Holliday Fenoglio Fowler LP (HFF) represented the seller of Charlotte Pike Storage in Nashville, TN. The buyer was Charlotte, NC-based Proffitt Dixon Partners LLC; the seller was Dallas, TX-based Provident Realty Advisors Inc. The Nashville Post reported the sale price was $16.1 million.
The facility, on 1.49 acres at 512 26 Avenue North, encompasses 952 units in 88,175 square feet. HFF arranged acquisition financing for the new owner. HFF’s Barbara Guffey of Houston, TX; Jason Nettles of Atlanta, GA; and Brent Bowman and Travis Anderson, both of Charlotte, were involved in the deal. Glendale, CA-based Public Storage now manages the facility; Malvern, PA-based CubeSmart previously managed it.
Cameron Vale and Ryan Clark of Tampa, FL-based SkyView Advisors represented the seller of Michigan Storage Centers in Madison Heights, MI. The buyer and seller weren’t identified; the purchase price wasn’t disclosed. The facility, on 2.67 acres at 1020 W. 13 Mile Road, offers 650 units in 86,730 net rentable square feet.
Jesse Luke of St. Charles, IL-based EquiCap Commercial LLC and Mark Floria of Farmington Hills, MI-based Pogoda Cos. arranged the sale of Battle Creek Self Storage in Battle Creek, MI. The buyer was St. Louis, MO-based StayLock Self Storage; the seller was an unidentified partnership based in the Midwest. The purchase price wasn’t disclosed. The facility, at 1061 E. Michigan Ave., features 398 units in 53,480 net rentable square feet.
Ladera Ranch, CA-based Strategic Storage Growth Trust II Inc. purchased Happy Valley Self Storage in Phoenix, AZ, for an undisclosed amount. The seller wasn’t identified. The facility, at 1740 W. Happy Valley Road, provides 587 units; the square footage wasn’t available.
Chris Davis of Salisbury, MD-based SVN – Miller Commercial Real Estate represented the buyers and seller of Acorn Mini Storage in Denton, MD. The buyers were David and Janet Flessas. The seller wasn’t identified. The purchase price wasn’t disclosed. The facility, at 25737 Sennett Road, offers 124 units in 17,600 square feet; a rental home was included in the deal. The facility now operates as Caroline Self Storage.