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.
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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.
Community Square Storage
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.
Farmington Self Storage
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.
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.
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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.
Farmington Self Storage
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.
