The LeClaire Group in the Denver, CO, office of Marcus & Millichap arranged the sale of Sprague & Sullivan Storage in Spokane Valley, a suburb of Spokane, WA. The buyer wasn’t identified. The sellers were Dean and Elizabeth Gravos. The purchase price wasn’t disclosed. “Self-storage investors are increasingly buying in secondary markets like Spokane, and…
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…
A three-facility portfolio of Franklin Self Storage facilities in El Paso, TX, has a new owner. The buyer, a California-based private equity group, wasn’t identified. John Owens and Steve Gooch of KW Commercial Self Storage Advisors in Lubbock, TX, represented the seller, Franklin Self Storage LLC. The purchase price wasn’t disclosed. The portfolio comprises 1,769…
Katy, TX-based Pinnacle Storage Properties purchased five self-storage facilities in the Pacific Northwest through a joint venture with a business called CFJ LLC. The sellers weren’t identified. The purchase prices weren’t disclosed. The facilities are: Sherlock Storage and Gold Street Storage, both in Centralia, WA. Three Titan Self Storage facilities in Kelso, WA; Roseburg, OR;…
The two-facility East Self Storage portfolio in West Columbia, SC, has changed hands. Michael Morrison of Hilton Head Island, SC-based Midcoast Properties Inc. handled the deal. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facilities, at 3943 Platt Springs Road and 1351 Lake Dogwood Drive, offer a combined 337 units across…
Phoenix, AZ-based Wentworth Property Co. LLC purchased Flowing Wells Self Storage in Tucson, AZ, for $1.725 million from an unidentified seller. The facility, on 2.92 acres at 4155 N. Flowing Wells Road, offers 362 units in 38,715 net rentable square feet. The property includes a manager’s office and residence. Bobby Loeffler and Tyler Skelly of…
Brooklyn, NY-based Merit Hill Capital LP purchased two self-storage facilities — one in South Carolina and the other in Ohio. Merit Hill bought Spartanburg Self Storage in Spartanburg, SC, from an unidentified seller for an undisclosed amount. The facility, at 175 Hidden Hill Road, provides 88,510 net rentable square feet of storage and parking. The…
Lake Forest, IL-based Metro Storage LLC purchased two self-storage facilities — one in Florida and the other in Tennessee. In Florida, the company bought an Extra Space Storage-branded facility in Orlando. The seller wasn’t identified; the purchase price wasn’t disclosed. The facility, at 7500 W. Colonial Drive, encompasses 641 units in 62,607 rentable square feet….
Katy, TX-based Pinnacle Storage Properties purchased two self-storage facilities near Houston, TX, from an unidentified seller. The purchase price wasn’t disclosed. Storage Plus of Old Katy, at 5310 E. Fifth St. in Katy, contains 531 units in 142,476 square feet. Storage Plus of Livingston, at 4414 U.S. Highway 190 West in Livingston, TX, offers 260…
Williamsville, NY-based Life Storage Inc. sold 32 self-storage facilities to an affiliate of The Inland Real Estate Group of Cos. Inc., based in Oak Brook, IL, for an undisclosed amount. The square footage and unit count weren’t available. The properties are in Louisiana, Mississippi, North Carolina, South Carolina and Texas. Life Storage will manage the…
