FORT WAYNE, IND. — Marcus & Millichap has negotiated the sale of The Storage Place, a 45,950-square-foot self-storage facility in Fort Wayne. The property comprises 15 drive-up buildings with 423 non-climate-controlled units and 36 outdoor parking spaces. It is located adjacent to Fort Wayne International Airport. Jeffrey Herrmann and Sean Delaney of Marcus & Millichap represented the seller and procured the buyer, both of which were Indiana-based limited liability companies.
NYACK, N.Y. — JLL has negotiated the sale of a 557-unit self-storage facility located at 92 State Route 59 in Nyack, located near the New York-New Jersey border. The facility was built in 1996 and was 87 percent occupied at the time of sale. JLL represented the seller, Go Store It, in the transaction and procured the buyer, Storage Post Self Storage, which has since rebranded the property. The sales price was not disclosed.
MEDFORD, MASS. — Locally based owner-operator The Davis Cos. has sold a 922-unit self-storage facility in Medford, a northern suburb of Boston. Davis acquired the facility at 970 Fellsway, which spans 80,995 net rentable square feet, in 2019 and subsequently implemented capital improvements, as well as a 297-unit expansion. Extra Space Storage operates the facility, which was 84 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.
BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.
BEND, ORE. — Signal Ventures has obtained $15.5 million in construction financing for the development of Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Road in Bend. Jonah Aelyon, Taylor Simian and John Williamson of JLL Capital Markets secured the loan through Live Oak Bank for Signal Ventures. Brian Somoza and Adam Roosien of JLL’s National Self Storage team handled the site transaction. The shovel-ready development will deliver 118,800 gross square feet with 92,584 net rentable square feet across 877 climate-controlled units.
FRESNO, TEXAS — Marcus & Millichap has brokered the sale of GuardBox Storage, a 650-unit self-storage facility in Fresno, a southern suburb of Houston. Built on 8.3 acres in 2005, GuardBox Storage comprises 129,493 net rentable square feet across 320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. Dave Knobler, Mixson Staffel, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The group also procured the buyer, MyPlace Self Storage.
MONTGOMERY, ILL. — Marcus & Millichap has arranged the sale of U.S. 30 Storage, a 500-unit self-storage property positioned along U.S. Route 30 in Montgomery, a western suburb of Chicago. Jon Silvers and Sean Delaney of Marcus & Millichap represented the seller, a trust, and procured the buyer, a national real estate investment firm. The property will be professionally managed by CubeSmart. Located at 1400 Bohr Ave., the 39,660-square-foot asset features 278 non-climate-controlled units and 222 outdoor parking spaces for vehicles, boats and RVs.
DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.
FARMERSVILLE, TEXAS — Marcus & Millichap has brokered the sale of a 207-unit boat and RV storage facility in Farmersville, about 45 miles northeast of Dallas. Known as A-Affordable Boat & RV Storage Farmersville, the facility was built on 12.7 acres in 2023 and spans 101,520 net rentable square feet. Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap represented the seller, Ciera Bank, in the transaction. Cunningham and Karr also procured the undisclosed, Dallas-based buyer.
LANCASTER, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 265-unit facility in Lancaster, a southern suburb of Dallas. Lasoto Self Storage was built in the 1980s and spans 44,940 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer in the transaction. Both parties were Texas-based entities that requested anonymity. The sales price was also not disclosed.
