{"id":2369,"date":"2022-07-18T15:03:08","date_gmt":"2022-07-18T15:03:08","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=2369"},"modified":"2022-07-18T15:19:12","modified_gmt":"2022-07-18T15:19:12","slug":"recent-closings-7-12-2022-7-18-2022","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings-7-12-2022-7-18-2022\/","title":{"rendered":"Recent Closings: 7.12.2022 – 7.18.2022"},"content":{"rendered":"

<\/p>\n

\n
\n
\"\"<\/div>\n
Portfolio: Nicol Investment Company\u2019s Self Storage Portfolio<\/span>
\nClosing Price: $102 Million<\/span>
\nLocations: Franklin, Hendersonville, Nashville and Two Facilities in Murfreesboro, TN<\/span>
\nBrokers and Brokerage: Ashley Compton of Colliers Self Storage Group<\/span>
\nBuyer: Hines Global Income Trust<\/span><\/div>\n<\/header>\n
NRSF: 341,202 and 13,445 of Retail Space<\/span>
\nUnit Count: 3,204 Climate-Controlled Units<\/span>
\nDetails:<\/span><\/div>\n
    \n
  • Carothers \u2013 697-unit, 71,925 net RSF of storage on Carothers Parkway in Franklin, TN<\/span><\/li>\n
  • Hendersonville \u2013 599-unit, 67,893 RSF of storage with 9,545 SF of 4 ground-floor retail suites on Saundersville Road in Hendersonville, TN<\/span><\/li>\n
  • Murfreesboro \u2013 577-unit, 67,315 net RSF of storage on Medical Center Parkway in Murfreesboro, TN<\/span><\/li>\n
  • Nashville \u2013 607-unit, 59,698 RSF of storage with 3,900 SF of ground-floor retail space on Alabama Avenue in Nashville, TN<\/span><\/li>\n
  • The Avenue \u2013 724-unit, 74,372 net RSF of storage on Livy Dearing Place in Murfreesboro, TN<\/span><\/li>\n<\/ul>\n

    Portfolio: Home Star Storage<\/span>
    \nLocations: Atlanta, GA, Cincinnati, OH and Orlando, FL<\/span>
    \nBrokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap<\/span>
    \nNRSF: 213,960<\/span>
    \nUnit Count: 2,062<\/span>
    \nOccupancy: 81%<\/span><\/p>\n

    \"\"<\/span><\/div>\n
    Property: StoreEase (Managed)<\/span>
    \nLocation: Gainesville, GA<\/span>
    \nBroker and Brokerage: John C. Lindsey of Lindsey Self Storage Group<\/span>
    \nBuyer: Liberty Investment Properties<\/span>
    \nNRSF: 131,470<\/span><\/span> <\/p>\n<\/div>\n<\/header>\n
    Property: The Storage Spot<\/span>
    \nClosing Price: $20 Million<\/span>
    \nLocation: Fremont, CA<\/span>
    \nBroker and Brokerage: Levin Johnston of Marcus & Millichap<\/span>
    \nUnit Count: 645<\/span><\/span> <\/p>\n<\/div>\n
    Property: Vault Storage<\/span>
    \nLocation: North Wales, PA<\/span>
    \nBuyer: SecureSpace<\/span>
    \nNRSF: 82,080 Climate Controlled<\/span>
    \nYear Built: 2018<\/span><\/span> <\/p>\n<\/div>\n
    Property: Greater Jacksonville, FL Facility<\/span>
    \nLocation: St. Johns, FL<\/span>
    \nBuyer: Strategic Storage Trust VI<\/span>
    \nNRSF: 60,000<\/span>
    \nUnit Count: 490<\/span><\/div>\n
    <\/div>\n
    \"\"<\/span><\/div>\n
    Property: Urban Storage<\/span>
    \nClosing Price: $18 Million<\/span>
    \nLocation: Tacoma, WA<\/p>\n

    <\/span><\/div>\n

    Property: CubeSmart Managed Facility<\/span>
    \nClosing Price: $32.5 Million<\/span>
    \nLocation: Shoreline, WA<\/span>
    \nBuyer: Harrison Street Capital<\/span>
    \nSeller: Columbia Pacific Advisors<\/span>
    \nNRSF: 129,261<\/p>\n

    <\/span><\/div>\n

    Property: CubeSmart Managed Facility<\/span>
    \nClosing Price: $37.4 Million<\/span>
    \nLocation: Woodville, WA<\/span>
    \nBuyer: Harrison Street Capital<\/span>
    \nSeller: Columbia Pacific Advisors<\/span>
    \nNRSF: 95,527<\/span><\/div>\n
    \"\"<\/span><\/div>\n
    Property: GreenFill Storage<\/span>
    \nLocation: Memphis, TN MSA<\/span>
    \nBrokers and Brokerage: John C. Lindsey and Jim Ritchie of Lindsey Self Storage Group<\/span>
    \nNRSF: 107,105<\/span><\/div>\n
    <\/div>\n
    \"\"<\/span><\/div>\n
    Property: AAA RV and Boat Storage<\/span>
    \nClosing Price: $8.05 Million<\/span>
    \nLocation: Arvada, CO<\/span>
    \nBrokers and Brokerage: Jason White and Nick Steitz of JLL<\/span><\/div>\n
    <\/div>\n
    \"\"<\/span><\/div>\n
    Property: Former Walmart at Midtown Center<\/span>
    \nClosing Price: $3.28 Million<\/span>
    \nLocation: Milwaukee, WI<\/span>
    \nBuyer: Affordable Family Storage<\/span>
    \nBuilding GSF: 160,000<\/span>
    \nAcreage: 15.0+<\/p>\n

    <\/span><\/div>\n

    \n
    Portfolio: Greater Atlanta MSA\/Fort Knox Self Storage Portfolio<\/span>
    \nLocations: Gainesville and Hampton, GA<\/span>
    \nBrokers and Brokerage: Scott Schoettlin, Bryce Josepher and Zach Urow of SkyView Advisors<\/span><\/div>\n<\/header>\n
    NRSF: 42,953<\/span>
    \nUnit Count: 263<\/span><\/div>\n
    Room for Expansion: 23,500 Approved NRSF<\/span>
    \nHighlights:<\/span><\/div>\n
    \n
      \n
    • The New Investor Is Acquiring Over 40,000 NRSF of Storage with Multiple Value-Add Opportunities<\/span><\/li>\n
    • Retail Conversion Opportunity Allowing for 5,000 NRSF in Self Storage for the Gainesville Asset<\/span><\/li>\n
    • The New Owner Will Have the Opportunity to Raise Rental Rates to Reach Market Levels by Four Percent Portfolio-Wide<\/span><\/li>\n
    • Very Low Supply of 1.26 NRSF Per Capita for Hampton Facility<\/span><\/li>\n
    • Both Sites are Situated Along High Traffic Count Roads Averaging Over 19,000 Vehicles Per Day<\/span><\/li>\n<\/ul>\n<\/div>\n
      \n

      Property: The Storage Stop<\/span>
      \nLocation: Amarillo, TX<\/span>
      \nBroker and Brokerage: John Owens of KW Commercial Investment Advisors<\/span>
      \nNRSF: 21,900<\/span>
      \nUnit Count: 130<\/span>
      \nPhysical Occupancy: 95%<\/span>
      \nRoom for Expansion: Yes<\/span><\/p>\n

      Property: Megacenter Palmetto (Mixed Use)<\/span>
      \nClosing Price: $33 Million<\/span>
      \nLocation: Medley, FL<\/span>
      \nBuyer: BaySpace (Formerly MCSS)<\/span>
      \nNRSF: 180,000<\/span>
      \nAcreage: 8.6<\/span>
      \nYear Built: 1970<\/span><\/p>\n

      Property: Bluewater Self Storage<\/span>
      \nLocation: Murrells Inlet, SC<\/span>
      \nBroker and Brokerage: Michael Morrison of Midcoast Properties<\/span>
      \nUnit Count: 265<\/span>
      \nAcreage: 2.44<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Portfolio: Nicol Investment Company\u2019s Self Storage Portfolio Closing Price: $102 Million Locations: Franklin, Hendersonville, Nashville and Two Facilities in Murfreesboro, TN Brokers and Brokerage: Ashley Compton of Colliers Self Storage Group Buyer: Hines Global Income Trust NRSF: 341,202 and 13,445 of Retail Space Unit Count: 3,204 Climate-Controlled Units Details: Carothers \u2013 697-unit, 71,925 net RSF of storage on Carothers Parkway in Franklin, TN Hendersonville \u2013 599-unit, 67,893 RSF of storage with 9,545 SF of 4 ground-floor retail suites on Saundersville Road in Hendersonville, TN Murfreesboro \u2013 577-unit, 67,315 net RSF…<\/p>\n","protected":false},"author":7,"featured_media":2370,"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\/2369"}],"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=2369"}],"version-history":[{"count":5,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"predecessor-version":[{"id":2380,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2369\/revisions\/2380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/2370"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}