StorageMart added two new self-storage properties to its portfolio, including one in its hometown of Columbia, MO. The facility is located at 1500 Creekwood Parkway. It covers 42,200 NRSF, holds 312 units and has car parking. The other facility is located in...
Houston-based Lakewood Realty Investments LLC purchased Spartan Storage, a facility in Montgomery, Texas. The property features 64 units and a total of 19,998 square feet. The facility is located 43 miles from downtown Houston. Lakewood was represented by Versal,...
Andover Properties purchased Storage King USA on Dec. 5. The latter is located at 13397 Camino Real in Niederwald, TX. It has 68,400 square feet of drive-up storage and covered RV spaces. Andover plans to expand the facility by 100,000 square feet. Source: Community...
W.P. Carey is selling 78-facilities to U-Haul affiliates for a total of $465 million. The publicly traded REIT had previously leased the sites to U-Haul for the last 20 years. The portfolio spanned 69 cities in 24 states. The proceeds will boost W.P. Carey's...
Hearthfire entered the Oklahoma market by purchasing 2817 N. Peoria Ave. in Tulsa. The site has 22,900 square feet spread across 11 acres that is planned to expand to 86,000+ square feet and 800+ units, with both climate- and nonclimate-controlled units. Hearthfire...
DXD Capital, a New Mexico self-storage private equity firm, purchased the Hill & Homes Self-Storage portfolio in Colorado's western slope. The portfolio has 135,050 square feet across seven buildings, which house 922 units. Thomas Parsons, first vice president of...
The Inland Real Estate Group of Companies is buying a majority interest in U.S. self-storage operator Devon Self Storage Holdings. Devon, founded in 1988, manages 202 properties and about 109,000 units nationwide. It has owned, managed or developed more than 350...
10 Federal, which operates a portfolio of remotely-managed self-storage facilities recently acquired two storage properties in Tennessee and Texas. The company also announced it surpassed $16 million in Q4 fundraising with its fourth self-storage offering. The company...
Blumenfeld Development Group of Syosset, NY, which is part of Long Island, paid $122 million for two self-storage properties in Flushing and Woodside, both in Queens. The company purchased the 159,000-square-foot 34-09 College Point Blvd. in western Flushing for $72...
Midcoast Properties Inc. announced the sale of Capstone Self Storage at 561 N. Pike East in Sumter, SC. An out-of-state buyer made the purchase. Midcoast’s Michael Morrison represented the seller. The facility sits on 2.1 acres and has 84 drive-up units spread across...
SecureSpace Self Storage purchased an existing self-storage property in Blue Bell, PA, which SecureSpace previously managed. SecureSpace Blue Bell is its name and it’s located in a Philadelphia suburb. The three-story facility at 1950 Skippack Pike offers 78,097...
Gelt Ventures announced the sale of South Pasadena Storage, a 677-unit self-storage facility in South Pasadena, CA for an undisclosed price to an institutional buyer. The six-building property includes 642 indoor storage units, 34 outdoor rental spaces, a live/work...
Dallas, TX-based Rosewood Property Co. acquired three self-storage facilities in Vista, CA; Tempe, AZ and Las Vegas, NV. That brings the company’s total to 82 self-storage facilities nationwide. The Vista property, located at 1317 N. Melrose Drive, is a...
Andover Properties, operator of the Storage King USA chain of self-storage facilities, has purchased Barefoot Mini Storage in Micco, FL for $6.85 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor. Nick Waller of CBRE said that they...
Buchanan Street Partners LP, based in Newport Beach, CA, has entered the Northern California market by purchasing a self-storage facility at 12200 Rock Creek Road in Auburn, CA. The selling price was $20.75 million. It has 116,500 square feet spread across 825 units...
Strategic Storage Growth Trusts III Inc. purchased a storage facility in Tamarac, FL for $19.5 million from Blue Vista Capital Management and SouthWestern Property. The site has approximately 69,000 NRSF that include a five-story building with about 760...
Jeff Gorden of The Gorden Cos. represented the seller and arranged the $6.5 million sale of GuardAll Self Storage in Kingman, AZ. The property has 1.3 acres and 409 units. The facility was 96% occupied and had an annualized revenue of $509,800. Gorden is the Arizona...
Prime Group Holdings LLC, based in Saratoga Springs, NY, announced it purchased four self-storage properties that total approximately 362,000 rentable square feet spread across 3,540 units in Florida, New York and North Carolina. Four transactions were involved in the...
U-Haul purchased a Simply Stor-It that’s located in the former Palace Mall at 1801 N. Main St. in Mitchell, SD. It’s the first U-Haul-operated facility in Mitchell. It has 329 units and 48 indoor parking spots, and a total of 8,800 square feet of climate-controlled...
Public Storage completed its previously announced purchase of Simply Self Storage from the Blackstone Real Estate Income Trust Inc. for $2.2 billion. There are 127 fully owned properties in the portfolio and 9 million NRSF across 18 states – in markets with population...
Warehouse Anywhere is now a standalone business following a deal between a group of former Life Storage employees and Extra Space Storage (NYSE: EXR). Extra Space sold the Warehouse Anywhere division of Life Storage to the new operators after acquiring the subsidiary...
Tampa, FL-based SkyView Advisors closed on Long Beach Storage Center at 1700 Santa Fe Ave. in Long Beach, CA. The facility has 22,625 NRSF, with 384 units spread across two stories. Overall, it has 1.03 acres. The site is near full capacity. Andrew Sacks, senior...
Spartan Investment Group of Golden, CO closed on three self-storage deals – in Belleview, FL; Pea Ridge, AR and Kingsland, GA - in the company’s growth fund. The Belleview location is a 4.63-acre lot, and Spartan plans to start ground-up development of a 550-unit...
StorSafe announced its acquisition of “The Extra Closet” located at 124 Warfield Ave. in Venice, FL. The deal brings the company to a total of 25 locations and over 1.3 million square feet of storage space. StorSafe continues to focus on single story value-add...
Blue Vista Capital Management announced it purchased 11 self-storage, industrial/flex and build-to-rent properties in six states between March and June this year. They include include five self-storage assets in Florida and Arizona, five industrial/flex properties in...
The Storage Acquisition Group facilitated the $20.5 million sale of River Rock Storage located at 4220 Forbes Road, Gastonia, NC. Jonathan Spencer, Scott Heckert and Jonathan Spencer of Storage Acquisition Group helped seal the deal. River Rock Storage has 124,374...
Andover Properties purchased Jim’s Stowaway, a 105,000-square-foot self-storage facility at 3527 Radio Road in Naples, FL from a private owner. The property, which has 13 buildings across 8.1 acres, will operate as Storage King USA. The facility has 600 units,...
An unnamed private investor purchased the Gadsden Mini Storage Portfolio, a 95,800-square-foot package in Quincy, FL, with a total of 701 units, for $10.135 million (below). The portfolio, located near Tallahassee, includes four properties. Hunter Robey and Chris...
The LeClaire-Schlosser Group of Marcus & Millichap announced the sale of AA Storage in Houston, TX. The facility has 49,539 NRSF. Dave Knobler and Charles LeClaire had the listing to market the property for the seller and also found the buyer. Marcus &...
Safeguard Self Storage has purchased a 1,252-unit, 132,000-square-foot facility at 324 Nepperhan Ave. in Yonkers, NY. Safeguard’s presence in Yonkers also includes a soon-to-open location at 390 Riverdale Ave. and another one at 188 S. Broadway. The Nepperhan location...
CBRE’s Self-Storage Advisory Group brokered the $23.1 million sale of a newly built facility, Windermere Storage, in Orlando, FL. The 89,145 square foot facility is located at 8550 Old Winter Garden Road. CBRE represented the seller, locally based Schrimsher...
Limited liability companies led by Arkansas-based businessmen Patrick Byrd and Alex Baumeister purchased an 11-property portfolio of self-storage facilities in Green Bay, WI for $34.2 million. The Lok Safe Storage portfolio spans a total of 475,141 square feet. The...
SmartStop Self Storage REIT Inc., based in Ladera Ranch, CA, announced that its affiliates, Strategic Storage Trust VI Inc. and Strategic Growth Trust III purchased an eight-facility portfolio in the Greater Toronto Area, totaling about 7,400 units and 758,000...
VanWest Partners announced the ninth self-storage buy for VanWest Storage Fund III, which launched in April 2022 and now has over $67 million in total capitalization. The new facility is in Green Bay, WI – VanWest’s seventh facility in the Wisconsin market – and it...
Compass Self Storage purchased a self-storage center at 25528 Aldine Westfield Road in Spring, TX. Charles LeClaire and Dave Knobler from The LeClair Group of Marcus & Millichap brokered the transaction. It marks Compass’ first location in the Houston market....
Utah’s largest self-storage facility has traded hands. Storage General Cedar, located in Cedar City, spans more than 456,758 square feet and has 2,133 units. The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale, representing both buyer and seller....
Rosewood Property Co. bought a new self-storage facility at 770 N. Kolb Road in Tucson, AZ. It’s the company’s 78th facility nationwide and first in Arizona, and was built at the former home of the Gateway Century 12-movie theater. The facility has 66,429 square feet...
Strategic Storage Growth Trust III Inc. purchased an approximately 65,800-NRSF storage facility on 3.1 acres in Eatontown, NJ. It’s a three-story building with about 730 climate-controlled units. Merchants Retail Partners was the seller. The building previously...
Irvine, CA-based Gantry secured $40 million in acquisition financing for four purchases of self-storage facilities in Tennessee and Florida that total 286,000 rentable square feet. The properties include three Storelocal Self Storage properties in Franklin and Spring...
Wentworth Property Co. purchased a three-property self-storage portfolio that has 1,912 units in the Atlanta, GA MSA for $43.5 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor that operated facilities under the name Gwinnett Self...
The sellers of a New Mexico self-storage facility plan to use the proceeds to fund the construction of a new high school in Albuquerque. Sandia Skies Self Storage at 6801 Palomas Northeast has 586 units across 74,000 rentable square feet. The seller is a local private...
Prestige Storage closed the acquisition of a 12 facility portfolio in western Michigan with partner Peaceable Street Capital. The facilities are located in Muskegon, Fruitport, Spring Lake, Kent City and West Olive. Together, the properties offer a total of 490,302...
Liberty Investment Properties, based in Orlando, FL, raised more than $43 million in equity for its Liberty Storage Fund II to buy self-storage facilities in the Southeast region of the United States. The new fund has bought 10 self-storage assets to date and is...
10 Federal has acquired the ASAP Storage portfolio of facilities located in Temple and Villa Rica, Georgia for $78 per square foot. Spanning a total of 96,000 square feet of storage space, the three facilities provide a combined 664 units and 70 parking spaces. The...
Public Storage purchased Chesdin Storage, a 40,600-square-foot facility in North Dinwiddie, VA, for $4.5 million. The facility, located at 23150 Airpark Drive, features 331 drive-up, climate-controlled units, plus parking on 3.66 aces. The facility has been close to...
MV Investment sold a newly constructed climate-controlled self-storage facility at 807 High School Road in Tallahassee, FL. The buyer was not named. The facility has 882 units spread across 118,500 square feet and is near Florida State University. It has ground-level...
A CBRE Investment Management fund purchased a portfolio of 14 self-storage sites totaling 8,697 units in Southern California and Utah. CBRE partnered with the William Warren Group on the deal. WWG will manage the acquired facilities under its StorQuest Self Storage...
New York City-based KKR, an investment firm, sold four self-storage properties totaling 2,897 units for about $80 million. Two are in Austin, TX and two others are in Phoenix, AZ and Riverside, CA. The properties were sold in two different transactions with different...
Global investment firm KKR has sold three self-storage facilities recently with the help of the CBRE Self Storage Advisory Group, including one in California for $23 million. Dallas-based operator Baranof Holdings purchased the 774-unit self-storage facility at 3111...
Talonvest Capital Inc. of Irvine, CA – along with their client Strategic Storage Growth Trust III Inc. - announced the closing of a $23.4 million bridge loan financing the certificate of occupancy acquisition of a facility in Chula Vista, CA. Strategic Storage is a...
