Public Storage purchased a three facility self-storage portfolio covering 300,000 square feet in the Charleston, SC area. The facilities were developed and sold by a partnership between the Miller-Valentine Group and The Coastal Storage Group. The facilities offer more than 2,000 self-storage units combined and have been open since 2018. Two facilities were located in…
Extra Space Storage recently purchased a newly built self-storage facility in Maple Grove, MN for $10.153 million. The 808-unit self-storage facility at 13000 N. 63rd Avenue was sold by the builder, Corcoran, MN-based Ebert Construction. Source: Finance & Commerce. Storage Post Self-Storage acquired a 3-story self-storage facility in Haledon, New Jersey for an undisclosed price….
Moose Crossing Storage Associates LLC purchased Moose Crossing Self Storage in Blakeslee, PA, from Lancaster, PA-based Gearhart Properties LLC for $3.96 million. The facility, on 4.9 acres at 321 Route 940, comprises 321 units and an apartment. The square footage wasn’t provided. Chuck Shields, a self-storage specialist at Radnor, PA-based Beacon Commercial Real Estate who’s…
A trust associated with South Florida investor Todd Ruderman, owner of Fort Lauderdale, FL-based Value Store It Management Inc., purchased a self-storage facility in North Lauderdale, FL, for $12 million, The Real Deal reported. The seller was SS McNab LLC, managed by Thomas Richerson of Miami Beach, FL. The facility, at 7600 McNab Road, covers…
Brooklyn, NY-based Merit Hill Capital LP purchased two self-storage facilities — one in Washington and the other in Massachusetts — for a total of nearly $20 million. Merit Hill Capital paid $12.7 million for Eastside Self Storage in North Bend, WA, according to CoStar. The seller was Seattle, WA-based GDB Development LLC. The facility, on…
Ladera Ranch, CA-based Strategic Storage Trust IV Inc. purchased a 3,500-unit portfolio of four newly built Extra Space Storage-branded facilities in three East Coast states. The seller wasn’t identified. The purchase price wasn’t disclosed. The portfolio covers about 326,000 square feet on 14.6 acres. The facilities now operate under the SmartStop Self Storage brand. The…
A two-parcel self-storage facility in Lacey, WA changed hands for the full asking price of $2.6 million. The buyer and seller weren’t identified. Stowaway Mini Storage sits on two neighboring parcels: one at 927 Bowker St. SE and the other at 5235 Lacey Blvd. The facility encompasses 19,100 square feet. The unit count wasn’t available….
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…
