Sales & Acquisitions

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-foot facility in Cleburne, Texas. It offers 224 units. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity.

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-foot facility in Jacksonville, Fla. It will be rebranded as ClearHome Self Storage – Firestone Road. VanWest plans to add 28,800 net rentable square feet and 176 units to the Class-A, multistory property.

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-foot facility in Greenwood, Ind., and a 42,200-square-foot facility in Columbia, Mo. The Greenwood location offers 238 drive-up units, indoor vehicle parking, gated PIN pad access, and other convenient features, while the Columbia location offers 312 drive-up units and parking spaces for vehicle storage. Both facilities will undergo enhancements to align with StorageMart standards. 

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-foot, 279-unit facility about 14 miles from downtown Houston, Texas. The team also procured the buyer, RecNation.

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-foot facility on 1.98 acres in the Auburn-Columbus, Ala.-Ga., metro area.

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-foot facility on 9.3 acres in the Chicago-Naperville-Elgin, Ill.-Ind., metro area. The property has nine single-story buildings and a total of 340 units. The buyer, seller, and sales price were not disclosed.

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-foot facility in Rockport, Texas, with 309 units. Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne of Versal represented the seller, Texas-based investment firm Curren Cos. Inc., and procured the undisclosed, Texas-based private buyer. 

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 point
into 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 159,282
rentable 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 Marcus & Millichap represented the seller and procured the buyer.

StorageVault 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-foot facility on 3.74 acres in the Tampa Bay, Fla., metro area. The 429-unit property is located in a high-barrier-to-entry market with a supply of 3.89 NRSF per capita in the five-mile radius.

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
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

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 WarehousesCampbell Station Mini WarehousesLovell Road Mini WarehousesDowntown 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.