{"id":7077,"date":"2024-09-02T15:58:16","date_gmt":"2024-09-02T15:58:16","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=7077"},"modified":"2024-09-16T08:55:06","modified_gmt":"2024-09-16T08:55:06","slug":"recent-transactions-8-27-2024-9-02-2024","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-transactions-8-27-2024-9-02-2024\/","title":{"rendered":"Recent Transactions: 8.27.2024 \u2013 9.02.2024"},"content":{"rendered":"


\nThe recent self-storage transactions highlight the diverse market dynamics at play, reflecting both the consolidation trends within the industry and the strategic acquisition of properties in growth markets. Older facilities like those in Lakeland, FL, and Richmond, VA, are being repurposed or modernized to meet evolving consumer demands, while newer properties in areas like Canton, GA, and Columbus, MS, are expanding to capitalize on strong occupancy rates and growing demand for climate-controlled units. The involvement of major players like StorageMart and SmartStop Self Storage underscores the industry\u2019s focus on acquiring strategically located, high-quality assets to enhance market share and operational efficiencies. These deals collectively showcase a market that values both innovation in facility design and the ability to cater to diverse tenant needs.<\/span><\/span><\/span><\/p>\n

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\nProperty: <\/span><\/span><\/span>Lakeland Self Storage <\/span><\/span>(Two Facilities \u2013 approx. one mile apart)
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Lakeland, F<\/span><\/span>L
\n<\/span><\/span><\/span>Address: <\/span><\/span><\/span>2326 West Memorial Boulevard <\/span><\/span>&<\/span><\/span> 2008 West Olive Street, <\/span><\/span>Florida
\n<\/span><\/span><\/span>Year Built: <\/span><\/span><\/span>1970 and 2005
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Nathan Coe, Gabriel Coe, Brett Hatcher <\/span><\/span>and Ryan Nee<\/span><\/span> of <\/span><\/span>the Hatcher Coe Group of <\/span><\/span>Marcus & Millichap
\n<\/span><\/span><\/span>Acreage: <\/span><\/span><\/span>2.73 acres
\n<\/span><\/span><\/span>Square Feet: <\/span><\/span><\/span>29,028<\/span><\/span><\/span>
\nUnit Count: <\/span><\/span><\/span>257 units <\/span><\/span>(27 climate-controlled and 230 non-climate-controlled units)<\/span><\/span><\/span><\/p>\n

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\nProperty: <\/span><\/span><\/span>Second Attic Storage
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Bessemer, A<\/span><\/span>L
\n<\/span><\/span><\/span>Address: <\/span><\/span><\/span>1760 4th Avenue SW, Bessemer, Alabama
\nYear Built: 2006
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Greenhalgh, Jake Payne and Lee Thornton <\/span><\/span>of <\/span><\/span>Marcus & Millichap
\n<\/span><\/span><\/span>Acreage: <\/span><\/span><\/span>3.05 acres
\n<\/span><\/span><\/span>NRSF: <\/span><\/span><\/span>34,250
\n<\/span><\/span><\/span>Unit Count: <\/span><\/span><\/span>302 units <\/span><\/span>(<\/span><\/span>climate and non-climate-controlled storage<\/span><\/span>)<\/span><\/span><\/span><\/p>\n

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\nProperty: <\/span><\/span><\/span>Friendly City Mini Warehouses
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Columbus, M<\/span><\/span>S
\n<\/span><\/span><\/span>Address: <\/span><\/span><\/span>7627 Highway 45 N, Columbus, Mississippi
\n<\/span><\/span><\/span>Year <\/span><\/span>Built \/ <\/span><\/span>Expanded: <\/span><\/span>2022 \/ 2024
\n<\/span><\/span><\/span>S<\/span><\/span>eller: Peter Imes
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Matthew Porter <\/span><\/span>and <\/span><\/span>Mickey Davis <\/span><\/span>of <\/span><\/span>Marcus & Millichap
\n<\/span><\/span><\/span>Acreage: <\/span><\/span><\/span>3.25 acres <\/span><\/span>(<\/span><\/span>with room for future growth<\/span><\/span>)
\n<\/span><\/span><\/span>NRSF: <\/span><\/span><\/span>47,720
\n<\/span><\/span><\/span>Unit Count: <\/span><\/span><\/span>314 unit<\/span><\/span>s (<\/span><\/span>163 climate-controlled and 145 non-climate-controlled units<\/span><\/span>)
\n<\/span><\/span><\/span>O<\/span><\/span>ccupancy: 91%
\n<\/span><\/span><\/span>Highlights:<\/span><\/span><\/span><\/p>\n