Sold! The Villages self-storage facility trades for $8.8 million

Bruce Goldberg
February 8, 2023

CBRE announced the $8.8 million sale of a self-storage facility in The Villages, FL, one of the best-known master-planned communities in the nation, and it has more than 80,000 households. Coleman Self Storage LLP was the seller and Allendale Ventures LLC the buyer. The facility has 335 units spread across 51,575 square feet.

Source: CBRE

Michael Morrison of Midcoast Properties Inc. represented the seller in the sale of LaFayette Storage Solutions in LaFayette, GA. An out-of-state buyer made the purchase, which includes two offices in LaFayette with a combined 37,230 RSF. LaFayette Storage Solutions North, at 3296 N. 27 Highway, has 74 drive-up units with 8,700 RSF. LaFayette Storage Solutions South, 501 Grant St., has 189 drive-up units with 28,530 RSF. The company is located about 39 miles south of Chattanooga, TN. Source: Midcoast Properties

Versal arranged the sale of West Loop Storage in Athens, TX, about 70 miles southeast of Dallas. It has 162 units. The site includes a 2.6-acre parcel for expansion and has 29,999 NRSF of non-climate-controlled space. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and found the buyer, both of which are Texas-based LLCs. Source: RE Business Online

Marcus & Millichap

Marcus & Millichap brokered the sale of Smart Self Storage in Texas City, about 45 miles southeast of Houston. It has 281 units and totals 29,549 NRSF across 204 climate-controlled and 77 non-climate-controlled units. Dave Knobler, Jon Danklefs, Ray Kang and Brad Weigel represented the seller, an LLC, and found the buyer, a publicly traded REIT. Source: RE Business Online

Marcus & Millichap announced the sale of Afton-Chuckey Self Storage in Afton, TN. It has 40,594 square feet and sits on 4.35 acres. The site includes 49 climate-controlled units and 279 non-climate-controlled units. Gabriel Coe, Brett R. Hatcher and Nathan Coe had the listing, and also represented the buyer. Jody McKibben, Tennessee broker of record, helped close the transaction. Both the buyer and seller are partnerships. Source: Marcus & Millichap

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