The Vault at Riggs Road LLC disposed of its 150,260-square-foot storage and RV building for $25.5 million. The property is located at 12220 E. Riggs Road in Chandler, AZ. The buyer, VRR-1 LLC, represented itself. Denise Nunez and Victoria Filice of NAI Horizons represented the seller. Matthews Real Estate Investment Services completed the sale of Monroe Self Storage,…
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 Dallas-Fort Worth area. The property already has expanded twice. Storage King USA now has 129 facilities in…
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 Highway in Carlsbad 1401 Avenue O in Eunice 13th and Avenue G in Eunice…
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 Carolina and Illinois. Harrison Street managed the facilities in joint venture partnerships with…
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 Equities sold the four-story building, also known as 45 Clinton Avenue, which they bought in 2018…
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 developed the storage facility on the site. Source: The Real Deal The three-story Extra…
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 100,500 units. SmartStop will acquire all of SSGT II’s real estate, comprised…
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 company also sold from its other investment funds four Georgia locations to Frigatebird and…
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 the St. Petersburg and Washington, D.C. areas. KKR’s Americas did the purchases through its equity…
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 climate-controlled and non-climate-controlled units. Source: Business Wire Go For It Storage purchased…
