Nick Malagisi and Hans Hardisty of SVN Commercial Real Estate Advisors in Buffalo, NY, handled the $7 million sale of an Extra Space Storage facility in Ballston, NY. Bala Cynwyd, PA-based City Line Capital LLC purchased the facility from an affiliate of Salt Lake City, UT-based Extra Space Storage. The facility, at 75 Brookline Road,…
Salt Lake City, UT-based Extra Space Storage and Parsippany, NJ-based PGIM Real Estate purchased two self-storage facilities in the New York City, NY, metro area for a combined $114.2 million, according to The Real Deal. The seller was Barrington, IL-based LSC Development LLC. One facility, at 976 Cypress Ave. in Queens, NY, was sold for…
Winter Garden, FL-based Store Space Self Storage added six self-storage facilities in Georgia, Pennsylvania and Texas to its portfolio. The acquisitions collectively represent about 464,000 rentable square feet. The names of the sellers weren’t disclosed. The purchase prices weren’t available. As of April 2019, the company owned or had under contract 22 facilities in eight…
Jeff Gorden of Phoenix, AZ-based Eagle Commercial Realty Services, an affiliate of the Aurora, CO-based Argus Self Storage Sales Network, arranged the $6.05 million sale of PremieRVehicle Storage in Marana, AZ. Gorden represented the unidentified seller; the buyer was an unidentified investor in California. The facility, on more than 8.5 acres at 7935 W. Tangerine…
Storage Star LLC, an affiliate of Sacramento, CA-based FollettUSA Inc., purchased South College Self Storage in Fort Collins, CO, from GYS Development LLC for $10.45 million, according to BizWest. The facility, at 137 Skyway Drive, features 708 units in 105,300 square feet. GYS Development is a division of Lufkin, TX-based Grow Your Storage LLC. Cordova,…
Strategic Storage Growth Trust II Inc., a REIT sponsored by Ladera Ranch, CA-based SmartStop Asset Management LLC, purchased a CubeSmart-branded facility in Sacramento, CA, from an unidentified seller for $15.6 million. The facility, on 5.68 acres at 9950 Mills Station Road, features 1,029 units in about 94,000 square feet. This was the REIT’s first acquisition….
Columbia, MO-based StorageMart recently purchased five facilities in the Kansas City, MO, market. In one deal, it purchased the Self Storage Depot portfolio, with four facilities in Blue Springs, Independence and Lee’s Summit, MO. The purchase price wasn’t disclosed. The facilities encompass more than 1,300 storage units and nearly 200 parking spaces. StorageMart also purchased…
Columbus, OH-based The Hatcher Group at Marcus & Millichap handled the sale of Mr. Stor-It in Westland, MI. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facility was originally listed at $13.2 million. The facility, at 5235 S. Merriman Road, consists of 908 units in 127,640 net rentable square feet. The…
Philadelphia-based First Neck University Avenue LLC purchased Too Much Stuff storage in Little Rock, AR, from Jacksonville, AR-based Northgate Mini-Storage LLC for $8.325 million, according to media reports. The facility, at 2010 S. University Ave., comprises 574 units. The square footage wasn’t available. The facility now operates as Snapbox Self-Storage. Compass Self Storage LLC and…
Greg Nassir and Edward Matevosian, both of the Glendale, CA, office of CBRE, represented Southmark Storage LLC in the $16.5 million sale of Southmark Storage in South Pasadena, CA, to Los Angeles, CA-based Gelt Inc. The facility, on 1.8 acres at 919 Mission St., features 623 indoor units, 42 outdoor units and a two-bedroom manager’s…
