InSite Property Group, a Redondo Beach, CA-based operator and investor, purchased the Self Storage Plus facility in Lanham, MD for an undisclosed amount. The facility, at 10108 Greenbelt Road, is part of the Washington D.C. metro area and located near NASA’s Goddard Space Flight Center. The 100,000-square-foot facility will be rebranded under the name SecureSpace—InSite’s…
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…
Eastside Self Storage in North Bend, WA, has changed hands for $12.7 million. The buyer and seller weren’t identified. The facility, on 6.11 acres at 1410 Boalch Ave. NW, features 361 storage units in 50,055 square feet. Christopher Secreto of Marcus & Millichap’s office in Seattle, WA, represented the seller and secured the buyer. “To…
Irvine, CA-based Guardian Storage Centers LLC purchased a certificate-of-occupancy facility in Peoria, AZ, from VLC Enterprises LLC for $12.85 million. The facility, on 7.49 acres at 8620 W. Northern Ave., features 1,046 units in 95,992 square feet, as well as 108 RV parking spaces. The deal included 4.71 acres for potential expansion. Norman Herd of…
Phoenix, AZ-based U-Haul International Inc. purchased StorGard Self Storage in Buford, GA, for an undisclosed amount. The seller wasn’t identified. The purchase price wasn’t disclosed. The facility, at 3556 Buford Drive, offers 703 storage units. The square footage wasn’t available. Marcus & Millichap reports: Thomas Berlin and Zachary Munce of the company’s office in Detroit,…
Williamsville, NY-based Life Storage purchased three self-storage facilities in the Seattle, WA, market from Stor-More Self Storage, affiliated with Lake Stevens, WA-based Ray Moore Construction Inc., for nearly $40.3 million, the Daily Journal of Commerce reported. The facilities are at 1802 A St. SE in Auburn, 2850 SW Yancy St. in Seattle and 1612 SW…
Memphis, TN-based Jernigan Capital Inc. purchased five self-storage facilities from Coconut Beach, FL-based MCSS Development & Investment LLC for an undisclosed amount. The CubeSmart-branded facilities are in Miami, FL, as well as the Miami suburbs of Coconut Grove, Pembroke Pines and Sweetwater. The facilities encompass 4,141 units in 367,088 rentable square feet. MCSS Development &…
Oklahoma City, OK-based Global One Services LLC sold two self-storage facilities in the Oklahoma City area. Atlanta, GA-based NitNeil Development LLC paid $3.05 million for Global One Services’ 63,600-square-foot facility at 15505 N. Pennsylvania Ave. in Oklahoma City. The unit count wasn’t available. Meanwhile, Michael Bohn paid $3 million for Global One Services’ 76,730-square-foot facility…
