REBusinessOnline

Safeguard Self Storage Expands Facility in New Orleans by 544 Units

NEW ORLEANS — Safeguard Self Storage has completed the expansion of its facility located at 919 Erato St. in New Orleans’ Lower Garden District. The company added 544 units spanning 44,346 square feet to its existing 459-unit, 33,311-square-foot facility. The asset utilizes the Noke Smart Entry System, which allows customers to access the building, storage area and individual units with a smartphone app. The building also features a “green roof,” which sustains living vegetation. Brian …

Marcus & Millichap Brokers Sale of 279-Unit Self-Storage Facility in Houston

HOUSTON — Marcus & Millichap has brokered the sale of Big Space Storage, a 279-unit self-storage facility in Houston. The property was built in 2016 and spans 137,760 net rentable square feet. Dave Knobler and Casey Kral of Marcus & Millichap represented the seller, a partnership, and procured the buyer, a limited liability company. Both parties requested

Towne Storage Sells 379-Unit Towne Storage Sandy Near Salt Lake City

SANDY, UTAH — Towne Storage has completed the disposition of Towne Storage Sandy, a self-storage facility located off Interstate 15 in Sandy, approximately 20 minutes south of downtown Salt Lake City. Terms of the transaction were not released.Storage…Etc. will rebrand and manage the 60,700-square-foot facility. Built in 1993 and 1997, the property features 379 rentable spaces ranging from 25 square feet to 400 square feet, a leasing office, gated access, digital video surveillance …

Marcus & Millichap Arranges Sale of 1,835-Unit Self-Storage Portfolio in East Texas

TYLER AND LONGVIEW, TEXAS — Marcus & Millichap has arranged the sale of a portfolio of four self-storage properties totaling 1,835 units across 20.8 acres in East Texas. Two of the properties are located in Tyler, and two are located in Longview, cities that are about 100 and 120 miles east of Dallas, respectively. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a California-based private investor, in the transaction. The buyer was Colorado-based …

Argus Brokers Sale of 101,000 SF Self-Storage Facility in Decatur, Texas

DECATUR, TEXAS — Denver-based Argus Self-Storage Advsiors has brokered the sale of a 101,000-square-foot self-storage facility in Decatur, located northwest of Fort Worth. The property was 76 percent occupied at the time of sale and consists of 30,000 square feet of self-storage space and 71,000 square feet of boat and RV storage space. Chad Snyder and Tyler Trahant of Argus represented the undisclosed seller in the transaction. The buyer was also not

Bellomy Arranges Sale of Three Self-Storage Facilities Totaling 1,807 Units in Austin

AUSTIN, TEXAS — Bellomy & Co. has arranged the sale of three self-storage facilities totaling 1,807 units in Austin. Owner-operator Storage Star acquired the properties, which span 200,639 net rentable square feet and will be rebranded Storage Star-Mopac, Storage Star-Pond Springs and Storage Star-Ben White. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the undisclosed sellers in the transaction. The new ownership will invest in capital improvements to boost curb …

Trillium Provides $10.5M Refinancing, Construction Loans for Three Properties in Georgia

COLUMBUS AND MACON, GA. — Trillium Capital Resources has provided three loans totaling $10.5 million for two multifamily properties and a self-storage facility in Georgia.In Macon, Trillium provided a $1.6 million refinancing loan to a Valdosta, Ga.-based developer for an undisclosed 50-unit multifamily property. In Columbus, the locally based lender provided a $3.65 million refinancing loan for an undisclosed 80-unit community to a Phenix City, Ala.-based investor. The 10-year term loans …

NAI Horizon Negotiates $8.3M Sale of American Self Storage & Mail Center in Chandler, Arizona

CHANDLER, ARIZ. — NAI Horizon has arranged the sale of American Self Storage & Mail Center located at 12220 E. Riggs Road in Chandler. Lawhead Family LLC sold the property to Vault at Riggs Road LLC for $8.3 million.Denise Nunez and Victoria Filice of NAI Horizon represented the seller and secured the buyer in the

Talonvest Arranges $12.7M in Refinancing Loans for Self-Storage Properties in Texas

AUSTIN AND SOUTHLAKE, TEXAS — Talonvest Capital Inc. has arranged two bridge loans totaling $12.7 million for the refinancing of two self-storage facilities in Texas. The properties total 1,339 units across 161,670 net rentable square feet. One of the properties is located at 11000 Lakeline Blvd. in Austin, and the other is located at 2030 E. Continental Blvd. in the Fort Worth suburb of Southlake. An undisclosed life insurance company provided the funds to the borrower, a partnership between …

Bellomy Brokers Sale of 235-Unit Self-Storage Facility in Spicewood, Texas

SPICEWOOD, TEXAS — Bellomy & Co. has brokered the sale of Spicewood Super Storage, a 235-unit self-storage facility located about 35 miles northwest of Austin. The property spans 89,260 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, Texas-based Envison2 Properties LLC, in the transaction. The duo also procured the buyer, Houston-based Spicewood Storage

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