spaces<\/span>
      \nOccupancy: 99%<\/span>
      \nRoom for Expansion: Yes<\/span>
      \nHighlights:<\/span><\/p>\n

        \n
      • Affluent Market and Dense Surrounding Population<\/span><\/li>\n
      • 94,067 People Living within a Five Mile Radius – Represents a 25% Increase Since the Year 2000<\/span><\/li>\n<\/ul>\n
        \n
        \"\"<\/span><\/div>\n
        Portfolio: Houston, Texas Three Property Portfolio<\/span>
        \nLocations: Baytown, Houston and Spring, TX<\/span>
        \nBrokers and Brokerage: Gabriel Coe, Brett Hatcher, Brian Kelly and Dave Knobler of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
        \n

        NRSF: 139,831<\/span>
        \nUnit Count: 1,142<\/span>
        \nPhysical Occupancy: 94%<\/span>
        \nHighlights:<\/span><\/p>\n

          \n
        • Houston MSA Three Property Self Storage Portfolio<\/span><\/li>\n
        • Climate Controlled and Non-Climate Controlled Units<\/span><\/li>\n
        • Below Market Rents<\/span><\/li>\n
        • All Three Locations Have Extremely Dense and Growing Surrounding Populations<\/span><\/li>\n
        • Fifth Highest Metro Population in the Country<\/span><\/li>\n
        • Excellent Locations and Street Frontage<\/span><\/li>\n
        • High Daily Traffic Counts: Baytown: 51,000 Cars\/Day | Rippling Water: 6,000 Cars\/Day | Montgomery: 10,000 Cars\/Day<\/span><\/li>\n<\/ul>\n
          \n
          \"\"<\/span><\/div>\n
          Property: IN RV Storage<\/span>
          \nLocation: Sacramento, CA<\/span>
          \nBrokers and Brokerage: Gabriel Coe, Brett Hatcher, Jesse Cameron, Jacob Becher and Tasso Douglas of the Hatcher-Coe Group of Marcus & Millichap<\/span><\/div>\n<\/header>\n
          \n

          Unit Count: 194 RV Parking Spaces<\/span>
          \nPhysical Occupancy: 98%<\/span>
          \nRoom for Expansion: Yes<\/span>
          \nHighlights:<\/span><\/p>\n

            \n
          • Plans and Approvals for Approx. 60,000+ NRSF Self Storage Facility with CC and NCC Units<\/span><\/li>\n
          • High Daily Traffic Counts: 29,000 Cars\/Day<\/span><\/li>\n
          • $200 Million in Recent Private Investments that Has Ignited a Transformation on Stockton Blvd<\/span><\/li>\n
          • Densely Populated: 402,549 People Living within a Five-Mile Radius; 174,209 People Living within a Three-Mile Radius<\/span><\/li>\n<\/ul>\n
            \n
            \"\"<\/span><\/div>\n
            Property: RV Boat Storage Works<\/span>
            \nLocation: Cape Coral\/Ft Myers, FL MSA<\/span>
            \nBrokers and Brokerage: Richard Riddle, Scott Schoettlin and Bryce Josepher of SkyView Advisors<\/span><\/div>\n<\/header>\n
            \n

            NRSF: 107,159<\/span>
            \nUnit Count: 239<\/span>
            \nHighlights:<\/span><\/p>\n

              \n
            • Prime Opportunity to Establish a Significant Market Footprint with a Brand New, Institutional Quality Boat & RV Storage Asset in Ft. Myers, Florida<\/span><\/li>\n
            • Significant Upside by Raising Rental Rates to Meet the Market by Stabilization<\/span><\/li>\n
            • Consistently Maintains a Strong Waitlist on High-Demand Units for Boat & RV Storage<\/span><\/li>\n
            • Excellent Annual Population Growth Rate of 2.83 Percent Is Indicative of the Facility\u2019s Desirable Location in a Three-Mile Trade Area<\/span><\/li>\n
            • Over 140,000 Individuals within Five Miles of the Subject Property<\/span><\/li>\n
            • Limited Boat and RV Storage Options within a 10-Mile Radius Ensures a Significant Market Presence for Years to Come<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

              Property: Value Store It Self Storage Location: Worcester, MA Brokers and Brokerage: Nathan Coe, Brett Hatcher, Luke Dawley and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 30,393 Unit Count: 440 Highlights: Recently Renovated Self Storage Facility Seller Added 140 Units in Early 2021 Nearly Doubling the NRSF Recent Capital Improvements: Painted Entire Interior, Replaced the Roof, Repaved Parking Lot, Added Keypad Access and Doubled the Number of Security Cameras Worcester Is New England’s Fastest Growing City and Home to Eight Colleges Undersaturated Self Storage Market High…<\/p>\n","protected":false},"author":7,"featured_media":2173,"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\/2172"}],"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=2172"}],"version-history":[{"count":4,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2172\/revisions"}],"predecessor-version":[{"id":2187,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2172\/revisions\/2187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/2173"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=2172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=2172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=2172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}