Williamsville, NY-based Life Storage Inc. sold 32 self-storage facilities to an affiliate of The Inland Real Estate Group of Cos. Inc., based in Oak Brook, IL, for an undisclosed amount. The square footage and unit count weren’t available. The properties are in Louisiana, Mississippi, North Carolina, South Carolina and Texas. Life Storage will manage the facilities for Inland.
Pogoda Cos. (Farmington Hills, MI) reports:
The company purchased three self-storage facilities in Michigan for an undisclosed amount. The seller wasn’t identified. The facilities are at 1100 Oakman Blvd. in Detroit, 800 Martin Luther King Blvd. South in Pontiac and 5215 Curtis Road in Traverse City. The three facilities encompass 1,521 units across 170,666 square feet. The properties now operate under the National Storage Center brand.
Strategic Development Group LLC (Phoenix, AZ) reports:
The company sold Happy Valley Self-Storage in Phoenix for an undisclosed amount to Ladera Ranch, CA-based SmartStop Self Storage Inc. The facility, at 1740 W. Happy Valley Road, features more than 550 units in 80,000 square feet.
The Loeffler Self-Storage Group Inc. (El Dorado Hills, CA) reports:
Bobby Loeffler and Tyler Skelly represented the seller, CP Partners of California, in the $6.95 million deal for Best Value Mini Storage in Redding, CA. The buyer wasn’t identified. The facility, on 5.29 acres at 340 Lake Blvd., comprises 521 units in 64,797 net rentable square feet.
Marcus & Millichap reports:
- Christopher Secreto of the company’s office in Seattle, WA, represented the unidentified seller and found the unidentified buyer of Affordable Self Storage in Bothwell, WA. The purchase price was $6 million. The facility, at 1621 196th St. Southeast, offers 290 units in 38,725 square feet. The unit count wasn’t available.
- The Hatcher Group in the company’s office in Columbus, OH, closed the sale of Camp Horne Self Storage in Pittsburgh, PA. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility, on 4.39 acres at 180 Camp Horn Road, offers 447 units in 52,344 net rentable square feet.
The Colliers International Self Storage Group reports:
The company closed the sale of a CubeSmart-managed facility in Murfreesboro, TN, to Nashville, TN-based Nicol Investment Co. LLC. The seller was Bobby Kirby of McMinnville, TN-based Investment Partners LLC. The purchase price wasn’t disclosed. The facility, at 2148 Medical Center Parkway, features 594 units in 67,085 rentable square feet.
SkyView Advisors (Tampa, FL) reports:
Zack Urow and Ryan Clark represented the seller of American Mini Storage in Pensacola, FL. The buyer wasn’t identified; the purchase price wasn’t disclosed. The facility, at 801 S. Old Corry Field Road, features 540 units in 53,100 net rentable square feet.
Nye Commercial Advisors (Wesley Chapel, FL) reports:
Patrick Kidder brokered the sale of 54 U-Store in Lutz, FL. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility, on 19 acres at 23830 State Road 54, consists of 934 units (including 133 RV parking spaces) in 99,334 net rentable square feet. The facility will operate under the Midgard Self Storage brand.
The Argus Self Storage Sales Network (Aurora, CO) reports:
Joan Lucas of Denver, CO-based Joan Lucas Real Estate Services closed the sale of Sunnyvale Self Storage in Longmont, CO. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility, on 1.74 acres at 820 Lashley St., features 28,304 rentable square feet. The unit count wasn’t available.
