Extra Space Storage recently purchased a newly built self-storage facility in Maple Grove, MN for $10.153 million. The 808-unit self-storage facility at 13000 N. 63rd Avenue was sold by the builder, Corcoran, MN-based Ebert Construction. Source: Finance & Commerce.
Storage Post Self-Storage acquired a 3-story self-storage facility in Haledon, New Jersey for an undisclosed price. Square footage and unit count information were not released. The converted schoolhouse was originally built in 1894 and re-developed into a self-storage facility in 1994.
Strategic Storage Trust IV, Inc. has purchased a newly constructed self-storage facility in Surprise, AZ. The buyer is a public non-traded real estate investment trust sponsored by SmartStop Self Storage. The 716-unit facility is located at 13788 W. Greenway Road in Surprise, which is part of the Phoenix suburbs. The 79,000-square-foot facility was constructed in 2019. The facility will operate as a SmartStop Self Storage facility.
VanWest Partners added two self-storage facilities to its VanWest Storage Fund I, LLC with the acquisition of All In Self Storage in Walkertown, North Carolina, and StorMor Self Storage in Salisbury, North Carolina. The fund has added five self-storage centers to its portfolio this year since launching in April. All In Self Storage, built in 2017, at 2875 Rocky Branch Road in Walkertown features 315 storage units and 45,575 square feet. StorMor Self Storage, located at 4185 Statesville Blvd in Salisbury, was acquired on November 6th, 2019. Built in 2006, it contains 282 units totaling 49,600 square feet. VanWest plans to rebrand both facilities under its ClearHome Self Storage.
Marcus & Millichap reports the following:
An unidentified buyer purchased Affordable Self Storage at 3501 14th Street Pl SW in Puyallup, WA for $6 million. That’s $152 per rentable square foot; the facility spans 39,500 square feet. Christopher Secreto of the firm’s Seattle office listed the property for the Washington-based seller and secured the buyer. “The sellers are diversifying away from self-storage, while the buyers were adding to a self-storage portfolio.” said Secreto.