Invesco and Westport Properties partnered in four transactions to buy eight self-storage properties totaling 3,844 units in Tennessee, Oregon and North Carolina, as follows:

  • Clarksville, TN, 471 units at 4351 Guthrie Highway
  • Clarksville, TN, 505 units at 1280 Parkway Place
  • Clarksville, TN, 371 units at 117 Old Excell Road
  • Raleigh, NC, 686 units and 52 parking spaces at 6401 Town Center Drive (pictured below)
  • Durham, NC, 646 units at 112 W. Seminary Ave.
  • Bend, OR, 550 units at 202030 Powers Road;
  • Bend, OR, 124 units at 345 Cleveland Ave.
  • Winston Salem, NC, 491 units at 395 University Parkway.

Houston, TX-based Hines Global Income Trust spent a total of $102 million on five self-storage properties in Greater Nashville, TN: one in Sylvan Park, one in Franklin, one in Hendersonville and two in Murfreesboro. All five are CubeSmart properties formerly owned by Nashville-based Nicol Investment Co. Ashley Compton of Colliers brokered the deal, which covers 3,204 units.

Harrison Street Capital bought two CubeSmart self-storage properties in the Seattle, WA area, for a combined cost of $69.9 million. Columbia Pacific Advisors, based in Seattle, was the seller both times. In one deal, Harrison Street bought a 129,261-square-foot site at 16750 Aurora Avenue N. in Shoreline for $32.5 million (pictured belo). The second transaction was for a 95,527-square-foot building at 15902 Woodinville-Redmond Road NE in Woodinville for $37.4 million. Harrison Street was founded in 2005 and has invested in senior housing, student housing, health care, life sciences, storage and more. The company has approximately $44 billion in assets under management. Source: The Registry

Gordon Storage sold a 10-acre industrial outdoor storage lot called AAA RV and Boat Storage, at 5775 Tennyson St. in Arvada, CO to Outdoor Acquisitions LLC, a Delaware LLC, for $8.05 million. Jason White and Nick Steitz of JLL served as the seller’s representatives. The buyers plan to operate the facility as is. The sellers bought the property in December 2020 for $5.65 million.  Source: Mile High CRE

Snapbox Self Storage bought a 900-unit self-storage facility in North Miami, FL, with Anna Siradze Hrdina, director of acquisitions, making Snapbox’s 58th purchase. Snapbox North Miami has approximately 110,000 square feet spread across four stories in a newly built structure at 15025 NE 18th Ave. Snapbox, based in Philadelphia, PA is a national self-storage management company that operates about 4 million square feet of storage. Source: Snapbox Self Storage

Marcus & Millichap arranged the sale of a Store Space-managed self-storage portfolio that has three properties, with one each in Atlanta, GA; Cincinnati, OH; and Orlando, FL…

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Alexander Harris