{"id":845,"date":"2021-06-30T22:01:52","date_gmt":"2021-06-30T22:01:52","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=845"},"modified":"2021-07-20T14:35:16","modified_gmt":"2021-07-20T14:35:16","slug":"recent-closings","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-closings\/","title":{"rendered":"Recent Closings"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nFrom 6.23.21 &#8211; 6.30.21, the following transactions were recorded. Visit our &#8220;Recent Transactions&#8221; page to view more.<\/p>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-850 alignleft\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-3-660x365.png\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Kutztown Self Storage<br \/>\nLocation: Kutztown, PA<br \/>\nNRSF: 22,243<br \/>\nBroker and Brokerage: The Hatcher Group of Marcus &amp; Millichap<br \/>\nExpansion Potential: Yes; approvals on 56,950 NRSF one mile away and awaiting permits<br \/>\nOccupancy: 97.9% (physical)\/86.3% (economic)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Two Eastern Pennsylvania stabilized self storage facilities 0.4 mile apart<\/li>\n<li>Upside through tenant insurance penetration<\/li>\n<li>Less than 0.5 mile from Kutztown University of Pennsylvania (roughly 8,300 students)<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"size-full wp-image-848 alignright\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-2.png\" alt=\"\" width=\"600\" height=\"354\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Property: Stowaway Storage<br \/>\nLocation: Madison Heights, VA<br \/>\nNRSF: 39,775<br \/>\nUnits: 306<br \/>\nBrokerage: Colliers International<br \/>\nAcreage: 11.04<br \/>\nYear Built: 1996<br \/>\nOccupancy: 96% (physical)<br \/>\nExpansion Potential: Yes<br \/>\nHighlights:<\/p>\n<ul>\n<li>Multiple offers<\/li>\n<li>Closed in 43 days<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-847 alignleft\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-12-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/>Property: Patuxent Self Storage<br \/>\nLocation: Lexington Park, MD<br \/>\nNRSF: 32,190<br \/>\nUnits:207<br \/>\nBrokerage: The Hatcher Group of Marcus &amp; Millichap<br \/>\nOccupancy: 95% (physical)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Multiple offers at and above listing price<\/li>\n<li>Capital improvements including new roofs, lighting and security<\/li>\n<li>Below market rents<\/li>\n<li>Traffic counts of 18,400 VPD<\/li>\n<li>Average household income of $101,197 within a five-mile radius<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-851 alignright\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-4-654x365.png\" alt=\"\" width=\"654\" height=\"365\" srcset=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-4-654x365.png 654w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-4-500x280.png 500w\" sizes=\"(max-width: 654px) 100vw, 654px\" \/><\/p>\n<p>Property: Brunswick Self Storage<br \/>\nLocation: Brunswick, MD<br \/>\nNRSF: 24,761<br \/>\nUnits: 247<br \/>\nBrokerage: The Hatcher Group of Marcus &amp; Millichap<br \/>\nExpansion Potential: Yes, 521-units throughout 43,725 square feet<br \/>\nOccupancy: 100% (physical)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Multiple offers at and above listing price<\/li>\n<li>Phase II expansion came online in November 2019 and site is 100% full<\/li>\n<li>Located about 60 miles From Washington D.C., on the Potomac River and is home to a commuter rail station servicing D.C.<\/li>\n<li>Additional upside through implementation of tenant insurance program<\/li>\n<li>2.90 NRSF\/person within a five-mile radius<\/li>\n<li>Average household income of $143,143 within a five-mile radius<\/li>\n<li>Five-mile population has increased by nearly 50% since 2000<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-846 alignleft\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-11-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>Property: Extra Space (Managed) Two-Facility Portfolio<br \/>\nLocation: Dallas-Fort Worth MSA, TX<br \/>\nNRSF: 162,960<br \/>\nUnits: 1,321<br \/>\nBrokerage: Karr Self Storage of Marcus &amp; Millichap<br \/>\nExpansion Potential: Yes<br \/>\nOccupancy: 95% (physical)\/65% (economic)<br \/>\nHighlights:<\/p>\n<ul>\n<li>Closed in less than 60 days<\/li>\n<li>Multiple offers leading to closing price higher than seller expectations<\/li>\n<li>Garage-style roll up doors<\/li>\n<li>Key pad gated entry<\/li>\n<li>Perimeter fencing and lighting<\/li>\n<li>24-our surveillance cameras<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-849 alignright\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/06\/unnamed-13-660x365.jpg\" alt=\"\" width=\"660\" height=\"365\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Property: Tiger Drive Storage<br \/>\nLocation: Thibodaux, LA<br \/>\nNRSF: 39,040<br \/>\nUnits: 185<br \/>\nBrokerage: Berkshire Hathaway Storage Group<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From 6.23.21 &#8211; 6.30.21, the following transactions were recorded. Visit our &#8220;Recent Transactions&#8221; page to view more. Property: Kutztown Self Storage Location: Kutztown, PA NRSF: 22,243 Broker and Brokerage: The Hatcher Group of Marcus &amp; Millichap Expansion Potential: Yes; approvals on 56,950 NRSF one mile away and awaiting permits Occupancy: 97.9% (physical)\/86.3% (economic) Highlights: Two Eastern Pennsylvania stabilized self storage facilities 0.4 mile apart Upside through tenant insurance penetration Less than 0.5 mile from Kutztown University of Pennsylvania (roughly 8,300 students) &nbsp; &nbsp; &nbsp; Property: Stowaway Storage Location: Madison Heights,&hellip;<\/p>\n","protected":false},"author":7,"featured_media":846,"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\/845"}],"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=845"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/845\/revisions"}],"predecessor-version":[{"id":905,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/845\/revisions\/905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/846"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}