Valley Storage Co. purchased the 122,239-square-foot self-storage facility at 34425 Lorain Road in North Ridgeview, OH for $3.8 million (pictured at top). The seller, Fields Stor-All LTD, was represented by Ryan Clark of SkyView Advisors. Valley Storage is owned by Todd and Tina Snook, and has 15 locations throughout Maryland, Ohio, Pennsylvania, Virginia and West Virginia. The facility will be managed by Storage Asset Management of York, PA.
Compass Self Storage purchased a portfolio of three facilities in Montgomery, AL for an undisclosed price. The three stores offer a combined 166,000 square feet of space and are located as follows: 4220 Troy Highway, 4365 Virginia Loop and 200 S. Arrowhead Drive. Montgomery is a new market for the storage operator, which now operates 76 facilities nationally. Ryan Clark of Skyview Advisors represented the seller, Isaacson Family Enterprises LLC.
Philadelphia Self Storage Capital Partners purchased two facilities from Little Rock Self Storage LLC for $5.2 million, according to Arkansas Business.The 376-unit facility at 8015 Geyser Springs Road sold for $3.16 million and the 562-unit facility at 6100 Leon Circle sold for $2 million.
Meridian South Storage LLC recently purchased the self-storage facility at 15215 SE 272nd Street in Kent, WA for $3.65 million, property records show.
A private investor recently purchased All Around Storage at W12908 State Road 16 in Wisconsin Dells, WI for an undisclosed price. The facility was constructed in 2013 and consists of seven single-story storage buildings providing a total of 246 non-climate controlled units. Sean Delaney, Michael Mele and Jon Ruzicka of Marcus & Millichap represented the seller, and Jason Hornik and Greg Price of Marcus & Millichap’s Denver office represented the buyer.
Andover Properties, operator of Storage King USA, purchased Route 80 Storage at 11351 Palm Beach Boulevard in Fort Myers, FL for an undisclosed price. The facility has only 21,000 square feet of storage space, but up to 25,000 square feet dedicated for RV parking. Michael Wachsman, director of acquisitions, said the company plans to build an additional 50,000 square feet of storage space on site.