This page is an archive of self-storage acquisition news from February 2021.

To have your transactions included in the Sold! column, submit details about your acquisitions here.

Acquisition news from 2/17/2021:

Lee & Associates reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: Richards Place Self-Storage
Location: 1939 Richards Place in Sparks, NV
Net square footage: 76,406 sq.ft.
Number of units: 493 units
Brokers involved: Steve Avanzino arranged the transaction
Sales price: $11.475 million
Notes: Transaction involved 1031 tax exchange

Argus Self Storage Advisors reports the following:

Buyer: Lock N’ Self Storage, LLC
Seller: Lock N’ Key Storage
Facility name: Lock N’ Key Storage
Location: Knob Noster, MO
Net square footage: 41,800 sq.ft.
Number of units: 222 units
Brokers involved: Larry Goldman arranged the transaction.
Sales price: Not provided

SkyView Advisors and HPI Real Estate reports the following: 

Buyer: HPI Real Estate
Seller: Not provided
Facility name: Extra Space Storage
Location: 5611 Lone Star Parkway, San Antonio, TX
Net square footage: 93,050 sq.ft.
Number of units: 775 units
Brokers involved: SkyView Advisors represented the seller
Sales price: Not provided
Notes: The deal marks the third acquisition in HPI’s newly launched second storage fund, which aims to close an additional $75 million in acquisitions by the end of the year.

EquiCap Commercial reports the following:

Buyer: Not provided
Seller: A self-managed family partnership
Facility name: StorSafe Storage
Location: 7825 W Tower Ave. in Milwaukee, WI
Net square footage: 41,300 sq.ft. (plus 50 covered RV spaces in 13,970 sq.ft.)
Number of units: 431 drive-up units
Brokers involved: Jesse Luke arranged the transaction.
List price:
 $2,400,000

Marcus & Millichap reports the following:

Buyer: Pogoda Companies
Seller: An unnamed LLC
Facility name: CubeSmart Self Storage (managed)
Location: 4150 Alpine Avenue NW in Comstock Park, MI
Net square footage: 79,420 sq.ft.
Number of units: 764 units
Brokers involved: Brian Kelly, Brett Hatcher and Gabriel Coe arranged the transaction.
Sales price: Not provided
Notes: New facility opened in January 2020

Buyer: Not provided
Seller: Not provided
Facility name: A-1 Personal Storage
Location: Kenn Pratt Boulevard in Longmont, CO
Net square footage: 12,400 sq.ft.
Number of units: 90 units
Brokers involved: Thomas Parsons and Adam Schlosser of Marcus & Millichap’s Denver, CO office, had the exclusive listing to market the property on behalf of the seller.
Sales price: Not provided

Multi-Housing News reports the following:

Buyer: B&C Storage of Syracuse, NY
Seller: Not provided
Facility name: Tully Mini Storage
Location: 5720 Meetinghouse Road in Tully, NY
Net square footage: 20,473 sq.ft.
Sales price: Not provided

 

Acquisition news from 2/10/2021:

Multi-Housing News reports the following:

Buyer: Pegasus Group
Seller: Banner Real Estate Group
Facility name: Hosford Self Storage
Location: 685 SE Division Place in Portland, OR
Net square footage: 87,597 sq.ft.
Number of units: 1,089 units
Sales price: $19.9 million
Notes: Four-story facility completed in 2018. Will rebrand as Central Self-Storage

VanWest Partners reports the following:

Buyer: VanWest Partners Self Storage Fund II LLC
Seller: Not provided
Facility name: Rome Hilliard Self Storage
Location: 466 Hilliard Rome Road in Columbus, OH
Net square footage: 49,760 sq.ft.
Number of units: 380 units
Sales price: Not provided
Notes: Marks the fund’s first asset in the Columbus metro area. Facility will be rebranded under the firm’s ClearHome Self Storage management platform.

Buyer: VanWest Partners Self Storage Fund II LLC
Seller: Not provided
Facility name: Betta Stor-It
Location: 2614 Highway 98 West in Mary Ester, FL
Net square footage: 37,500 sq.ft.
Number of units: 328 units
Sales price: Not provided
Notes: Will be rebranded under the firm’s ClearHome Self Storage management platform.

Andover Properties reports the following:

Buyer: Andover Properties dba Storage King USA
Seller: Not provided
Facility name: Midgard Self Storage
Location: Cocoa, FL
Net square footage: 51,270 sq.ft.
Number of units: Not provided
Sales price: Not provided
Notes: Purchase marks company’s 23rd facility in Florida.

Marcus & Millichap reports the following:

Buyer: Public Storage
Seller: Vintage Partners LLC and Blue Vista Capital Management
Facility name: Extra Space Storage (managed)
Locations: 1650 North Pima Road in Scottsdale, AZ and 2090 South Dobson Road in Chandler, AZ.
Number of facilities: Two
Net square footage: 176,610 sq.ft. (combined)
Number of units: Not provided
Brokers involved: Chico LeClaire, Adam Schlosser, and Ryan Sabinoff represented the seller. LeClaire and Schlosser also secured the buyer.
Sales price: Not provided

 

 

Acquisition news from 2/3/2021:

Meridian Storage Group reports the following:

Buyer: Personal Mini Storage
Seller: A private investor
Facility name: AAA Storage of Brevard
Location: Palm Bay, FL
Net square footage: 53,100 sq.ft.
Number of units: 289 units
Brokers involved: Patrick Kidder represented seller and secured purchaser
Sales price: Not provided

Bellomy & Co. reports the following:

Buyer: AGAP Kyle LLC (based in Delaware)
Seller: William R. Holms of Kyle, TX
Facility name: Kyle Premier Storage
Location: Kyle, TX
Net square footage: 81,781 sq.ft.
Number of units: 707
Brokers involved: Bill Bellomy and Michael Johnson represented buyer and seller.
Sales price: Not provided

CBRE reports the following:

Buyer: Los Angeles-based Trojan Storage
Seller: A private investor
Number of facilities: Two facilities
Location: One in Vancouver, WA and one in Portland, OR
Net square footage: 116,000 sq.ft.
Number of units: 767 units
Brokers involved: Nick Walker, Trevor Roberts, and Morgan Windbiel represented the seller. Trojan Storage was self-represented
Sales price: $12.85 million

EquiCap Commercial reports the following:

Buyer: Local, first time buyer
Seller: Local operators
Facility name: Hwy 41 Storage
Location: 300 Old Skokie Rd in Park City, IL
Net square footage: 23,050 sq.ft.
Number of units: 200
Brokers involved: Scott Rihm and Jesse Luke arranged the deal
Sales price: $1.4 million

Marcus & Millichap reports the following:

Buyer: A private buyer
Seller: LLC based in Washington state
Portfolio name: Pullman Self-Storage Portfolio
Number of facilities: Two facilities
Location: Blue Sky Self Storage at 2500 S Grand Avenue and C&S Mini Storage at 520 NW Park Street in Pullman, WA
Net square footage: 71,202 sq.ft.
Number of units: 533 units
Brokers involved: Christopher R. Secreto, Senior Managing Director Investments at the firm’s Seattle office and an Executive Director of the firm’s Self-Storage Division, had the exclusive listing to market the portfolio on behalf of the seller.
Sales price: $5,315,000

Sands Investment Group reports the following:

Buyer: Merit Hill Capital
Seller: Las Vegas-based private investment group
Number of facilities: Two facilities
Locations: 4025 Edmund Highway in West Columbia, SC and 4510 Port Union Road in Hamilton, OH
Net square footage: 94,500 sq.ft. combined
Number of units: 839 units combined
Brokers involved: The seller was represented by Frank DeSalvo of Sands Investment Group and the buyer was represented by Harold Kolbe of Southeastern Business Intermediaries, LLC.
Sales price: Not provided

 

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Alexander Harris