Charmel Storage Capital, a Los Angeles-based boutique commercial real estate brokerage firm focused exclusively on the self storage product type, recently arranged the sale of two U.S. self-storage facilities to Merit Hill Capital.
The firm represented the seller of Conyers Self Storage in Conyers, GA. The facility offers 59,253 square feet of storage unit space and 16,320 square feet of boat and RV storage.
Charmel also represented the private seller of Secured Self Storage in Lake Elsinore, California. That property consists of 67,495 rentable square feet of single story space and 562 units.
JLL reports the following:
Advantage Self Storage and Harrison Street purchased Lakewood Self Storage, an 872-unit, climate-controlled, newly constructed self-storage facility in the Denver-area community of Lakewood, Colorado. JLL represented the seller, Banner Lakewood Storage, LLC, an affiliate of Banner Real Estate Group. Lakewood Self Storage comprises one three-story building that houses 872 climate-controlled units along with 10,000 square feet of rentable retail space. The facility, located at 9300 W. Colfax Avenue was completed in June 2018. The JLL Capital Markets team was led by Managing Director Stephen Mellon and Brian Somoza along with Senior Vice President Paul Schloff.
Marcus & Millichap reports the following:
Marcus & Millichap arranged the sale of Cedar Storage in Cedar Rapids, IA. The asset sold for $5.5 million to the buyer, a private investor. The property, which offers 374 units, was sold by an individual trust. The facility covers 83,286 square feet overall and also offers RV and boat storage. Britney Hendricks and Sean Delaney of Marcus & Millichap represented both buyer and seller.