Raleigh, NC-based 10 Federal purchased a four-facility Econostor self-storage portfolio in the Atlanta, GA, area and an American Mini Storage facility in Leland, NC.
The sellers weren’t identified. The purchase prices weren’t disclosed. Further details about the facilities weren’t available.
The acquisitions were made through 10 Federal Self Storage Acquisition Co. 2 LLC. The facilities will be converted to the company’s unmanned, automated platform.
EquiCap Commercial LLC (St. Charles, IL) and Marcus and Millichap report:
Jesse Luke of EquiCap Commercial, along with Anne Williams of Marcus & Millichap’s office in Memphis, TN, and Brian Hosey of Marcus and Millichap’s office in Saddle Brook, NJ, closed the sale of Clermont Self Storage in Cape May Courthouse, NJ. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility, at 27 Clermont Drive, offers 292 units in 38,780 rentable square feet.
Argus Self Storage Sales Network (Aurora, CO) reports:
Joe Mendola of NAI Norwood Group in Bedford, NH, represented the seller and assisted the buyer of Boscawen Mini Storage in Boscawen, NH. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The square footage and unit count weren’t available. Aside from self-storage units, the property, at 146 King St., features a barbecue restaurant.