Update 9/30/21 – Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of additional activity happening in September 2021.
Development and real estate firm InSite Property Group, which operates the SecureSpace Self Storage brand, purchased A Storage Center in the Parkland neighborhood of Tacoma, Washington. The facility at 220 112th St. E. comprises 66,773 square feet and is surrounded by multi-family housing. Based in Redondo Beach, Calif., InSite has more than 40 facilities operating or under construction.
Advance Self Storage Center in Hager City, Wisconsin, sold. The facility at 1563 US Highway 63 comprises 61,560 square feet in 376 drive-up units and 62 vehicle-storage spaces. The buyer and the seller were represented in the transaction by Gabriel Coe, Brett Hatcher and Brian Kelly, investment specialists with The Hatcher Group of Marcus & Millichap (M&M), a commercial real estate investment firm with offices throughout Canada and the United States. They were assisted by Todd Lindblom, Wisconsin regional manager for M&M.
Box Self Storage in Overland Park, Kansas, sold to National Storage Affiliates Trust, a Maryland-based real estate investment trust (REIT). The 2.7-acre property at 12180 W. 135th St. comprises 71,185 square feet in 612 units. The seller was represented in the transaction by Ashley Compton, national director of Colliers Self Storage Group, which offers self-storage brokerage and advisory services.
Carrollton Self Storage in Carrollton, Georgia, sold to an out-of-state buyer. Built on 4.4 acres, the facility at 595 Columbia Drive comprises 186 units. The seller was represented in the transaction by J. Kris Knowles, a broker for Midcoast Properties Inc., a commercial real estate brokerage focused on self-storage in Alabama, the Carolinas and Georgia.
Chapel Creek Storage in Fort Worth, Texas, sold to Montfort Capital Partners, a Dallas-based storage group. The facility at 10113 First Chapel Drive comprises 56,650 square feet. The buyer and the seller, a private partnership, were represented in the transaction by Danny Cunningham and Brandon Karr, investment specialists for M&M.
A three-property portfolio managed by self-storage REIT CubeSmart in the Southeast sold. Opened in 2019 and 2020, the facilities are in Atlanta and Clarkson, Georgia, and Winter Park, Florida. At four stories each, they yield a total of 254,437 net rentable square feet. The Winter Park property also has eight ground-level retail spots. The seller was represented in the transaction by The Hatcher Group.
Freedom Self Storage in Walton Beach, Florida, sold. The 8.23-acre property at 1500 Freedom Self Storage Road has room for facility expansion. It currently comprises 97,250 net rentable square feet in 768 climate-controlled and drive-up units, plus 44 outdoor vehicle-storage spaces and eight retail plots. The seller was represented in the transaction by The Hatcher Group.
Andover Properties LLC, which operates the Storage King USA brand, purchased the two-property Green Light Storage portfolio in Seguin, Texas. Together, the facilities at 430 E. Interstate 10 and 1842 W. Interstate 10 comprise 97,175 rentable square feet in 740 units. One is pre-approved for a 65,000-square-foot expansion. The acquisition was the company’s second and third in the San Antonio, Texas, metropolitan area and 29th and 30th in the state. Established in 2003, New-York based Andover owns and manages 103 storage properties in 16 states, comprising more than 7.8 million square feet.
John Fayard Self Storage in Gulf Shores, Alabama, sold to USA Storage Centers, which operates 24 locations in the South. Opened in 2019, the facility at 21371 Coastal Gateway Blvd. comprises 48,075 net rentable square feet in 418 climate-controlled units. A $9 million renovation was recently completed. The seller was represented in the transaction by The Hatcher Group.
Northway Storage in Merrill, Wisconsin, sold to a first-time self-storage buyer. Built on 24 acres at W4661 County Road C, the facility comprises more than 27,000 rentable square feet, plus room for expansion. The property was operated without management software, a website and other modern features the buyer intends to add. The seller, who is retiring, was represented in the transaction by Bruce Bahrmasel of EquiCap Commercial, an affiliate of the Argus Self Storage Advisors, a Denver-based network of real estate brokers who specialize in storage properties.
A Middle Island, New York, property managed by self-storage REIT Public Storage Inc. sold. The facility at 901 Middle Country Road comprises 74,061 rentable square feet in 726 units. It was 91% occupied at the time of sale. The seller was represented in the transaction by The Hatcher Group of M&M.
SafeKeeping Self Storage in Weatherford, Texas, sold to a local self-storage owner. The facility at 445 Ric Williamson Memorial Highway comprises 68,715 square feet. The buyer and the seller, a private partnership, were represented in the transaction by Cunningham and Karr.
Solana Beach Storage in Solana Beach, California, sold for $48.5 million to a partnership between Baranof Holdings, a Dallas-based self-storage developer, and Invesco Real Estate, a global real estate investment manager. The 3.5-acre property at 545 Stevens Ave. W. comprises 83,000 rentable square feet in 895 units. The buyer was represented in the transaction by Luke Elliott, executive managing director, Mike Mele, vice chairman, and Greg Wells, managing director for Cushman & Wakefield, a provider of real estate services including consulting and appraisal, debt and equity financing, and sales and acquisitions.
SpareBox Storage, which operates 91 self-storage facilities in eight states, has acquired 28 properties in Michigan and Ohio, primarily under the Stop-N-Stor and U-Store Self Storage brand names. The portfolio comprises 1.9 million rentable square feet and adds seven Midwest markets to the growing SpareBox footprint. The seller was represented in the transaction by Kenneth Cox, executive managing director, and Aaron Swerdlin, vice chairman, of the Newmark Self Storage Group, an entity of commercial real estate firm Newmark Group Inc. Launched in 2020, SpareBox is sponsored by Rizk Ventures, which owns and operates commercial and healthcare properties in eight states as well as Colombia, South America.
Storage Lounge in Mankato, Minnesota, sold for $8.1 million. The 2-acre property at 1721 Premier Drive comprises 75,734 rentable square feet in 759 units, spread across two stories. The buyer and the seller were represented in the transaction by Tom Flannigan, Matt Haugen and Alex Ihrke of KW Commercial Minneapolis, an Argus affiliate.
Summit Secure Storage in Insanti, Minnesota, sold for $2.25 million. The facility at 1442 277th Lane N.E. comprises 33,190 rentable square feet in 199 units. The buyer and the seller were represented in the transaction by Flannigan, Haugen and Ihrke.
The three-property Watertown Storage portfolio in Evans Mills and Watertown, New York, sold. Together, the facilities comprise 172,999 rentable square feet in 1,307 units. The sites are within 10 miles of each other, with two less than a mile apart. The seller was represented in the transaction by The Hatcher Group of M&M.
Boardwalk Development Group LLC (BDG), a private-equity investment company focused on self-storage, acquired three facilities in Alabama, Georgia and Tennessee. The purchases include a 31,000-square-foot facility Opelika, Alabama; a 36,000-square-foot property in Dahlonega, Georgia; and a 61,000-square-foot location in Chattanooga, Tennessee. All will be expanded. They were the first acquisitions made through the company’s Boardwalk Storage Fund IV. Founded in 2016 and based in Suwanee, Ga., BDG is a real estate acquisition, development and management firm. It's made 18 self-storage investments.
Global investment firm KKR acquired five self-storage facilities in Atlanta (2), Phoenix (2) and Orlando, Florida, for $92 million. Comprising a total of 3,884 units, they were purchased in separate transactions with two sellers. All were built or renovated between 2017 and 2020. KKR sponsors investment funds that invest in private equity, credit and real assets, and has strategic partners that manage hedge funds.
9/16/21 – Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of additional activity happening in September 2021.
Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust (REIT) Public Storage Inc., acquired the four-property A&A Self Storage portfolio in England. Three facilities are in Central London, with the third northwest of the city in Watford. Shurgard has three more acquisitions in the region under negotiation. The company operates more than 245 facilities comprising 1.2 million net rentable square meters in Belgium, Denmark, France, Germany, The Netherlands, Sweden and the United Kingdom.
Alpine Mini Storage in Huntsville, Alabama, sold. The facility at 1815 Jeff Road N.W. comprises 9,700 rentable square feet in 84 units. The seller was represented in the transaction by Patrick Kidder, president of Meridian Storage Group, a self-storage brokerage and advisory firm. Kidder also secured the buyer, a first-time self-storage investor.
American Storage in Ellijay, Georgia, sold to an out-of-state buyer. Built on 7.6 acres, the facility at 167 Hefner St. comprises 33,434 rentable square feet in 248 units. It also has eight office suites and an onsite apartment. The seller was represented in the transaction by Dale C. Eisenman, president of Midcoast Properties Inc., a commercial real estate brokerage focused on self-storage in Alabama, the Carolinas and Georgia.
Cypress Park Storage in Denham Springs, Louisiana, sold to a national buyer. The facility at 2257 S. Range Ave. comprises 62,880 square feet and is surrounded by retail. The buyer was represented in the transaction by Dave Knobler, senior vice president of investments, and Mixson Staffel, associate, of Marcus & Millichap (M&M), a commercial real estate investment services firm with offices throughout Canada and the United States.
Dardanelle Mini Storage in Dardanelle, Arkansas, and Village Self Storage in Hot Springs, Arkansas, sold in a single transaction. Together, the properties at 1148 State Highway 22 and 101 Terlingua Drive, respectively, comprise 127,185 rentable square feet. The deal was brokered by John Lindsey and Jim Ritchie of Lindsey Self Storage Group, a Durham, North Carolina, brokerage.
Eagles Nest Storage in Flagler Beach, Florida sold to a national buyer. The facility at 2601 Moody Blvd. comprises 98,340 rentable square feet in 651 units. The seller was represented in the transaction by Kidder of Meridian Storage Group, who also secured the buyer.
A Tigard, Oregon, facility managed by REIT Extra Space Storage Inc. sold to Red Hat Enterprises for $20 million. Built in 2002, the five-story property at 7600 S.W. Atlanta St. comprises 86,623 rentable square feet in 950 units. Extra Space manages all 12 of Red Hat’s self-storage assets. The seller, Trailblazer Development, was represented in the transaction by Tom de Jong, senior vice president of the National Self Storage Group for real estate firm Colliers International.
Houston Mini Storage in Houston sold. The facility comprises 34,660 net rentable square feet in 256 units. The buyer, Houston Mini Storage LLC, and the seller, Salt Lake City-based TPH SPE LLC, were represented in the transaction by Bill Bellomy and Michael Johnson of Bellomy & Co., a commercial real estate firm with offices in Austin and Houston, Texas.
Jeff Road Extra Storage in Huntsville, Alabama, sold. Built on 6 acres in 2019, the facility at 290 Jeff Road N.W. comprises 20,200 net rentable square feet with room for expansion. It also contains a 2,704-square-foot home. It’s been rebranded as Life Storage. The seller was represented in the transaction by Gabriel Coe and Brett Hatcher, investment specialists with The Hatcher Group of M&M.
Loma Rica Ranch Self Storage in Grass Valley, California, sold to a first-time investor based in the state. The facility at 12358 Loma Rica Drive comprises 15,000 square feet in 110 units. It also contains three commercial warehouses for rent. The transaction was brokered by Dean Keller, president of Bancap Self Storage Group, a California-based real estate firm that has completed more than $1.4 billion in self-storage sales.
Park 79 Self Storage in Hutto, Texas, sold to Wasatch Storage Partners LLC, a Utah-based real estate investment firm specializing in self-storage acquisitions and development. Built in 2019 on 3.2 acres, the facility at 244 Benelli Drive comprises 780 units in two buildings, one of which has two stories. It’ll be managed by REIT CubeSmart and branded under its name. The seller, Park 79 Storage LLC, was represented in the transaction by Steve Mellon and Brian Somoza, managing directors with JLL Capital Markets, a global provider of capital solutions for real estate investors and occupiers. Wasatch operates seven self-storage facilities in Massachusetts, Minnesota, New York and Utah under various brand names.
Premier Mini Storage in Bryan, Texas, sold. The facility at 1742 Earl Rudder Freeway comprises 12,150 square feet of storage and has 3.5 acres for expansion. The seller, a private investor, was represented in the transaction by Knobler for M&M.
Ring Road Self Storage in Elizabethtown, Kentucky, sold. The facility at 2927 Ring Road comprises 44,100 square feet in 178 units, plus 15 outdoor vehicle-storage spots and two retail spaces. The buyer and the seller were represented in the transaction by Coe and Hatcher. They were assisted by fellow broker Colby Haugness,
Sea Coast Self-Storage in Fort Pierce, Florida, sold for $5.2 million to a limited-liability company that owns self-storage in the state. Situated on 2.23 acres at 2448 North U.S. Highway 1, the facility comprises 35,585 net rentable square feet in 414 units and vehicle-storage spaces. The seller, a private investor, was represented in the transaction by Tim Lamson, Hunter Robey and Chris Travis, investment specialists with M&M. The buyer was represented by the Travis Self-Storage Group.
Self Storage Plus in Middle River, Maryland, sold to StorageMart, which operates more than 225 self-storage properties across Canada, the United Kingdom and the United States. The facility at 3000 Eastern Blvd. comprises 65,825 net rentable square feet. StorageMart was represented in the transaction by Steven Cornblatt and Coleman Tirone of Trout Daniel & Associates, a Maryland-based commercial real estate brokerage. The seller, an affiliate of Blue Ocean Realty, represented itself.
Sentinel Self Storage in Rosharon, Texas, sold to Andover Properties LLC, which operates the Storage King USA brand. The newly constructed facility at 10223 FM 521 offers 146,000 net rentable square feet in 282 climate-controlled and drive-up units, plus outdoor vehicle-storage spaces. Established in 2003, New-York based Andover manages 102 storage properties in 16 states, comprising 7.8 million rentable square feet across 56,000 units.
Andover also purchased Storage 365 Centerville in Garland, Texas. Built in 2019, the facility at 2404 E. Centerville Road comprises 78,720 net rentable square feet in 678 units and vehicle-storage spaces. . This was the company’s 11th acquisition in the Dallas metropolitan area and 30th in the state.
Smallwood Storage in Waldorf, Maryland, sold to a private buyer. The facility at 11615 Rubina Place comprises 33,185 rentable square feet in 266 units. The seller was represented in the transaction by Taylor Dooley, senior associate for Meridian Storage Group. Dooley also secured the buyer.
Sure Safe Self Storage in Englewood, Florida, sold to Ziff Real Estate Partners in an all-cash deal. Built in 1988, the facility at 728 N. Indiana Ave. comprises 24,719 rentable square feet in 138 units and 20 vehicle-storage spaces. Ziff intends to expand and renovate the property. The seller was represented in the transaction by The Hatcher Group of M&M. Founded in 1991 and based in Charleston, South Carolina, Ziff invests in office, retail, self-storage and small-bay warehouse properties.
Terminal Storage in North Myrtle Beach, South Carolina, sold. The facility at 3200 Airport Blvd. comprises 75,000 rentable square feet. The seller was represented in the transaction by Parker Sweet, president, and Cameron Vale, senior vice president, of Berkshire Hathaway Storage Group, an affiliate of investment firm Berkshire Hathaway Inc., led by CEO Warren Buffett. Sweet and Vale also secured the buyer.
Thornton Road Self Storage in Stockton, California, sold. The facility at 8627 Thornton Road comprises 78,743 rentable square feet in 689 units. It was 100% occupied at the time of sale. The seller was represented in the transaction by The Hatcher Group of M&M.
A joint venture between ASB Real Estate and Arcland Property purchased an eight-property portfolio in Maryland and Vermont from Chesapeake Resources. Together, the facilities comprise 595,888 square feet. ASB invested on behalf of its open-ended ASB Allegiance Real Estate Fund, which now owns 10 facilities in eight states and Washington, D.C.
Wentworth Property Co. purchased a newly built Phoenix property at Certificate of Occupancy for $17.5 million. Near the intersection of 7th Street and Maryland Avenue, the facility comprises 87,499 net rentable square feet in 947 units across two stories plus a basement. It was developed by Empire Group and will be managed and branded by Extra Space. The buyer was represented in the transaction by Norman Herd, designated broker for Quantum Property Advisors, a Phoenix-based real estate services firm that specializes self-storage.
A three-property portfolio in Greenville, South Carolina, and Chattanooga, Tennessee, managed by Public Storage, sold. Together, the facilities comprise 154,840 square feet in 1,435 units with room for expansion. The two Chattanooga locations are three miles apart. The seller was represented in the transaction by Coe and Hatcher of The Hatcher Group of M&M.
9/2/21 – Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of activity happening in September 2021.
10 Federal Self Storage in Winston-Salem, North Carolina, sold to Burlingame, California-based RJR Road LLC for $3.7 million. The facility at 4955 Indiana Ave. comprises 50,000 square feet. The seller, 10FSS Indiana Ave LLC, is an affiliate of 10 Federal Storage LLC, which operates about 50 self-storage facilities in eight states.
AA Augusta Storage in Augusta, Georgia, sold. The facility at 2218 A Rosier Road comprises 10,075 rentable square feet. The seller was represented in the transaction by Sauls Storage Group LLC and Commercial Realty Services of West Georgia, affiliates of the Argus Self Storage Advisors, a Denver-based network of real estate brokers who specialize in storage properties.
AAA Storage Depot in South Plainfield, New Jersey, sold to a New York-based investment firm. The 1.3-acre property at 1500 Jersey St. contains four buildings comprising 33,552 square feet in 387 units. The buyer and the seller, who developed the property in 2003, were represented in the transaction by Linda Cinelli and Edan Cohen of LC Realty, an Argus affiliate.
Advance Self Storage Center in Hager City, Wisconsin, sold. The facility at 1563 US Hwy 63 was purchased and has been rebranded by Blue Sky Self Storage, which operates 27 facilities in seven states. It offers 61,560 net rentable square feet in 376 drive-up units and 62 vehicle-parking spaces. The seller was represented in the transaction by The Hatcher Group of Marcus & Millichap (M&M), a commercial real estate investment services firm with offices throughout Canada and the United States.
American Harbor Self Storage in Dallas sold to Simply Self Storage, which operates more than 120 locations nationwide. The facility at 7227 S. R L Thornton Freeway contains 15 single-story buildings comprising 65,950 square feet in 660 units. The seller, a private owner, was represented in the transaction by Dave Knobler, senior vice president of investments, Charles "Chico" LeClaire, executive managing director of investments, and Adam Schlosser, senior vice president of investments for M&M.
A-One Self Storage in Carroll, Ohio, sold to Rhino Storage Group, which operates 12 facilities in Ohio and Pennsylvania. The facility at 3900 Columbus-Lancaster Road N.W. comprises 222,430 net rentable square feet in 1,434 units and 46 vehicle-storage spaces. The seller was represented in the transaction by The Hatcher Group of M&M.
The three-property A-Plus Self Storage portfolio in Pennsylvania, sold. Together, the facilities at 617 Moon Clinton Road in Coraopolis, 4073 Constitution Blvd. in Darlington and 3739 New Castle Road in West Middlesex comprise 71,325 rentable square feet in 672 units. They were built between 2008 and 2010. The seller was represented in the transaction by The Hatcher Group of M&M.
SpareBox Storage, which operates 62 self-storage locations in six states, entered the Arkansas market with the separate acquisition of four facilities worth a combined $17.8 million. The transactions include Bentonville’s Best LLC at 10620 State Highway 72 in Bentonville and 805 & 570 S. Collins St. in Gentry. The other properties are Securecare Self Storage LLC at 13820 State Highway 279 in Hiwasse and Westside Storage Inc. at 1192 N. Rupple Road in Fayetteville. Launched in 2020, SpareBox is sponsored by Rizk Ventures, which owns and operates commercial and healthcare properties in eight states as well as Colombia, South America.
Budget Storage in Hutchinson, Kansas, sold to Laramie, Wyoming-based Storage Space III. The facility at 2511 E. 17th Ave. comprises 53,700 square feet. It’s near retail and the local airport. The seller was represented in the transaction by Larry Goldman of Goldman Investment Advisors, an Argus affiliate.
Colonial Self Storage in Montgomery, Alabama, sold to an out-of-state buyer. The 2.8-acre property at 1118 E. South Blvd. offers 54,620 rentable square feet in 481 units. The seller was represented in the transaction by Dale C. Eisenman, president of Midcoast Properties Inc., a commercial real estate brokerage focused on self-storage in Alabama, the Carolinas and Georgia.
Columbia Self Storage in Columbia, South Carolina, sold. Built on 3 acres, the facility at 3520 Leesburg Road comprises 14,750 rentable square feet in 79 units, seven offices and an apartment. The seller was represented in the transaction by Gabriel Coe and Brett R. Hatcher, investment specialists for The Hatcher Group of M&M.
Cooper Self-Storage at 1326-1327 National Highway in Thomasville, North Carolina, sold to AAA Storage Management 29 LLC for $5 million. The seller was the John L. and Linda M. Cooper Revocable Living Trust of Lexington, North Carolina. The buyer is an affiliate of Greensboro, North Carolina-based AAA Self Storage, which operates 18 facilities across the state.
Strategic Storage Trust VI Inc. (SST VI), a private real estate investment trust (REIT) sponsored by an affiliate of SmartStop Self Storage REIT Inc., acquired Coyote Lakes Cool Storage in Surprise, Arizona. Built in 2017, the two-story facility at 11658 W. Bell Road comprises approximately 72,800 square feet in about 665 units. It’s the fourth acquisition for the newly formed SST VI and the sixth property owned or managed by SmartStop in the Phoenix market. Based in Maryland, SST VI invests in self-storage and related real estate investments in Canada and the United States.
A CubeSmart-managed self-storage facility in Wakefield, Rhode Island, sold. Built in 2020, it comprises 56,130 net rentable square feet in 583 units and has rooftop solar panels. The seller was represented in the transaction by The Hatcher Group of M&M.
Another CubeSmart-managed facility in Grand Prairie, Texas, sold. It offers 93,970 net rentable square feet in 587 units and 35 vehicle-storage spaces. The seller was represented in the transaction by The Hatcher Group of M&M.
The two-property Dixie Storage portfolio in Radcliffe, Kentucky, sold to an out-of-state buyer. Located a half-mile apart, the facilities at 1736 S. Dixie Blvd. and 1295 S. Dixie Road comprise 31,300 net rentable square feet in 220 units. The buyer and the seller were represented in the transaction by Coe and Hatcher of The Hatcher Group of M&M. They were assisted by M&M Broker Colby Haugness.
REIT Extra Space Storage Inc. acquired four New Mexico facilities from Titan Development that were already under its management. Two of the properties are in Santa Fe, with one each in Albuquerque and Rio Rancho. Together, they comprise about 380,000 square feet. The facility at 1911 Ladera Drive N.W. in Albuquerque comprises 103,000 square feet, while the two-building location at Corrales Road and Highway 528 in Rio Rancho encompasses 88,000 square feet. In Santa Fe, the property at 2977 Rodeo Park Drive E. is 101,000 square feet, while the facility at 1410 Vegas Verdes Drive is 88,000 square feet. These self-storage assets were the last four in the Titan Real Estate Development Fund I portfolio, which was established in 2017 by Titan Development, a real estate development and private-equity firm. Headquartered in Salt Lake City, Extra Space owns or operates 1,973 self-storage properties in 40 states and Washington, D.C. The company’s properties comprise approximately 1.4 million units and 152.6 million square feet of rentable space.
Buchanan Street Partners, a real estate investment firm, purchased a newly built Extra Space Storage facility in Chula Vista, California. The asset sold for $26.4 million in an off-market transaction. The seller was HomeFed Corp., the master-plan developer of the neighboring Village of Escaya. The three-story building at 3296 Heritage Road comprises 95,000 square feet. Self-storage owner and management company The William Warren Group will oversee the property, which will be rebranded as StorQuest Self Storage. Based in Newport Beach, California, Buchanan focuses on investing in commercial and multi-family direct ownership and debt investments.
A Spring, Texas, facility managed by Extra Space Storage sold to an institutional partnership. The 4.5-acre property contains nine single-story buildings comprising 74,845 square feet in 529 units and 51 vehicle-storage spaces. The seller, a Texas-based partnership, was represented in the transaction by Knobler and LeClaire.
A Surfside Beach, South Carolina, facility managed by Extra Space Storage sold for $9.7 million to Prime Group Holdings LLC, a New York-based real estate group that owns self-storage and other types of real estate. The 6.39-acre property at 610 US-17 Business contains six single-story buildings comprising 60,295 square feet in 706 units. The seller was represented in the transaction by James Ashley Compton, national director of the Self Storage Group for Colliers International.
EZ Werks Storage in Tomball, Texas, sold. Opened in January 2020, the facility at 23512 Kuykendahl Road comprises 59,975 rentable square feet in 504 units and 10 vehicle-storage spaces. It has room for expansion. The seller was represented in the transaction by The Hatcher Group of M&M.
K2 Storage in Seguin, Texas, sold to New York-based AGAP Seguin Lettau LLC. The facility at 122 Lettau Ave. comprises 53,650 square feet in 321 units. The seller, KTCK2 Management LLC, was represented in the transaction by Bill Bellomy and Michael Johnson of Bellomy & Co., a commercial real estate firm with offices in Austin and Houston, Texas. Bellomy and Johnson also procured the buyer.
Lone Star Boat Storage in Port O’Connor, Texas, sold to a personal trust. The facility at 2417 W. Monroe Ave. comprises 77,358 square feet. The buyer and the seller, a private investor, were represented in the transaction by Knobler of M&M.
North West Hills Self Storage in Temple, Texas, sold. The facility at 515 Cottingham Drive comprises 69,075 square feet in 443 units. The seller, an individual, was represented in the transaction by Jon Danklefs and Arol Horkavy, investment specialists for M&M.
Oracle Mini Storage in Tucson, Arizona, sold in conjunction with another Pinal County property for $3.7 million. Spanning just under half an acre, the storage facility contains 125 units. The seller was represented in the transaction by Jeff Gorden, president of the Gorden Cos., an Argus affiliate.
Phoenix-based U-Haul International Inc. acquired Pinnacle Self Storage in Dayton, Ohio. Constructed on nearly 7 acres, the seven-building facility at 4892 Burkhardt Road comprises 327 units. The property will be managed remotely. Established in 1945, U-Haul owns and manages more than 72 million square feet of storage space nationwide.
United Storage of America in Swansea, Massachusetts, sold to 2121 Burleson Storage LLC for more than $6.3 million. The 468-unit facility at 1614 Grand Army of the Republic Highway was built in 2000. The seller was Angels Meadow LLC.
A three-property self-storage portfolio in Georgia sold to an investor whose interests are primarily in the multi-family sector. The portfolio includes a primary facility in Watkinsville, along with satellite locations in Arnoldsville and Crawford. The seller was represented in the transaction by Sauls Storage Group and Commercial Realty Services.
A newly constructed self-storage facility in Athens, Alabama, sold to an out-of-state buyer. The property, about 25 miles from Huntsville, Alabama, comprises 60,234 square feet in 460 units. The seller was represented in the transaction by Coe and Hatcher of M&M.
New Sources:
IPE Real Assets, Open-Ended ASB Fund Partners Arcland to Buy Self-Storage Portfolio
JLL, New Suburban Self-Storage Facility Near Austin Sells
List Self Storage, Berkshire Hathaway Sells Myrtle Beach, SC Self Storage Facility
List Self Storage, Colliers Consults on $20 Million Self Storage Deal
List Self Storage, Jeff Road Extra Storage
List Self Storage, Public Storage (Managed) Three Property Portfolio
List Self Storage, Recent Closings: 9.7.21 – 9.13.21
List Self Storage, Storage 365 Centerville
Marcus & Millichap, Marcus & Millichap Arranges the Sale of a Self-Storage Facility With Freeway Frontage and Expansion Land in Bryan, Texas
Multi-Housing News, Portland-Area Self Storage Commands $20M
PR Urgent, American Storage in Ellijay, GA, Sold
REBusiness Online, Bellomy Negotiates Sale of 256-Unit Self-Storage Facility in North Houston
REJournals, Marcus & Millichap Sells 44,100-Square-Foot Self-Storage Facility in Kentucky
Business Wire, KKR Grows Self-Storage Portfolio With New Acquisitions in Major Sun Belt Markets
Globe Newswire, InSite Property Group Acquires A Storage Center in Tacoma, WA
Marcus & Millichap, Marcus & Millichap Arranges the Sale of a 56,650-Square Foot Self-Storage Facility
Marcus & Millichap, Marcus & Millichap Arranges the Sale of a 68,715-Square Foot Self-Storage Facility
Multi-Housing News, Self Storage Facility Commands $49M
PR.com, Argus Broker Affiliates Announce Sale of Minnesota Self Storage Facility
RE Journals, Marcus & Millichap Sells 61,560-Square-Foot Self-Storage Center in Wisconsin
Valdosta Daily Times, SpareBox Storage Acquires 28 Stabilized Self Storage Properties in Michigan and Ohio
Previous Sources:
Market Screener, Self Storage: Jeff Gorden of The Gorden Group Arranges the Sale of Oracle Mini Storage in Tucson, Arizona
PR.com, Argus Broker Affiliates Announce Sale of Georgia Self Storage Facility
REBusiness Online, Buchanan Street Partners Buys Self-Storage Facility in Chula Vista, California for $26.4M
Business Wire, Strategic Storage Trust VI, Inc. Acquires Self Storage Facility in the Phoenix Metropolitan Area
Multi-Housing News, Investment Trust Buys Phoenix-Area Self Storage
PR.com, Argus Broker Affiliates Announce Sale of Georgia Self Storage Portfolio
PR Newswire, U-Haul Now Operating at Former Pinnacle Self Storage in Dayton
The Herald News, Greater Fall River Real Estate: Swansea Storage Complex Sells for $6 Million
TB&P, Real Deals: Self-Storage Startup Locks Up 4 Properties for $17.8M
Winston-Salem Journal, Thomasville Self-Storage Property Sold for $5 million
Winston-Salem Journal, Winston-Salem Self-Storage Facility Sells for $3.7 Million
