Sold! Weekly Self-Storage News Round Up 6.15.22
Bellomy & Co. announced the sale of A-1 Self Storage at 1017 Waldron Road in Corpus Christi, TX. It has 204 units, four buildings and one-story structures. The area is surrounded by new single-family, multifamily and commercial developments. Michael Johnson and Logan Foster handled the transaction.
Self Storage Investing and Brandon Storage Center LLC sold their Brandon Storage Center, 2711 Broadway Center Blvd. in Brandon, FL. StoreSpace was the buyer. The center has 92,000 rentable square feet and 445 climate-controlled units.
Fireside Financial bought Tri-County Storage, 6463 Center Grove Road in Edwardsville, IL. It has 579 units and 88 parking spaces. Simply Self Storage will manage Tri-County Storage. Source: Edwardsville Intelligencer
Kingdom Storage Holdings and Titan Wealth Group sold Mokena Self Storage in Mokena, IL for $18 million. The deal closed late last year. The property, at 19140 Darvin Drive (above), has a three-story, climate-controlled building with 108,659 NRSF and 989 units. Originally the developers planned an exit on a 60-month timeline, but ended up selling after 13 months. Source: PR.com
Passive Storage Investing and TriCore Investment Group closed the fourth property in TriCore Storage Fund I LLC in Canton, OH. The property currently is a strip mall with 63,365 square feet. The first three properties in the fund are in Florida, with more properties under contract in South Carolina and Texas. Source: PR.com
Berkshire Hathaway announced the sale of Carroll County Storage Portfolio in McKenzie and Huntingdon, TN. It has 299 units spread across 42,757 NRSF. The buyer is Zeko Properties LLC and the seller is MRH Holdings. Berkshire’s Cameron Vale, Parker Sweet and Andrew Plunkett represented the seller and found the buyer.
Marcus & Millichap announced he sale of Verona Road Self Storage, 5258 Anton Drive in Fitchburg, WI. It has 18,722 square feet. Brett R. Hatcher, Gabriel Coe and Jonathan M. Fawley had the listing. The seller is an LLC. Todd Lindblom, Wisconsin broker of record, helped close the transaction. Source: WisBusiness
The Roll Up: Weekly Self-Storage Development News 8.10.22
SOLD! Weekly Self-Storage News Round Up 8.10.22
SecureSpace Self Storage Announces Biggest Deal in Company’s History
We interviewed Nathan McElmurry, SecureSpace’s head of self-storage acquisitions, regarding the announcement of their biggest acquisitions deal in the company’s history.Keep Reading