{"id":3651,"date":"2023-05-02T12:25:34","date_gmt":"2023-05-02T12:25:34","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=3651"},"modified":"2023-05-02T12:25:34","modified_gmt":"2023-05-02T12:25:34","slug":"recent-transactions-4-25-2023-5-01-2023","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-transactions-4-25-2023-5-01-2023\/","title":{"rendered":"Recent Transactions: 4.25.2023 \u2013 5.01.2023"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"\" src=\"https:\/\/skyviewadvisors.com\/wp-content\/uploads\/2022\/12\/Ace-1CC-1024x725.jpg\" alt=\"Ace-1CC\" width=\"626\" height=\"443\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Property: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Ace Storage<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Billings, MT<br \/>\nYear Built: 1993<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brokers and Brokerage: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Acreage: 1.73 Acres<br \/>\nNRSF: 33,600<br \/>\nUnit Count: 201 units<br \/>\nOccupancy: 99%<br \/>\nVehicles Per Day: 11,600<br \/>\nHighlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The subject property offers 3 buildings of well-maintained self-storage options<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The buyer will have the opportunity to increase revenue by implementing a tenant insurance program<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Capability to raise rental rates 23 percent to meet the market level<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">No planned or new self storage construction in the five-mile radius<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Direct view of the facility off the hilltop road<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">High population growth of 1.19% in the one-mile radius<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Fully-stabilized asset<br \/>\n<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/bloximages.newyork1.vip.townnews.com\/perutribune.com\/content\/tncms\/assets\/v3\/editorial\/f\/97\/f979ac1b-1fb2-5294-a9e7-860042dea153\/6447d6c876c8c.image.jpg?resize=986%2C519\" width=\"625\" height=\"329\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Portfolio: Western Michigan 12 Property Portfolio<br \/>\nLocations: Muskegon, Fruitport, Spring Lake, Kent City and West Olive, MI<br \/>\nBuyer: Prestige Storage (in partnership with Peaceable Street Capital)<br \/>\nSquare Feet: 490,302 (combined)<br \/>\nUnit Count: 2,956 non-climate-controlled and climate-controlled units + 100 outdoor parking spaces for boats, RVs and trucks<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/www.sparefoot.com\/self-storage\/news\/wp-content\/uploads\/sites\/4\/2023\/04\/LaGrange-img1.png\" width=\"625\" height=\"314\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Property: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Lafayette Parkway Self Storage<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">LaGrange, GA<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Buyer: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Spartan Investment Group<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 80,000<br \/>\nUnit Count: 469 units<br \/>\nHighlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Will operate as FreeUp Storage LaGrange<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The site includes 16 buildings<br \/>\n<\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><br \/>\nProperty: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Self Storage Facility<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Chapel Hill, NC<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Buyer: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Rosewood Property Co.<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 76,501<br \/>\nUnit Count: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">751 climate-controlled units and 67 wine storage units<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Extra Space Storage will continue to manage the site<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Has multiple stories<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/skyviewadvisors.com\/wp-content\/uploads\/2022\/10\/HSV-10-1024x725.jpg\" alt=\"HSV-10\" width=\"626\" height=\"443\" \/><br \/>\n<span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Property: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Harbour View Self Storage<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Chesapeake, VA<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Year Built: 2003<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brokers and Brokerage: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Acreage: 6.55 Acres<br \/>\nNRSF: 72,040<br \/>\nUnit Count: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">454 (ability to add 40 parking spaces)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Population Growth: 45 % (three-mile radius)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Household Income: $85,481 (three-mile radius)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Vehicles Per Day: 90,000 (along Hampton Roads beltway and Pughsville Road<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Opportunity to acquire a class-A facility in the growing market of Chesapeake, Virginia<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Pre-approval letter from the city for expansion potential<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Ability to increase rates by 38 % to reach market levels<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Virginia beach-Norfolk-Newport news MSA has the largest concentration of military personnel outside of the pentagon, with over 89,600 active-duty military members<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-3667\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2023\/04\/Serious-Storage.png\" alt=\"\" width=\"625\" height=\"314\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Property: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Serious Storage<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">West End, NC<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Broker and Brokerage: <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">John C. Lindsey of Lindsey Self Storage Group<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><br \/>\nNRSF: 15,550<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/ci5.googleusercontent.com\/proxy\/Ci-YGGGP8KVcKjNBRnI15pEbuMJumIi4SznNl_JCbAg-ttvQEFJpXsjHhsNIwrHBbBKc8tJhJwAkG3zMihoq31qMrKrwK3KESkVe0Esi93CFdgiV1x3sXKcOijgJN5VPJbY3zrs8wWTXEDpE2ELZ3fQ2=s0-d-e1-ft#https:\/\/files.constantcontact.com\/eee2f644901\/5e37c865-e899-4c6a-8ab8-061e763020c7.jpg?rdr=true\" width=\"625\" height=\"367\" \/><br \/>\n<span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Property: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Watseka Storage<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Location: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Watseka, IL<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Year Built: 2002<br \/>\nBrokers and Brokerage: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Frank DeSalvo <\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">and David Perlleshi of Franklin Street<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Acreage: 1.07 Acres<br \/>\nNRSF: 12,600<br \/>\nUnit Count: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">104 non-climate units<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Occupancy: 95%<br \/>\nHighlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Significant rent raises are scheduled to go into place November 1st, which will increase the monthly income by over $2,500<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Competitors within the trade area are all mom-and pop managed and are over 95% physical occupancy<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Watseka has a population of over 4,900 people and is located 2 hours outside of Chicago<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">The Chicago MSA is the third largest in the country with over 9.5 million people<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/ci5.googleusercontent.com\/proxy\/3x98ruBZJetnlN9sOsjN-jOEQtOytcBsXiUH2wzfW4MOCitvr6m3T4CN5Bz2ncxYqCR4w3DKw1dpt3WUNdeAD25R8iJ4vq9s6NPJQ_QOhtgHtpR4wexr9Xo4ZcjV-Y_W43lXkNVlXv0Y4f5AHpmJ6Ksc=s0-d-e1-ft#https:\/\/files.constantcontact.com\/c77243c9501\/db9a1dfb-8ee3-47de-925d-b748ec91309b.png?rdr=true\" width=\"625\" height=\"404\" \/><br \/>\n<span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Property: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Monte Vista Mini Storage<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Location: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Turlock, C<\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">A<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><br \/>\nBrokers and Brokerage: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Tasso Douglas, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus &amp; Millichap<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><br \/>\nNRSF: 94,000<br \/>\nUnit Count: <\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">577 non-climate-controlled units and 23 parking spaces<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Occupancy: 93%<br \/>\nHighlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Modesto MSA, class A self storage facility<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Located under a mile from California State University, Stanislaus<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Dense &amp; growing surrounding population: 92,692 people living within a five mile radius<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Population has increased by over 24.7% since the year 2000<\/span><\/span><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Property: Ace Storage Location: Billings, MT Year Built: 1993 Brokers and Brokerage: Brandon Lavern, Aaron Sanchez and Scott Schoettlin of SkyView Advisors Acreage: 1.73 Acres NRSF: 33,600 Unit Count: 201 units Occupancy: 99% Vehicles Per Day: 11,600 Highlights: The subject property offers 3 buildings of well-maintained self-storage options The buyer will have the opportunity to increase revenue by implementing a tenant insurance program Capability to raise rental rates 23 percent to meet the market level No planned or new self storage construction in the five-mile radius Direct view of the&hellip;<\/p>\n","protected":false},"author":13,"featured_media":3652,"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\/3651"}],"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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=3651"}],"version-history":[{"count":11,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3651\/revisions"}],"predecessor-version":[{"id":3683,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3651\/revisions\/3683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/3652"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=3651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=3651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=3651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}