StorageMart added two new self-storage properties to its portfolio, including one in its hometown of Columbia, MO. The facility is located at 1500 Creekwood Parkway. It covers 42,200 NRSF, holds 312 units and has car parking. The other facility is located in...
Acquisitions
Sold! Houston-area self-storage facility changes hands
Houston-based Lakewood Realty Investments LLC purchased Spartan Storage, a facility in Montgomery, Texas. The property features 64 units and a total of 19,998 square feet. The facility is located 43 miles from downtown Houston. Lakewood was represented by Versal,...
Sold! Storage King USA buys Texas RV storage facility
Andover Properties purchased Storage King USA on Dec. 5. The latter is located at 13397 Camino Real in Niederwald, TX. It has 68,400 square feet of drive-up storage and covered RV spaces. Andover plans to expand the facility by 100,000 square feet. Source: Community...
Sold! U-Haul buying 78 locations from W.P. Carey for $465 million
W.P. Carey is selling 78-facilities to U-Haul affiliates for a total of $465 million. The publicly traded REIT had previously leased the sites to U-Haul for the last 20 years. The portfolio spanned 69 cities in 24 states. The proceeds will boost W.P. Carey's...
Sold! Hearthfire enters Oklahoma market with Tulsa self-storage purchase
Hearthfire entered the Oklahoma market by purchasing 2817 N. Peoria Ave. in Tulsa. The site has 22,900 square feet spread across 11 acres that is planned to expand to 86,000+ square feet and 800+ units, with both climate- and nonclimate-controlled units. Hearthfire...
Sold! DXD Capital snaps up 7-property portfolio in Colorado
DXD Capital, a New Mexico self-storage private equity firm, purchased the Hill & Homes Self-Storage portfolio in Colorado's western slope. The portfolio has 135,050 square feet across seven buildings, which house 922 units. Thomas Parsons, first vice president of...
Sold! Devon Self Storage sells majority stake to Inland Real Estate
The Inland Real Estate Group of Companies is buying a majority interest in U.S. self-storage operator Devon Self Storage Holdings. Devon, founded in 1988, manages 202 properties and about 109,000 units nationwide. It has owned, managed or developed more than 350...
Sold! 10 Federal adds two facilities to its remotely-managed storage portfolio
10 Federal, which operates a portfolio of remotely-managed self-storage facilities recently acquired two storage properties in Tennessee and Texas. The company also announced it surpassed $16 million in Q4 fundraising with its fourth self-storage offering. The company...
Sold! Blumenfeld Development buys two Queens facilities for $122 million
Blumenfeld Development Group of Syosset, NY, which is part of Long Island, paid $122 million for two self-storage properties in Flushing and Woodside, both in Queens. The company purchased the 159,000-square-foot 34-09 College Point Blvd. in western Flushing for $72...
Sold! Out-of-state buyer scoops up South Carolina storage site
Midcoast Properties Inc. announced the sale of Capstone Self Storage at 561 N. Pike East in Sumter, SC. An out-of-state buyer made the purchase. Midcoast’s Michael Morrison represented the seller. The facility sits on 2.1 acres and has 84 drive-up units spread across...
Sold! SecureSpace purchases managed self-storage facility in Pennsylvania
SecureSpace Self Storage purchased an existing self-storage property in Blue Bell, PA, which SecureSpace previously managed. SecureSpace Blue Bell is its name and it’s located in a Philadelphia suburb. The three-story facility at 1950 Skippack Pike offers 78,097...
Sold! Gelt sells 677-unit self-storage asset in Pasadena
Gelt Ventures announced the sale of South Pasadena Storage, a 677-unit self-storage facility in South Pasadena, CA for an undisclosed price to an institutional buyer. The six-building property includes 642 indoor storage units, 34 outdoor rental spaces, a live/work...
Sold! Rosewood Property Co. closes on trio of Sunbelt storage facilities
Dallas, TX-based Rosewood Property Co. acquired three self-storage facilities in Vista, CA; Tempe, AZ and Las Vegas, NV. That brings the company’s total to 82 self-storage facilities nationwide. The Vista property, located at 1317 N. Melrose Drive, is a...
Sold! Andover Properties picks up Florida facility for $6.85 million
Andover Properties, operator of the Storage King USA chain of self-storage facilities, has purchased Barefoot Mini Storage in Micco, FL for $6.85 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor. Nick Waller of CBRE said that they...
Sold! Buchanan Street secures California facility for $20.75 million
Buchanan Street Partners LP, based in Newport Beach, CA, has entered the Northern California market by purchasing a self-storage facility at 12200 Rock Creek Road in Auburn, CA. The selling price was $20.75 million. It has 116,500 square feet spread across 825 units...
Sold! SSGT fund purchases Florida facility for $19.5 million
Strategic Storage Growth Trusts III Inc. purchased a storage facility in Tamarac, FL for $19.5 million from Blue Vista Capital Management and SouthWestern Property. The site has approximately 69,000 NRSF that include a five-story building with about 760...
Sold! Kingman, AZ facility trades for $6.5 million
Jeff Gorden of The Gorden Cos. represented the seller and arranged the $6.5 million sale of GuardAll Self Storage in Kingman, AZ. The property has 1.3 acres and 409 units. The facility was 96% occupied and had an annualized revenue of $509,800. Gorden is the Arizona...
Sold! Prime Group Holdings snaps up four more facilities
Prime Group Holdings LLC, based in Saratoga Springs, NY, announced it purchased four self-storage properties that total approximately 362,000 rentable square feet spread across 3,540 units in Florida, New York and North Carolina. Four transactions were involved in the...
Sold! U-Haul buys converted self-storage center in Mitchell, SD
U-Haul purchased a Simply Stor-It that’s located in the former Palace Mall at 1801 N. Main St. in Mitchell, SD. It’s the first U-Haul-operated facility in Mitchell. It has 329 units and 48 indoor parking spots, and a total of 8,800 square feet of climate-controlled...
Sold! Public Storage completes purchase of Simply Self Storage
Public Storage completed its previously announced purchase of Simply Self Storage from the Blackstone Real Estate Income Trust Inc. for $2.2 billion. There are 127 fully owned properties in the portfolio and 9 million NRSF across 18 states – in markets with population...
Former Life Storage execs acquire business from Extra Space Storage
Warehouse Anywhere is now a standalone business following a deal between a group of former Life Storage employees and Extra Space Storage (NYSE: EXR). Extra Space sold the Warehouse Anywhere division of Life Storage to the new operators after acquiring the subsidiary...
Sold! Long Beach Storage Center trades in California
Tampa, FL-based SkyView Advisors closed on Long Beach Storage Center at 1700 Santa Fe Ave. in Long Beach, CA. The facility has 22,625 NRSF, with 384 units spread across two stories. Overall, it has 1.03 acres. The site is near full capacity. Andrew Sacks, senior...
Sold! Spartan expands with three new FreeUp Storage facilities
Spartan Investment Group of Golden, CO closed on three self-storage deals – in Belleview, FL; Pea Ridge, AR and Kingsland, GA - in the company’s growth fund. The Belleview location is a 4.63-acre lot, and Spartan plans to start ground-up development of a 550-unit...
Sold! StorSafe finds its 25th self-storage facility in Florida
StorSafe announced its acquisition of “The Extra Closet” located at 124 Warfield Ave. in Venice, FL. The deal brings the company to a total of 25 locations and over 1.3 million square feet of storage space. StorSafe continues to focus on single story value-add...
Sold! Blue Vista buys multiple storage developments
Blue Vista Capital Management announced it purchased 11 self-storage, industrial/flex and build-to-rent properties in six states between March and June this year. They include include five self-storage assets in Florida and Arizona, five industrial/flex properties in...
Sold! Storage facility in NC sells for $20.5 million
The Storage Acquisition Group facilitated the $20.5 million sale of River Rock Storage located at 4220 Forbes Road, Gastonia, NC. Jonathan Spencer, Scott Heckert and Jonathan Spencer of Storage Acquisition Group helped seal the deal. River Rock Storage has 124,374...
Sold! Storage King scores facility in Naples, FL
Andover Properties purchased Jim’s Stowaway, a 105,000-square-foot self-storage facility at 3527 Radio Road in Naples, FL from a private owner. The property, which has 13 buildings across 8.1 acres, will operate as Storage King USA. The facility has 600 units,...
Sold! Four-property portfolio in FL sells for $10.1 million
An unnamed private investor purchased the Gadsden Mini Storage Portfolio, a 95,800-square-foot package in Quincy, FL, with a total of 701 units, for $10.135 million (below). The portfolio, located near Tallahassee, includes four properties. Hunter Robey and Chris...
Sold! Marcus & Millichap facilitates sales of Texas storage sites
The LeClaire-Schlosser Group of Marcus & Millichap announced the sale of AA Storage in Houston, TX. The facility has 49,539 NRSF. Dave Knobler and Charles LeClaire had the listing to market the property for the seller and also found the buyer. Marcus &...
Sold! Safeguard acquires 1,252-unit facility in Yonkers, NY
Safeguard Self Storage has purchased a 1,252-unit, 132,000-square-foot facility at 324 Nepperhan Ave. in Yonkers, NY. Safeguard’s presence in Yonkers also includes a soon-to-open location at 390 Riverdale Ave. and another one at 188 S. Broadway. The Nepperhan location...
Sold! Wentworth Properties buys newly built storage facility in Florida
CBRE’s Self-Storage Advisory Group brokered the $23.1 million sale of a newly built facility, Windermere Storage, in Orlando, FL. The 89,145 square foot facility is located at 8550 Old Winter Garden Road. CBRE represented the seller, locally based Schrimsher...
Sold! Investor group buys Wisconsin self-storage portfolio for $34.2 million
Limited liability companies led by Arkansas-based businessmen Patrick Byrd and Alex Baumeister purchased an 11-property portfolio of self-storage facilities in Green Bay, WI for $34.2 million. The Lok Safe Storage portfolio spans a total of 475,141 square feet. The...
Sold! SmartStop secures eight-facility portfolio in Toronto
SmartStop Self Storage REIT Inc., based in Ladera Ranch, CA, announced that its affiliates, Strategic Storage Trust VI Inc. and Strategic Growth Trust III purchased an eight-facility portfolio in the Greater Toronto Area, totaling about 7,400 units and 758,000...
Sold! VanWest Partners acquires 150,000 sq.ft. site in Green Bay
VanWest Partners announced the ninth self-storage buy for VanWest Storage Fund III, which launched in April 2022 and now has over $67 million in total capitalization. The new facility is in Green Bay, WI – VanWest’s seventh facility in the Wisconsin market – and it...
Sold! Compass Self Storage enters Houston MSA with latest buy
Compass Self Storage purchased a self-storage center at 25528 Aldine Westfield Road in Spring, TX. Charles LeClaire and Dave Knobler from The LeClair Group of Marcus & Millichap brokered the transaction. It marks Compass’ first location in the Houston market....
Sold: Utah’s largest storage facility gets a new owner
Utah’s largest self-storage facility has traded hands. Storage General Cedar, located in Cedar City, spans more than 456,758 square feet and has 2,133 units. The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale, representing both buyer and seller....
Sold! Rosewood Property buys first facility in Arizona
Rosewood Property Co. bought a new self-storage facility at 770 N. Kolb Road in Tucson, AZ. It’s the company’s 78th facility nationwide and first in Arizona, and was built at the former home of the Gateway Century 12-movie theater. The facility has 66,429 square feet...
Sold! SmartStop fund acquires recently built facility in NJ
Strategic Storage Growth Trust III Inc. purchased an approximately 65,800-NRSF storage facility on 3.1 acres in Eatontown, NJ. It’s a three-story building with about 730 climate-controlled units. Merchants Retail Partners was the seller. The building previously...
Sold! Gantry lends $40 million for purchase of four facilities in 1031 exchange
Irvine, CA-based Gantry secured $40 million in acquisition financing for four purchases of self-storage facilities in Tennessee and Florida that total 286,000 rentable square feet. The properties include three Storelocal Self Storage properties in Franklin and Spring...
Sold! Wentworth Property Co. buys Atlanta portfolio for $43.5M
Wentworth Property Co. purchased a three-property self-storage portfolio that has 1,912 units in the Atlanta, GA MSA for $43.5 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor that operated facilities under the name Gwinnett Self...
Sold! New Mexico storage facility sold to fund new high school
The sellers of a New Mexico self-storage facility plan to use the proceeds to fund the construction of a new high school in Albuquerque. Sandia Skies Self Storage at 6801 Palomas Northeast has 586 units across 74,000 rentable square feet. The seller is a local private...
Sold! Prestige Storage buys 12 facility portfolio in Michigan
Prestige Storage closed the acquisition of a 12 facility portfolio in western Michigan with partner Peaceable Street Capital. The facilities are located in Muskegon, Fruitport, Spring Lake, Kent City and West Olive. Together, the properties offer a total of 490,302...
Sold! Fund adds 10 facilities to remotely-managed portfolio
Liberty Investment Properties, based in Orlando, FL, raised more than $43 million in equity for its Liberty Storage Fund II to buy self-storage facilities in the Southeast region of the United States. The new fund has bought 10 self-storage assets to date and is...
Sold! 10 Federal adds Georgia facilities to unmanned portfolio
10 Federal has acquired the ASAP Storage portfolio of facilities located in Temple and Villa Rica, Georgia for $78 per square foot. Spanning a total of 96,000 square feet of storage space, the three facilities provide a combined 664 units and 70 parking spaces. The...
Sold! Public Storage buys Virginia facility for $4.5 million
Public Storage purchased Chesdin Storage, a 40,600-square-foot facility in North Dinwiddie, VA, for $4.5 million. The facility, located at 23150 Airpark Drive, features 331 drive-up, climate-controlled units, plus parking on 3.66 aces. The facility has been close to...
Sold! MV Investment sells newly built facility in Florida
MV Investment sold a newly constructed climate-controlled self-storage facility at 807 High School Road in Tallahassee, FL. The buyer was not named. The facility has 882 units spread across 118,500 square feet and is near Florida State University. It has ground-level...
Sold! CBRE and WWG join forces for 14-property portfolio buy
A CBRE Investment Management fund purchased a portfolio of 14 self-storage sites totaling 8,697 units in Southern California and Utah. CBRE partnered with the William Warren Group on the deal. WWG will manage the acquired facilities under its StorQuest Self Storage...
Sold! KKR unloads four storage facilities for $80 million
New York City-based KKR, an investment firm, sold four self-storage properties totaling 2,897 units for about $80 million. Two are in Austin, TX and two others are in Phoenix, AZ and Riverside, CA. The properties were sold in two different transactions with different...
Sold! KKR sells Riverside, CA facility for $23M
Global investment firm KKR has sold three self-storage facilities recently with the help of the CBRE Self Storage Advisory Group, including one in California for $23 million. Dallas-based operator Baranof Holdings purchased the 774-unit self-storage facility at 3111...
The Roll Up: Talonvest closes $23.4 million loan for C/O deal
Talonvest Capital Inc. of Irvine, CA – along with their client Strategic Storage Growth Trust III Inc. - announced the closing of a $23.4 million bridge loan financing the certificate of occupancy acquisition of a facility in Chula Vista, CA. Strategic Storage is a...
Sold! Public Storage buys 28-property Florida portfolio
Public Storage has purchased a portfolio of 28 self-storage facilities in and around Ocala, FL from regional operator Neighborhood Storage (below). The seller retains a single facility in the market. The portfolio spans more than one million square feet of storage...
Sold! The Villages self-storage facility trades for $8.8 million
CBRE announced the $8.8 million sale of a self-storage facility in The Villages, FL, one of the best-known master-planned communities in the nation, and it has more than 80,000 households. Coleman Self Storage LLP was the seller and Allendale Ventures LLC the buyer....
Sold! Boardwalk Development sells 10-property Southeast portfolio
Boardwalk Development Group sold a 10-property, 3,369-unit self-storage portfolio located in Atlanta, Georgia and Tennessee. The properties operate under the Mini Mall Storage brand. The purchaser was Avenue Living Asset Management. The Alabama facility is in Opelika....
Sold! Olympia storage facility sells for $7.4 million
CBRE announced the sale of a self-storage facility named Capital City Storage in Olympia, WA for $7.4 million. It has 417 units spread across 43,304 square feet in 14 buildings. CBRE’s Self Storage Advisory Group represented the seller, TJY Properties LLC, a private...
Sold! JV plots turnaround for East Texas portfolio
Houston, TX-based LandPark Advisors LLC, in a joint venture with Sunset Capital LLC bought an eight-property self-storage portfolio in East Texas (in the Dallas-Fort Worth MSA). Right Move Storage LLC will manage the portfolio. Extensive improvements and starting up...
Sold! Bluebird enters B.C. with historic purchase
Bluebird Self Storage purchased one of the oldest storage facilities in North America as its first location in Victoria, British Columbia, Canada. The four-story, 16,000-square-foot City Center Storage building at 824 Johnson St. was constructed in 1901. Originally,...
Sold! CubeSmart-managed facility in SC sells for $11 million
Merit Hill Capital bought its second Broward County property, a four-building self-storage facility, in less than one month. An affiliate of Brooklyn, NY-based Merit Hill paid $17 million for the 326-unit Pines West Storage Center at 400 Northwest 172nd Ave. in...
Sold! Maya Capital Partners and Artemis Real Estate form $300 million JV
Maya Capital Partners and Artemis Real Estate Partners have formed a $300 million joint venture focusing on self-storage assets in the Northeast United States. It will focus on both marketed and off-market acquisitions, including certificate of occupancy lease-up...
Sold! Wedgewood sells TN storage operation for $17.3M
Nashville-based Wedgewood Avenue sold a four-property self-storage portfolio in Murfreesboro, TN. Wedgewood operated the portfolio via a hub and spoke model with all operations centralized at the facility located at 2425 S Church Street (below). Wedgewood acquired the...
Sold! Merit Hill purchases Florida facility for $17.5M
Amerco Real Estate Co., based in Phoenix, AZ, bought properties in Ankeny and West Des Moines, both in Iowa. It paid Omaha, NE-based HFB II LLC $10.7 million for the West Des Moines property at 620 Village View Drive. Amerco also paid HFB LLC $11.45 million for...
Sold! Prime Storage buys FL facility for $35 million
Riverbend Storage Property LLC sold its four-story, 132,848-square-foot, 886-unit self-storage facility at 2401 W. Broward Blvd. in Fort Lauderdale, FL (below) to Prime Storage Riverbend LLC for $35 million. The buyer is an affiliate of Saratoga, NY-based Prime...
Sold! Weekly Self-Storage News Round Up 11.9.22
Trojan Storage has purchased a 72,850-square-foot self-storage facility and adjoining land in the Chicago area for $11.65 million. Marcus & Millichap arranged the sale of AAA Self Storage, located at 300 Sundown Road in South Elgin, IL. Sean Delaney, senior vice...
Sold! Weekly Self-Storage News Round Up 10.27.22
Life Storage paid $142 million in cash to buy a self-storage portfolio of partnerships that Bill Levine and Andrew Cohn, principals of Phoenix, AZ-based Levine Investments, own and control. The duo developed the portfolio of Allstate Self Storage-branded properties...
Sold! Weekly Self-Storage News Round Up 10.20.22
A $14.2 million self-storage facility sale has taken place in Pawtucket, RI. Utah-based WSP II Pawtucket LLC, is affiliated with Extra Space Storage, which owned and renovated the property in the last two years. The two-story facility is at the former Southeastern...
Sold! Weekly Self-Storage News Round Up 10.12.22
Maya Capital Partners LLC bought three self-storage facilities in the Northeast. They will operate under MCP’s brand, Drive-Up Storage. The facilities are: Amwell Valley Self Storage, 470 NJ-31 in Ringoes, NJ, with 265 drive-up units The Storage Depot, 483 Washington...
Sold! Weekly Self-Storage News Round Up 10.5.22
Wasatch Storage Partners of Draper, UT sold an 83,312-square-foot building at 44 Broadway in South End in Albany, NY for $12.5 million. That was more than twice what it fetched six years ago. The buyer was Life Storage of Buffalo, NY. Wasatch had owned the property...
Sold! Weekly Self-Storage News Round Up 9.28.22
Brothers Alex and Nik Turik, who started their Chicago real estate investment firm HAN Capital in 2009, have cashed in with combined sales of $32 million for two deals. They sold an Old Town self-storage property at 1516 N. Orleans St. in Chicago for about $20 million...
Sold! Weekly Self-Storage News Round Up 9.21.22
Extra Space Storage Inc. paid $590 million to purchase Storage Express, adding 107 remotely-operated facilities to its portfolio. The purchase included all the assets of Indianapolis, IN-based Storage Express in Indiana, Ohio, Illinois and Kentucky, plus 14 future...
Sold! Weekly Self-Storage News Round Up 9.14.22
Versal Partners announced the closing of a Life Storage managed facility in North Las Vegas, NV (below). It has 90,875 rentable square feet and three stories, as well as climate-controlled facilities with interior and drive-up units. The seller was HPI Self Storage...
Sold! Weekly Self-Storage News Round Up 8.31.22
Merit Hill Capital bought two self-storage facilities totaling 108,000 square feet in Auburn, CA for $21 million (below). CBRE’s Self Storage Advisory Group represented the seller. The two sites have a total of 938 units and include RV parking spaces. Source:...
Sold! Weekly Self-Storage News Round Up 8.24.22
Invesco Real Estate, in partnership with Baranof Holdings, purchased the 1,752-square-foot self-storage facility at 72 Florida Avenue NE in Washington D.C. Operating as an Extra Space Storage facility, the property opened in March 2020. The JLL Capital Markets...
The Roll Up: Weekly Self-Storage Development News 8.24.22
Highland Development Ventures LLC and The Davis Companies are building a 17-story self-storage facility at 155 West 29th Street in the Chelsea district of Manhattan. The 180,000-square-foot project will offer 6,300 units. Construction of the $84 million facility has...
Basis Industrial Makes Two Florida Acquisitions Under New Subsidiary BaySpace
In an era when people are racing in and out of employment opportunities (see: “Great Resignation”), Florida-based Anthony Scavo has held just three jobs, including 26 years at Lefrak, which he joined at age 17 and where he moved up to senior managing director of...
SOLD! Weekly Self-Storage News Round Up 8.10.22
Wong Cubes LLC has purchased Aubin Lane Self Storage LLC for $1.25 million in Baton Rouge, LA. The facility is on Aubin Lane near the Cedarcrest Avenue I-12 overpass. Christopher DeCesare is the registered agent for the seller, Aubin Lane Self Storage LLC. Randy D....
SecureSpace Self Storage Announces Biggest Deal in Company’s History
SecureSpace Self Storage today announced the biggest deal in the company's history, acquiring 11 facilities with a total of 650,000 square feet in Texas, California and Oregon. The company, part of InSite Property Group in Torrance, CA, strengthened its presence in...
Sold! Weekly Self-Storage News Round Up 8.3.22
SecureSpace bought Nalley Valley Self Storage at 2001 S. Tacoma Way in Tacoma, WA, which will be rebranded as SecureSpace Nalley Valley. The four-story property has 60,272 square feet and 118 rentable parking spots. It’s SecureSpace’s sixth store in the Seatle MSA and...
Sold! Weekly Self-Storage News Round Up 7.20.22
Invesco and Westport Properties partnered in four transactions to buy eight self-storage properties totaling 3,844 units in Tennessee, Oregon and North Carolina, as follows: Clarksville, TN, 471 units at 4351 Guthrie Highway Clarksville, TN, 505 units at 1280 Parkway...
Sold! Weekly Self-Storage News Round Up 7.13.22
Invesco Real Estate Income Trust Inc. purchased two self-storage portfolio buys of five properties in Bend, OR and Clarksville, TN. The combined purchase price was $42 million, raising INREIT’s self-storage portfolio to over $128 million. INREIT acquired two...
Sold! Weekly Self-Storage News Round Up 7.6.22
Spartan Investment Group, based in Denver, CO, made its first acquisition under its new self-storage fund, Spartan Storage Fund 1. It purchased FreeUp Storage Havelock, a 1,528-unit facility at 400 McClotter Blvd. in Havelock, NC (pictured below). It includes 27...
Sold! Weekly Self-Storage News Round Up 5.18.22
Rosewood Property Co. bought its 75th self-storage facility, an 802-unit property at 5600 Oporto Madrid Blvd. in Birmingham, AL (below). It has 82,914 rentable square feet and 32 RV parking spaces. The facility is branded as Public Storage, formerly served as the...
Sold! Weekly Self-Storage News Round Up 5.11.22
Montreal Mini-Storage has expanded big-time, spending $40 million to add 1.5 million square feet of land and 1,500 storage units to its portfolio. The acquisitions were made in Quebec’s Laurentians area. The facilities are in St.-Jerome, Saine-Adele, Val Morin and ...
Sold! Weekly Self-Storage News Round Up 5.4.22
JLL Capital Markets aided the sale of Vancouver Self Storage, a 1,134-unit, climate-controlled self-storage complex at 16600 SE 18th St. in the Fisher’s Landing East neighborhood, about 20 miles north of downtown Portland, OR in Vancouver, WA. The cost was $25 million...
Sold! Weekly Self-Storage News Round Up 4.27.22
Adams Property Group sold a Monster Self Storage facility at 5109 Robinhood Village Drive in Winston-Salem, NC, as part of a portfolio deal for a combined $48.5 million. Also sold were facilities in Charleston, SC and Savannah, GA. Life Storage was the buyer and all...
Sold! Weekly Self-Storage News Round Up 4.20.22
Morningstar Properties paid almost $30 million to purchase two self-storage facilities in Flagler Village in Fort Lauderdale, FL. Urban Street Development, through an affiliate, sold the properties located at 421 Northwest First Ave. and 125 Northwest Fourth St. The...
Sold! Weekly Self-Storage News Round Up 4.6.22
Andover Properties (dba Storage King USA) purchased a 197,000-square-foot self-storage facility in Argyle, TX with drive-up and climate-controlled units. It also has covered and enclosed RV parking, and open parking. The facility is Andover’s 16th asset in the...
Sold! Weekly Self-Storage News Round Up 3.30.22
Pinnacle Storage Properties, based in Katy, TX, bought six self-storage properties in southeastern New Mexico in the cities of Carlsbad, Artesia and Eunice. The properties formerly were known as VIP Self Storage of Carlsbad. They are located at: 4615 National Park...
Sold! Weekly Self-Storage News Round Up 3.23.22
Harrison Street, based in Chicago, IL, sold a portfolio of 12 self-storage facilities in four states for an undisclosed price. The buyers are Storage Post and Life Storage. The portfolio totals 625,598 rentable square feet across properties in Texas, New York, North...
Sold! Weekly Self-Storage News Round Up 3.16.22
Brookfield Asset Management entities paid a combined $90 million for three properties in Brooklyn, NY: The company bought a 67,000-square-foot self-storage building at 235 Park Ave. in Clinton Hill, Brooklyn, for $32 million. Maddd Equities, Joy Construction and Cayre...
Sold! Weekly Self-Storage News Round Up 3.9.22
Wildflower, owned by developer Adam Gordon, sold a 3,300-unit, 130,000-square-foot facility it built at 3350 Park Ave. in the Morrisania section of the Bronx to Atlanta-based Storage Post for $65 million. Wildflower bought the property in 2017 for $9 million, then...
Sold! Weekly Self-Storage News Round Up 3.2.22
SmartStop Self Storage REIT Inc., based in Ladera Beach, CA, will merge with Strategic Storage Growth Trust II Inc. with the latter merging into a newly formed subsidiary of SmartStop. The combined company with have 150 operating properties with 11.5 million NRSF and...
Clutter and MakeSpace merge to form one company
It seems as though the valet storage wars are nearing an end. The two largest full-service storage companies, Clutter and MakeSpace, announced this morning that they are merging into one. The combined platform will operate under the Clutter brand and offer its...
Sold! Weekly Self-Storage News Round Up 2.23.22
10 Federal had a very busy Feb. 17th. That day, the 10 Federal Self Storage Acquisition Company 1 LLC sold the remaining eight properties in its first investment fund to Frigatebird Investments, finishing the liquidation of all remaining self-storage assets. The...
Sold! Weekly Self-Storage News Round Up 2.16.22
KKR bought three self-storage properties in three states, totaling about 2,000 units, for $70 million in three transactions. The properties are in Atlanta, GA; St Petersburg, FL; and Alexandria, VA. The buys were KKR’s first self-storage real estate acquisitions in...
Sold! Weekly Self-Storage News Round Up 2.9.22
SmartStop Self Storage REIT Inc. bought a self-storage facility at 1910 E. Algonquin Road, in Algonquin, IL. It’s SmartStop’s sixth owned or managed location in the Chicago market and 163rd in North America. It has 900 units spanning 109,000 feet and offers both...
Sold! Weekly Self-Storage News Round Up 2.2.22
Wheat II-Margate LLC, managed by James Lockhart of Lithia-based 3L Capital, sold a 133,872-square-foot self-storage facility on 2.6 acres at 5600 NW 31st St. in Margate, FL to Agap Margate LLC, in care of New York City-based Andover Properties, for $18.51 million....
Valet storage firm Doorage acquires Boston operation
Doorage Storage is buying Boston’s On Demand Storage as part of its plan to expand its pickup-and-delivery services across the Northeast. Meanwhile, the Chicago-based Doorage, founded five years ago, is launching new services in Las Vegas and Columbus, OH as it...
Sold! Weekly Self-Storage News Round Up 1.26.22
Philadelphia, PA-based Snapbox Self Storage bought three properties. Snapbox Windsor Mill is at 2760 Lord Baltimore Drive, Windsor Mill, MD, with 103,000 square feet and more than 1,100 units. Snapbox Self Storage – Poinciana is at 1401 SW 1st Ave., Fort Lauderdale,...
Sold! Weekly Self-Storage News Round Up 1.19.22
CBRE announced it brokered the sale of two My Neighborhood Storage Center self-storage facilities in Central Florida for $58.25 million to a joint venture involving Invesco and Westport Properties. The My Neighborhood entities together total 129,847 square feet. One...
Sold! Weekly Self-Storage News Round Up 1.12.22
Rosewood Property Co. has made its biggest deal ever, purchasing 16 self-storage facilities spread among 12 states from Extra Space Storage. The deal includes a total of about 12,000 units and 1.3 million net rentable square feet. Extra Space Storage will manage most...
Sold! Weekly Self-Storage News Round Up 1.5.22
The sale of four self-storage facilities by affiliates of two major REITs totaled $80 million in North Carolina last month. A CubeSmart affiliate sold the four properties, which are in Wake and Durham counties, to Public Storage affiliate PS NC III LP. The properties...