A pair of Lock It Up Self-Storage facilities in Northern California have changed hands in separate deals totaling $27.8 million.
An unidentified multifamily investor purchased the 517-unit facility at 220 W. Ahwanee Ave. in Sunnyvale, CA; it has 44,781 net rentable square feet. The purchase price was $15.5 million. Meanwhile, an unidentified private investor purchased the 637-unit facility at 38491 Fremont Blvd. in Fremont, CA; it has 54,500 net rentable square feet and six RV spaces. The purchase price was $12.3 million.
Both facilities now operate under The Storage Spot brand. Adam Levin of Marcus & Millichap’s office in Palo Alto, CA, and Jacob Becher of Marcus & Millichap’s office in Seattle, WA, represented the seller and buyers.
Morristown, NJ-based The Hampshire Cos. purchased a self-storage facility in Hartford, CT, from an unidentified seller for an undisclosed amount. The new owner recently completed a project to expand and upgrade the property, which is managed by Extra Space Storage. The facility, at 1407 Park St., now encompasses 712 units in 106,500 square feet.
An unidentified private investor in Gladstone, MO, purchased De Soto KS Self-Storage in De Soto, KS, from Waldron, MO-based CKC Holdings LLC for an undisclosed amount. The facility, at 9520 Lexington Ave., offers 331 units in 41,555 net rentable square feet. Bill Bellomy and Michael Johnson, both of Austin, TX-based Bellomy & Co., represented the seller and found the buyer.
DEStorage.com, a subsidiary of Dover, DE-based Investors Realty Inc., purchased Barton’s Mini-Storage in Seaford, DE, from an unidentified seller for an undisclosed amount, according to the Sussex Countian newspaper. The facility is at 20689 Sussex Highway; the square footage and unit count weren’t available.
Private investor Stephanie Walters purchased Cedar Hill Storage in Cedar Hill, MO, from an unidentified seller for an undisclosed amount. The facility, at 6645 Mall Drive, offers 211 units in 127,250 square feet. Scott Meyers & Self Storage Investing mentor Marie Terada of Brilliant Property Investments LLC in Battle Creek, MI, helped close the deal.