Sold! Madison Capital adds Orlando facility to its owned portfolio

Bruce Goldberg
Published June 19, 2024

Madison Capital Markets, an affiliate of Madison Capital Group closed on a Go Store It location in Orlando, Florida. The store is located at 8308 Osceola Polk Line Road, in the Orlando, FL market. The facility has 54,030 square feet of rentable self-storage space, spread across 611 units (climate-controlled and drive-up). Go Store It and its management company, Go Store It Management LLC, both subsidiaries of Madison Capital Group, now operate more than 100 locations in 17 states. Madison Capital Markets is a Delaware statutory trust (DST) offered as a Regulation D private placement.

“The Go Store It Orlando DST is a high-quality investment opportunity that went very quickly. It was only available for a short period due to the high level of investor interest. The location in Florida was a major driver, and the Orlando market is particularly strong for self-storage. Additionally, the demand for all-cash DSTs has proven robust, reinforcing the recession-resistant nature of this asset class,” said president of Madison Capital Markets, Michael Crimmins.

Source: Madison Capital Markets and PR South

A newly constructed, 88,900-square-foot facility sold for $6.6 million in Woonsocket, RI. 777 Providence Street LLC, as the former majority owner of the site, sold the 777 Providence St. property. The buyer is Prime Storage Woonsocket LLC of Saratoga Springs, NY. Prime Storage Fund III GP LLC manages Prime Group Holdings. Source: Providence Business News 

Versal, based in Austin, TX and Los Angeles, CA, announced the sale of Affordable Storage in Clute, TX. Affordable Storage is six miles northwest of Freeport and 55 miles south of Houston, and has 440 units totaling 46,785 NRSF. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented Fab Legacy LLC, the New Hampshire-based seller. The team also found the Miami, FL-based buyer, LAGO Properties LLC. Source: Versal

Marcus & Millichap

Marcus & Millichap arranged the sale of Self Storage of Beach Park, a 57,050-square-foot self-storage property in Beach Park, Ill. Sean Delaney, senior managing director investments, marketed the property for the seller, an LLC, and also found the buyer, Extra Space Storage. The property has 197 non-climate-controlled and 250 climate-controlled units in three single- story holdings.

The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale of S&D Storage Portfolio, which includes 48,871 NRSF and a two-property storage portfolio located in Point Blank, TX. Dave Knobler, senior managing director investments in Marcus & Millichap’s Houston, TX office, and Charles LeClaire, executive managing director investments in the Denver, CO office, had the listing and found the buyer. The portfolio features two properties located about three miles apart, sitting on a combined 7.59 acres, with nine single-story buildings consisting of 97 climate-controlled units (15,767 NRSF), 103 drive-up non-climate-controlled (33,104 NRSF) and 29 outdoor parking spaces. There is a new 2,631-square-foot building included in the unit mix.

Marcus & Millichap brokered the sale of Access Storage, with 626 units in Corpus Christi, TX. The property was built in 2003 and covers 83,223 NRSF. Brian Kelly, Brett Hatcher, Gabriel Coe, Luke Sullivan and Nathan Coe of Marcus & Millichap represented the seller, an LLC. The buyer was not disclosed. Texas Broker of Record Tim Speck of Marcus & Millichap helped with the transaction.

Bruce Goldberg

Bruce Goldberg is a freelance writer and editor based in Denver. He worked in newspapers and magazines as both a business writer/editor and sportswriter/editor for 35 years.

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