Public Storage purchased a six-facility self-storage portfolio in the Minneapolis-St. Paul, MN, area for an undisclosed amount from an unnamed seller. The square footage amounts and unit counts for the facilities also weren’t available. The properties are in Bloomington, Edina, Hutchinson, Lakeville, Minneapolis and New Hope. Public Storage said the facilities either are fairly new or were recently remodeled. The acquisitions boosted the REIT’s presence in Minnesota by 12 percent. During its second-quarter earnings call, Public Storage reported it had 14 facilities under contract for about $95 million, including the six-facility portfolio in Minneapolis-St. Paul.
Public Storage purchased Sentry Self Storage in Houston, TX, from an unidentified institutional seller for an undisclosed amount. The facility sits on 5 acres at 707 Maxey Road and features 941 units in 104,025 net rentable square feet. Hugh Horne of Los Angeles, CA-based Charmel Storage Capital and Bill Bellomy and Michael Johnson, both of Austin, TX-based Bellomy & Co., represented the seller and found the buyer. The facility is being rebranded as Public Storage.
Raleigh, NC-based 10 Federal purchased Storage One Self Storage in Camden, SC, from Storage 24/7 LLC for $3.33 million. The facility is at 338 Sumter Highway. The amount of square footage and the number of units weren’t available.
Treasure Island Storage in Queens, NY, has changed hands. Buyer and seller identities weren’t available. The facility, at 109-09 180th St., encompasses 1,089 units in 106,000 gross square feet. Bill Sitar Jr. and Monty Spencer, both of Yorktown, VA-based The Storage Acquisition Group, brokered the deal.
An unidentified self-storage operator purchased Eagle’s Nest Storage in Humble, TX, from an unidentified seller. The facility, at 11950 Will Clayton Parkway, offers 426 units in 119,470 square feet. Dave Knobler of Marcus & Millichap’s office in Houston, TX, and Chico LeClaire of Marcus & Millichap’s office in Denver, CO, represented the seller. The facility now operates under the Morningstar Storage brand.
Katy, TX-based Pinnacle Storage Properties purchased AA Climate Controlled Storage in Montgomery, TX, from an unidentified seller. The facility, at 18455 State Highway 105 West, offers 483 units in 58,685 net rentable square feet. Bill Bellomy and Michael Johnson, both of Bellomy & Co., represented the Houston, TX-based seller and found the buyer.
Clinton Highway Self Storage in Knoxville, TN, has a new owner. The names of the buyer and seller weren’t available. The facility, on 10.5 acres at 6001 Clinton Highway, offers 396 units in 43,825 net rentable square feet. Ryan Clark and Cameron Vale, both of Tampa, FL-based SkyView Advisors, represented the seller.