Strategic Storage Growth Trust II Inc., a REIT sponsored by Ladera Ranch, CA-based SmartStop Asset Management LLC, purchased a CubeSmart-branded facility in Sacramento, CA, from an unidentified seller for $15.6 million. The facility, on 5.68 acres at 9950 Mills Station Road, features 1,029 units in about 94,000 square feet. This was the REIT’s first acquisition.
Bill Alter of Scottsdale, AZ-based Rein & Grossoehme Commercial Real Estate handled the $2 million-plus sale of EZ 8 Self Storage in Tucson, AZ. The list price was $2.5 million. The buyer and seller weren’t identified. The facility, on 2.31 acres at 702 W. Silverlake Road, comprises 349 units in 34,105 square feet. The facility now operates under the CubeSmart brand.
Bill Bellomy and Michael Johnson of Austin, TX-based Bellomy & Co. represented the Dallas, TX-based seller of Move It Self Storage in Liberty Hill, TX. Neil Stokes of Austin-based Special Agent Group represented the Austin-based buyer. The purchase price wasn’t disclosed. The facility, on 5.14 acres at 15725 W. State Highway 29, offers 451 units in 67,980 net rentable square feet.
Dale Eisenman of Hilton Head Island, SC-based Midcoast Properties Inc. represented the unidentified seller of Stowaway Self Storage in Augusta, GA. The buyer wasn’t identified. The purchase price wasn’t disclosed. The facility, on 7 acres at 3044 Washington Road, features 900 units in about 110,400 rentable square feet. The property includes an apartment. The facility now operates under the SecurCare Self Storage brand, part of Lone Tree, CO-based SecurCare Self Storage Inc.
David Spencer and Monty Spencer Jr. of Yorktown, VA-based The Storage Acquisition Group handled the sale of an Extra Space Storage facility in Asheville, NC. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility, at 701 Bleachery Blvd., features 734 units in 77,510 rentable square feet. Carla Barnard of Keller Williams Professionals Realty in Asheville was the broker of record. The facility now operates under the Prime Storage brand, part of Saratoga Springs, NY-based Prime Group Holdings LLC.
Brandon Karr and Danny Cunningham of the Fort Worth, TX office of Marcus & Millichap, represented the unidentified seller and found the unidentified California-based buyer for McKinney Self Storage in McKinney, TX. The purchase price wasn’t disclosed. The facility, on 4.05 acres at 3920 South Ridge Road, offers 586 units in 72,485 square feet.
Jane Sauls and Luke Sauls of Carrollton, GA-based Commercial Realty Services of West Georgia, an affiliate of the Argus Self Storage Sales Network, represented the seller and assisted the buyer in the sale of Hillcrest Storage in Mableton, GA. The facility, on 1.2 acres at 355 S. Gordon Road SW, comprises 115 units in 14,800 square feet.
