The William Warren Group purchased three self-storage facilities in Miami-Dade County for $100 million. The facilities were sold by CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties, operator of US Storage Centers. The facilities are located at 1396 Northeast 125th Street, 1555 West Dixie Highway and 13301 Southwest 87th Avenue. William Warren Group operates the StorQuest brand. Source: The Real Deal
US Storage Centers acquired three self-storage facilities in Nashville, TN from A+ Self Storage.
“We have made a concerted effort to grow and be competitive in the Nashville area,” said Charles Byerly, President and CEO of US Storage Centers. “These three new institutional quality assets provide even better branding and operational efficiencies to our already strong existing portfolio in this area.”
The facilities are located as follows:
- 641 units, 68,660-square-feet at 5565 Murfreesboro Road in La Vergne.
- 485 units, 59,590-square-feet at 211 New Paul Road in La Vergne.
- 528 units, 67,113-square-feet at 2001 Johnson Industrial Boulevard in Nolensville.
Purchase price was not disclosed.
Red Dot Storage purchased its 116th property recently, a 301-unit facility at 23800 U.S. Highway 98 in Fairhope Alabama. The operator will upgrade the 43,856-square-foot-facility with a new access control system, fencing, lighting, video and 24-hour rentals. The facility, Montrose Storage, is the company’s 11th location in Alabama.
Higley Self-Storage of Broadway in Mesa, AZ was purchased by a private investor for an undisclosed price. The brand new 50,000-square-foot facility was built at 457 South Higley Road. The developer was also private. Luke Elliott, Devin Beasley and Michael Mele of Marcus & Milichap arranged the sale.
StorageMart acquired a 104,000-square-foot facility in Omaha, NE. Cornerstone Storage at 6099 Irvington Road (and its annex at 6556 N. 90th Plaza) consist of 13 storage buildings featuring 433 units.
Store Space Self Storage purchased three self-storage facilities in Philadelphia, PA spanning a total of 235,000 square feet of rental space. The properties are located at 335 E. Price Street, 3100 C Street and 5134 Lancaster Avenue. The facilities were sold by Storage King USA.