Self-Storage

Pinnacle Storage Acquires 572-Unit Self-Storage Facility in Conroe, Texas

by Taylor Williams November 2, 2018

CONROE, TEXAS — Pinnacle Storage Properties, a self-storage development and investment firm based in the Houston area, has acquired Preferred Mini Storage, a 572-unit facility in Conroe, roughly 40 miles north of Houston. The property was built in 1996 and expanded in 2017. About 76 percent (434) of the units are climate-controlled. Daniel Hartnett of Greysteel arranged a non-recourse bridge loan on behalf of Pinnacle for the acquisition. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, Copra Holdings LLC.

November 2, 2018

Acquisitions Development Industrial Kentucky Self-Storage Southeast

Ziff Properties Acquires Warehouse in Lexington for Self-Storage Conversion

by Amy Works October 31, 2018

LEXINGTON, KY. — Ziff Properties has purchased the former Golden Burley Tobacco Warehouse and Building Materials Warehouse located on Angliana Avenue in Lexington for an undisclosed price. Fred Pfister of Silvestri Craig Realtors facilitated the transaction. The name of the seller and sales price were not released. Ziff Properties plans to convert the property, which is situated on 3.5 acres, into a Class A self-storage facility with 103,500 square feet of climate- and non-climate-controlled units. CubeSmart Self Storage will manage the asset.

October 31, 2018

Acquisitions Georgia Industrial Self-Storage Southeast

Ackerman Sells 105,800 SF Warehouse in Metro Atlanta for $5.3M, Buyer Planning Self-Storage Conversion

by Amy Works October 30, 2018

TUCKER, GA. — Ackerman & Co. has sold an industrial building, located at 2232 Mountain Industrial Blvd. within Stone Mountain Industrial Park in Tucker. Mequity Cos. purchased the property for $5.3 million. The buyer, an Atlanta-based real estate development and investment firm, is redeveloping the 105,800-square-foot warehouse into a build-to-suit project for CubeSmart. The climate-controlled self-storage facility is slated for completion by year’s end. Brett Buckner, Jimmy Stevens and Major Martin of Ackerman & Co. provided in-house representation for the seller. Ackerman & Co. originally acquired the 4.1 million-square-foot Stone Mountain industrial portfolio in 2015.

October 30, 2018

Acquisitions Illinois Industrial Midwest Self-Storage

SkyView Advisors Brokers Sale of 650-Unit Self-Storage Facility in Lynwood, Illinois

by Kristin Harlow October 26, 2018

LYNWOOD, ILL. — SkyView Advisors has brokered the sale of E-Z Self Storage of Lynwood for an undisclosed price. The facility features 650 non-climate-controlled units and 85,825 net rentable square feet. The property is situated on six acres at 19600 Stoney Island Ave. Ryan Clark and Parker Sweet of SkyView represented the seller, a private owner. A private equity-backed buyer purchased the asset.

October 26, 2018

Acquisitions Industrial Self-Storage Texas

SkyView Arranges Sale of 558-Unit Self-Storage Facility in San Antonio

by Taylor Williams October 25, 2018

SAN ANTONIO — Tampa-based self-storage brokerage firm SkyView Advisors has arranged the sale of 1604 Store and More, a 558-unit self-storage facility in San Antonio. The property totals 140,220 net rentable square feet across 269 climate-controlled units and 289 non-climate-controlled units. Ryan Clark and Cameron Vale of SkyView Advisors represented the undisclosed seller in the transaction.

October 25, 2018

Acquisitions Illinois Industrial Midwest Self-Storage

Marcus & Millichap Brokers Sale of 640-Unit Self-Storage Facility in North Aurora, Illinois

by Kristin Harlow October 24, 2018

NORTH AURORA, ILL. — Marcus & Millichap has brokered the sale of Randall Road Self Storage, a 640-unit self-storage facility in North Aurora. The sales price was not disclosed. The facility, located at 1051 Kettle Ave., encompasses a total of 76,696 rentable square feet. Sean Delaney and Michael Mele of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the buyer, Merit Hill Capital.

October 24, 2018

Acquisitions Industrial Self-Storage Texas

Cushman & Wakefield, JLL Arrange Sale of 797-Unit Self-Storage Facility in Houston

by Taylor Williams October 23, 2018

HOUSTON — A partnership between Cushman & Wakefield and JLL has arranged the sale of a 797-unit self-storage facility located at 5321 Richmond Ave. in the Galleria-Uptown area of Houston. The property was sold in conjunction with an 849-unit facility in Los Angeles. The two properties feature more than 158,000 square feet. Greg Wells of Cushman & Wakefield and Steve Mellon of JLL represented the seller, California-based Cardiff Mason Development, in the transaction. The buyer was an undisclosed, national owner/operator.

October 23, 2018

Acquisitions Industrial Self-Storage Texas

Strategic Storage Trust Acquires Self-Storage Portfolio Totaling 3,600 Units in Houston Area

by Taylor Williams October 18, 2018

HOUSTON — Strategic Storage Trust IV, a self-storage REIT sponsored by SmartStop Asset Management LLC, has acquired a portfolio of six properties totaling approximately 3,600 units and recreation vehicle spaces in the greater Houston area. The properties were built between 2002 and 2007 and offer a total of roughly 483,000 net rentable square feet. Nick Walker, John Fenoglio and Trevor Roberts of CBRE represented the seller, Metro Mini Storage, in the transaction.

October 18, 2018

Acquisitions California Industrial Self-Storage Western

NAI Horizon Arranges $31.5M Sale of Two-Property Self-Storage Portfolio in Metro Sacramento

by Amy Works October 15, 2018

FOLSOM AND ROSEVILLE, CALIF. — NAI Horizon has arranged the sale of a two-property self-storage portfolio located in metro Sacramento. Rohnert Park-based L.P.G. Associates sold the properties to Salt Lake City-based Extra Space Properties Two LLC for $31.5 million. The portfolio includes Folsom Parkshore Self-Storage at 185 Parkshore Drive in Folsom, and All Size Self-Storage at 1011 Foothills Blvd. in Roseville. The two assets total 165,920 net rentable square feet and feature 1,109 units. Denise Nunez and David Loui of NAI Horizon Self-Storage Team represented the seller in the deal.

October 15, 2018

Acquisitions Industrial Midwest Self-Storage Wisconsin

Marcus & Millichap Negotiates $9.5M Sale of Self-Storage Facility in Waukesha, Wisconsin

by Kristin Harlow October 15, 2018

WAUKESHA, WIS. — Marcus & Millichap has negotiated the sale of Goerkes Corners in Waukesha for $9.5 million. The 555-unit self-storage facility is located at 21300 Doral Road. Constructed in 2015, the property features both climate-controlled and non-climate-controlled units. Sean Delaney and Michael Mele of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured and represented the buyer, a limited liability company affiliated with Baron Properties in Denver.

October 15, 2018

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