Manhattan-based Storage Deluxe purchased Storage Quarters, a 110,000-square-foot facility in Queens, for $27 million. Located at 31-40 Whitestone Expressway, the facility will be managed by CubeSmart. Storage Deluxe plans to renovate the existing facility and build a new 57,000-square-foot structure on site to create a 2,000 unit facility when completed.
Southern Self Storage purchased the 48,580-square-foot self-storage facility at 11860 N. Tower Drive in Fountain Hills, AZ for $6,1750,000 recently, marking the Palm Beach Gardens, FL-based operator’s first acquisition in Arizona. The facility was built in 1996 and features 446 storage units. It previously operated under the name Store Safe Self Storage. Tyler Bush, Tom Gustafson, and Gary Cooper of Colliers International represented the seller and procured the buyer.
Access Storage Now acquired the 25,000-square-foot facility at 428 N. Truman Road in Jasper, IN from Jasper Southgate Industries. The facility is Access Storage Now’s 10th location. Source: Dubois County Free Press
An unidentified buyer based in Salt Lake City purchased the two-property Baton Rouge Mini Storage portfolio in Baton Rouge, LA. The 95 percent occupied portfolio offers a total of 58,340 square feet. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. arranged the transaction.
The U-Store It self-storage facility at 15 Whitman Street in East Bridgewater, MA was sold to an unnamed buyer for $900,000. The 246-unit facility was developed in 1985 as an adaptive reuse of an old mill building. The sale was arranged by Connie Neville and Nick Malagisi of SVN. Source: Nerej.com
An unnamed buyer based in Dallas, TX purchased I-30 Self Storage in Mesquite, TX. The facility was 94 percent occupied at time of closing. The sale was arranged by Bellomy & Co.
A West Coast investor purchased the 70,962-square-foot self-storage facility at 401 Jonestown Road in Winston-Salem, NC for an undisclosed price. The 558-unit was built in 2014. The sale was arranged by Luke Elliott and Michael Mele of Marcus & Millichap.
SkyView Advisors represented the seller of Tri-State Self Storage, a portfolio of three facilities in the Philadelphia metro area. The three facilities offer more than 264,000 square feet of rentable space.
Dungan Storage Warehouses, a 19,453-square foot industrial property located at 1605 Dungan Lane in Austin, TX was sold recently, according to J. Michael Watson, regional manager of Marcus & Millichap’s San Antonio office. Mark V. Diebold and Jon Danklefs secured the buyer.
Newport Beach, CA-based Dahn Corporation recently purchased AAAA Self Storage located at 533 S. Lynnhaven Road in Virginia Beach, VA. The 57,275-square-foot facility was locally owned and managed. The property will be rebranded and managed by Mini U Storage.