This page is an archive of self-storage acquisition news from April 2021. For the latest news, click here.

Angelo Gordon, in a joint venture with Andover Properties, purchased Santa Clarita Storage, a 105,743-square-foot self-storage facility at 24314 The Old Road in Santa Clarita, CA. The property was purchased for $28 million, according to the Commercial Observer. The property will be rebranded to operate under the name Storage King USA.

The seller of the former Great Value Storage facility was World Class Property Company, who developed the property in 2019. Greg Wells, Mike Mele, and Luke Elliott of Cushman & Wakefield represented World Class Property Company.

Berkshire Hathaway Storage Group reports the following:

An unnamed buyer purchased the four-property Courtyard Storage Portfolio for an undisclosed amount. The facilities are located in North Carolina and Virginia. Together the portfolio totals 279,498 square feet and offers 1,922 units. Cameron Vale and Parker Sweet- Cameron and Parker both represented the buyer and the seller.

SkyView Advisors report the following:

An unnamed buyer purchased Mt. Tabor Storage, a 37,700-square-foot facility located at 614 Mt Tabor Road in New Albany, IN. The facility offers 371 units. Hunter Sells and Ryan Clark of SkyView represented the seller.

Marcus & Millichap reports the following:

An unnamed buyer purchased StorageBay Rexburg, a 12,652-square-foot storage facility in Rexburg, ID. The facility offers 167 units and was built in 2008. Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap represented the buyer.

An unnamed buyer purchased Westbelt Storage, a 19,495-square-foot storage facility in Columbus OH. The facility offers 121 non-climate-controlled units. Brett Hatcher and Gabriel Coe of the Columbus office had the exclusive listing on behalf of the seller, and also secured the buyer.

An unnamed buyer purchased Anytime Stor-N-Loc, an 18,455-square-foot storage facility in Ashland, OH. The facility offers 129 units. Nathan Coe, Brett Hatcher, and Gabriel Coe represented the seller, closing in 50 days after listing.

An unnamed buyer purchased the Extra Space Storage-managed facility in North Arlington, NJ. The 71,160-square-foot facility offers 940 units. Nathan Coe, Brett Hatcher, and Gabriel Coe arranged the transaction.

HPI Real Estate reports the following:

HPI Real Estate purchased the Extra Space Storage facility at 10535 Mason Road in Richmond, TX. The 93,630-square-foot facility offers 745 units.

Andover Properties reports the following:

Manhattan-based Andover Properties, operating under the name Storage King USA, purchased Safety Deposit Self Storage in Kingsville, TX. The facility marks Storage King USA’s 11th facility in the state. The 73,400-square-foot facility was built in 1999 with continuous expansion through 2016.

 

 

 

Strategic Development Group reports the following:

Buyer: Strategic Development Group LLC
Seller: Not provided
Facility name: Formerly Kool Storage now Woodlands Self Storage
Location: 8175 S. Mingo Road in Tulsa, OK
Net square footage: 75,300 sq.ft.
Number of units: 600 climate controlled units
Sales price: Undisclosed
Notes: The property was purchased at the end of 2020 and was 35 percent leased at time of sale. 180 Self Storage will provide third-party management services.

HPI Real Estate reports the following:

Buyer: HPI Real Estate
Seller: Davis & Radio Storage, LLC
Facility name: Extra Space Storage
Location: 8471 Davis Blvd in Naples, FL
Net square footage: 79,345 sq.ft.
Number of units: 722 units
Brokers involved: Zachary Urow and Ryan Clarke of Skyview Advisors
Sales price: Undisclosed

Skyview Advisors reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: Advanced Self Storage of Wexford
Location: Pittsburgh, PA
Net square footage: 36,600 sq.ft.
Number of units: 283 units
Brokers involved: Zachary Urow and Ryan Clarke
Sales price: Undisclosed

Buyer: Not provided
Seller: Not provided
Facility name: Extra Space Storage
Location: Richmond, TX
Net square footage: 93,630 sq.ft.
Number of units: 745 units
Brokers involved: Zachary Urow and Ryan Clarke
Sales price: Undisclosed

CBRE reports the following:

Buyer: Trojan Storage
Seller: Wentworth Property Company
Facility name: Trojan Storage
Location: Southwest Warner Avenue in Tigard, OR
Net square footage: 29,765 sq.ft.
Number of units: 264 units
Brokers involved: CBRE’s Nick Walker, Trevor Roberts, and Morgan Windbiel represented the seller.
Sales price: Undisclosed

Marcus & Millichap reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: StorageBay Rexburg
Location: Rexburg, ID
Net square footage: 12,652 sq.ft.
Number of units: 167 units
Brokers involved: Jordan Farrer and Adam Schlosser procured the buyer. Paul Ryan was broker of record.
Sales price: Undisclosed

Hartford Business reports the following:

Buyer: Gefen Self Storage CT I LLC
Seller: Middletown Self Storage LLC
Facility name: Access Storage
Location: 1511 Saybrook Road in Middletown, CT
Net square footage: 49,300 sq.ft.
Number of units: Not provided
Sales price: $2.2 million

CBRE reports the following:

Buyer: Merit Hill Capital
Seller: Private investor
Facility name: Nelson Road Self Storage
Location: Off Highway 119 in Longmont, CO.
Net square footage: 83,760 sq.ft.
Number of units: 604 units
Brokers involved: CBRE’s Nick Walker and Walter Brauer represented the seller.
Sales price: Not provided

Bellomy & Co. reports the following:

Buyer: Bassdale Investments LLC
Seller: Stadium Self Storage Inc.
Facility name: Stadium Self Storage
Location: Mansfield, TX
Net square footage: 43,745 sq.ft.
Number of units: 343 units
Brokers involved: Bill Bellomy and Michael Johnson represented the seller and procured the buyer.
Sales price: Not provided

Marcus & Millichap reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: Golder Storage
Location: 3607 N Golder Ave in Odessa, TX
Net square footage: 4,527 sq.ft.
Number of units: 21 units
Brokers involved: Arol Horkavy and Jon Danklefs represented the seller.
Sales price: Not provided

Buyer: Joint venture between Montfort Capital Partners LLC and Blue Vista Capital Management
Seller: Not provided
Facility name: A3 Storage Centers
Location: 2310 N Loop 1604 W in San Antonio, TX
Net square footage: Not provided
Number of units: 909 units
Brokers involved: Jon Danklefs represented the buyers
Sales price: Not provided

Buyer: Not provided
Seller: Not provided
Facility name: Brazos Self Storage
Location: 1819 TX-332 in Lake Jackson, TX
Net square footage: 45,086 sq.ft.
Number of units: 378 units
Brokers involved: Brian Kelly, Brett Hatcher, Gabriel Coe and Dave Knobler represented the seller with assistance from Tim Speck, broker of record.
Sales price: Not provided

Andover Properties reports the following:

Buyer: Andover Properties dba Storage King USA
Seller: Not provided
Facility name: A+ Storage
Location: Columbia, TN
Net square footage: 70,200 sq.ft.
Sales price: Not provided

 

Meridian Storage Group reports the following:

Buyer: Not provided
Seller: Not provided
Facility name: 80 East Storage
Location: Statesboro, GA
Net square footage: 84,580 sq.ft.
Number of units: 637 units
Brokers involved: Patrick Kidder and Ken DeVaul represented the seller, a private owner, and secured the purchaser, a private buyer.
Sales price: Not provided

Bellomy & Co. reports the following:

Buyer: 10 Federal
Seller: 2121 Burleson Storage LLC
Facility name: I-35 Storage
Location: Burleson, TX
Net square footage: 55,531 sq.ft.
Number of units: 338 units
Brokers involved: Bill Bellomy and Michael Johnson of Bellomy & Co. represented 2121 Burleson Storage, LLC, the Austin, TX-based seller. Aaron Palmer of Modern Mountain Real Estate represented the Raleigh, NC-based buyer, 10 Federal.
Sales price: Not provided

Buyer: Dougherty Storage LLC
Seller: THR Storage, LLC
Facility name: Hawkeye Storage
Location: Red Oak, IA
Net square footage: 29,120 sq.ft.
Number of units: 189 units
Brokers involved: Bill Bellomy and Michael Johnson arranged the transaction.
Sales price: Not provided

EquiCap Commercial reports the following:

Buyer: VanWest Partners
Seller: Not provided
Portfolio description: 5-facility portfolio of National Storage Center-managed locations in the Grand Rapids and Detroit markets
Location: Five sites in Michigan. Shelby Township, Warren, Belmont, Rockford, and Comstock Park
Net square footage: 261,971 combined sq.ft.
Number of units: 1,638 units
Brokers involved: Jesse Luke arranged the deal.
Sales price: Not provided
Notes: Properties will be rebranded under the ClearHome Self Storage platform.

InSite Property Group reports the following:

Buyer: InSite Property Group
Seller: Not provided
Facility name: RightSpace Storage
Location: 2850 Foothill Boulevard in Rialto, CA
Net square footage: Not provided
Number of units: Not provided
Sales price: Not provided

Midcoast Properties reports the following:

Buyer: A national buyer
Seller: Not provided
Facility name: StorNGo (Two facility portfolio)
Location: 860 Community Road in Blythewood, SC and 811 Bookman Road in Elgin, SC.
Net square footage: Not provided
Number of units: Not provided
Brokers involved: Midcoast represented the seller, Michael Morrison acted as lead broker.
Sales price: Not provided
Notes: Elgin facility opened in March 2020, Blythewood facility expanded in 2019.

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Alexander Harris