In a $8.9 million deal, Arizona Storage Inns in Mesa, AZ has changed hands. The buyer and the seller, both represented by Bill Alter of Rein & Grossoehme Commercial Real Estate in Scottsdale, AZ, weren’t identified. The 92,180-square-foot facility, at 1750 N. Country Club Drive, consists of 807 self-storage units as well as 191 parking spaces for boats and RVs. The facility now appears on the website of Irvine, CA-based US Storage Centers. Phoenix, AZ-based BPI Capital Management Inc. operates the Arizona Storage Inns portfolio.
US Storage Centers acquired the 1,545 unit, 107,606-square-foot self storage facility located at 1910 S. Christopher Columbus Boulevard, in Philadelphia for an undisclosed amount. The facility, Philly Self Storage, will be rebranded under the US Storage Centers flag. Nick Malagisi of SVN Commercial Realty represented both buyer and the seller in the transaction.
Ladera Ranch, CA-based Strategic Storage Growth Trust Inc., a public non-traded REIT sponsored by SmartStop Asset Management LLC, bought a self-storage facility in Chula Vista, CA, from an unidentified developer. The purchase price wasn’t available. The newly built 895-unit facility, at 2380 Fenton St., has 86,700 square feet and sits on about 1.5 acres. The three-building property was acquired through a certificate-of-occupancy deal. Jim Lewis and Greg Wells, both of Cushman & Wakefield, had the listing.
Monster Self Storage in Hardeeville, SC, has a new owner. David Spencer and Monty Spencer, both of The Storage Acquisition Group in Yorktown, VA, handled the sale. The names of the buyer and seller weren’t available. The purchase price wasn’t disclosed. The facility, at 1689 Brickyard Road, has 555 self-storage units and covers 85,275 gross square feet.