{"id":7453,"date":"2024-10-14T16:35:56","date_gmt":"2024-10-14T16:35:56","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=7453"},"modified":"2024-10-24T11:29:59","modified_gmt":"2024-10-24T11:29:59","slug":"recent-transactions-10-08-2024-10-14-2024","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-transactions-10-08-2024-10-14-2024\/","title":{"rendered":"Recent Transactions: 10.08.2024 \u2013 10.14.2024"},"content":{"rendered":"


\nThe seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center\u2019s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.<\/span><\/span><\/span><\/p>\n

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\nP<\/span><\/span>ortfolio<\/span><\/span>: <\/span><\/span><\/span>The Storage Center <\/span><\/span>(<\/span><\/span>three-property<\/span><\/span>)
\n<\/span><\/span><\/span>Locations: <\/span><\/span><\/span>Austin and San Antonio, T<\/span><\/span>X<\/span><\/span> and Glendale, A<\/span><\/span>Z
\n<\/span><\/span><\/span>Year Built: <\/span><\/span><\/span>From <\/span><\/span>2020 to 2023
\n<\/span><\/span><\/span>S<\/span><\/span>eller: Brookwood Properties
\n<\/span><\/span><\/span>B<\/span><\/span>uyer: UTEX Storage Partners
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Jon Danklefs and <\/span><\/span>Ryan Sarbinoff <\/span><\/span>of <\/span><\/span>Marcus & Millichap
\n<\/span><\/span><\/span>Square Feet: <\/span><\/span><\/span>322,775
\n<\/span><\/span><\/span>Unit Count: <\/span><\/span><\/span>3,380 unit<\/span><\/span>s (3,296 climate-controlled and 84 non-climate-controlled units)<\/span><\/span><\/span><\/p>\n

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\nP<\/span><\/span>roperty<\/span><\/span>: <\/span><\/span><\/span>Space Squared Self Storage <\/span><\/span>(Class A Property)
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Grand Rapids, M<\/span><\/span>I
\nAddress: <\/span><\/span><\/span>9<\/span><\/span>49 4 Mile Road NW, Grand Rapids, Michigan
\n<\/span><\/span><\/span>Year Built \/ Renovated: <\/span><\/span>1995 \/ <\/span><\/span>2022<\/span><\/span><\/span>
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Jonathan Fawley, Nathan Coe, Gabriel Coe, Brett Hatcher <\/span><\/span>and Steve Chaben of The Hatcher Coe Group of <\/span><\/span>Marcus & Millichap
\n<\/span><\/span><\/span>NRSF: <\/span><\/span>41,925
\n<\/span><\/span><\/span>Unit Count: <\/span><\/span><\/span>317 unit<\/span><\/span>s (194 climate-controlled and 123 non-climate-controlled units)<\/span><\/span><\/span><\/p>\n

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\nP<\/span><\/span>ortfolio<\/span><\/span>: <\/span><\/span><\/span>Davie RV Storage <\/span><\/span>( <\/span><\/span>newly built<\/span><\/span> three-property portfolio<\/span><\/span>)
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Winston-Salem, NC
\n<\/span><\/span><\/span>Address: <\/span><\/span><\/span>Highway 158, Winston-Salem, North Carolina
\n<\/span><\/span><\/span>Buyer: <\/span><\/span>BlueGate Boat and RV Storage <\/span><\/span>(<\/span><\/span>an affiliated company of Madison Capital Group<\/span><\/span>)
\n<\/span><\/span><\/span>Acreage: 7.51 acres<\/span><\/span><\/span>
\n<\/span><\/span><\/span>Unit Count:\u00a0<\/span><\/span><\/span>281 parking spaces (159 covered)
\n<\/span><\/span><\/span>Occupancy: <\/span><\/span>88%
\n<\/span><\/span><\/span>Vehicles Per Day: <\/span><\/span>12,500<\/span><\/span><\/span><\/p>\n

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P<\/span><\/span>roperty<\/span><\/span>: <\/span><\/span><\/span>All Star Storage
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>New Hartford, C<\/span><\/span>T
\n<\/span><\/span><\/span>Year Built \/ Renovated: <\/span><\/span>2016 \/ 2023
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Nathan Coe, Gabriel Coe, Brett Hatcher <\/span><\/span>and John Krueger <\/span><\/span>of <\/span><\/span>The Hatcher Coe Group of <\/span><\/span>Marcus & Millichap <\/span><\/span>along with Patrick Lemp of Ascendant Valuation Advisors
\n<\/span><\/span><\/span>Acreage: 8.9 acres
\nUnit Count: <\/span><\/span><\/span>350 unit<\/span><\/span>s (mix of climate- and non-climate-controlled units)<\/span><\/span><\/span><\/p>\n

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P<\/span><\/span>roperty<\/span><\/span>: <\/span><\/span><\/span>Self-Storage Property
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Conyers, G<\/span><\/span>A
\nAddress: <\/span><\/span><\/span>4489 McDonough Highway, Conyers, Georgia
\n<\/span><\/span><\/span>Seller: <\/span><\/span>True Self Storage
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Bill Sitar <\/span><\/span>(<\/span><\/span>Jr. Esq.<\/span><\/span>)<\/span><\/span>, John Cranley, Andrew Burachinsky and Monty Spencer <\/span><\/span>of <\/span><\/span>The Storage Acquisition Group (TSAG)
\n<\/span><\/span><\/span>NRSF: <\/span><\/span><\/span>76,125
\n<\/span><\/span><\/span>Unit Count: 911 units<\/span><\/span><\/span><\/p>\n

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P<\/span><\/span>roperty<\/span><\/span>: <\/span><\/span><\/span>Self-Storage Property
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Conyers, G<\/span><\/span>A
\nAddress: <\/span><\/span><\/span>4489 McDonough Highway, Conyers, Georgia
\n<\/span><\/span><\/span>Seller: <\/span><\/span>True Self Storage
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Bill Sitar <\/span><\/span>(<\/span><\/span>Jr. Esq.<\/span><\/span>)<\/span><\/span>, John Cranley, Andrew Burachinsky and Monty Spencer <\/span><\/span>of <\/span><\/span>The Storage Acquisition Group (TSAG)
\n<\/span><\/span><\/span>NRSF: <\/span><\/span><\/span>76,125
\n<\/span><\/span><\/span>Unit Count: 911 units<\/span><\/span><\/span><\/p>\n

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P<\/span><\/span>roperty<\/span><\/span>: <\/span><\/span><\/span>Self-Storage Property
\n<\/span><\/span><\/span>Location: <\/span><\/span><\/span>Round Rock, TX
\n<\/span><\/span><\/span>Address: <\/span><\/span><\/span>506 McNeil Road, Round Rock, Texas
\n<\/span><\/span><\/span>Year Built: 1980
\n<\/span><\/span><\/span>Brokers and Brokerage: <\/span><\/span><\/span>Austin McLeod of Matthews Real Estate Investment Services
\n<\/span><\/span><\/span>NRSF: <\/span><\/span><\/span>28,450
\n<\/span><\/span><\/span>Unit Count: 270 units<\/span><\/span><\/span><\/p>\n

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______________________________________________________________________________________________________<\/span><\/span><\/span><\/p>\n

Do you have a closed\/recent transaction to add? Please send us the details at info@listselfstorage.com<\/strong><\/span><\/a><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center\u2019s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.   Portfolio: The Storage Center (three-property) Locations: Austin and…<\/p>\n","protected":false},"author":13,"featured_media":7457,"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\/7453"}],"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=7453"}],"version-history":[{"count":8,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7453\/revisions"}],"predecessor-version":[{"id":7504,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7453\/revisions\/7504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/7457"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=7453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=7453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=7453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}