SpareBox Storage acquired 28 stabilized properties in Michigan and Ohio, adding a total of 1.9 million net rentable square feet to its portfolio. The acquisition enables the company to open seven new markets in the Midwest. Newmark’s Aaron Swerdlin and Kenneth Cox, co-heads of the Newmark Self Storage Group, represented the seller. Nationally, Denver, CO-based…
Titan Development sold the last four self-storage assets in its inaugural fund, the Titan Real Estate Development Fund I, a $112 million private-equity real estate fund. Titan is a full-service department and real estate investment firm, and invests in industrial, multifamily, self-storage and senior-living sectors. Titan sold the four facilities to Extra Space Storage Inc.,…
This page is an archive of self-storage acquisition news from April 2021. For the latest news, click here. Angelo Gordon, in a joint venture with Andover Properties, purchased Santa Clarita Storage, a 105,743-square-foot self-storage facility at 24314 The Old Road in Santa Clarita, CA. The property was purchased for $28 million, according to the Commercial…
This page is an archive of self-storage acquisition news from March 2021. To have your transactions included in the Sold! column, submit details about your acquisitions here. Berkshire Hathaway Storage Group reports the following: Buyer: Institutional private equity Seller: Not provided Facility name: Laredo Storage Portfolio (Stor More Storage Rentals) Location: Laredo, TX Net square footage:…
This page is an archive of self-storage acquisition news from February 2021. To have your transactions included in the Sold! column, submit details about your acquisitions here. Acquisition news from 2/24/2021: The Loeffler Self-Storage Group reports the following: Buyer: Not provided Seller: Downtown Tucson Storage LLC Facility name: Wildcast Storage Location: W. Saint Mary’s Road…
This page is an archive of self-storage acquisition news from January 2021. Acquisition news from 1/27/2021 JLL reports the following: Buyer: National Storage Affiliates Seller: The Jenkins Organization Number of locations: 14 facilities Location: Texas, Minnesota, and Missouri Net square footage: 845,401 Number of units: 8,517 Brokers involved: Steve Mellon, Brian Somoza, David Berglund, and Blaise Tomazic of JLL represented…
This post is an archive of self-storage acquisition news from the month of December 2020. For the latest acquisition news, check out the most recent edition of Sold! by clicking here. Acquisition news from 12/2/2020 Garage Plus Self Storage in Spanaway, WA was sold for $14.1 million, representing a cap rate of 7%. Christopher R….
This is an archive of self-storage acquisition news items collected during the month of November 2020. News from the week of 11/4/20 Michigan-based Storage Pros Management LLC has sold a 16-property self-storage portfolio in New England to SROA Capital, a storage-invested private equity firm based in West Palm Beach, FL. Storage Pros was represented by…
An archive of weekly acquisition news from the month of October. News from the week of 10/14/20: Seattle-based Urban Storage purchased the Storage One self-storage facility at 1105 Sunset Boulevard NE in Renton, WA for $12.2 million, according to local property records. The property was sold by Spencer Renton LLC, which purchased the property for…
A partnership between Houston, TX-based commercial real estate investor, developer and manager Hines LP and Vancouver, Canada-based commercial real estate investor and lender Trez Capital has entered the self-storage business with the purchase of a storage facility in Plano, TX. The seller wasn’t identified. The purchase price wasn’t disclosed. The CubeSmart-branded facility, at 525 N…
