Saratoga, NY-based Prime Group Holdings continues its high-priced acquisition streak in New York City with the $26.5 million purchase of two adjacent facilities in Queens. The properties at 109-09 180th Street and 180-05 110th Avenue span a combined 106,000 square feet. The property previously operated as a Treasure Island Storage facility and was sold by Cayre Equities. Source: The Real Deal.
Austin, TX-based Etude Capital Storage Holdings has closed on a 22-property self-storage portfolio with locations in Texas, Oklahoma and Florida. NKF Capital Markets completed debt and equity origination for the transaction.
“Raising the preferred equity and the senior debt as a part of the acquisition made this a challenging deal, but given the strength of the deal and the upside opportunities within the portfolio, there was a strong appetite from various capital sources,” said Aaron Swerdlin, vice chairman of NKF Markets.
Due to confidentiality reasons, seller information and purchase price was withheld. The portfolio spans 1.1 million net rentable square feet of storage space, and has 500,000 square feet of planned expansion available.
National Storage Affiliates purchased Steelcreek Self Storage in Wichita, KS. The 409-unit facility spans 93,300 square feet. Bill Bellomy and Micheal Johnson of Bellomy & Co. represented the Dallas-based seller and procured the buyer. Purchase price was not available.
An unidentified buyer purchased the 50,466-square-foot self-storage facility at 6 Smith Lane in Londonderry, NH. The facility was managed by Life Storage. Ryan Clark and Parker Sweet of Skyview Advisors represented the seller, which was also unidentified. Purchase price was not disclosed.
A private investor purchased Hemet Self Storage, a 77,758-square-foot facility located in Hemet, CA. Purchase price was unavailable. The Mele Group division of Marcus & Millichap arranged the transaction.