Maya Capital Partners purchased a 58,000-square-foot self-storage facility in Sparta, NJ for $6.85 million. The 505-unit facility previously operated as Super Self Storage Center and Bins & Bays Self Storage. The facility is located at 19 and 32 White Lake Road. The facility will now operate as Sparta Drive-Up Storage. Maya Capital Partners is a New…
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…
The LeClaire Group in the Denver, CO, office of Marcus & Millichap arranged the sale of Sprague & Sullivan Storage in Spokane Valley, a suburb of Spokane, WA. The buyer wasn’t identified. The sellers were Dean and Elizabeth Gravos. The purchase price wasn’t disclosed. “Self-storage investors are increasingly buying in secondary markets like Spokane, and…
Raleigh, NC-based 10 Federal purchased a four-facility Econostor self-storage portfolio in the Atlanta, GA, area and an American Mini Storage facility in Leland, NC. The sellers weren’t identified. The purchase prices weren’t disclosed. Further details about the facilities weren’t available. The acquisitions were made through 10 Federal Self Storage Acquisition Co. 2 LLC. The facilities…
