Smart Stop Asset Management sold a two-property portfolio in Montgomery, AL, to Lake Forest, IL-based Metro Storage LLC for nearly $21.8 million. Managed by Extra Space Storage, the self-storage properties offer a combined 158,238 square feet of rentable space and 1,555 climate-controlled units. The facilities are located at 6855 Vaughn Rd. and 310 Ray Thorington…
Public Storage has purchased Derby Self Storage, a 64,100-square-foot self-storage facility at 2262 US-19 in Holiday, FL. The facility was built in 1999 and features more than 500 units. SkyView Advisors represented the seller, Aegis Storage LLC. “Our marketing process generated numerous strong offers from national and regional buyers, resulting in a high level of competition for…
Manhattan-based Storage Deluxe purchased Storage Quarters, a 110,000-square-foot facility in Queens, for $27 million. Located at 31-40 Whitestone Expressway, the facility will be managed by CubeSmart. Storage Deluxe plans to renovate the existing facility and build a new 57,000-square-foot structure on site to create a 2,000 unit facility when completed. Southern Self Storage purchased the 48,580-square-foot self-storage facility…
Dahn Corporation purchased a portfolio of two facilities from Flordia Acorn Mini Storage for $20.25 million. Located at 1595 Port Malabar Boulevard in Palm Bay, FL and 3546 W. New Haven Avenue in Melbourne, FL, the facilities will be rebranded and managed by Mini U Storage. The facilities span 46,942 square feet (Palm Bay) and 108,155 square feet…
Dean Keller of Laguna, CA-based Bancap Self Storage Group recently brokered the sale of A-1 Sierra Storage at 17175 Sierra Highway in Santa Clarita, CA for $2 million. The 37,000-square-foot, single-story facility features 400 units. The facility has been family-owned since it opened in 1982. The buyer was a newly formed LLC operating under the name…
Dallas-based Rosewood Property Company purchased the 89,841-square-foot self-storage facility at 4420 E. 146th Street in Carmel, Indiana. The facility, StorAmerica Storage & Wine Cellar, was locally owned and managed. It will now be rebranded and managed by Extra Space Storage. The seller was represented by Matthew Duda of MJ Partners. Compass Self Storage recently purchased…
Nova Storage Palmdale LP purchased the 85,955-square-foot self-storage facility at 3305 E. Palmdale Boulevard for $6.2 million, property records show. The seller was American Self Storage of Palmdale. The facility is operating as Nova Storage, which operates eight facilities in Southern California, according to its website. Warren William Group of Santa Monica, recently purchased the…
U-Haul parent company AMERCO has purchased two recently-built self-storage facilities in the Milwaukee metro area for a combined $17 million. Both facilities operated under the name The Vault Self Storage and were sold by private investors. The 451-unit facility at N58 W15500 Shawn Circle in Menomonee Falls was built in 2016. A second phase is…
StorageMart recently purchased a 78,000-square-foot self-storage facility at 3711 Soquel Drive in Soquel, CA for $18.65 million. The facility, built in 2009, was sold by Store More America. The facility (pictured above) offers 667 units and sits on just over 2-acres. The seller was represented by Bobby Loeffler and Tyler Skelly of the Loeffler Self-Storage Group. The three-property Tempe…
Strategic Storage Growth Trust Inc. recently purchased the newly converted 95,000-square-foot self-storage facility at 12321 Western Avenue in Garden Grove, CA for $18.4 million. The facility offers 900 storage units, as well as 59 RV storage spaces. The facility was recently converted from a former manufacturing building by Irvine, CA-based Progressive Realty Partners. Following the…
