Delta Citation
Delta Citation recently announced the acquisition of a self-storage facility at 115 Bogart Street in Franklin, Va. Under Delta Citation’s ownership, the facility has been rebranded as Blackwater Self-Storage. With a commitment to enhancing the customer experience, Delta Citation is planning a series of key improvements to modernize the facility. These upgrades, currently in the planning phase, are set to begin within the next 30 days and include enhanced security measures, upgraded lighting, new signage, fresh exterior paint, and climate-controlled options.
Argus Self Storage Advisors
Jones Investment Real Estate, LLC, an Argus Self Storage Advisors affiliate for Oklahoma, brokered the sale of a 66,495-rentable-square-foot portfolio within the Tulsa, Okla., MSA. The transaction involved the sale of the portfolio by its original developer to a regional private buyer, marking the launch of their inaugural fund. The properties, which are in Bixby and Catoosa, present significant value-add opportunities through revenue management optimization and the expansion of remote operational efficiencies.
Omega Properties, Inc.
Omega Properties, Inc.’s Bill Barnhill, CCIM; Stuart P. LaGroue, Sr.; and Sharon Wright, CCIM, broker affiliates for Argus Self Storage Advisors, recently announced the sale of the vacant self-storage facility at 192 Wren Lane South in Robertsdale, Ala., to an out-of-town buyer. Totaling 50 units and approximately 4,262 rentable square feet, the facility sits on 0.55 acres and fronts U.S. Highway 90. The buyer purchased the property with the objective of making improvements that will enable the facility to be operational again.
SecureSpace Self Storage
Continuing its expansion in the Washington, D.C., market, SecureSpace Self Storage has acquired a 49,409-square-foot facility at 2710 South Nelson Street in Arlington, Va. Now rebranded as SecureSpace Arlington, the four-story property offers 880 units. The company plans to complete a comprehensive cosmetic and capex overhaul to enhance the property’s curb appeal and customer experience. The leasing office will be upgraded to SecureSpace’s signature contemporary style and high-security platform with AI-enabled cameras and sensors.
BGL Properties
BGL Properties LLC, the owner and operator of Ranch House Storage in Pine Grove, Calif., has expanded its portfolio with the acquisition of Big Box Storage in Kingman, Ariz. Located at 4415 N. Bank Street, it offers 20 storage units and sits on over an acre of land. With room to expand, additional units will be added based on market demand. Big Box Storage provides its customers with fully automated rentals and advanced technology, including smart locks, security cameras, and automated gate systems.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Chad Snyder and Tyler Trahant recently assisted with the sale of a two-property self-storage portfolio in Athens, Texas. They were instrumental in forging a connection between the buyer and the seller. Athens Central Self Storage and Athens Personal Self Storage were the facilities sold through this off-market transaction.
Newmark Self Storage Group
The Newmark Self Storage Group recently announced the sale of a newly built self-storage facility in Orlando, Fla. The Class-A facility offers 82,750 net rentable square feet and 815 units. It opened in July 2024.
AVAD Capital
AVAD Capital, a Dallas-based investment firm, recently purchased a nine-property portfolio of Extra Space Storage sites. The facilities, located in Midland and Odessa, Texas, have a combined total of 5,180 units and 782,998 net rentable square feet. Senior Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler of JLL’s Capital Markets Investment Sales and Advisory team represented Extra Space Storage in the transaction. The sales price was not disclosed. Avid Storage, the buyer’s wholly owned subsidiary and operating brand, will operate the portfolio.
Westport Properties
Westport Properties has acquired a two-property portfolio in Southern California. The Class-A facilities total 2,284 units and 270,841 rentable square feet. At the time of the sale, they were approximately 90 percent occupied being managed under the StorQuest Self Storage brand. Situated on approximately 4.5 acres at 17106 Avalon Boulevard, the Carson property was built in 2006. The Carlsbad asset, which is on about 3.4 acres at 2500 Campbell Place, was built in 2008. Executive Director Greg Wells, Kevin Cuff, Luke Elliott, and Mile Mele of Cushman & Wakefield’s Self Storage Advisory Group represented the seller.
Storm Properties Inc.
Storm Properties Inc. has acquired a self-storage facility and retail establishment at 510 and 520 W. Valley Parkway in Escondido, Calif., for $10.5 million. It features 37,125 square feet of storage buildings, a 7,000-square-foot retail strip building, and a 5,900-square-foot pad for future retail. The self-storage facility includes 262 storage units. One of the retail suites serves as the on-site management for the self-storage facility.
Talonvest Capital
On behalf of its client, Volta Global, Talonvest Capital, Inc., negotiated the refinance of a six-property portfolio. The state-of-the-art facilities, which comprise 467,468 net rentable square feet, are in Texas, North Carolina, and Alabama. They offer a total of 4,434 units and include 103,000 rentable square feet of industrial space in two locations. The non-recourse bridge loan, provided by a debt fund, features interest-only payments, substantial cash-out proceeds, an earnout provision, and a competitive interest rate. The lender also funded the remaining construction draws on several properties, offering significant benefits to the borrower.
The Talonvest team responsible for this transaction included David DiRienzo, Britt Taylor, Mason Brusseau, and Lauren Maehler.
Hwy 5 Self Storage
After acquiring Hwy 5 Self Storage, the property’s new owners, Highway 5 Self Storage, INC, have hired Absolute Storage Management to manage the 432-unit facility. The 60,125-rentable-square-foot facility offers safe and secure non-climate-controlled and parking units to the local communities of Sandy Plains, Swanson Heights and Marietta-Canton Highway Area.
Spartan Investment Group
Spartan Investment Group, a Colorado-based privately held real estate investment firm, has closed on a duo of existing facilities in Salem, Ore. Totaling 164,752 net rentable square feet and 1,150 units, these acquisitions mark the eighth and ninth Pacific Northwest properties in their portfolio. The Glen Creek property is a 633-unit facility with 93,252 net rentable square feet; the Blossom Drive property is a 615-unit facility with 71,500 net rentable square feet. Both facilities are managed by Public Storage.
SkyView Advisors
SkyView Advisors has brokered the sale of Mr. Store It, a 141,947-net-rentable-square-foot facility on 8 acres in Myrtle Beach, S.C. It has 1,273 units. In an unrelated transaction, SkyView Advisors also arranged the sale of a 150,600-net-rentable-square-foot property in the metro area of Harrisonburg-Winchester, Va. Situated on more than 14.5 acres, it offers over 1,100 units.
JLL Capital Markets
JLL Capital Markets completed the sale of Yellow Door Storage – Northgate, a 65,600-square-foot facility in Denton, Texas. JLL marketed the property on behalf of the seller, NorthBridge Realty Holdings, and procured the buyer, Extra Space Storage. The 520-unit facility features climate-controlled units, drive-up units, 24-hour video surveillance, and an on-site office. The JLL Capital Markets team representing the seller was led by Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.
Franklin Street
Franklin Street’s self-storage team secured a buyer for a 3.79-acre storage development site at 13435 North Main Street in Jacksonville, Fla., on behalf of Kaufman Lynn Construction. The property was sold to Miller Valentine Investments. The site has entitlements in place and is ready for the construction of a Class-A, two-story facility. Plans call for 779 climate-control units totaling 76,000 net rentable square feet (NRSF), 109 non-climate-controlled units totaling 23,300 NRSF, and 11 enclosed parking units totaling 6,160 NRSF. In addition to David Perlleshi, Frank DeSalvo and Shaun Mayberry, worked on the deal for Franklin Street.
Marcus & Millichap
In an off-market deal, Marcus & Millichap completed the sale and financing of Baumgartner Road Storage, a 287-unit property on 6.6 acres in St. Louis, Mo. It has a mix of offerings, including RV parking and climate-controlled, non-climate-controlled, and commercial units across 21,275 rentable square feet. Marla Čolić, first vice president investments in Marcus & Millichap’s St. Louis office, procured the buyer, an out-of-state storage investor. Doug Brooks, managing director in MMCC’s Columbus office secured a 5-year non-recourse loan with full-term interest only.
TCJ Storage Solutions & Commercial Suites
Argus Self Storage Advisors’ broker affiliates Tom Flannigan, Alex Ihrke, Matt Haugen, and Nathan Gottlieb have announced the successful sale of TCJ Storage Solutions & Commercial Suites, a mixed-use site on 10 acres in St. Cloud, Minn. This versatile facility offers a mix of self-storage units, business suites, and outdoor storage options. The novice buyers aim to enhance the property’s value through improved operations and strategic revenue management.
Newmark Self Storage Group
Newmark Self Storage Group has closed on the sale of a 98,000-square-foot, Class-A facility in Miami, Fla. The CubeSmart-branded property has space for a 50,000-square-foot expansion. Additional details about the sale were not disclosed.
CBRE
CBRE arranged the sale of a three-property Catalyst Storage portfolio. Located in California and Washington, the properties were purchased by Westport Properties. The portfolio totals 141,165 square-feet and is comprised of 1,484 total units. Nick Walker and Trevor Roberts of CBRE arranged the sale.
Moove In Self Storage
Moove In Self Storage recently purchased a three-property portfolio in Rome, N.Y. The locations at 101 Park Avenue, 1224 Floyd Avenue, and at 2016 Bateaux Lane offer a combined total of 659 drive-up storage units to meet future demand that will be generated by the more than 400 multifamily residences currently under construction.
SkyView Advisors
SkyView Advisors announced the sale of the three-property Bandon Mini Storage portfolio in Oregon. Covering a total of 10.54 acres, two of the facilities are in Bandon and one is in Coos Bay. The entire portfolio has 58,712 net rentable square feet and 600 units.
Heidner Family, LLC
Heidner Family, LLC recently acquired an Absolute Storage facility at 9501 W. Grand Avenue in Franklin Park, Ill. 60131. Comprised of 397 units totaling 32,776 rentable square feet, the facility provides safe and secure climate-controlled unit options to the local communities of Franklin Park, Northlake, River Grove, and Broadview. It is professionally managed by Absolute Storage Management (Absolute).
Terrace Limited Partnership
Terrace Limited Partnership has acquired Oakbrook Storage, a 33,060-rentable-square-foot facility in Oakbrook Terrace, Ill., with 237 units. Located at OS680 IL Hwy 83, it provides non-climate-controlled and parking unit options to the local communities of Oakbrook, Salt Creek, and Butterfield Road. The property is now professionally managed by Absolute Storage Management.
SmartStop Self Storage REIT
SmartStop Self Storage REIT, Inc. has acquired two premier Class-A storage facilities within the New York metro region. The first facility, located at 1204 Broad Street in Clifton, N.J., features a three-story building with a basement and encompasses approximately 116,100 net rentable square feet of climate-controlled space. The second facility, situated at 591 N. Union Avenue in Hillside, N.J., spans approximately 111,600 net rentable square feet. The six-story building offers both drive-up and climate-controlled units, two elevators, and a covered loading bay.
Goldman Investment Advisors
Goldman Investment Advisors recently announced the sale of a three-property portfolio in the St. Louis, Mo., metro area. The portfolio includes Fenton Self Storage, Fenton Self Storage West, and Hillsboro All Purpose Storage. They encompass a total of 223,770 rentable square feet across 1,108 units. Argus Self Storage Advisors’ broker affiliate Larry Goldman, CCIM, represented the seller in the transaction.
NAI Pfefferle
NAI Pfefferle has brokered the sale of two facilities totaling 441 units in Pulaski, Wis., which is about 20 miles northwest of Green Bay. The sales price was not disclosed, but the asking price was $4.3 million. The properties total 98,740 square feet. Jonathan Glassco and Nick Schmidt of NAI Pfefferle arranged the sale.
Mini Mall Storage Properties Trust
Canadian real estate firm Mini Mall Storage Properties Trust, a subsidiary of Alberta-based Avenue Living, has acquired six properties in New Orleans, La., from Safeguard Self Storage for $95 million. Totaling 470,000 square feet of rentable space, the portfolio was an investment aimed at expanding Mini Mall’s footprint in what it views as a “high growth” market.
The company also purchased eight self-storage facilities in Memphis in December.
Records show the subsidiary that purchased the properties, LAU4208ME GP LLC, received a $240 million loan from the Bank of Montreal.
Marcus & Millichap
Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s Fort Worth office and co-leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, the original developer, and procured the buyer, Cedar Creek Capital, in the sale of Elite Self Storage, a 184-unit facility in Waxahachie, Texas.
NSA Property Holdings LLC
NSA Property Holdings LLC, based in Greenwood Village, Colorado, purchased multi-acre property StoreRight Ocala in Ocala, Florida, located at 2401 SW 17th Road, for $8.4 million.
SmartStop Storage REIT
SmartStop Storage REIT Inc. purchased a self-storage facility at 3633 N. Walden Circle in Aurora, CO. It has 87,450 NRSF and approximately 740 units in three buildings. It is located 12 miles east of downtown Denver and predicts an 11 percent population growth within three miles.
CBRE
CBRE recently announced the sale of Village Storage, a 66,755-square-foot on 4.9 acres in Fruitland Park in Central Florida, to Public Storage for $13 million. It has 602 units and was more than 95 percent occupied at the time of the sale. Nick Walker and Morgan Windbiel of CBRE’s Self Storage Advisory Group represented the seller, B&D Self Storage, in the transaction.
U-Haul
U-Haul Holding Company recently acquired A+ Storage in Panama City Beach, Fla. Located at 11222 Hutchison Boulevard, the facility is now called U-Haul Moving & Storage of Panama City Beach. Situated on 2.18 acres, the three-story facility offers more than 500 climate-controlled units.
SkyView Advisors
SkyView Advisors announced the sale of Alum Rock Self Storage, a 59,810-net-rentable-square-foot facility on 1.37 acres in San Jose, Calif. The Class-A property holds 797 units; it was 99 percent occupied at the time of the sale.
SkyView Advisors
SkyView Advisors announced the sale of Storelocal Grain Valley, a 93,600-net-rentable-square-foot facility on 7.61 acres within the MSA of Kansas City, Mo. Located at 1600 SW Eagles Parkway in Grain Valley, the property offers 593 units.
SmartStop Self Storage REIT
SmartStop Self Storage REIT, Inc. has acquired a Class-A facility in Ladera Ranch, Calif., where the REIT is headquartered. The property consists of two two-story buildings, three one-story buildings, and three floors within an adjacent four-story building that houses SmartStop’s corporate headquarters and the Ladera Sports Center. Covering around 136,300 net rentable square feet, the facility offers approximately 1,300 storage units and 18 RV storage spaces. The facility also features solar energy capabilities and motion-sensing lighting.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan have announced the sale of Self Storage MN in Elk River, Minn. Situated on more than 8 acres, this high-quality, 41,650-rentable-square-foot facility offers 190 drive-up units. Throughout the transaction, Haugen and his team represented the seller and worked closely with the buyer, Acorn Mini Storage, which is of Minnesota’s largest privately owned self-storage operators.
Storage Post Self Storage
Working through local broker MJ Partners Real Estate Services, Storage Post Self Storage has added three more self-storage locations to its Chicago portfolio. The company recently acquired two Chicago stores. Former Extra Space Storage/Life Storage properties, all three facilities are located within the Metro Chicago area: 2051 North Austin Avenue in the Belmont Cragin neighborhood; 6331 North Broadway in the Edgewater community, and 3245 West 30th Street in Little Village. Principals Marc Boorstein and Jeffrey Jacobson, along with Vice President David Kohn, brokered the deal.
Mitra Investment Partners
Mitra Investment Partners, an emerging private real estate investment firm, has acquired Thornapple Self Storage at 3451 North M-37 Highway in Middleville, Mich. A Class-A facility with high-quality features, the site is operated by Mitra’s operating company, Forward Storage. The acquisition was completed through a master lease agreement with the option to purchase, where Mitra leased the property for one year before successfully closing the transaction.
Batson-Cook Development Co. & Bakke Development
Batson-Cook Development Co., along with Bakke Development, recently sold an 85,755-square-foot facility on 2.82 acres in McAllen, Texas, to Reframe Holdings, which used Extra Space Storage’s bridge loan program to finance the acquisition. The three-story, gated property offers 771 climate-controlled units. Extra Storage has been retained as the property manager.
Directors Matthew Wheeler and Adam Roossien, together with Senior Managing Director Steve Mellon and Analyst Ben Pollack led the JLL Self Storage Capital Markets team representing BCDC and Bakke Development. JLL Director John Bauman procured financing on behalf of the buyer.SmartStop Self Storage
SmartStop Self Storage REIT, Inc. has acquired two self-storage facilities, one in Washington, D.C., and one in San Jose, Calif. Located at 1401 22nd Street SE, just four miles from downtown, the D.C. facility is a Class-A, five-story building with approximately 74,300 net rentable square feet and approximately 830 climate-controlled units. The San Jose facility, located at 2487 Alum Rock Avenue, offers approximately 59,650 net rentable square feet spread across three buildings, comprising approximately 650 storage units.
Storage Post Self Storage
Storage Post Self Storage has acquired two facilities in Chicago as part of its entry into the Midwest market. The former Honore Storage properties are located at 3215 W. Lawrence Avenue and 5145 N. Clark Street. The deal was brokered by Jeffrey Herrmann and Sean Delaney, investment specialists from Marcus & Millichap’s Chicago Oak Brook office. Storage Post currently operates 33 other locations in New York, New Jersey, and Louisiana.
SkyView Advisors
SkyView Advisors has announced the sale of Brock Self Storage, a 47,260-net-rentable-square-foot, Class-A facility on 2.64 acres in Myrtle Beach, S.C. It offers 265 units.
Strategic Storage Growth Trust III, Inc.
Strategic Storage Growth Trust III, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has acquired a facility in Edmonton, Alta., Canada. Located at 14135 128 Avenue NW, the Class-A property spans approximately 65,200 net rentable square feet. It features a single-story building with approximately 480 climate-controlled units and two additional buildings offering approximately 80 drive-up units, and it’s prime location enables it to serve the neighborhoods of Hudson, Wellington, Athlone, Kensington, Calder, Rosslyn, Prince Charles, Sherbrooke, Woodcroft, Dovercourt, North Glenora, Glenora, Westmount, Grovenor, and Northwest Edmonton.
Franklin Street
Franklin Street brokered the sale of Lake Wales CO Self-Storage, a Class-A, institutional-size facility in Lake Wales, Fla., on behalf of Coastal ICF Construction Services INC. The newly built 61,000-square-foot facility was purchased by Platinum Storage Group. Frank DeSalvo, senior director, self-storage investment sales for Franklin Street, also represented the seller.
Marcus & Millichap
Marcus & Millichap brokered the sale of Route 59 Self Storage, a 46,950-rentable-square-foot facility at 24111 Theodore Street in Plainfield, Ill., with 317 units and 150 parking spaces. Sean Delaney, investment specialist in the firm’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, Route 59 Self Storage, Inc, and procured the buyer.
Situated on 7.15 acres, the site has expansion potential for two additional buildings.
SmartStop Self Storage
SmartStop Self Storage REIT, Inc., has acquired Guardian Storage Aurora, a Class-A facility in Aurora, Colo. It spans approximately 87,450 net rentable square feet and features approximately 740 units among three buildings. Designed to meet diverse storage needs, the facility offers a mix of climate-controlled and non-climate drive-up units, multifloor interior climate-controlled units, and first-floor non-climate interior units, complemented by two elevator access points for added convenience. The transaction was facilitated by Argus Self Storage Advisors; Ben Vestal, Cole Carosella, and Matthew Cox are the Colorado broker affiliates for Argus Self Storage Advisors.
SkyView Advisors
SkyView Advisors has closed on the sale of a 50,746-net-rentable-square-foot facility on 4.13 acres within the metro area of Oxnard-Thousand Oaks-Ventura, Calif. It offers 396 units. The listing broker was Jennifer Stein.
Marcus & Millichap
Marcus & Millichap has secured $19.4 million in financing for the acquisition of a facility in Truckee, Calif. Joel Westle of Marcus & Millichap Capital Corp.’s San Francisco office arranged the 10-year loan on behalf of Airport Self Storage. The 54,000-square-foot property is at 11999 Highway 267 near the Truckee Tahoe Airport.
Marcus & Millichap
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Marcus & Millichap has completed the sale of Old South Self Storage, a 17,344-square-foot facility in Nantucket, Mass., with 198 climate-controlled units. Michael Palladino, Kevin Bledsoe, and Matthew Junkin, investment specialists in Marcus & Millichap’s King of Prussia office, had the exclusive listing to market the property. Thomas Shihadeh, broker of record in Massachusetts, assisted in closing the transaction.
StorageMart
StorageMart has acquired Target Masters Storage at 4101 Rangeline Street in Columbia, Mo., the same city where the company’s headquarters has been located since its founding in 1999. The facility offers 146 units and 19,850 of net rentable square feet, and there are plans to expand its offerings with climate-controlled storage after initial renovations have been completed. Enhancements will include improved security measures, upgraded lighting, and additional gated access.
Marcus & Millichap
Marcus & Millichap negotiated the $2.3 million sale of Interstate Secure Storage, a 233-unit facility in Janesville, Wis. Built in 2015, the property totals 44,250 rentable square feet. There are expansion plans for two additional buildings totaling 25,950 square feet. Dan Bowar of Marcus & Millichap represented the buyer, Hastings Property Group LLC. The seller was undisclosed.
SkyView Advisors
SkyView Advisors has closed on the sale of 1387 Storage, a 120,746-net-rentable-square-foot facility in Waxahachie, Texas. The 809-unit asset is on a 10-acre lot at 141 Black Champ Road within the Dallas-Fort Worth-Arlington MSA. The listing broker for the transaction was David Montalvo.
JLL Capital Markets
JLL Capital Markets closed on a $115 million refinancing package for a nine-property portfolio owned and operated by Storage Post. Nuveen Real Estate provided the first mortgage financing for the institutional-quality, Class-A assets, which were acquired in 2022 by Storage Post. Ownership has grown the original 633,364-square-foot portfolio to 723,664 rentable square feet across 9,578 units. The New York assets are in the Bronx, Floral Park, Garden City, Huntington Station, and Yorktown Heights. The New Jersey assets are in Haledon, Elizabeth, Linden, and Perth Amboy. The JLL Capital Markets team that arranged the transaction was led by Senior Managing Director Steven Klein and Director Robert Tonnessen. JLL’s Self Storage Capital Markets team represented the seller in the transaction.
Gelt Ventures LLC
Gelt Ventures LLC has sold an eight-property portfolio totaling 3,999 units. Five facilities are in Memphis, Tenn.; two are in Olive Branch, Miss.; and one is in Nesbit, Miss. Canadian-based investor Mini Mall Storage Properties purchased the 487,000-square-foot portfolio for an undisclosed price. Gelt Ventures originally acquired the portfolio in June 2020 for $41 million.
Marcus & Millichap
The Bledsoe Self Storage Group of Marcus & Millichap has closed on the sale of a two-property AA Self Storage portfolio. Totaling 45,300 net rentable square feet of drive-up storage, the facilities are located in Federalsburg and Hurlock, Md. There’s an on-site office at each location and room for expansion at the Federalsburg site. Terms of the sale were not disclosed.
Storage Post Self Storage
Storage Post Self Storage has entered the Midwest market with the acquisition of five facilities. These existing properties are strategically located in high-traffic, densely populated neighborhoods throughout Chicago: Albany Park (3215 W. Lawrence Ave.), Belmont (2051 N. Austin Ave.), Edgewater (6331 N. Broadway), Little Village (3245 W. 30th St.), and Uptown (5145 N. Clark St.). Each facility is outfitted with Storage Post’s list of premium amenities, including climate-controlled units, covered indoor loading, 24/7 video surveillance, and digital security systems.
Mitra Investment Partners
Mitra Investment Partners, an emerging private real estate investment manager, has acquired Boon Self Storage in North Chili, N.Y., for its Mitra Diversified Fund I portfolio. This acquisition marks Mitra’s entry into Northern markets. Boon Self Storage, which was built in 2021, is a high-quality facility that is nearly fully occupied. Mitra plans to create and lease on-site industrial-flex space to unlock additional value and diversify its revenue streams. It will be managed by Forward Storage, which manages 26 self-storage facilities and 6 industrial-flex locations.
Marcus & Millichap
Marcus & Millichap closed the sale of Old South Self Storage, a 17,344-square-foot facility in Nantucket, Mass., with 198 climate-controlled units. The facility, which was built in 2018, is one of only four storage properties operating on Nantucket Island. Michael Palladino, Kevin Bledsoe, and Matthew Junkin, investment specialists in the firm’s King of Prussia office, arranged the sale. Terms of the sale were not disclosed.
U-Haul
U-Haul has opened a second self-storage facility in Kingsport, Tenn., after acquiring the former All Season Storage location at 4303 Fort Henry Drive. Now U-Haul Storage of Fort Henry Drive, the 0.75-acre property features a pair of one-story buildings with more than 300 climate-controlled unit and a covered loading bay. It is the 49th U-Haul-owned store in Tennessee and provides great accessibility being directly off Interstate 81 (exit 59) and close to Interstate 26.
Marcus & Millichap
Marcus & Millichap brokered the sale of Gateway Storage of Rolla, a three-acre property at 11295 Old Highway 66 in Rolla, Mo. The sales price was undisclosed. The facility offers 132 non-climate-controlled units and 110 climate-controlled units totaling 33,978 square feet. Built in 2015, the property is situated off I-44. Marla Colic of Marcus & Millichap represented the seller, Gateway Storage Mall, and procured the buyer, an out-of-state investment group.
VanWest Partners
VanWest Partners has expanded its self-storage portfolio with the acquisition of three facilities. Operated by ClearHome Self Storage, VanWest's vertically integrated management platform, the properties include: ClearHome Self Storage – Springdale, a 72,645-net-rentable-square-foot facility in Springdale, Ark., with 539 units; ClearHome Self Storage – Arville, a three-story, 36,400-net-rentable-square-foot facility in Las Vegas, Nev., with 314 units; and ClearHome Self Storage – Dacula, a 58,750-net-rentable-square-foot facility in Dacula, Ga., with 425 units and an additional 27,720 net rentable square feet of parking spaces. The real estate investment firm now has a total of 40 self-storage properties encompassing more than 3.2 million net rentable square feet.
U-Haul
After acquiring a former Extra Space Storage facility from Buhl Investors for $9.5 million, U-Haul has opened its fourth retail, moving, and storage center in Minneapolis. U-Haul Moving & Storage at West River Road at 1717 W. River Road North is a two-story building on 2.63 acres. It offers 975 climate-controlled and heated units and covered drive-in loading bays. In the near future it will also offer U-Haul moving trucks and trailers, boxes and moving supplies, and the Take A Box, Leave A Box program.
Marcus & Millichap
Marcus & Millichap announced the sale of a single-story, 396-unit property on 2.5 acres in San Antonio, Texas. It features a state-of-the-art surveillance system, gated entry, and personalized keypad access. Jon Danklefs, first vice president of investments, exclusively marketed the property on behalf of the seller and procured the buyer. Extra Space Storage will manage the 48,050-square-foot facility.
Franklin Street
David Perlleshi and Frank DeSalvo led the Franklin Street team in the sale of Liberty Self Storage, a 21,000-net-rentable-square-foot facility on 4.87 acres in Peru, Ind. The property is equipped with solar-powered lighting and a state-of-the-art camera system. Franklin Street represented the seller, DDM Investments LLC. It was purchased by Peru IN Ozark LLC.
JLL
JLL has brokered the sale of three facilities in the Philadelphia area that traded as part of a 468,266-square-foot portfolio with three additional facilities in South Florida. A partnership between Metro Self Storage and Heitman sold the portfolio to Andover Properties, which will rebrand the facilities under its Storage King USA flag. Brian Somoza led the JLL team that brokered the deal.
SkyView Advisors
SkyView Advisors has closed on the sale of an 86,742-net-rentable-square-foot facility on 2.63 acres in Minneapolis, Minn., managed by Extra Space Storage. The property, which offers 964 units, has an occupancy rate of 95 percent.
Marcus & Millichap
Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s Fort Worth office and co-leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, a local developer, and procured the buyer, a Dallas-based real estate investment company, in the sale of Hughes Springs Storage Units, a 54,100-square-foot facility in Hughes Springs, Texas. The property, which was built in 2019, offers 240 drive-up units and 20 fully enclosed boat/RV spaces; it is secured with perimeter fencing and a gated entrance with key-pad access.
Marcus & Millichap
Marcus & Millichap brokered the sale of North Texas Star Storage in Azle, Texas. Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s Fort Worth office and co-leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, a southern California-based investor, and procured the buyer, KO Storage. Built in 2024, North Star Texas Storage is located at 7604 Veal Station Road, spanning 49,950 square feet across 4.27 acres and including 191 units.
SkyView Advisors
SkyView Advisors recently brokered the sale of Milwaukie Self Storage, a 60,063-net-rentable-square-foot facility on 1.63 acres in Milwaukie, Ore. It offers 566 units.
Franklin Street
Franklin Street has announced the successful sale of the two-property NextStor Storage portfolio in Candler, N.C. This transaction marks the second sale facilitated by the Franklin Street Self Storage Investment Sales Team for Belrose Storage Group, a Philadelphia-based private investment firm. The portfolio has a total of 33,055 net rentable square feet, 236 units, and seven outdoor parking spaces. Franklin Street’s team was led by Frank DeSalvo, David Perlleshi, and Joe Lombardo. The new owners are poised to benefit from BETCO’s plans to construct an additional 13,000 net rentable square feet.
U-Haul
U-Haul has acquired five former KO Storage facilities throughout Minnesota. The properties, which were acquired as a portfolio, are all located within the Brainerd micropolitan area of Cass and Crow Wing Counties. In total, they offer 790 drive-up units. They have been rebranded and include U-Haul Storage North Baxter, U-Haul Storage Baxter South, U-Haul Storage of Nisswa, U-Haul Storage of MN-210, and U-Haul Storage of Pillager.
SkyView Advisors
SkyView Advisors has closed on the sale of Prairie View Self Storage, a 19,200-net-rentable-square-foot facility on 2.01 acres in Pea Ridge, Ark. Built in 2020, the property offers 96 units.
Versal
Versal negotiated the sale of Lucas Storage in Lucas, Texas. Twenty-eight miles northeast of downtown Dallas, Lucas Storage is a Class-A property with 719 units totaling 69,520 square feet. Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented Dahlia ARR LLC, the Dallas-based seller. The team also secured the Dallas-based buyer, Baranof Holdings, LLC.
Marcus & Millichap
Marcus & Millichap brokered the sale of a 58,225-net-rentable-square-foot facility in Denton, Texas. Operated by Extra Space Storage, the property was built in the early 1980s. The property’s 493 units include 84 interior non-climate-controlled units, 294 drive-up non-climate-controlled units, 13 multidoor interior units, and two multidoor drive-up units. Brandon Karr of Marcus & Millichap represented the seller, a locally based investor, in the transaction and procured the buyer, a publicly traded self-storage REIT. Both parties requested anonymity.
Marcus & Millichap
Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s Fort Worth office and co-leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, a Dallas-Ft. Worth-based private investor, in the sale of Sentry Storage, a 47,356-rentable-square-foot facility on 9.17 acres in Athens, Texas. The duo also procured the buyer, a local investor with an existing Texas self-storage footprint. The 316-unit property was recently expanded by 64 units. It offers drive-up access, 24-hour video surveillance, key-pad gated entry, and three acres of additional land for future expansion.
Newmark
Newmark arranged a $315 million loan on behalf of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and Andover Properties for the refinancing of a national 43-asset self-storage portfolio. The financing, which was provided by Wells Fargo, Goldman Sachs, and 3650 REIT, was arranged by Newmark’s Jordan Roeschlaub and Jonathan Firestone, co-presidents of global debt and structured finance; Nick Scribani, vice chairman; and John Caraviello, director.
BlueGate Boat & RV Storage
BlueGate Boat & RV Storage has acquired Watson Landings Marina, a premier Class-A marina in Panama City, Fla., with prime access to St. Andrews Bay and the Gulf of Mexico. The upscale facility offers top-tier amenities, including 240 dry stack storage units, 13 wet slip spaces, a tiki bar, and a club pool. Additional amenities include fuel, fish cleaning stations, restrooms, storage lockers, and a fully stocked ship store.
Marcus & Millichap
Marcus & Millichap brokered the sale of Georgetown Mini Storage, a 144-unit facility in Georgetown, Texas. Built in 1983, it offers 26,400 net rentable square feet of non-climate-controlled storage space. Jon Danklefs and Douglas Diffie of Marcus & Millichap represented the undisclosed seller in the transaction. Danklefs also procured the buyer, Merit Hill Capital.
Marcus & Millichap
Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s Fort Worth office and co-leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, a Dallas-Ft. Worth-based private investor, in the sale of Sentry Storage, a 47,356-rentable-square-foot facility on 9.17 acres in Athens, Texas. The duo also procured the buyer, a local investor with an existing Texas self-storage footprint. The 316-unit property was recently expanded by 64 units. It offers drive-up access, 24-hour video surveillance, key-pad gated entry, and three acres of additional land for future expansion.
Marcus & Millichap
Marcus & Millichap recently arranged the sale of Extra Space Storage, an 80,421-square-foot facility in Allen, Texas. The three-story facility offers 769 climate-controlled units. Jon Danklefs, first vice president investments in the firm’s San Antonio office, represented the private buyer in the transaction. Extra Space Storage will remain as third-party manager for the new owner.
SkyView Advisors
SkyView Advisors closed on the sale of Pea Ridge Self Storage, a 65,030-net-rentable-square-foot facility on 5.6 acres in Pea Ridge, Ark. Its single-story buildings offer a total of 418 units; it also has a rental office with a second-story apartment.
Marcus & Millichap
Marcus & Millichap brokered the sale of Guard Drive Self Storage, a 38,295-square-foot facility in Dallas, Texas, with 250 climate-controlled units and 82 drive-up units. Danny Cunningham and Brandon Karr, investment specialist in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham storage team, exclusively represented the sellers, a local development group, and procured the buyer, Sage Property Company.
U-Haul
U-Haul has acquired two self-storage facilities in southern Alabama. The former Wolf Bay Storage facilities in Robertsdale and Elberta had served as U-Haul dealer locations for more than 20 years. U-Haul Moving and Storage of Robertsdale, a four-building site at 20121 Baldwin Beach Express, encompasses 266,000 square feet; it offers 229 units and 58 parking storage spaces. U-Haul Moving and Storage of Elberta is an 11-building facility with 317 units and 95 parking spaces. It spans 224,000 square feet. Combined, the two locations have more than 11 acres.
Marcus & Millichap
Marcus & Millichap arranged the sale of a four-property, 890-unit self-storage portfolio in Carbondale, Ill. The sales price was undisclosed. The portfolio comprises 834 non-climate-controlled units and 56 climate-controlled units for a total of 98,363 rentable square feet. Marla Čolić of Marcus & Millichap represented the undisclosed seller. A regional storage investment group purchased the portfolio. Steven Weinstock, broker of record in Illinois, assisted in closing the transaction.
Franklin Street
Franklin Street has announced the successful sale of two self-storage facilities: All Purpose Storage in Corning, N.Y., and Storage Express in Glenmont, N.Y. Frank DeSalvo and David Perlleshi from Franklin Street represented the seller in these transactions. The 39,400-net-rentable-square-foot All Purpose Storage facility is fully fenced and outfitted with state-of-the-art security cameras and a 24/7 call center. The 32,871-net-rentable-square-foot Storage Express facility occupies an 8-acre site and is equipped with solar panels and 134 open parking units. Both properties were acquired by an undisclosed in-state buyer.
Gantry / Storage Corner Group
Gantry secured a $7.5 million permanent loan for the acquisition and recapitalization of Storage Corner Marina and Marina Business Park in Marina, Calif. The property features a mix of self-storage, industrial, and retail uses encompassing a total of approximately 116,000 rentable square feet. Gantry’s Charlie Kokernak, director with the firm’s Portland production office, secured the loan on behalf of Storage Corner Group, a Bay Area-based self-storage and light-industrial focused investment firm. The six-year, non-recourse loan was secured via one of Gantry’s correspondent insurance lenders and features an attractive fixed rate with partial term interest only followed by 30-year amortization.
Marcus & Millichap
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Marcus & Millichap arranged the sale of Extra Space Storage, a 493-unit, first-generation facility in Denton, Texas. Brandon Karr, investment specialist in Marcus & Millichap’s Fort Worth office and co-leader of the Karr-Cunningham Storage Team, exclusively represented the seller, a local Dallas-Fort Worth investor, and procured the buyer, a REIT. The 58,225-rentable-square-foot site includes seven buildings on a 2.89-acre parcel and offers security features such as 24/7 video surveillance, personalized key-pad access, and an on-site manager’s residence.
Personal Mini Storage
Personal Mini Storage recently acquired Finch’s U-Stor-It, a self-storage facility at 2281 US-441 in Fruitland Park, Fla. The acquisition marks the company’s second property in Fruitland Park and further solidifies its presence in Lake County. Over the next few months, the site will be rebranded and receive numerous upgrades to create a more secure and enjoyable experience for its customers. Planned improvements include driveway repairs, roof enhancements, upgraded gates, new signage, painting, and office renovations.
U-Store It
Global real estate investment management firm Heitman LLC has acquired a self-storage site in Galway, Ireland, further expanding its U-Store It portfolio in the country. The Galway property comprises approximately 72,000 square feet, in addition to approximately 36,000 square feet for potential future expansion. Located within a prominent business park, it is only 10 minutes away from Galway’s city center and central to business, manufacturing, and residential communities.
Marcus & Millichap
Marcus & Millichap brokered the sale of Georgetown Mini Storage, a 26,400-square-foot facility in Georgetown, Texas, with 144 units. Jon Danklefs and Douglas Diffie, investment specialists in Marcus & Millichap’s San Antonio and Austin offices, exclusively marketed the property on behalf of the seller. The buyer, Merit Hill Capital, was procured by Danklefs.
Located at 2220 N. Austin Ave., the self-storage property is near two major thoroughfares, Interstate 35 and Texas Toll Road 130.
NAI Pfefferle
NAI Pfefferle has negotiated the sale of a five-property self-storage portfolio in Michigan and Wisconsin. The assets total 355 units across 73,358 square feet. The sales price was undisclosed, but the asking price was $3.9 million. Jonathan Glassco of NAI Pfefferle brokered the sale. Buyer and seller information was not provided.
Marcus & Millichap
In a sale recorded on Sept. 18, the former All Star Storage facility on 8.9 acres in New Hartford, Conn., sold to a limited liability company tied to Compass Self Storage for $8.6 million. MBR Holdings New Hartford LLC sold the 350-unit property to Amsdell Storage Ventures 87 LLC, an affiliate of Cleveland-based Amsdell Companies. The facility includes seven buildings of 4,550 square feet to 12,600 square feet; they were built between 2016 and 2022. Nathan Coe, Gabriel Coe, and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the listing, alongside Patrick Lemp with Ascendant Valuation Advisors.
SmartStop
An affiliate of SmartStop has purchased a self-storage site on 1.4 acres in Miami, Fla., for $30.8 million. The three-story facility encompasses 99,280 square feet. The seller, an affiliate of Abreu Development, had acquired the property in 2022 for $3 million and completed the facility in 2023. Public Storage had been leasing the building.
Franklin Street
Franklin Street has announced the successful sale of Fortress Storage, a 56,950-net-rentable-square-foot, climate-controlled storage facility on five acres in Aiken, S.C. This off-market transaction Frank DeSalvo and David Perlleshi from Franklin Street represented the buyer in this off-market transaction.
Marcus & Millichap
Marcus & Millichap completed the sale of Space Squared Self Storage, a 317-unit property at 949 4 Mile Road NW in Grand Rapids, Mich. The 41,925-rentable-square-foot, Class-A facility was built in 1995 and renovated in 2022. Jonathan Fawley, Nathan Coe, Gabriel Coe, and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. Steve Chaben, broker of record in Michigan, assisted in closing the transaction.
SkyView Advisors
SkyView Advisors has closed on the sale of a 58,000-net-rentable-square-foot facility in the Boston-Cambridge-Newton, Mass.-N.H. metro area. With no new self-storage construction in a five-mile radius and 100-plus new homes within 1.5 miles, the 10-building, 420-unit facility is primed for success. Details about the buyer, seller, and sales price were not disclosed.
RecNation Storage
RecNation Storage has expanded its presence in the Orlando market with a new acquisition positioned near “The Villages,” a retirement community with more than 150,000 residents. This is its sixth location in the area. This new facility spans close to 20 acres, providing ample space for recreational vehicle and boat storage, making it the largest dedicated boat and RV facility in the area. It will offer fully enclosed units, canopy structures, and open areas, as well as on-site dump stations, washdown areas, air compressors, and an on-site RV repair workshop. RecNation now boasts a total of 65 locations across the nation.
BlueGate Boat and RV Storage
BlueGate Boat and RV Storage, an affiliated company of Madison Capital Group, has acquired Davie RV Storage, a three-property portfolio in Winston-Salem, N.C. The three properties feature a newly built, stabilized portfolio with 281 parking spaces, 159 of which are covered, across 7.51 acres.
The Storage Acquisition Group
The Storage Acquisition Group (TSAG) has closed on the final site of its 18-property True Self Storage portfolio acquisition. The 911-unit, 76,1250-net-rentable-square-foot self-storage facility is located at 4489 McDonough Highway in Conyers, Ga. In all, the acquired portfolio totals 1,452,959 square feet and 13,714 units across 10 states. This transaction was managed by a team of TSAG Advisors, including Bill Sitar, Jr. Esq., John Cranley, Andrew Burachinsky, and CEO/President Monty Spencer.
Midcoast Properties, Inc.
Hal H. Tanner, III, leading self-storage broker of Midcoast Properties, Inc. represented the seller in the sale of Claremont Self Storage, a 100,600-rentable-square-foot facility in Claremont, N.C., with 822 drive-up and climate-controlled units and 39 parking spaces for boats and RVs. The site’s other amenities include an office with retail supplies, website/online bill pay, fencing and gated access, recorded video surveillance, ample lighting, and wide drive aisles.
U-Haul
JLL Capital Markets recently completed the sale of a four-property portfolio in the metropolitan areas of the Twin Cities, Minn., and Kansas City, Kan. JLL’s Self Storage team represented the seller, NexPoint Storage Partners, and procured U-Haul as the buyer. The portfolio totals 327,791 net rentable square feet and 3,345 climate-controlled units.
Marcus & Millichap
Marcus & Millichap brokered the sale of All Star Storage, a 350-unit facility in New Hartford, Conn. Built on 8.9 acres in 2016 and renovated in 2023, the seven-building property offers a mix of climate-controlled and non-climate-controlled units. Nathan Coe, Gabriel Coe, and Brett Hatcher of Marcus & Millichap, in conjunction with Patrick Lemp with Ascendant Valuation Advisors, represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.
Marcus & Millichap
Marcus & Millichap completed the sale of a three-property The Storage Center portfolio with locations in Austin, San Antonio, and Glendale, Ariz. The multistory facilities have a combined total of 322,775 square feet, 3,296 climate-controlled units, and 84 non-climate-controlled units. Jon Danklefs, first vice president of investments in Marcus & Millichap’s San Antonio office, represented the seller and original developers of the portfolio, Brookwood Properties, and procured the buyer, UTEX Storage Partners.
Argus Self Storage Advisors
Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan, broker affiliates of Argus Self Storage Advisors, represented the sellers and worked with the buyer to complete the sale of Ridgewood Storage, a 20,200-rentable-square-foot facility in St. Joseph, Minn., with 130 drive-up units. The buyer was a local business owner and first-time self-storage owner.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliate Larry Goldman, CCIM of Goldman Investment Advisors represented the seller in the sale of Dan Ark Mini Storage in Danville, Ark. The facility sold to Danville AR Ozark, which plans to fully automate the facility and potentially build out the site with additional units.
U-Haul
U-Haul has acquired three Extra Space Storage facilities in Twin Cities, Minn. Combined the three facilities offer nearly 2,600 units with climate-control options and high-tech security features. U-Haul Storage at American Blvd. in Minneapolis (101 American Blvd. W.) and U-Haul Storage of St. Paul (631 Transfer Road) each have 890 self-storage units for rent. U-Haul Moving & Storage of New Hope in Minneapolis (3216 Winnetka Ave. N.) houses 819 storage rooms.
The company unveiled plans to open another self-storage facility in the area. Scheduled for completion by fall 2026, U-Haul Moving & Storage of Ramsey will be U-Haul Company of Northern Minnesota’s first ground-up build. The 8.73-acre property at Highway 10 and Riverdale Drive was acquired on Oct. 2. The lot was previously home to a local organic farm.
The retail, moving, and self-storage center will encompass seven buildings with a total of 1,150 climate-controlled and drive-up units. A U-Box® warehouse will provide storage for up to 800 portable moving containers.
CBRE
Nick Walker and Trevor Roberts of CBRE’s Self Storage Advisory Group represented the seller, a joint venture between Capital 360, LLC and global investment firm Barings, in the sale of a 260,273-square-foot, three-story Extra Space Storage facility on 4.95 acres in Cerritos, Calif. The 2,460-unit, high-tech property sold to Hines for $91 million. According to Walker, it was the largest single-property self-storage sale in history.
The Storage Acquisition Group
The Storage Acquisition Group (TSAG) has announced the successful closing of a self-storage facility at 19 Jean Street in New Bedford, Mass. TSAG advisors Bill Sitar, Esq., John Cranley, Andrew Burachinsky and CEO/President Monty Spencer expertly guided the transaction. The 149,936-net-rentable-square-foot facility offers 1,582 units. Demetrius Spaneas with Land and Sea Real Estate Inc is the broker of record.
Marcus & Millichap
Bryan Quaschnick, Danny Cunningham, and Brandon Karr, investment specialists and leaders of the Karr-Cunningham Storage Team of Marcus & Millichap, represented the seller, a Dallas-based private investment group, and procured the buyer, an out-of-state private investor, in the sale of Premium Storage, a 107,330-square-foot facility on 6.99 acres in Tuttle, Okla. The 375-unit property comprises 37 climate-controlled units, 334 non-climate-controlled drive-up units, and four commercial spaces.
SmartStop Self Storage
Strategic Storage Growth Trust III, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has acquired a 36,900-net-rentable-square-foot self-storage facility in Canada. Located at 8 Inglewood Drive in St. Albert, Alberta, this newly constructed two-building facility offers 310 climate-controlled and drive-up units, as well as an advanced keyless entry system. An expansion adding approximately seven drive-up buildings, 640 units, and 70,500 square feet is planned for the first half of 2025, with completion anticipated in the first half of 2026.
SkyView Advisors
SkyView Advisors has closed on the sale of a 43,994-net-rentable-square-SkyView Advisors
SkyView Advisors has announced the sale of a four-property portfolio. The IncaAztec Self Storage facilities have a combined total of 86,923 net rentable square feet, 947 units, and 9.16 acres. They are located throughout the southern Florida MSAs of Tampa-St. Petersburg-Clearwater, Orlando-Kissimmee-Sanford, Ocala, and Palm Bay-Melbourne-Titusville.
Spartan Investment Group
Spartan Investment Group has acquired a self-storage facility within the growing hub of Beaufort, S.C. Located at 240 South Carolina Highway 128, the facility spans 60,890 square feet of net rentable space and features 543 units. It was constructed in 2021. The Beaufort facility will integrate into Spartan’s network, supported by Spartan Construction Management and FreeUp Storage, Spartan’s in-house construction and property management teams.
Silver Star Properties
Silver Star Properties has offloaded a Houston office building as part of its effort to liquidate most of its legacy assets and pivot to self-storage. The Houston-based investor sold 3100 Timmons Lane for about $10.5 million. The five-story building spans 136,000 square feet, making the sale price just over $77 per square foot. Silver Star has sold 28 of its 47 legacy assets and intends to sell another 11 before the end of the year. The proceeds of these sales were used to pay down $340 million in debt. In addition, the firm is considering retaining its legacy properties worth between $74 and $85 million, including four in Houston, one in Dallas and one in San Antonio. It’s also beginning to buy self-storage properties. So far, Silver Star has 13, totaling more than 550,000 square feet.
RecNation RV & Boat Storage
RecNation Storage is expanding its portfolio with the acquisition of an additional site in Sacramento, Calif. This acquisition marks RecNation’s milestone achievement of reaching 65 locations across eight states. Plus, Sacramento is a prime market for RV storage, according to Gary Wojtaszek, Chief Camper of RecNation, who calls California the largest RV market in the country thanks to its state and national parks as well as more than $500 million in RV sales. RecNation Storage plans to expand into 20 other locations across the state. In other news, the company also announced its first third-party management property. This new business segment is poised to leverage RecNation’s national scale and industry-leading management expertise, offering developers and current owners an opportunity to enhance their property’s performance and value.
Marcus & Millichap
Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, exclusively represented the local owner-operators in the sale of Pego Self Storage, a 12-building facility in Mabank, Texas, with 72,262 rentable square feet and 568 units drive-up and climate-controlled units. The buyer, a commercial real estate deal sponsor from the Austin area, was also secured by Cunningham and Karr.
Marcus & Millichap
Jared Houck, Kevin Bledsoe, and Matthew Junkin, investment specialists in Marcus & Millichap’s King of Prussia office, had the exclusive listing to market Garrett County Self Storage, a 49,675-square-foot facility in McHenry, Pa., on behalf of the seller, Chris Cynkar. The trio also procured the buyer, Valley Storage Maryland, LLC. Brian Hosey, Broker of Record in Maryland, assisted in closing the transaction. Garrett County Self Storage offers 305 units of various types, including drive-up, climate-controlled, and RV and boat storage.
StorageMart
StorageMart has acquired a state-of-the-art storage facility in Canton, Ga. The newly built facility, located at 4843 Holly Springs Parkway, features 95,429 net rentable square feet and 865 units. It offers a mix of unit sizes, climate-controlled options, and drive-up access, as well as enhanced security measures like 24-hour video surveillance and gated access. The facility also provides customers with convenient access hours, on-site management, and 24/7 customer support through our call center.
SmartStop
SmartStop Self Storage has purchased a Shockoe Bottom warehouse in Richmond, Virginia that ages ago stored tobacco. The 92,000-square-foot self-storage facility at 1720 E. Cary St. is under new ownership after a $12 million sale. The seller was North Carolina-based Morningstar Storage, which had owned the five-story facility since buying it in 2019 for $5.1 million.
Argus Self-Storage Advisors
Argus Self Storage Advisors’ broker affiliates Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan represented the seller in the sale of Lucky 7 Storage, a 19,326-rentable-square-foot facility in Cambridge, Minn. In addition to 97 units and a 500-square-foot office, Lucky 7 has more than 30 outdoor parking spaces. Gottlieb and his team also worked directly with the buyer, a local group expanding its portfolio in Minnesota, to complete the transaction.
Coastal Storage Group
Carrie Stowell of Argus Self Storage Advisor affiliate Coastal Storage Group, formerly Weaver Realty Group, represented the seller in the sale of a 4.42-acre development site in Arcadia, Fla. The land, which is already zoned for self-storage, is currently being entitled for approximately 75,000 gross square feet of climate-controlled and drive-up storage. Coastal Storage Group was instrumental in helping them navigate both the entitlement and sales process.
Coastal Storage Group
Josh Koerner and Frost Weaver, both with Coastal Storage Group (formerly Weaver Realty Group), an affiliate of Argus Self Storage Advisors, represented the seller in the sale of Aero Treasure Coast Storage, a 63,325-rentable-square-foot facility on 4.68 acres in Vero Beach, Fla.
Storage Acquisition Group
The Storage Acquisition Group (TSAG) recently announced the closing of a six-property portfolio in Florida with a total of 346,901 net rentable square feet and 3,433 units. The transaction was facilitated by TSAG advisor and broker of record, David Spencer of eXp Commercial, and TSAG CEO and President Monty Spencer.
Premier Storage of Delaware
Following the completion of a 37,625-square-foot expansion, Premier Storage of Delaware, a 489-unit, 68,053-square-foot property on 10.91 acres in Delaware, Ohio, has been sold to a local buyer. Marcus & Millichap’s Gabriel Coe, Nathan Coe, and Brett Hatcher, investment specialists in the firm’s Columbus office, procured the buyer and had the exclusive listing to market the property on behalf of the seller.
Marcus & Millichap
Marcus & Millichap negotiated the sale of Oak Crest Storage, a 34,397-rentable-square-foot, 261-unit facility on 5.7 acres in Iowa City, Iowa. George Kondracke, Brian Kelly, Gabriel Coe, Nathan Coe, and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, Streamlined Storage, which now has four facilities in Iowa.
Marcus & Millichap
Marcus & Millichap has announced the sale of Inez Storage and Beck Road Storage. The two properties, which are located 4.5 miles apart in Inez, Texas, have a combined total of 10 single-story buildings, 483 units, and 102,610 square feet on 11.17 acres of land. Dave Knobler, senior managing director investments, and Mixson Staffel, investment associate, both in the firm’s Houston office, along with Charles “Chico” LeClaire, executive managing director investments in the firm’s Denver office, marketed the property on behalf of the seller. The buyer was a California-based family trust.
Harrison Street
In an off-market transaction, Harrison Street has acquired a 19-property portfolio for over $200 million. The facilities, which are situated throughout growing submarkets in Georgia, Alabama, Florida, North Carolina, and South Carolina, encompass 1.4 million square feet and more than 12,000 units. They will be managed by Harrison Street’s partner, Reliant Real Estate Management (Reliant), under their Midgard Self Storage brand. Harrison Street and Reliant currently own and operate 65 properties through their joint venture partnership.
goHomePort
goHomePort, an investment firm focused on making RV ownership easy, has acquired Southport Self Storage in West Sacramento, Calif., expanding its portfolio to 11 properties across five states (Arizona, California, Colorado, Missouri, and Mississippi. goHomePort West Sacramento offers oversized enclosed units, canopy spaces, uncovered spaces, and mini storage units. goHomePort seeks to scale a portfolio of premier RV and boat storage facilities in major markets across the country over the next several years.
Midcoast Properties
Associate J. Kris Knowles of Midcoast Properties, Inc. represented the seller in the sale of Barnes Storage, a four-property portfolio in Carrollton, Ga. Located at 3015 Highway 61, 3439 and 3549 Carrollton Villa Rica Highway, and 2537 Highway 166, the facilities have a combined total of 433 drive-up units, climate-controlled units, and parking spaces, as well as a 78,274-net-rentable-square foot warehouse.
Marcus & Millichap
Marcus & Millichap brokered the sale of Premier Storage of Delaware, a 68,053-square-foot facility near Columbus, Del. It offers 489 units, parking options, and room for expansion on its nearly 11-acre lot. Gabriel Coe, Nathan Coe, and Brett Hatcher of Marcus & Millichap represented the undisclosed seller and procured the local buyer. The sales price was undisclosed.
10 Federal Storage
In an all-cash transaction, 10 Federal Storage purchased 4 properties in Carrolton, GA last week. These properties totaling 80,000 net rentable square feet, 524 units, and 14 buildings on approximately 12 acres of land. The properties are strategically located in high growth suburbs of the Atlanta MSA and have substantial expansion opportunity which 10 Federal plans to leverage to meet the growing demand for self-storage in the area. This makes 10 Federal’s 19th property in Georgia.
SmartStop Self Storage
SmartStop Self Storage has acquired a two-property portfolio from Morningstar Storage. The properties, located in Virginia and North Carolina, have a total of 1,033 units across 112,707 rentable square feet. In Virginia, the Richmond location has a five-story climate-controlled building with video surveillance, gated access, digital access, and institutional style leasing offices; it opened in 2000. The facility in Arden, N.C., offers vehicle, wine, and climate-controlled storage. Executive Managing Director Charles LeClaire and Senior Managing Director Adam Schlosser with the LeClaire-Schlosser Group of Marcus & Millichap brokered the deal on behalf of the seller and secured the buyer.
Go Store It Self Storage
Go Store It Self Storage, an affiliate of Madison Capital Group, has acquired a 54,565-square-foot facility on four-plus acres in Oak Ridge, Tenn. Comprised of 11 single-story buildings, Go Store It Oak Ridge has 515 storage units, a sliding gate with keycode access control, on-site resident manager’s quarters, 24-hour video surveillance, and well-lit, wide drive aisles. It is the company’s 97th location.
Right Move Storage
Merit Hill Capital recently purchased Bear Valley RV Park and Self Storage, a 726-unit facility on a 49.6-acre site in Hesperia, Calif. The purchase price was not disclosed. The transaction was facilitated by Brian Somoza from JLL Capital Markets’ self-storage team, who represented the confidential seller and secured Merit Hill Capital as the buyer. The property is managed by Right Move Storage.
Kennards Self Storage
Kennards Self Storage has purchased the Westpac Sydney data center-turned disaster recovery site in the Chatswood area of Syndey, Australia, for AU $23.05 million ($15.11 million USD). Kennards, which operates another facility in the same suburb, will be converting the five-story building into a self-storage facility. It has a gross floor area of 121,503 square feet and comes with a high-spec fit out, substantial power infrastructure and high-value plant and equipment.
Silver Star Properties
Silver Star Properties REIT, Inc. has completed its fourth self-storage property acquisition: a 907-unit, 81,370-square-foot, Class-A facility in Delray Beach, Fla. It was acquired from an unrelated third party for $26.5 million. The company acquired a two-building complex leased to Public Storage at 14810 Hagen Ranch Road with a $15.5 million loan that matures in 2026 from Franklin BSP Trust. The purchase is in furtherance of the company's pivot strategy to self storage and utilization of 1031 tax-free exchange transactions with a goal of eliminating or minimizing any tax cost.
LandPark Advisors
Locally based investment and management firm LandPark Advisors purchased Sentinel Self Storage, a 350-unit facility on 4.7 acres in Tomball, Texas. The 80,195-net-rentable-square-foot facility, which opened in April, features an automated security gate with keypad access and video surveillance throughout the property. The seller and sales price were not disclosed.
Pogoda Companies
Pogoda Companies has acquired Northside Mini Storage, a nearly 30,000-rentable-square-foot facility in Evansville, Ind. It offers a combination of climate-controlled, drive-up, and vehicle parking spaces encompassing 243 units. Located near the Evansville Regional Airport and other well-known landmarks, this is Pogoda’s second property in Evansville. It offers round-the-clock digital video surveillance and will feature a 24-hour kiosk room where new and current tenants will be able to rent units, pay their rent, and speak to in-house call center agents through a video chat feature.
Marcus & Millichap
Marcus & Millichap arranged the sale of Gordon’s Mini Storage, a 42,020-square-foot facility in Kelso, Wash. The 320-unit asset was sold for an undisclosed price. Christopher Secreto, an investment specialist in the firm’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Secreto as well.
Argus Self Storage Advisors
NAI Norwood Group sold a fully approved 1.2-acre site on Nantucket, Massachusetts. The Argus Self Storage Advisors Broker Affiliates sold the property to a private equity developer. The site is approved for a 92,000 square foot state-of-the-art climate-controlled facility in the center of the island.
Westlake Realty Group
Westlake Realty Group and Frontera Real Estate Investments bought a 582-unit self-storage facility called Mariners Drive Self Storage in Stockton, CA. The cost was $9.43 million, or about $198 per square foot.
SmartStop Self Storage
SmartShop Self Storage REIT Inc. purchased a self-storage facility on 10.6 acres at 2119 E. Main St. in Spartanburg, SC. It will have 109,500 NRSF spread across 950 climate-controlled units. RealtyLink sold the facility for $13.2 million. The three-story facility was completed in 2020 and formerly operated under the Extra Space Storage banner. It will serve the neighborhoods of Summit Hills, Zion Hill, Hillbrook, Fernwood, Hillcrest, Converse, Clifton, Glendale, Beaumont Village, Whitney Heights, and Drayton. This is SmartStop’s fourth location in South Carolina.
U-Haul
U-Haul purchased the former Lazy Day Storage facility at 6619 Lanier Islands Parkway in Buford, GA. The sale of the 4-acre property, now called U-Haul Moving & Storage at Lake Lanier, closed July 10. It has 307 drive-up units plus U-Haul truck and trailer sharing, towing equipment and moving supplies.
National Storage
Pogoda Companies purchased Northside Mini Storage in Evansville, IN. This property has almost 30,000 square feet of rentable space in a combination of climate-controlled, drive-up, and vehicle parking spaces encompassing 243 units. This is Pogoda’s second Evansville location and fourth Indiana property. Pogoda now has more than 60 facilities spread across three additional states: Michigan, Kentucky and Ohio. Northside Mini Storage will be rebranded under Pogoda’s National Storage flag.
Merit Hill Capital
Merit Hill Capital has acquired two facilities in California and one in Massachusetts.
Cal Self Storage, a 42,490-square-foot, 404-unit property in Hayward, and San Pablo Mini Storage, a 50,503-square-foot, 522-unit facility in San Pablo, were sold by The Reeves Family Trust. A Plus Storage in Kingston, Mass., offers 303 units totaling 36,350 square feet. All three transactions were arranged by the de Jong I Becher Self-Storage Team of Colliers, and the facilities are now managed by Extra Space Storage.Franklin Street
Franklin Street Self-Storage represented the sellers, Graham Real Estate LLC and Harley’s Properties LLC, in the sale of Graham’s Storage, a 357-unit, 48,231-net-rentable-square-foot facility on 8.03 acres in Kannapolis, N.C. Franklin Street and Aaron Palmer from Century 21 Connected represented the buyer, 10 Federal. Senior Directors David Perlleshi and Frank DeSalvo guided the Franklin Street Self-Storage Investment Sales team.
Midcoast Properties, Inc.
Michael Morrison, a leading self-storage broker for Midcoast Properties, Inc., represented the seller in the sale of Storage on 101, a 52,580-rentable-square-foot facility on 3.88 acres in Greer, S.C. Amenities at the property include Nokē Smart Entry, perimeter fencing with gate, 24/7 surveillance, ample lighting, rental office, bathroom, RV wash station, and more.
Macadam Moving, LLC
Macadam Moving LLC recently completed the $1.6 million purchase of 17,322-square-foot facility in Portland, Ore. It features 168 units, four office/retail spaces, and a freight elevator. Greg Nesting and Gabe Schnitzer with Norris & Stevens Inc. represented the seller, Ronald A. Buss & Teresa McCurdy; Jason Kennedy with RE/MAX Equity Group represented the buyer in the transaction.
Marcus & Millichap
Marcus & Millichap brokered the sale of Gordon’s Mini Storage, a 42,020-square-foot facility in Kelso, Wash. The 320-unit asset sold at a confidential price. Christopher R. Secreto, an investment specialist in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Secreto as well.
Marcus & Millichap
Marcus & Millichap recently brokered the sale of Advantage Storage, a 432-unit facility in Amarillo, Texas. Built in 2019, the facility totals 84,475 net rentable square feet across 226 climate-controlled units, 181 non-climate-controlled units, 13 enclosed parking spaces, and 12 warehouse units. Gabriel Coe, Nathan Coe, Brett Hatcher, and Garret Nelson of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was an out-of-state REIT that also requested anonymity.
Colliers
Colliers has brokered the sale of San Pablo Mini Storage, a 50,503-square-foot facility on 2.4 acres in San Pablo, Calif. The Reeves Family Trust sold the 11-building, 522-unit property to Merit Hill Capital for an undisclosed price. Jacob Becher of the de Jong | Becher Self-Storage Team of Colliers represented the seller and procured the buyer in the deal.
The Storage Acquisition Group
The Storage Acquisition Group (TSAG) is pleased to announce the successful acquisition of a self-storage facility located at 8145 Connector Dr, Florence, KY 41042. This facility, strategically situated in the heart of Florence, offers 62,873 square feet of rentable space and encompasses 624 units. TSAG represented Prime Storage Group in this transaction, making it their 10th acquisition in Kentucky. The transaction was guided by a team of TSAG advisors, including Bill Sitar, Esq., John Cranley, Andrew Burachinsky, and CEO and President Monty Spencer.
Talonvest Capital
Talonvest Capital, Inc., alongside Metro Self Storage and their JV-equity partner, Fremont Realty Capital, recently announced the successful closing of a $185 million loan for a Class-A, 20-property portfolio with locations in Illinois, Minnesota, Wisconsin, New Jersey, New York, and Pennsylvania. The portfolio has a combined total of 1.55 million net rentable square feet.
Talonvest procured a non-recourse, three-year floating rate, bridge loan that has no covenants and capped legal costs from a leading global alternative investment firm. Loan negotiations resulted in flexibility on proceeds to be cash neutral at closing and an 18-month initial interest rate cap requirement. The Talonvest team members responsible for this transaction included Kim Bishop, Eric Snyder, Tom Sherlock, Mason Brusseau, and Lauren Maehler.
Westport Properties / Heitman
The joint venture of Westport Properties and Heitman has acquired a two-property A+ Self Storage portfolio in Las Cruces, N.M., from John Curry Construction and Real Estate. The 66,612-rentale-square-foot facility included 12 buildings on 5.8 acres; the six-building facility has a total of 48,376 rentable square feet. Together they offer 823 units. Executive Managing Director Charles LeClaire and Senior Managing Director Adam Schlosser with the LeClaire-Schlosser Group of Marcus and Millichap represented the seller and secured the buyer. The portfolio purchase was subject to a four-year, $7.2 million seller carry-back loan.
All City Self Storage
All City Self Storage, which sits on 23.75 acres in Soddy Daisy, Tenn., has sold for $6.4 million. TNU3519SY LP purchased the property from Charisma Storage LLC.
StorageVault
StorageVault will acquire two locations from two arm’s length vendor groups for an aggregate purchase price of $59.5 million, subject to customary adjustments. The assets are located in the Greater Toronto Area and Surrey, B.C. One of the locations is being purchased under a 50/50 joint venture; StorageVault owns a nearby self-storage property, so this joint venture acquisition will provide an opportunity to expand in that area. The aggregate purchase price is expected to be paid with funds on hand, issuance of 640,000 StorageVault common shares valued at $4 million to one of the vendors, and a vendor takeback mortgage from one of the vendors. The acquisitions are expected to close by the end of June.
Skyview Advisors
SkyView Advisors has closed on the sale of Tulip Poplar Boat & RV Storage, a 40,712-net-rentable-square-foot facility on 3.63 acres within the Nashville, Tenn., metro area. The asset has 13 buildings and 166 units.
U-Haul
After being purchased on June 18, the facility now known as U-Haul Storage of Maplewood is being remotely managed by U-Haul Moving & Storage of Maplewood, which is less than one mile away in Maplewood, Minn. It sits on 1.84 acres and features 262 drive-up units.
Strategic Storage Trust, Inc.
Strategic Storage Trust, Inc. (SSTI) recently purchased a 500-unit facility in Hampton, Va., for approximately $6.7 million. The 71,500-net-rentable-square-foot, four-building site will be re-branded under the SmartStop Self Storage trade name. Built in 2007 and 90 percent occupied at acquisition, the Hampton facility offers all ground-level units with approximately 50 percent climate controlled and the other half drive-up non-climate-controlled units.
Marcus & Millichap
Marcus & Millichap arranged the sale of Self Storage of Beach Park, a 57,050-square-foot facility in Beach Park, Ill. Sean M. Delaney, senior managing director investments, marketed the three-building property for the seller, a limited liability company. He also secured the buyer of the 447-unit facility, Extra Space Storage.
Marcus & Millichap
Marcus & Millichap has brokered the sale of Access Storage, a 626-unit facility in Corpus Christi, Texas. Built in 2003, the property spans 83,223 net rentable square feet. Brian Kelly, Brett Hatcher, Gabriel Coe, Luke Sullivan, and Nathan Coe of Marcus & Millichap represented the seller, a limited liability company. The buyer was not disclosed.
Versal
Versal has closed the sale of Affordable Storage in Clute, Texas. The Class-A property has 440 units totaling 46,785 square feet. Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented Fab Legacy LLC, the New Hampshire-based seller. The team also procured the Miami-based buyer, LAGO Properties, LLC.
Prime Group Holdings
A newly constructed 88,900-square-foot facility on 2.03 acres in Woonsocket, R.I., recently sold for $6.6 million. It was sold by 777 Providence Street LLC to Prime Storage Woonsocket LLC, which is managed by Prime Storage Fund III GP LLC, a fund managed by Prime Group Holdings.
Businesses For Sale
Eric Smith, Owner/President of Self Storage Brokers of America Inc (SSBA) and its subsidiary, American Self Storage Property Management LLC (ASSPM), is selling his successful businesses due to declining health. To learn more about this opportunity or to contact Eric, click here.
Noah's Ark
Noah’s Ark Storage has opened a new RV and boat storage facility in Somerset, Ky. With an expansive layout to ensure smooth maneuverability and access to storage spots, the site is equipped to handle a range of storage needs; it also offers flexible rental terms designed to suit various customer requirements.
Prime Group Holdings
Prime Group Holdings has acquired 30 facilities across 10 states. The properties, which were acquired in three separate transactions on behalf of the firm’s flagship investment vehicle, Prime Storage Fund III, LP, total approximately 1.725 million rentable square feet. Transactions included a 14-property portfolio with roughly 800,000 rentable square feet in the Hudson Valley region of New York State, a 5-property portfolio in Northern New Jersey with approximately 245,000 rentable square feet, and an 11-property portfolio with approximately 680,000 rentable square feet in eight states across the Midwestern, Southeastern, and Northeastern U.S. The facilities will be managed by Prime Group and will be operated under the Prime Storage brand.
Franklin Street
Franklin Street Self-Storage represented the seller, Anderson Construction, in the sale of Mobile Storage, a 61,325-net-rentable-square-JLL Capital Markets
On behalf of HPI Real Estate, JLL Capital Markets arranged financing for the acquisition of Anna Self Storage, an 840-unit facility in Anna, Texas. Completed in 2023, the climate-controlled, two-story facility totals 103,000 square feet. The JLL Capital Markets Investment Sales and Advisory team representing the borrower was led by Managing Director Casey Wenzel, Director John Bauman, and Associate Luke Rogers; they worked to secure the five-year, floating-rate acquisition loan with Security National Bank.
17 Town House Road, LLC
Malone Commercial Brokers (MCB) brokered the sale of a newly constructed 26,000-square-foot, five-building facility on 7.5 acres in West Gardiner, Maine. West Gardiner Self Storage, LLC sold the property to 17 Town House Road, LLC for $2.134 million. Brandon Mitchell of MCB represented the seller, while Jordan Stolt of Summit Real Estate represented the buyer.
Midcoast Properties
Michael Morrison, broker with Midcoast Properties Inc., assisted both the seller and the buyer in the recent sale of St. Marys Self Storage, a two-property portfolio in St. Marys, Ga. It was sold to a national self-storage operator.
Marcus & Millichap
Marcus & Millichap has brokered the sale of Leeville Pike Storage, a 182-unit facility in Lebanon, Tenn., that was built in 2015. Andrew Beeckman of Marcus & Millichap’s Nashville office represented the seller, the retiring owner, and procured the buyer in the transaction. Both parties requested anonymity; the sales price was not disclosed.
1784 Holdings
1784 Holdings has acquired a Life Storage branded facility on 1.3 acres in Hawthorne, Calif. Talonvest Capital arranged the $36.8 million, nonrecourse bridge loan for the 130,305-square-foot facility; the loan has a three-year term, two extension options, and full-term interest-only payments and was funded by a unique lending program through an entity controlled by Extra Space Storage. Jim Davies, Britt Taylor, Mason Brusseau, Tom Sherlock, and Lauren Maehler of Talonvest represented the borrower.
Marcus & Millichap
Nathan Coe, Gabriel Coe, and Brett Hatcher of Marcus & Millichap represented the seller in the sale of a StorageBlue portfolio in Northern New Jersey consisting of multiple multistory assets throughout Hoboken, Jersey City, Union City, Newark, and Garfield.
VanWest Partners
In April, VanWest Partners sold two ClearHome Self Storage facilities in Minooka and Ringwood, Ill., from its VanWest Storage Fund II portfolio. After a 30-month hold period, the properties generated investment returns of a 33.1 percent IRR and a 1.91x equity multiple for a more than $5 million in proceeds for the fund.
Marcus & Millichap
The LeClaire-Schlosser Group of Marcus & Millichap brokered the sale of a 90,900-square-foot facility managed by CubeSmart in Kenosha, Wis. The two-story property, which offers 900 climate-controlled units, sold for an undisclosed price. Adam Schlosser, Charles LeClaire, and Jack Sullivan of Marcus & Millichap represented the seller, Macritchie Group. Matthew Tice represented the buyer, Inland Real Estate Acquisitions LLC, on an internal basis.
Malone Commercial Brokers
Brandon Mitchell of Malone Commercial Brokers represented the seller in the sale of a newly constructed 26,0000-square-foot facility on 7.5 acres in West Gardiner, Maine. The five-building property sold to 17 Town House Road, LLC from West Gardiner Self Storage, LLC for approximately $2.13 million. Jordan Stolt of Summit Real Estate represented the buyer in the transaction.
JLL Capital
JLL Capital Markets arranged the sale of Cherry Ave Self Storage, a 1,085-unit facility on 5.4 acres in Fresno, Calif. A public REIT sold the asset to PSC Fresno LLC, an affiliate of Pratt Street Capital LLC, for $8.2 million. The property consists of a three-story building, 12 one-story buildings, boat and RV parking, and a 262-square-foot, newly renovated office. Brian Somoza of JLL Capital Markets’ investment sales and advisory team represented the seller in the deal.
Marcus & Millichap
Marcus & Millichap brokered the sale of U-Lock-It Mini Storage, a 27,120-net-rentable-square-Marcus & Millichap
Marcus & Millichap has announced the sale of Lorena Mini Storage, a 22,794-net-rentable-square-foot facility in Lorena, Texas. Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, exclusively represented the Dallas-Fort Worth based private investor. The buyer, a Waco, Texas-based commercial real estate investment group, was also secured by Cunningham and Karr.
Hines
A joint venture between Hines and Trez Capital has received financing for a 13-property self-storage portfolio throughout Dallas-Fort Worth, Texas; they worked with JLL Capital Markets to secure an $108 million, five-year, fixed-rate loan with New York Life Real Estate Investors.
The JLL Capital Markets team included John Bauman and Jordan Buck.
SkyView Advisors
SkyView Advisors has arranged the sale of 24-7 Automated Storage, a 43,030-net-rentable-square-foot facility on 3.55 acres in the Phoenix metro area. It consists of 12 buildings and 348 units.
Windmill Mini Storage
Jon Danklefs and Arol Horkavy, investment specialists with Marcus & Millichap, represented the seller the sale of Windmill Mini Storage, a 33,600-net-rentable-square-foot, 256-unit facility on 2.21 acres in Taylor, Texas. The buyer, a limited liability corporation, was procured through Horkavy.
Hines
Investing on behalf of its latest European value-add real estate fund, Hines has entered the European self-storage market by acquiring a three-asset, 1,449-unit portfolio in the U.K. from a local private family proprietor. Financial details were not disclosed. Hines has selected Storage King for portfolio management and branding. Hines plans to expand into other European markets over time, aiming to build a portfolio valued at approximately $252 million (USD).
Delaware Beach Storage Center
Meredith Mears, senior advisor with SVN | Miller Commercial Real Estate, recently arranged the sale of Delaware Beach Storage Center, a 106,000-net-rentable-square-foot facility on 2.45 acres in Lewes, Del. The three-story, Class-A facility, which was purchased by a REIT partnered equity fund, offers 636 units and 25 parking spaces. Mears sourced and closed the deal.
Prime Group Holdings
Prime Group Holdings, LLC, together with its affiliates, has acquired its first self-storage facility in British Columbia. The 67,476-rentable-square-foot property, located in the inner Vancouver suburb of Burnaby, offers 1,018 units and 63 parking spaces. The acquisition was made by the firm’s investment vehicle, Prime Storage Fund III, LP. Prime Group will manage the facility and operate it under the Prime Storage brand.
Marcus & Millichap
Jon Danklefs of Marcus & Millichap represented the undisclosed seller in the sale of Affordable Mini Storage, a 14,700-net-rentable-square-foot facility on 2.5 acres in Refugio, Texas. Built in 2014, it offers 126 units. Danklefs also procured the buyer, Kingcrest Communities.
Prime Group Holdings
Prime Group Holdings has purchased a 65,642-square-foot, CubeSmart-branded facility in Providence, R.I., from Brady Sullivan Properties for $13.8 million. Following the sale, the three-story, 749-unit property was renamed to Prime Storage. The Storage Acquisition Group facilitated the transaction.
VanWest Partners
VanWest Partners recently acquired a 39,570-net-rentable-square-Spartan Investment Group
Spartan Investment Group has closed on a trio of premium self-storage facilities in the Pacific Northwest:
- A 1,019-unit facility with 88,386 net rentable square feet in Portland
- A 689-unit facility with 61,550 net rentable square feet in Portland
- A 702-unit facility with 74,263 net rentable square feet in Vancouver
"These assets not only complement our existing portfolio but also expand our presence in the Pacific Northwest,” said Ryan Gibson, Spartan's CIO and Co-Founder. “By retaining Extra Space Storage as our third-party manager, we ensure continuity of excellence in service and management.”
All built within the last seven years, these assets feature state-of-the-art design and a variety of storage options and offer tenants multiple unit options, including ground-level drive-up units, interior heated units with first-floor and elevator access, interior non-climate-controlled units, and parking spaces.
U-Haul
On April 26, U-Haul acquired a newly developed facility on 2.08 acres in Orlando from Golden Storage LLC. Now open for business, U-Haul Moving & Storage of South Goldenrod offers 664 climate-controlled units and 22 drive-up units.
Amerco Real Estate Co.
On May 2, Amerco Real Estate Co. acquired a newly developed facility on 11.45 acres in Middleburg, Fla., from Inkana Development, an Alabama-based developer that sold the property through On Guard Middleburg LLC. The property, which was developed as StoreEase Self Storage but never operated under that name, was sold for $10.16 million. One day after the acquisition, U-Haul International opened U-Haul Moving & Storage at Black Creek. It offers climate-control and drive-up units.
U-Haul
U-Haul has acquired the former Assured Storage facility on approximately two acres in Decatur. Now U-Haul Storage of Decatur, the 246-unit property, which is operated remotely by U-Haul at Beltline, offers a mix of climate-controlled and drive-up storage.
Marcus & Millichap
Marcus & Millichap announced the sale of Affordable Mini Storage, a 126-unit facility on 2.55 acres in Refugio, Texas. Jon Danklefs, investment specialist with Marcus & Millichap, represented the seller in the exclusive listing. The buyer, Kingcrest Communities, was procured through Danklefs.
The Carlyle Group
The Carlyle Group is acquiring four NYC self-storage facilities—three in Brooklyn and one in Queens—in a $110M deal with a joint venture of SNL Holdings and Equity Resource Investments. The deal includes a Life Storage building, located at 87-16 121st in Queens, which traded for $50.3M—more than four times what the sellers paid when they acquired the facility for $11M in 2018.
U-Haul
On April 3, U-Haul acquired a former Life Storage facility on 5.93 acres in Webster, N.Y. U-Haul Moving & Storage of Webster’s high-tech security features secure a total of 640 units through one three-story building and nine single-story buildings.
Urban Heights Storage
Marcus & Millichap brokered the sale of Urban Heights Storage, a 54,095-square-foot facility in Urbandale, Iowa, to an anonymous buyer for an undisclosed price. The property, which was built in 2020, features 257 climate-controlled units, 95 drive-up units, 51 indoor units, and 28 parking spaces. George Kondracke, Brian Kelly, Brett Hatcher, Gabriel Coe, and Nathan Coe of Marcus & Millichap, in partnership with Brad Vander Linden of The Linden Co., represented the seller, a limited liability company.
CBRE
CBRE’s Self Storage Advisory Group represented the seller in the $4.5 million sale of a self-storage development site in Lehigh Acres, Fla. The private investor who acquired the 87,813-square-foot property plans to develop a facility with 971 climate-controlled units.
Wigwam Storage Management
Joint venture partners Wigwam Storage Management and Paloma Capital have acquired a 57,500-square-foot retail warehouse on a 3.5-acre site in Lincolnshire, U.K., from private clients of Eddisons. Operating under the name Wigwam Storage, the company, which currently operates sites in Worcestershire, Warwickshire, and Oxfordshire, is set to convert the site into a self-storage facility with drive-up and indoor units. It is projected to be completed this summer. Michael Johnson & Co facilitated the transaction on behalf of the joint venture partners.
Sheperd Storage
SVN Wilson Commercial Group arranged the sale of Sheperd Storage, a 12,000-square-foot facility on five acres in Bryan, Ohio. The sales price and buyer were undisclosed. The two-building property offers 98 units with four outdoor parking spaces. Ryan Mitchell of SVN Wilson Commercial Group represented the seller, Charles Sheperd.
StorageMart
StorageMart has acquired two new self-storage facilities: a 37,475-net-rentable-square-IPC Alternative Real Estate Income Trust, Inc.
IPC Alternative Real Estate Income Trust, Inc., recently announced that its operating partnership, IPC Alternative Real Estate Operating Partnership, LP, has closed on the acquisition of four self-storage facilities. Two are in the Atlanta metropolitan area and two are in Montgomery, Ala. In total, the four properties comprise 2,275 units, including 1,810 climate-controlled units, covering 250,610 square feet. The Operating Partnership acquired the properties through the acquisition of 100 percent of the beneficial interests in Self-Storage Portfolio V DST, sponsored by Oak Brook, Ill.-based Inland Private Capital Corporation. The aggregate purchase price was $25.5 million, less approximately $17.7 million in indebtedness secured by the properties.
SmartStop Self Storage REIT
SmartStop Self Storage REIT, Inc., has acquired an approximately 64,700-net-rentable-square-foot facility in Colorado Springs, Colo. It comprises 20 single-story buildings with approximately 450 drive-up units and 100 parking spaces. The facility also includes a two-story office with approximately 30 climate-controlled, single-tenant office suites.
Versal
Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented the seller, Sunbelt Storage II, in the sale of A&B Boat & RV Storage, a 121,328-net-rentable-square-Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan represented the seller in the sale of New Ulm Storage with two locations in New Ulm, Minn. The two facilities consist of 14,256 rentable square feet and drive-up 82 units. They also worked with the buyer, a local group seeking to expand its storage portfolio, to complete the transaction.
Franklin Street Self Storage
Franklin Street Self-Storage has closed the sale of two newly constructed facilities in Alabama: Local Storage of Saraland, a 29,300-net-renable-square-foot facility with 222 units, and Local Storage of Semmes, a 37,000-net-rentable-square-foot facility with 284 units. Franklin Street represented the seller, Anderson Construction, and the buyer, Twelvestone. Frank DeSalvo and David Perlleshi, senior directors at Franklin Street, led the transaction.
Lakewood Realty Investments, LLC
Lakewood Realty Investments LLC has purchased Spartan Storage, a 19,998-square-foot facility in Montgomery, Texas. Lakewood was represented by Versal in the sale of the 64-unit property, while Spartan was represented by Ryan Dooley of CRD Realty.
Liberty Bend Self Storage
Liberty Bend Self-Storage, a 482-unit, 60,050-square-foot, value-add facility within the Kansas City metro, has traded hands. Larry Goldman, CCIM, a broker with Argus Self Storage Advisors, represented the seller in the transaction. Located in Liberty, Mo., the facility is an established Russell Family Real Estate, LLC, and it sold to a local investment group that acquired the facility as the final leg in a 1031 Tax Deferred Exchange. The buyer plans to streamline management with updated systems and marketing channels.
NAI Pfefferie / EquiCap Commercial
Jonathan Glassco of NAI Pfefferle and Scott Rihm of EquiCap Commercial brokered the sale of a 135-unit facility in Highbridge, Wis. The sales price was undisclosed, but the asking price for the 31,040-square-foot property was $1.5 million. Buyer and seller information was not provided.
StorageMart
StorageMart has expanded its portfolio with the acquisitions of two facilities in Iowa and Virginia. The 66,675-square-foot Fredericksburg, Va., property includes 466 units, while the 52,595-rentable-square-foot Urbandale, Iowa, location offers 393 units. The facilities’ offerings include drive-up and climate-controlled storage as well as RV and boat spaces. Both properties will undergo site renovations and enhancements to align with StorageMart's exacting standards, including upgraded security measures, motion-sensitive LED lighting, and pavement repairs.
StorageVault Canada
StorageVault Canada, Inc., has completed the acquisition of one arm’s length storage asset for $10 million in Southwestern Ontario, Canada. The total purchase price of the acquisition, subject to customary adjustments, was paid with funds on hand.
Highlands Self Storage
Marcus & Millichap represented the seller in the sale of Highlands Self Storage, a 53,865-square-foot facility in Franklin, N.J. The property sold for an undisclosed price.
Kevin Bledsoe and Matthew Junkin, investment specialists in Marcus & Millichap's King of Prussia office, had the exclusive listing to market the property on behalf of the seller.
StoreEase
SkyView Advisors announced the sale of a 36,845-net-rentable-square-foot StoreEase facility on 4.55 acres in the Huntsville, Ala., metro area. The 310-unit facility is remotely operated.
Marcus & Millichap
Marcus & Millichap brokered the sale of Spring Cypress Self Storage, a 74,872-net-rentable-square-foot facility on 4.4 acres in Spring, Texas. The facility has 18 single-story buildings with a total of 251 units. A private investor sold the property to a limited liability company. Dave Knobler of Marcus & Millichap represented both sides in the transaction.
Prime Group Holdings
JLL Capital Markets represented the seller, Banner Real Estate Group in the sale of a three-story, 98,240-rentable-square-foot facility on 1.72 acres in Rocklin, Calif. Prime Group Holdings purchased Prime Storage for $20 million. The 993-unit facility features drive-up access, parking, security cameras, covered loading areas, dollies and carts, and climate-controlled units. JLL Senior Managing Director Brian Somoza led the Investment Sales and Advisory team for the transaction.
StorSafe Self Storage
StorSafe Self Storage, under the Elmdale Partners umbrella, has expanded its portfolio with the acquisition of a facility in Lexington, S.C. The 38,600-net-rentable-square-foot site, which has additional expansion potential, offers both climate-controlled and non-climate-controlled units as well as covered boat and RV parking. With this as its 28th acquisition, StorSafe’s portfolio now encompasses over 1.7 million square feet of storage space.
SecureSpace
SecureSpace has taken over a new storage facility in Rosemead, Calif. In addition to climate-controlled options, drive-up access, and state-of-the-art security measures, SecureSpace Self Storage Rosemead incorporates environmentally friendly practices and materials in its operations to minimize its environmental footprint. The highly accessible facility also provides extended access hours.
U-Haul
U-Haul has purchased two former Freedom Self Storage properties in Pueblo, Colo. U-Haul Moving & Storage of Pueblo West offers 269 units and 53 vehicle storage spaces. U-Haul Moving & Storage of University Park offers 215 units and 28 vehicle storage spaces. Plans call for the addition of warehouses at both properties for the storage of hundreds of portable U-Box containers.
In an unrelated transaction, U-Haul has acquired the Duke Mini Storage facility on 5.41 acres in Peoria, Ill. Now U-Haul Moving & Storage of East Peoria, the 58-unit site, which also offers 99 covered vehicle spaces, is remotely operated by U-Haul Moving & Storage of Morton.Access Self Storage
Marcus & Millichap brokered the sale of Access Self Storage, a 18,074-net-rentable-square-foot facility on less than one acre in Phillipsburg, N.J. The facility offers 322 climate-controlled units. Luke Dawley, Nathan Coe, Brett Hatcher, and Gabriel Coe of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and terms of the transaction were not disclosed.
Franklin Street Self Storage
The Franklin Street Self-Storage investment sales team led by Senior Directors Frank DeSalvo and David Perlleshi arranged the sale of West Huntersville Storage Center, a 35,218-net-rentable-square-foot facility near Charlotte, N.C. The facility offers climate-controlled units, dehumidified units, non-climate-controlled units, and outdoor vehicle parking. The sale also included a 2,000-square-foot pet shop and a cell tower. Franklin Street represented the seller, Long Creek Enterprises; the buyer is Canvass Capital.
Safe Storage USA
SkyView Advisors has closed on the sale of Safe Storage USA, a 28,720-net-rentable-square-foot facility on 1.57 acres in the Milwaukee, Wis., metro area. The property is comprised of five buildings and 143 units. It’s fully stabilized and operating at 99 percent occupancy.
Metro Self Storage
Talonvest Capital, Inc., along with their client Metro Self Storage, announced the successful closing of a $22.5 million financing for a four-property southeast portfolio with properties in Franklin, Tenn.; Riverview, Fla.; Orlando, Fla.; and Austell, Ga. The properties have a combined total of 2,382 units and 282,396 net rentable square feet. The non-recourse five-year loan, featuring a fixed rate and interest-only payments for the full term, was secured through a debt fund.
StorageTek
Dave Garvey of Coastal Land & Commercial Group represented the buyer, StorageTek, in the purchase of Bellamy Knox Self-Storage, a 111-unit facility on 2.97 acres in Dover, N.H., for approximately $1.24 million. The property, which consists of three buildings and 59 outdoor storage spaces, will be rebranded under the StorageTek brand. Planned improvements include LED site lighting, fencing, surveillance cameras, and new gate/access controls.
U-Haul
U-Haul recently purchased a 626-unit Storage Sense facility in Lee's Summit, Mo. The 2.54-acre property, now U-Haul Storage of Lee's Summit, is the first U-Haul-owned and -operated facility in Lee’s Summit.
StorSafe Self Storage
StorSafe Self Storage, a subsidiary of Elmdale Partners, has acquired two facilities, one in Cedar Lake, Ind., and one in Melbourne, Fla. Both properties will offer state-of-the-art security and climate-controlled units to accommodate growing populations and rising demand for self-storage in the two areas. The company’s portfolio now has 29 facilities encompassing over 1.7 million square feet across Florida, Illinois, Indiana, North Carolina, Ohio, and Wisconsin.
Marcus & Millichap
Marcus & Millichap brokered the sale of Finger Lakes Self Storage, a 354-unit facility in Waterloo, N.Y. The facility, which was built in 2014, also offers 24 covered parking spaces and total of 58,250 net rentable square feet of storage space. Nathan Coe, Brett Hatcher, Gabriel Coe, and Luke Dawley of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity.
U-Haul
U-Haul has purchased the former Winchester Storage facility on 10.81 acres in Sedalia, Mo. Now known as U-Haul Moving & Storage of Sedalia, the facility offers 15 drive-up buildings with a total of 607 units, as well as 13 enclosed RV parking spaces and 42 outdoor RV parking spaces.
U-Haul
After acquiring an approximately 2.6-acre property in Chattanooga, Tenn., U-Haul has announced plans to repurpose a 76,890-square-foot paper recycling center as a warehouse for hundreds of its U-Box portable moving containers.
U-Haul
U-Haul recently acquired an Advantage Storage facility on 6.62 acres in Hobbs, N.M. The 468-unit property, which is less than a mile from U-Haul Moving & Storage of Hobbs, has been renamed U-Haul Storage of East Hobbs. There are plans to add a U-Box storage warehouse on the property to store hundreds of portable moving containers.
Marcus & Millichap
Marcus & Millichap has announced the sale of a newly constructed, 503-unit facility in Birmingham, Ala. Ziff Real Estate Partners of Charleston, S.C., bought the property from Copper Storage Solutions for $7.85 million. Eddie Greenhalgh, Jake Payne and Lee Thornton, investment specialists in Marcus & Millichap’s Birmingham office, marketed the property, which had multiple out-of-state offers. Public Storage will manage the property.
Bancap Self Storage
Bancap Self Storage Group announced it brokered the sale of Stor-Mor Self Storage located on Valley Boulevard in the city of Rosemead, Los Angeles County, Southern California. The well-located, privately owned three-story storage facility operating at 95% occupancy in Los Angeles County has always been owner managed. Dean Keller, the firm’s president, was the exclusive listing agent and sole broker of the transaction. The seller was the partnership that originally entitled and developed the property in 1979. The buyer was a privately held national self storage owner/operator. The property has over 44,500 net square feet demised into approximately 660 indoor storage spaces, plus 85 outdoor vehicle storage spaces. "Buyers always say they would love to find an independently managed facility with excess land or vehicle storage on a major boulevard in LA or Orange County. This was one of those rare opportunities to buy that” said Dean Keller.
Newmark
Newmark has completed the sale of two Class-A facilities in the Hartford, Conn., MSA. The properties, which were purchased by a REIT, have a combined total of 141,795 net rentable square feet and 1,150 units. Newmark professionals Aaron Swerdlin, vice chairman; Kenneth Cox, vice chairman; and Taucha Hogue, executive managing director, along with Patrick Lemp of WHSA, LLC represented the seller, CT Self Stor of Connecticut.
Marcus & Millichap
Marcus & Millichap has brokered the sale of Empire Self Storage, a 71,350-square-foot facility in Traverse City, Mich. The sales price was undisclosed. The property, which was built in 2015, consists of 500 non-climate-controlled units. Approvals are in place to build an additional six buildings totaling 300 units. Brian Kelly, Brett Hatcher, Gabriel Coe, and Nathan Coe of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies.
Franklin Storage Advisors
Franklin Storage Advisors has announced the sale of a newly constructed, 58,280-square-foot, 364-unit facility in Goodrich, Mich. Franklin Storage Advisors negotiated favorable terms for the seller while the property was just beginning its lease-up. The facility, which sold for approximately $4.9 million, was built with an optional office space, remote access gate system, LED lighting, and a state-of-the-art security system.
Apple Self Storage
Apple Self Storage has acquired Melanson Road Mini Storage in Dieppe, N.B., Canada. The approximately 30,000-square-foot facility is located within the Moncton region, which was recently named the fastest-growing city in the country. It is equipped with 24-hour surveillance and secure access controls and will operate under the Apple Storage brand. Apple Self Storage now owns and operates roughly 60 percent of the storage in the area.
Cook Properties
Cook Properties has opened Village Woods Storage, a new, 20,760-square-foot facility in Spencerport, N.Y. Its 177 climate-controlled units range in size from 5-by-10 to 10-by-23, with a limited number of 9-by-20 and 10-by-20 units with drive-up access to accommodate a vehicle or boat.
SkyView Advisors
SkyView Advisors has announced the sale of a 34,470-net-rentable-square-foot self-storage portfolio across 3.26 acres in the Anniston-Oxford metro area of Jacksonville, Ala. The fully stabilized portfolio includes 14 building with a total of 305 units.
DXD Capital
DXD Capital, a private equity firm based in New Mexico, has acquired a seven-property Hill & Homes Self-Storage portfolio spread across Colorado’s western slope. A local private owner and developer sold the portfolio for an undisclosed price. Totaling 135,050 square feet, the portfolio features 922 units, all of which are managed from a central office. Thomas Parsons and Adam Schlosser of the LeClair-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the deal.
Marcus & Millichap
Marcus & Millichap arranged the sale of Lock & Key Storage, a 228-unit facility on 10.24 acres in Hillsboro, Texas. Danny Cunningham, Jon Danklefs, Brandon Karr, Dave Knobler, and Mixson Staffel, investment specialists with Marcus & Millichap, represented the seller in the exclusive listing and procured the buyer, a limited liability company with a substantial existing footprint in Central Texas.
SkyView Advisors
SkyView Advisors has closed on the sale of All Climate Control Storage, a 263-unit, 26,988-net-rentable-square-StorageMart
StorageMart has expanded its portfolio with the acquisition of a 643-unit facility in Davenport, Iowa. Formerly Peoples Mini Storage, the 72,750-square-foot facility be rebranded as StorageMart. It offers standard storage, drive-up storage, and climate-controlled storage. “This expansion in Davenport underscores our steadfast commitment to pioneering storage solutions,” says Alex Burnam, the SVP of Real Estate Acquisitions at StorageMart. “We are thrilled to introduce affordable and highly secure storage options to the Davenport community, addressing their diverse personal and professional storage needs.”
SkyView Advisors
SkyView Advisors has closed on the sale of Keep It U-Lock Storage, a 56,876-net-rentable-square-SecureSpace
SecureSpace has acquired Storco Self Storage, a 78,361-rentable-square-foot facility in Long Beach, Calif. The property, which offers 764 units and 64 parking spaces, has been rebranded as SecureSpace Long Beach Orange. SecureSpace now has six stores open and operating in the Los Angeles MSA, with another four under construction.
Versal
Versal arranged the sale of Stowaway Storage, a 34,626-net-rentable-square-Tango Development
Tango Development utilized an $11.7 million acquisition loan provided by Sovereign Bank to acquire an eight-property portfolio from private owners. The facilities, which were previously branded as Storage Bright, are in the Dallas/Ft. Worth market and have a combined total of 225,275 rentable square feet. They are now operated under the Overflow Garage brand and managed by Lone Star Realty Group. Senior Vice President Danny Cunningham and Senior Managing Director Brandon Karr with Marcus & Millichap represented the seller and secured the buyer.
Argus
Argus broker affiliate Jared Jones, CCIM, recently announced two unrelated sales in two separate transactions. Storage Near Me, a 102,625-rentable-square-foot facility in Kathleen, Ga., was sold by the original developer to AMERCO (U-HAUL). Dempewolf Mini Storage, a 36,355-rentable-square-foot, value-add facility in Ponca City, Okla., was sold by the original developer to a regional, private buyer.
Marcus & Millichap
Marcus & Millichap arranged the sale of a 3.2-acre parcel in Southwest San Antonio, Texas. Jon Danklefs, an investment specialist in the firm’s San Antonio office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Danklefs also procured the buyer, DD&B Construction, a limited liability company that’s planning to develop a self-storage facility on the site.
SecurCare Properties 1 LLC
SecurCare Properties 1 LLC has sold SecurCare Self Storage, a facility in Greensboro, N.C., to SROA 3730 W. Wendover NC, LLC, an affiliate of SROA Acquisitions LLC, for $4.06 million. It has been rebranded as Storage Rentals of America (SROA).
Andover Properties
Andover Properties has acquired an 88,703-rentable-square-foot facility in Norwood, N.J., from a private owner. The three-story, three-building property, which offers 840 units, now operates under the Storage King USA brand.
EquiCap Commercial
In December, EquiCap Commercial’s Jesse Luke, Scott Rihm, and Paul Robertson closed on six self-storage facility sales: Sunshine Storage, a 69,970-net-rentable-square-foot, 488-unit facility in Plaquemine, La.; StorSafe, a 25,800-square-foot, drive-up facility in Cary, Ill.; Amberstone Storage, a 296-unit facility in Manteno, Ill., with 20 container units and 119 parking spaces; Hazelhurst Storage, a 30-unit, 8,250-net-rentable-square-foot facility in Hazelhurst, Wis.; and Bos Creek Storage and Lake Tomahawk Storage, a two-property portfolio in Northern Wisconsin. Bos Creek Storage is a 45,960-net-rental-square-foot facility in Wausau with 197 units. Lake Tomahawk Storage is a 44,280-net-rentable-square-foot facility in Lake Tomahawk with 156 units.
Argus Self Storage Advisors
Argus Self Storage Advisors broker affiliate Jeff Gorden of Keller Williams Commercial represented the seller in the sale of Ourspace Storage in Wellton, Ariz. The 11,150-rentable-square-foot facility sold for approximately $1.05 million. It has 165 units.
Colliers
Colliers has arranged the sale of Abby’s Mini Storage, a 97,000-square-foot, 927-unit facility on seven acres in Bakersfield, Calif. The site includes 22 single-story buildings, an apartment, and a 1.1-acre yard for parking and U-Haul truck rentals. Tom de Jong and Jacob Becher of Colliers’ de Jong | Becher Self Storage Group represented the seller in the deal. Terms of the transaction were not released.
The Storage Acquisition Group
The Storage Acquisition Group (TSAG) has announced the sale of U-Lock Mini Storage, a climate-controlled facility in Burnaby, B.C. U-Lock offers 1,083 units and 68 parking spaces. The transaction was led by TSAG’s Lloyd McDonald, director of Canadian acquisitions.
Colliers
Colliers has arranged the sale of StorCo Self Storage, a nearly 80,000-square-foot facility on 7.5 acres in Long Beach, Calif. The property offers a total of 772 container, drive-up, and interior units; it also features 67 parking spaces, a billboard, a 3,100-square-foot commercial building, and an approximately two-acre industrial outdoor storage parcel occupied by Rain For Rent. Tom de Jong and Jacob Becher of Colliers’ de Jong | Becher Self Storage Group represented the seller, CREE Investment Co. The buyer and sales price were not disclosed.
The Storage Acquisition Group
The Storage Acquisition Group has announced the sale of Pinnacle Storage, a 60,158-square-foot, 561-unit facility on 1.54 acres in Winston-Salem, N.C. The transaction was managed by Jonathan Spencer and Scott Eckert of The Storage Acquisition Group.
Marcus & Millichap
The LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the sale of Hidden Island RV & Boat Storage, a facility in Fort Collins, Colo., with 32 indoor units and 148 outdoor parking spaces. Thomas Parsons and Adam Schlosser, storage investment specialists in the firm’s Denver office, had the exclusive listing to market the property on behalf of the seller, a local private owner. The buyer was an affiliate of Ivywild Capital.
StorSafe Self Storage
StorSafe Self Storage has acquired C&C Mini Storage, a 25,300-net-rentable-square-foot facility in the MSA of Charlotte, N.C. The single-story, value-add property offers 179 drive-up units.
Argus Self Storage Advisors
Argus Self Storage Advisors broker affiliate Jeff Gorden of The Gorden Companies/Keller Williams East Valley recently represented the seller in the sale of Valley Mini Storage, a 770-unit site on 1.14 acres in Phoenix, Ariz. The 61,300-rentable-square-foot facility sold for $11.1 million.
Marcus & Millichap
Marcus & Millichap arranged the sale of Lock & Key Storage, a 228-unit facility on 10.24 acres in Hillsboro, Texas. Investment specialists Danny Cunningham, Jon Danklefs, Brandon Karr, Dave Knobler, and Mixson Staffel represented the seller in the exclusive listing and procured the buyer, a limited liability company.
Ares Management
An affiliate of Ares Management has acquired a two-story facility on two acres in Kendall, Fla., for $20 million. The 100,588-square-foot facility was completed in 2019 and is currently leased to Storage King. According to public records, the seller, an affiliate of Snapbox Self Storage, paid $18 million for the property in 2021.
Marcus & Millichap
Marcus & Millichap arranged the sale of Big Blue Self Storage, a 47,325-square-foot facility in Frankfort, N.Y., that was built in 2009. The property, which features drive-up and interior units,a contractor space, outdoor parking, and space for future expansion, sold for an undisclosed price. Kevin Bledsoe, Matthew Junkin, and Andreas Makris had the exclusive listing to market the property on behalf of the seller, a limited liability company. They also procured the buyer, Moove In Self Storage.
Silver Star Properties REIT
Houston-based Silver Star Properties REIT, Inc., is acquiring two Class-A self-storage facilities in Houston, Texas, managed by Advantage Self Storage: Kirby, a 51,940-square-foot, three-story property, and Weslayan, a 63,186-square-foot, three-story property. “This acquisition reflects our commitment to acquiring institutional quality self-storage properties as directed by the board approved pivot plan and the commitment to protecting shareholder value through a 1031 exchange,” said Silver Star President and Co-CEO David Wheeler.
Prime Group Holdings, LLC
Prime Group Holdings, LLC has made its first Canadian self-storage acquisition. The 64,050-square-foot, single-story facility on approximately five acres in Sherwood Park, Alta., offers 54,677 rentable square feet, 472 units, and 22 parking spaces. It was previously operated under the Pockit Self Storage banner. Prime Group founder, principal, and CEO Robert Moser cited nearby Edmonton’s growing population, a lack of self-storage facilities, and “more residents and businesses experiencing meaningful life changes and business opportunities that are driving the need for high-quality storage options” as the reasons why the market became Prime Group’s entry pointinto Canada.
StorageMart
StorageMart has expanded its portfolio with the acquisitions of self-storage properties in Crystal and North Saint Paul, Minn. The facilities, which will be updated to align with StorageMart’s brand standards, offer a combined total of more than 1,564 units and 159,282rentable square feet of climate-controlled storage. "Our expansion in Minnesota reflects our commitment to pioneering storage solutions,”
says Alex Burnam, senior vice president of acquisitions at StorageMart. “We are thrilled to offer affordable and highly secure storage options to the greater Saint Paul communities, addressing their diverse personal and professional storage needs.”
Marcus & Millichap
Marcus & Millichap has closed the sale of Storage Source One, a two-property portfolio with 50,965 square feet in Jonesborough, Tenn. The facilities have a combined total of 429 units and RV parking spaces and allow for future expansion. Brian Kelly, Brett R. Hatcher, Gabriel Coe, and Nathan Coe, investment specialists in the firm’s Columbus, Ohio, office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Tom Flannigan, Alex Ihrke, Nathan Gottlieb, and Matt Haugen have announced the sale of Oronoco Self Storage, a 38,074-rentable-square-foot facility in Oronoco, Minn. It offers drive-up units and is equipped with 24-hour cameras, a fence, and gate system. The Argus team listed the property, which includes room to build three additional buildings, on behalf of the seller and procured the buyer.
Public Storage
Public Storage has acquired Riverton Self Storage, a 43,300-square-foot facility on 2.4 acres in Riverton, Utah. A private owner sold the Class-B, 300-unit asset, which previously traded in 2020. First Vice President of Investments Jordan Farrer and Senior Managing Director Adam Schlosser with The LeClaire-Schlosser Group of MaStorageVault Canada Inc.
StorageVault Canada Inc. has completed the acquisition of two of the stores announced on Nov. 6, 2023, for an aggregate purchase price of approximately $49.1 million. One of the of the acquisitions is arm’s length and one is a related party acquisition with Access Self Storage Inc. as the vendor. The aggregate purchase price of the acquisitions, subject to customary adjustments, was paid with mortgage financing and funds on hand.
StorSafe Self Storage
StorSafe Self Storage has acquired C&C Mini Storage, a single-story, value-add facility in the Charlotte, N.C., MSA. Now branded as StorSafe of China Grove, it has 179 drive-up units and 25,300 net rentable square feet.
Midcoast Properties, Inc.
Michael Morrison of Midcoast Properties, Inc. represented the seller in the sale of Capstone Self Storage, an 84-unit, 11,950-rentable-square-foot facility on 2.1 acres in Sumter, S.C. It was sold to an out-of-state buyer.
SkyView Advisors
SkyView Advisors recently announced the sale of StoneStreet Road Storage, a two-story, 66,125-net-rentable-square-foot facility on 6.27 acres in the metro area of Louisville, Ky. The asset has 434 units.
Marcus & Millichap
Marcus & Millichap’s Jon Danklefs, investment specialist in the firm’s San Antonio office, represented the seller of Apache Self Storage in an off-market transaction. The 303-unit facility in Gonzales, Texas, offers climate-controlled features as well as 24 container units and 19 parking spaces. Danklefs also secured the buyer, a limited liability company.
Marcus & Millichap
Marcus & Millichap arranged the sale of Lititz Springs Self-Storage, an 80,000-square-foot facility in Lititz, Pa. Kevin Bledsoe and Matthew Junkin, investment specialists in Marcus & Millichap’s King of Prussia office, had the exclusive listing to market the property on behalf of the seller. They also procured the buyer, Valley Storage. Lititz Springs Self-Storage was developed in two phases. Phase 1 includes 26,875 NRSF; Phase 2 has been approved and permitted for two buildings that have a combined 48,000 GSF. The project will include interior and drive-up climate-controlled units as well as 16-by-50 drive-up climate-controlled units for RVs, boats, or contractors.
Boardwalk Development Group
Boardwalk Development Group, the manager for Boardwalk Storage-Sawnee LLC, has acquired a non-climate-controlled facility with boat and RV parking on a 7.5-acre site in Cumming, Ga., for redevelopment. The property is on GA Highway 20, which is being expanded from two lanes to six lanes. The company plans to subdivide the 7.5 acres into parcels; the 2.5-acre site will become a 160,000-square-foot, multistory, climate-controlled self-storage building.
Hidden Island RV & Boat Storage
Hidden Island RV & Boat Storage in Fort Collins, Colo., has changed hands. HHH Holdings LLC sold the 180-space facility, which includes 32 enclosed units, to Hidden Island LLC, a new company affiliated with Store Zero LLC, for $1.26 million.
Moove In Self Storage
Moove In Self Storage has acquired a 10-building facility on a seven-acre site in Frankfort, N.Y. “This property is a very exciting one for us,” said Shaun Lewy, vice president of operations. “Located within seven miles to Mohawk Valley Community College, Utica University, and a satellite of Mohawk Valley Health System, this community is filled with opportunities.”
Midcoast Properties
Michael Morrison, a lead broker of Midcoast Properties, Inc., represented the seller in the sale of A-Z Storage, a 27,900-rentable-square-foot facility in Danielsville, Ga. A-Z Storage offers 211 drive-up and climate-controlled units.
Marcus & Millichap
Jeffrey L. Herrmann, first vice president, and Sean M. Delaney, senior managing director, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market Lake Avenue Lock-Up on behalf of the seller, a limited liability company. The duo also secured and represented the buyer, a limited liability company, in the sale of the 45,250-square-foot facility in Wilmette, Ill.
Marcus & Millichap/Storage Masters
Marcus & Millichap closed the sale of the two-property Storage Masters portfolio in Crestwood, Ky. Combined, the two facilities feature 527 non-climate-controlled units, 28 climate-controlled units, and a total of 86,370 net rentable square feet. Gabriel Coe, Brett Hatcher, and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Marcus & Millichap/StorQuest
Marcus & Millichap arranged the sale of a StorQuest-managed facility in Aurora, Colo., with 261 climate-controlled units and 353 non-climate-controlled units. A local private equity group sold the 79,605-square-foot, multistory asset to an out-of-state firm for an undisclosed price.
Adam Schlosser and Charles LeClaire of Marcus & Millichap’s Denver office represented the seller and procured the buyer in the deal.
SecureSpace
SecureSpace has acquired a recently built property in Blue Bell, Pa., that was previously managed by SecureSpace on behalf of the seller. SecureSpace Blue Bell is a three-story, 78,097-square-foot facility of climate-controlled and drive-up units within an affluent suburb of Philadelphia.
“The closest competitor to SecureSpace Blue Bell is 3.5 miles away, and the long-term supply picture for the area is compelling,” says SecureSpace’s Managing Director Nathan McElmurry. “We worked directly with the seller on this one since early construction, allowing us to influence the design and layout to our standards. Upon opening in the fall of 2022, our ops team began third-party managing the store, so we already know the property and the market well. We’re excited to now own it and expand our footprint in Pennsylvania.”
Andover Properties
Andover Properties has purchased Barefoot Mini Storage, a 511-unit, 51,091-net-rentable-square-foot facility on 5.34 acres in Micco, Fla., for $6.85 million. It is comprised of drive-up units, interior climate-controlled units, and outdoor parking. CBRE’s Self Storage Advisory Group represented the seller, a private investor, and generated 17 offers for the property from interested sellers.
Rosewood Property Company
Rosewood Property Company has acquired three self-storage properties in various Southwest cities: a 120,000-square-foot facility in Vista, Calif.; a 62,000-square-foot facility in Tempe, Ariz.; and a 37,000-square-foot facility in Las Vegas, Nev. Extra Space Storage will serve as the management company for the Vista and Tempe properties, while CubeSmart will assume management of the Las Vegas site. These acquisitions bring the company’s total to 82 self-storage facilities and 6.4 million square feet across 25 states.
SkyView Advisors
SkyView Advisors has closed on the sale of Weeki Wachee Storage Center, a 42,600-net-rentable-square-Marcus & Millichap
The Hatcher Coe Group of Marcus & Millichap has closed on the sale of a two-property Storage Masters portfolio in Crestwood, Ky. The facilities, which are located approximately one mile apart within an affluent market of the growing Louisville MSA, have a combined total of 86,370 net rentable square feet and 555 units. Both facilities benefit from traffic counts of more than 11,000 cars per day and street frontage.
Moove-In Self Storage
Moove In Self Storage has acquired a stabilized facility on 11 acres in Pennsburg, Pa. Situated on Geryville Pike, the property features 1,000 feet of frontage along PA Route 663; approximately 12,000 vehicles pass the site daily.
“We are excited about this opportunity and the possibilities it brings to the Moove In Self Storage portfolio,” said Shaun Lewy, vice president of operations. “This property is extremely well-located and has an untapped market and endless opportunities for growth as the eastern part of Pennsylvania continues to grow and thrive.”
Centerton Self Storage
Centerton Self Storage, a 42,089-rentable-square-foot facility on a four-acre site in Centerton, Ark., has been sold for $3.5 million. It includes 313 units and 48 rentable parking spaces. AMR REIT of Dallas bought from J. Richard Murphy Jr., John Goodson, and 2 Under LLC. Arvest Bank backed the deal with a five-year loan worth $2.2 million. The facility, which was built in 2003, was 91 percent occupied at the time of the sale.
Strategic Storage Growth Trust III, Inc.
Strategic Storage Growth Trust III, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has acquired a 69,000-net-rentable-quare-foot facility in Tamarac, Fla. It features a five-story building with approximately 760 climate-controlled units.
SSGT III CIO Wayne Johnson says, “The addition of this Class-A property presents a remarkable opportunity for SSGT III to expand its position into the Miami-Fort Lauderdale-Pompano market while offering innovative storage solutions to our customers and providing value to our stockholders.”
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan listed and sold two Madison Southside Storage locations in Madison, Minn. The facilities, which total 13,940 rentable square feet and 77 drive-up units, sold for $418,200 to a local operator. They listed the facilities on behalf of the seller and worked to source the buyer. In an unrelated transaction, the quartet also arranged the sale of StoreYour Self Storage, a 26,812-rentable-square-foot facility in Delano, Minn. The 3.2-acre property also offers 11,400 square feet of leased commercial industrial space. It was sold to a local owner.
Marcus & Millichap
The Travis Group of Marcus & Millichap has closed on the sale of Lakewood Ranch RV & Boat Storage, a 270-unit facility on 4.68 acres in Bradenton, Fla. The asset sold for $4.7 million to an undisclosed buyer.
Lindsey Self Storage
Lindsey Self Storage has announced the sale of a six-acre development site in Kings Mountain, N.C. The property was sold to a private buyer for an undisclosed price.
Shurgard
Shurgard, the largest developer, owner, and operator of self-storage facilities in Europe, has acquired a portfolio of five Top Box self-storage facilities and two development assets in Germany. Existing facilities are in Essen, Duisburg, Cologne, Wiesbaden, and Mannheim. The transaction will add a combined total of 32,800 net square meters (approximately 353,000 square feet) to Shurgard’s portfolio and increase its presence in Germany to 30 properties. The purchase price of the acquisition is € 69.2 million (approximately $73.5 million USD).
Shurgard’s CEO Marc Oursin said, “We are excited to announce this new acquisition, a steppingstone for our German expansion. This acquisition will perfectly extend our services and footprint in Germany. It demonstrates the continued execution of our external growth platform, which includes acquisitions, development, and redevelopment in capital and primary cities of our seven countries.”
Marcus & Millichap
Marcus & Millichap’s Eddie Greenhalgh, senior director of the firm’s self-storage division, and Jake Payne and Lee Thornton, both of the Greenhalgh Storage Group, represented the seller and sourced the buyer in the sale of 1,655 units in North Alabama. The buyer and the seller are private, limited liability companies.
“We continue to assist self-storage investors from around the country in placing capital in markets like Alabama where returns and upside are favorable,” said Greenhalgh. “With this acquisition, the out-of-area buyer expanded their self-storage presence in a growing market in the Southeastern United States.”
“The transaction demonstrates continued demand for self-storage assets throughout the Sunbelt states, despite current challenging market conditions,” said Payne. “The acquisition provides our buyer with significant upside to be gained through competitive rate management and maximizing economies of scale,” added Thornton.
Rosewood Property Company
Rosewood Property Company has acquired a 70,000-square-foot, 746-unit, climate-controlled facility in Tucson, Ariz. The property, which will be managed by Extra Space Storage, is Rosewood’s 80th self-storage facility across the nation and its second in Tucson.
Midcoast Properties, Inc.
Midcoast Properties, Inc.’s leading self-storage broker Michael Morrison represented the seller in the sale of Philema Self Storage, a two-property portfolio in Leesburg, Ga., with a combined total of 362 units and 57,280 rentable square feet The facility was sold to a regional buyer.
U-Haul
U-Haul® has purchased a 294-unit facility on 3.07 acres in Round Rock, Texas. Now U-Haul Storage of Chisholm Valley, the facility will be managed remotely by the existing U-Haul store on the same avenue. A U-Box® storage warehouse will be added to the property to store several hundred portable moving containers.
Weaver Realty Group
Weaver Realty Group, an affiliate of Argus Self Storage Advisors, has announced four recent sales: a 1.7-acre development site in Englewood, Fla., that is entitled for 90,000 rentable square feet of storage; a 0.5-acre, The Lock Up development site in Tampa, Fla., that is entitled for 63,525 rentable square feet of storage; St. Johns Big Toy Lockers, a 38,330-rentable-square-foot facility on 7.5 acres in DeLand, Fla.; and Kingsland Keeps Storage, a 40,150-rentable-square-foot facility on 6.39 acres in Kingsland, Ga.
Storage Ninjas
Storage Ninjas has acquired Triple 7 Storage in conjunction with Upper Space Group, a New York-based self-storage development company. The approximately 81,000-square-foot facility in Oglesby, Ill., now known as Bon Voyage Storage, offers enclosed, covered, and uncovered storage for boats and RVs. Storage Ninjas has taken over management of the facility.
Prime Group Holdings, LLC
Prime Group Holdings, LLC has acquired four self-storage properties in Florida, New York, and North Carolina. The properties, which were acquired in four separate off-market transactions through the firm’s third flagship fund, Prime Storage Fund III, LP, have a combined total of approximately 362,000 rentable square feet and 3,540 units. The portfolio includes a 50,800-rentable-square-foot, multi-story facility in Shirley, N.Y.; a three-building, 108,900-rentable-square-foot facility in Gastonia, N.C.; a two-building, 113,701-rentable-square-foot facility in Nanuet, N.Y.; and a two-building, 88,700-rentable-square-foot facility in Temple Terrace, Fla. The climate-controlled properties will be managed by Prime Group and operated under the Prime Storage brand. The acquisitions follow Prime Group’s recent successful closing of its third and largest self-storage fund, Prime Storage Fund III LP, at the fund’s hard cap of $2.5 billion.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliate Rob Schick represented the seller in the sale of a 315-unit, 41,690-rentable-square-foot facility in Lafayette, Ind., managed by CubeSmart Self Storage. The transaction included expansion land that would enable an additional 45,000 square foot of storage to be built.
Hatcher Coe Group
The Hatcher Coe Group of Marcus & Millichap has closed on the sale of Round Rock Self Storage, a 29,747-net-rentable-square-foot facility in Round Rock, Texas, within the Austin MSA. It has 295 units and 66 parking spaces.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliate Ken Miller of Northstate Commercial Partners has announced the sale of Weed Mini-Storage, a 90-unit, 13,400-rentable-square-foot facility on 1.7 acres in Weed, Calif.
Oakside Co.
Oakside Co.’s team and president Cameron Vale have closed a deal for the Terrace Storage Center, an 88,127-net-rentable-square foot facility in Tampa, Fla. A national private equity company purchased the asset for an undisclosed price from a private regional developer.
SkyView Advisors
SkyView Advisors announced the closing of Long Beach Storage Center, a 22,625-net-renatable-square-foot, two-story, 384-unit facility in Long Beach, Calif. It is situated on 1.03 acres within the Los Angeles metropolitan area, which has 3.96 net rentable square feet per capita within the three-mile radius. Senior Associate Andrew Sacks and Executive Vice President Richard Riddle represented the sellers in the transaction.
Safeguard Self Storage
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Safeguard Self Storage has acquired a Certificate of Occupancy property at 130-02 South Conduit Avenue in the Howard Beach/JFK area of Queens, N.Y. Triangle Equities developed the property, a two-unit condominium, one of which exclusively houses a 117,000-net-rentable-square-foot, 1,223-unit, climate-controlled storage facility. The transaction was brokered by Joseph Berretta of Metro Net Realty. This is Safeguard’s seventh location in Queens.
Marcus & Millichap
Marcus & Millichap’s Bledsoe Self Storage Group closed on the sale of a permitted and approved 45,750-net-rentable-square-foot self-storage development in Halifax, Pa. The site experiences drive-by traffic of 7,800 vehicles per day on Route 147 and has 1.1 square foot of self-storage per capita in a five-mile radius.
Turnbull Equity
In late-July, Turnbull Equity closed on a four-facility self-storage portfolio in Crescent City, Calif., for $15 million. The portfolio consists of 961 units, 148,267 NRSF, and 34 boat/RV spaces.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliate Ken Miller of Northstate Commercial Partners announced the sale of Weed Mini-Storage, a 90-unit, 13,400-rentable-square-foot facility in Weed, Calif.
Marcus & Millichap
On July 31, Marcus & Millichap announced the sale of Access Mini Storage, a 496-unit, 96,715-rentable-square-foot property in Zeeland, Mich. Senior Managing Director Sean M. Delaney, an investment specialist in the firm’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Delaney.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Tom Flannigan, Alex Ihrke, Matt Haugen, and Nathan Gottlieb announced the sale of the six-property HB Mini Storage portfolio with locations in Alexandria, Willmar, and Redwood Falls, Minn. The portfolio consists of 1,463 units and 266,602 rentable square feet of drive-up storage. Flannigan and his team listed the property on behalf of the seller and worked to procure the buyer, a local group with a growing presence in the secondary markets of Minnesota.
The LeClaire-Schlosser Group
On Aug. 21, The LeClaire-Schlosser Group of Marcus & Millichap announced the sale of StoreEase Capshaw Road, a 59,150-square-foot facility in Huntsville, Ala. Ian Lindahl, Adam Schlosser, and Chico LeClaire, storage investment specialists in Marcus & Millichap’s Denver office, along with Eddie Greenhalgh in the firm’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, StoreEase. The buyer was Reliant Real Estate Management, who operates under Midgard Self Storage.
Midcoast Properties
Michael Morrison, leading self-storage broker of Midcoast Properties, Inc., represented the seller in the sale of two Philema Self Storage sites in Leesburg, Ga. The locations, which are located across the street from each other and have a combined total of 362 units, were purchased by a regional buyer.
Spartan Investment Group
On Aug. 24, Spartan Investment Group announced the sale of its two-property Front Range portfolio of FreeUp Storage Devonshire Blvd. in Denver, Colo., and FreeUp Storage Aspen Park in Conifer, Colo. As a result of the sale of the portfolio, Spartan’s first tranche of investors experienced 19.5 percent CoCR, 65.2 percent total CoCR, a return of $82,603 on every $50,000 invested, and an IRR of 18.2 percent.
Marcus & Millichap
The Hatcher Coe Group of Marcus & Millichap closed on the sale of AAA Platte Self Storage, a 215,908-net-rentable-square-foot facility in Colorado Springs, Colo., with 539 climate-controlled units, 303 parking spaces, 13 office spaces, and six commercial spaces.
Marcus & Millichap
Jon Danklefs, first vice president of investments in Marcus & Millichap’s San Antonio office, had the exclusive listing to market Affordable Mini Storage on behalf of the seller, a limited liability company. The limited liability company that purchased the 63-unit facility in Rockport, Texas, was secured and represented by Sean M. Delaney, senior managing director investments in the firm’s Chicago Oak Brook office.
Marcus & Millichap
The Hatcher Coe Group of Marcus & Millichap arranged the sale of a 57,840-net-rentable-square-foot facility in Merrimack, N.H. The Class-A asset, managed by Life Storage, offers 448 units and 23 parking spaces.
SkyView Advisors
SkyView Advisors concluded the sale of the 3 Men Movers, a 78,372-net-rentable-square-foot, 591-unit facility in Houston, Texas. Multiple buildings within the facility can be repurposed into storage units, projecting an additional 81,000 net rentable square feet. SkyView Advisors brought an institutional buyer and local seller together to facilitate the sale.
City Line Capital
During the first half of 2023, City Line Capital acquired 18 self-storage facilities. The acquisitions increased City Line Capital’s portfolio to a total of 253 self-storage facilities and more than 15 million square feet across 29 states. The firm plans to further expand its portfolio by acquiring 20 more facilities in the second half of 2023.
Lindsey Storage Group
Lindsey Self Storage Group represented the private buyer in the sale of B&C Mini Storage, a 17,340-net-rentable-square-foot facility in Raeford, N.C. The asset sold for an undisclosed price.
StorageMart
The Hatcher Coe Group of Marcus & Millichap recently closed on the sale of a 34,980-net-rentable-square-foot StorageMart facility in Salina, Kan. It was sold to an out-of-state buyer.
HPI Real Estate
HPI Real Estate recently acquired a newly built self-storage facility in Apopka, Fla., at Certificate of Occupancy. It has 729 units and 67,850 rentable square feet. Extra Space Storage will manage the property.
SecureSpace
SecureSpace has purchased Northlynn Mini-Storage, a 57,700-net-rentable-square-foot facility in the Lynnwood area of Seattle, Wash. It will be renamed SecureSpace Self Storage Lynnwood.
Buchanan Street
Buchanan Street purchased two facilities in Cave Creek, Ariz., and Mesa, Ariz., for $41 million. They have a combined total of 160,500 rentable square feet and 1,620 units. CBRE’s Nick Walker and Walter Brauer arranged the sale.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan represented the seller and procured the buyer in the sale of Osceola Self Storage, a 6,864-rentable-square-foot facility in Osceola, Iowa.
StorageMart
StorageMart has expanded its footprint in Caldwell, Idaho, by acquiring two storage facilities with a combined total of 131,686 net rentable square feet.
Marcus & Millichap
The Hatcher Coe Group of Marcus & Millichap closed on the sale of Community Square Storage, a three-story, 53,462-square-foot facility in Lakeville, Mass., with 496 units.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Alex Ihrke, Matt Haugen, and Tom Flannigan listed Olson Mini Storage in Keewatin, Minn., on behalf of the seller. The team also procured the buyer, a local operator, for the sale of the 9,640-rentable-square-foot property. The facility sits on 1.68 acres and is primed for expansion.
CBRE’s Self Storage Advisory Group
CBRE’s Self Storage Advisory Group represented the seller, Schrimsher Properties, in the sale of Windermere Storage, an 89,145-square-foot facility in Orlando, Fla. Wentworth Properties purchased the two-story, 609-unit asset for $23.1 million.
Argus Self Storage Advisors
Argus Self Storage Advisors’ broker affiliates Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan of Area Commercial Real Estate Services represented the seller and worked to procure the buyer in the sale of Davenport Storage Center in Davenport, Iowa. The facility consists of 22,780 rentable square feet, 108 drive-up units, portable container units, and an on-site apartment.
Safeguard Self Storage
Safeguard Self Storage has acquired a new, 132,000-square-foot, 1,252-unit facility in Yonkers, N.Y.
Argus Self Storage Advisors
Rob Schick of Argus Self Storage Advisors represented the seller in the sale of Adkins Storage, a 152-unit, 19,450-square-foot facility in Dillsboro, Ind. The site has approximately one acre of expansion land.
Kangaroo Storage
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Jordan Farrer, vice president of investments, and Adam Schlosser, senior managing director, both with The LeClaire-Schlosser Group of Marcus & Millichap, represented the seller, a local development group, in the sale of Kangaroo Storage, a 49,830-square-foot facility in St. George, Utah. Marcus & Millichap also procured the buyer.
Lindsey Self Storage Group
Lindsey Self Storage Group has announced the sale of 59,675-net-rentable-square-foot self-storage facility in Spartanburg, S.C., that was managed by CubeSmart. The asset sold to a private buyer at an undisclosed price.
Libertas Obsido LLC
Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented the seller, an Austin-based entity doing business as Libertas Obsido LLC, and procured the undisclosed Miami-based buyer in the sale of Stash N Go Storage, an urban infill facility near downtown Austin, Texas. This was the second time that Versal Partners sold the 14,150-net-rentable-square-foot, 100-unit facility.
SkyView Advisors
SkyView Advisors brokered the sale of Box Turtle Boat, RV and Storage, a 36,720-net-rentable-sqaure-foot facility on 4.47 acres in Alachua and Gainesville, Fla. The asset has a total of 160 units and 73 uncovered parking spaces.
SkyView Advisors
SkyView Advisors closed on the three-property Bogart & Watkinsville Storage portfolio, which includes facilities in Athens, Ga., and Athens-Clarke County, Ga. Operating as Rhino Mini Storage, the portfolio has a combined total of 149,275 net rentable square feet and 1,153 units across 11.33 acres.
Dahn Corp.
Dahn Corp. has purchased Riverside Self Storage LLC, a 316-unit, 40,300-net-rentable-square-foot facility in Vero Beach, Fla., for $9.5 million. CBRE represented the seller.
Versal
Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented the Houston-based seller in the sale of Spicewood Super Storage, a 222-unit, 83,150-net-rentable-square-foot RV and boat storage facility in Spicewood, Texas. The team also found the buyer, Hinze Capital LLC of Dallas.
Marcus & Millichap
Marcus & Millichap’s Luke Dawley, Nathan Coe, Brett Hatcher, and Gabriel Coe represented the undisclosed seller in the sale of Farmington Self Storage, a 7,647-net-rentable-square-foot, 35-unit facility on 3.3 acres near the border of New Hampshire and Maine. The undisclosed buyer plans to expand the facility by approximately 14,000 net rentable square feet.
Lok Safe Storage
Limited liability companies led by Arkansas-based businessmen Patrick Byrd and Alex Baumeister purchased an 11-property Lok Safe Storage portfolio in Green Bay, Wis., for $34.2 million. The portfolio spans a total of 475,141 square feet. Butch Gurgunas, president and co-founder of Focus Commercial Real Estate, represented the buyers in the transaction. Marcus & Millichap closed the sale.
SkyView Advisors
SkyView Advisors recently completed the sale of a 67,000-net-rentable-square-foot, 554-unit facility in the Colorado Springs market.
Marcus & Millichap
The Hatcher Coe Group of Marcus & Millichap recently closed on the sale of Andover Street Self Storage, a 76,396-net-rentable-square-foot facility in Peabody, Mass. The 1,106-unit property opened in February of this year.
StorSafe
StorSafe acquired Coleman Storage in Wildwood, Fla., for $8.8 million. The facility, which has the potential to add 63,925 rentable square feet, was previously owned by Coleman Commercial LLC.
Merit Hill Capital
Merit Hill Capital purchased a 46,265-square-foot, 454-unit property in Tacoma, Wash., for $7.1 million. Colliers’ de Jong | Becher Self Storage team of Jacob Becher, Nate Fliflet, Dana Chobor, and Tom de Jong represented the seller, Hosmer Self Storage LLC. Colliers brokered the sale of a self-storage property located at 8233 S. Hosmer in Tacoma. The price was not disclosed.
Spartan Investment Group
Spartan Investment Group has acquired Max Storage in Macon, Ga. The 515-unit, 66,705-net-rentable-square-foot property will be rebranded as FreeUp Storage Macon Drive. Also part of the facility is a warehouse totaling 13,800 square feet, which Spartan plans to lease.
Marcus & Millichap
Marcus & Millichap assisted with the $6 million sale of Mountain View RV & Mini Storage, a 358-unit, 49,675-square-foot facility in Madras, Ore. Christopher Secreto and Samuel Olson from the firm’s Seattle office had the listing and represented the buyer. David Tabata, regional manager of the Portland office, helped with the transaction.
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services’ Austin McLeod, vice president, and Hunter Reynolds, associate, handled the sale of five facilities in Knoxville, Tenn., totaling more than 1,500 units and more than 230,000 rentable square feet. The properties included Mabry Hood Mini Warehouses, Campbell Station Mini Warehouses, Lovell Road Mini Warehouses, Downtown West Mini Warehouses, and Middlebrook / Weisgarber Mini Warehouses.
Marcus & Millichap
Danny Cunningham and Brandon Kerr of Marcus & Millichap represented the seller, a private investor based in Dallas, in the sale of Valor Storage, a 180-unit, 20,400-net-rentable-square-foot facility in West Tawakoni, Texas. The duo also found the Austin-based buyer.
Lindsey Self Storage Group
Lindsey Self Storage Group announced the sale of All In Storage, a Class-A facility in Greensboro, N.C. The property sold to a private buyer at an undisclosed price.
LeClaire-Schlosser Group
The LeClaire-Schlosser Group of Marcus & Millichap has announced the sale of AA Storage, a 49,539-net-rentable-square-foot facility in Houston, Texas. Dave Knobler, senior managing director investments in the firm’s Houston office, and Charles "Chico" LeClaire, executive managing director investments in the Denver office, had the exclusive listing to market the property on behalf of the seller. The duo also secured the buyer.