StorageMart purchased a newly built self-storage facility in Canton, GA. The 95,430-square-foot facility is the operator’s fifth location in the state. It offers 865 units and is located at 4843 Holly Springs Parkway. David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman Co. and Steven Cornblatt and Coleman Tirone of Trout Daniel & Associates represented StorageMart in the transaction. The seller of the property was SMV Hudson LLC.
Source: 24-7PressRelease
Matthews Real Estate Investment Services arranged the $10.3 million sale of a self-storage facility in Millstone, NJ. CubeSmart operates the facility, which was built in phases on a 10-plus-acre site between 2021 and 2023. The property totals 59,605 NRSF across 488 units (340 climate-controlled and 148 non-climate-controlled). Milton Braasch II, Ben Tracy and Sion Assaf of Matthews represented the undisclosed seller/original developer in the transaction. The buyer was not disclosed. Matthews is based in California. Source: REBusiness Online
Stuff-It-Storage, 1600 W A St., Hastings, NE, has been sold. It features 16,500 square feet across 2.28 acres. Mason Gates from Matthews Real Estate Investment Services handled the transaction. This is Gates’ ninth self-storage closing in Nebraska in 18 months.
Source: Matthews Real Estate Investment Services.
The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale of Rockport Boat & RV Storage Portfolio in Rockport, TX. It has two properties and 86,650 square feet. Dave Knobler, senior managing director investments; and Mixon Staffel, investment associate in the Houston, TX office; and Charles LeClaire, executive managing director investments in the Denver, CO office, marketed the property. The seller is a Texas-based LLC. The properties sit on a combined 6.79 acres and have five single-story buildings with 240 total units.
Source: Marcus & Millichap
Bruce Goldberg
Bruce Goldberg is a freelance writer and editor based in Denver. He worked in newspapers and magazines as both a business writer/editor and sportswriter/editor for 35 years.