In a joint venture with Dallas-based real estate developer Trammell Crow Co., a real estate affiliate of Mountain View, CA-based Google purchased Storage Solutions in San Jose, CA, for $32 million, according to The Mercury News in San Jose. As of May 1, 2018, the self-storage facility remained in business. It’s one of five Storage Solutions facilities in California. The two-story facility, formerly a warehouse, is slated to become part of Google’s proposed transit-oriented village in downtown San Jose. Storage Solutions, at 570 Cinnabar St., encompasses 105,000 square feet on 2.7 acres. Cushman & Wakefield was involved in brokering the deal.
Saratoga Springs, NY-based Prime Group Holdings LLC bought Monster Self Storage at 2248 N. Main St in Summerville, SC, for $8.03 million from affiliates of Walterboro, SC-based Carolina Self Storage Centers Inc. and Charleston, SC-based Adams Property Group, according to The Post and Courier in Charleston. The number of units and amount of square footage weren’t available.
Mason Mini Storage in Mason, MI, has changed hands for $3.275 million. The names of the buyer and seller weren’t disclosed. The facility, at 566 N. Cedar St., features 353 units in 52,160 net rentable square feet. The facility now operates as Five Star Store It. Farmington Hills, MI-based Pogoda Cos. was involved in brokering the deal.
Columbia, MO-based StorageMart bought two self-storage facilities in the Des Moines, IA, market for an undisclosed amount. The names of the sellers weren’t available. All told, the facilities — one in Des Moines and the other in Clive, IA — have 785 units and more than 100,000 net rentable square feet. The Des Moines facility is at 1900 Hackley Ave., and the Clive facility is at 2155 NW 94th St. StorageMart now operates 19 facilities in the Des Moines area.
Drexel Hill Storage in Drexel Hill, PA, has changed hands for $465,000. An unidentified private investor bought the facility from an unidentified seller. The number of units and amount of square footage weren’t provided. The address wasn’t available. York, PA-based Investment Real Estate LLC was involved in brokering the deal.
Husband-and-wife investors Jason Vanderpoorten and Christi Webb-Vanderpoorten of Meridian, MS, bought Cubbyhole Mini Storage in Hattiesburg, MS, for $265,000 from an unidentified seller. The facility, at 21 Rawls Springs Road, comprises 83 storage units and 11,350 net rentable square feet. Bill Barnhill and Shannon Barnhill Barnes, both of Mobile, AL-based Omega Properties Inc. and both affiliated with the Aurora, CO-based Argus Self Storage Sales Network, represented the seller and assisted the buyers.
A self-storage facility in New Market, TN, has changed hands. 11E Storage, at 1529 W. Highway 11E, was sold for $240,000. The names of the buyer and seller weren’t disclosed. The facility sits on more than 5 acres and features about 80 storage units. The amount of square footage wasn’t provided. NAI Koella/RM Moore in Knoxville, TN, was involved in brokering the deal.
An identified buyer in Houston, TX, purchased a CubeSmart-branded self-storage facility in Missouri City, TX, from Austin, TX-based Yellowstone Investments LLC for an undisclosed amount. The 54,400-square-foot facility features 434 units. The property, at 6400 State Highway 6, includes room for expansion. Bill Bellomy, Michael Johnson and John Arnold, all of Austin-based Bellomy & Co., represented the seller and found the buyer. Salt Lake City, UT-based REIT CubeSmart will continue to manage the facility for the new owner.
Bellomy & Co. also arranged the sale of The Storage Place in Danville, VA. The facility consists of 232 drive-up units totaling 29,055 rentable square feet in nine buildings. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. and Albert Muller of the Houston office of Stan Johnson Company represented the Danville based seller. Anne Williams with Marcus & Millichap represented the Roanoke, VA based buyer.
Anchor Bay Boat & RV Storage in Corinth, TX, has a new owner. An unidentified private investment group in Texas bought the 71,185-square-foot facility from an unidentified private investor. The purchase price wasn’t disclosed. The number of units wasn’t available. The facility is at 2750 W. Shady Shores Road. Brandon Karr of Marcus & Millichap’s office in Fort Worth, TX, represented the seller. Karr and team members Danny Cunningham and Will Parisi found the buyer.