Sold! Self Storage Acquisition News from March 2021

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

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

Berkshire Hathaway Storage Group reports the following:

Buyer: Institutional private equity
Seller: Not provided
Facility name: Laredo Storage Portfolio (Stor More Storage Rentals)
Location: Laredo, TX
Net square footage: 138,980 sq.ft.
Number of units: 1,044 units
Brokers involved: Josh Cato, Cameron Vale, Parker Sweet. Brokers represented both the buyer and the seller.
Sales price: Not provided

Marcus & Millichap reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: Extra Space Storage (managed)
Location: Chicago Heights, IL
Net square footage: 72,166 sq.ft.
Number of units: 307 climate-controlled units and 467 non-climate units
Brokers involved:Gabriel Coe, Brett R. Hatcher, and Sean M. Delaney had the exclusive listing to market the property on behalf of the seller, a limited liability company. Steven Weinstock assisted in closing this transaction.
Sales price: Not provided
Notes: Opened in 2019. Facility sold to first-time buyer as part of a 1031 exchange.

Buyer: Not provided
Seller: Not provided
Facility name: Adams Storage Portfolio
Location: Two facility portfolio located in Olney, IL and Vincennes, IN.
Net square footage: 23,050 combined sq.ft.
Number of units: 180 units
Brokers involved: Marla Čolić of the Williams Storage Group of Marcus & Millichap represented both buyer and seller.
Sales price: Not provided

Compass Self Storage reports the following:

Buyer: Compass Self Storage recently purchased three storage facilities
Seller: Not provided
Location: 9085 SW State Road 200 in Ocala FL; 3300-3497 Jodeco Road in McDonough, GA; and 5A Estate Drive in Bluffton, SC
Net square footage: 183,000 combined sq.ft.
Number of units: Not provided
Sales price: Not provided

Andover Properties reports the following:

Buyer: Andover Properties dba Storage King USA
Seller: Not provided
Facility Name: Great Value Storage
Location: Santa Clarita, CA
Net square footage: 105,743 sq.ft.
Number of units: 498 climate-controlled units, 574 non-climate-controlled units, and 85 wine storage units
Sales price: Not provided
Notes: New property opened in May 2019.

Argus Self Storage Advisors reports the following:

Buyer: Dromedary CC, LLC
Seller: Not provided
Facility name: Storage Sense
Location: Lee’s Summit, MO
Net square footage: 74,350 sq.ft.
Number of units: 631 units
Brokers involved: Larry Goldman
Sales price: $8.2 million

Berkshire Hathaway reports the following:

Buyer: A private individual
Seller: Not provided
Facility name: All Safe Storage
Location: Athens, GA
Net square footage: 29,540 sq.ft.
Number of units: 266 units
Brokers involved: Cameron Vale, Andrew Plunkett, and Parker Sweet
Sales price: Not provided

Buyer: A national REIT
Seller: Watchman Properties
Facility name: Amarillo Lock Storage
Location: Amarillo, TX
Net square footage: 42,150 sq.ft.
Number of units: 238 units
Brokers involved: Andrew Plunkett, Cameron Vale, Parker Sweet
Sales price: Not provided

Andover Properties reports the following:

Buyer: Andover Properties dba Storage King USA
Facility name: Stor-Mor Self Storage
Location: E. Platte Avenue in Colorado Springs, CO
Net square footage: 67,300 sq.ft.
Sales price: Not provided

Lighthouse Storage reports the following:

Buyer: Lighthouse Storage
Facility name: Valley Storage
Location: Batesville, IN
Number of units: 168
Sales price: Not provided
Notes: Renovations include installation of new overhead doors. Acquisition marks the Tell City, IN-based company’s fifth overall location.

 

Commercial Observer reports the following:

Buyer: Life Storage
Seller: SNL Development Group
Facility name: Life Storage
Location: 134-31 Merrick Boulevard in the Jamaica neighborhood of Queens in New York City
Net square footage: 70,000 sq.ft.
Number of units: Not provided
Sales price: $36.4 million
Notes: New Hyde Park, NY-based SNL purchase the site in 2016 for $7.3 million and developed the facility in 2017.

Trojan Storage reports the following:

Buyer: Trojan Storage
Seller: Private seller
Facility name: Blanco Self Storage
Location: 940 E Blanco Rd in Salinas, CA
Net square footage: 78,000 sq.ft.
Number of units: 656 units
Brokers involved: Carl Touhey and Jay Allen of Performance Self Storage represented seller
Sales price: Not provided

SkyView Advisors report the following:

Buyer: Not provided
Seller: Not provided
Facility name: Elite RV & Boat Storage
Location: 16461 Domestic Ave in Fort Myers, FL
Net square footage: 143,037 sq.ft.
Number of units: 255 units
Brokers involved: Richard Riddle and Ryan Clark
Sales price: Not provided

Buyer: Not provided
Seller: Not provided
Facility name: Andover Self Storage
Location: 17 Dundee Park Dr in Andover, MA
Net square footage: 65,836 sq.ft.
Number of units: 470 units
Brokers involved: Richard Riddle and Ryan Clark
Sales price: Not provided

Multi-Housing News reports the following:

Buyer: Extra Space Storage
Seller: PGIM Real Estate
Facility name: Extra Space Storage
Location: 3744 Annex Avenue in Nashville, TN
Net square footage: 76,205 sq.ft.
Number of units: Not provided
Sales price: $17.8 million

Post Bulletin reports the following:

Buyer: KO Self Storage
Seller: Stockade Storage of Rochester LLC
Facility name: Stockade Self Storage
Location: 1308 Hadley View Court NE in Rochester, MN
Net square footage: 43,500 sq.ft.
Number of units: Not provided
Sales price: $2.75 million

Strategic Storage Trust reports the following:

Buyer: Strategic Storage Trust VI, Inc.
Seller: Not disclosed
Facility name: Formerly operated as CubeSmart
Location: 4715 E. Baseline Road in Phoenix, AZ
Net square footage: Not provided
Number of units: 810 units
Sales price: Not provided
Notes: Lease up facility delivered in May 2020. Property 44% occupied at time of sale.

Marcus & Millichap report the following:

Buyer: An unnamed LLC
Seller: An unnamed LLC
Facility name: Cherokee Self Storage (two property portfolio)
Location: Franklin, OH
Net square footage: 51,165 sq.ft.
Number of units: 272 units
Brokers involved: Brett R. Hatcher and Gabriel Coe represented buyer and seller.
Sales price: Not provided

Buyer: Not provided
Seller: Not provided
Facility name: Creative Self Storage
Location: 321 NH-125 in Brentwood, NH
Net square footage: 58,064 sq.ft.
Number of units: 357 units
Brokers involved: Nathan Coe, Brett R. Hatcher, and Gabriel Coe listed the property on behalf of the seller. James Koury, Broker of Record, assisted in closing this transaction.
Sales price: Not provided

Berkshire Hathaway Storage Group reports the following:

Buyer: A private regional buyer
Seller: An unnamed LLC
Facility name: West Mini Storage
Location: 312 Lakeview Boulevard in Hartsville, SC
Net square footage: 32,116 sq.ft.
Number of units: 232
Brokers involved: Cameron Vale represented the seller and secured the buyer.
Sales price: Not provided

InSite Property Group reports the following:

Buyer: InSite Property Group
Seller: Not provided
Facility name: Statewide Self Storage
Location: 1635 Shelton Road in Piscataway, NJ
Net square footage: 66,000 sq.ft.
Sales price: Not provided
Notes: Property features drive-up and interior units. The property will be rebranded under the buyer’s SecureSpace brand.

Marcus & Millichap reports the following:

Buyer: Out-of-state storage investors
Seller: Local owner operators
Facility name: Muddy Man Storage
Location: Branson, MO
Net square footage: 41,500 sq.ft.
Number of units: 351 units
Brokers involved: Marla Čolić of the Williams Storage Group represented the seller and procured the buyer.
Sales price: Not provided
Notes: Muddy Man Storage is a three property facility, with locations within 4.5 of each other.

Buyer: An unnamed LLC
Seller: An unnamed LLC
Facility name: Rainbow Storage
Location: 767 East 7th St. in Lexington, KY
Net square footage: 43,200 sq.ft.
Number of units: 236 units
Brokers involved: Gabriel Coe and Brett Hatcher listed the property on behalf of the seller. Coe and Hatcher, along with Jordan Dickman, Nicholas Andrews, and Tim VanWingerden represented the buyer. Colby Haugness, broker of record, assisted in the closing.

Buyer: An unnamed LLC
Seller: An unnamed LLC
Facility name: Cherokee Self Storage
Location: Franklin, OH
Net square footage: 51,165 sq.ft.
Number of units: 272 units
Brokers involved: Brett Hatcher and Gabriel Coe represented the seller and secured the buyer.
Sales price: Not provided
Notes: The storage operation includes two properties located 1.5 miles apart from each other.

Buyer: An unnamed LLC
Seller: A private investor
Facility name: Highway 43 Storage
Location: 801 E. Centralia Street in Elkhorn, WI
Net square footage: 40,566 sq.ft.
Number of units: 124 climate-controlled units and 166 non-climate-controlled units.
Brokers involved: Brett Hatcher and Gabriel Coe represented the seller. Tony Sanicola of the firm’s Milwaukee office worked with the buyer. Todd Lindblom, broker of record, assisted in the closing.
Sales price: Not provided