Update 12/17/21 – Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of additional activity happening in December 2021.

Ace Self Storage in Andover, Ohio, sold. The facility at 4274 Pymatuning Lake Road comprises 23,700 net rentable square feet in 168 units, with room for expansion. The seller was represented in the transaction by The Hatcher Group of Marcus & Millichap (M&M), a commercial real estate investment services firm with offices throughout Canada and the United States.

Compass Self Storage LLC, a member of the Amsdell family of companies, acquired Canoe Creek Self Storage in St. Cloud, Florida, and Ideal Self Storage in Howell, Michigan. The Florida facility at 3498 Canoe Creek Road comprises 62,330 net rentable. The Michigan property at 1370 W. Highland Road comprises 52,000 net rentable square feet. Headquartered in Cleveland, Compass operates more than 100 facilities in 15 states.

Cohen Investment Group, a commercial real estate investment firm, acquired Castleton Commerce Center, a complex containing flex workspace and self-storage in Virginia Beach, Virginia. The property at 2424 Castleton Commerce Way comprises 390,380 square feet. The $58 million bridge loan was arranged by David Merkin, managing director for the Mid-Atlantic Group of Eastern Union, a commercial real estate brokerage. Founded in 2014, Cohen owns and operates more than 1 million square feet of multi-family, office, retail, self-storage and student housing.

Crescenta Valley Mini Storage in La Crescenta, California, sold. The facility at 4441 Cloud Ave. comprises 55,025 rentable square feet in 578 units. The seller was represented in the transaction by The Hatcher Group of M&M.

Crowning Touch Storage in Marion, Ohio, sold to Premier Storage, which operates locations across the state. Sitting on 22.52 acres, the facility at 1700 Cascade Drive was built in 2018 and expanded a year later. It comprises 35,552 net rentable square feet in 250 units and 81 vehicle-parking spaces, with room for expansion. The seller was represented in the transaction by The Hatcher Group of M&M.

Davis Rentals in Green Cove Springs, Florida, sold. Built in 1996, the facility at 3230 US-17 comprises 85,705 net rentable square feet in 485 units. The seller was represented in the transaction by The Hatcher Group of M&M.

Discount Storage in Plymouth, Indiana, sold to a Pennsylvania-based limited liability company (LLC). The fully automated facility at 16220 Lincoln Highway comprises 53,257 square feet in 362 units and 19 vehicle-storage spaces. The buyer and seller, a personal trust, were represented in the transaction by Sean M. Delaney, senior vice president, and Jeffrey L. Herrmann, senior associate, for M&M.

A Johnson City, Tennessee, facility managed by self-storage real estate investment trust (REIT) Extra Space Storage Inc. sold to a private-equity group. The facility comprises 52,245 net rentable square feet in 480 units. The buyer and the private seller were represented in the transaction by Andrew Plunkett, vice president; Parker Sweet, president; and Cameron Vale, senior vice president of brokerage and advisory firm Berkshire Hathaway Commercial Real Estate.

A Windsor Mill, Maryland, facility managed by Extra Space Storage sold to Snapbox Self Storage. The facility at 2760 Lord Baltimore Drive comprises 103,467 rentable square feet. The seller was represented in the transaction by Ian Lindahl, investment associate, and Adam Schlosser, senior vice president of investments, for The LeClaire-Schlosser Group of M&M.

Goldkey Self Storage in Diamond Springs, California, sold to Placerville Mini Storage in an off-market deal. The facility at 4040 Stage Court was built in 1979.

Hanover Mini Storage in Hanover, Pennsylvania, sold. Built in 2019, the facility at 900 Old Ridge Road comprises 18,750 rentable square feet in 140 units. It was 98% occupied at the time of sale. The seller was represented in the transaction by The Hatcher Group of M&M.

High Springs RV/Boat Storage in High Springs, Florida, sold. The 8.13-acre property at 26020 W. U.S. Highway 27 includes 36 boat/RV-storage spaces and has development approval for an additional 50,000 square feet. The seller was represented in the transaction by Weaver Realty Group, an affiliate brokerage of Argus Self Storage Advisors, a Denver-based network of real estate brokers who specialize in storage properties

Baranof Holdings LLC, a Dallas-based self-storage developer, acquired the newly constructed Jumbo Storage in Stoneham, Massachusetts, for $27.5 million. The facility at 54 Montvale Ave. will be managed and rebranded by Public Storage Inc. The property comprises 90,000 square feet in 1,025 units. It was developed by commercial real estate investment firm Jumbo Capital Management LLC, which has already built four storage facilities and has another in development. Jumbo was represented in the transaction by Sam Weissman, vice president of development for the company, while Baranof was represented by commercial real estate firm Newmark Houston.

L&D Self Storage in Morrisville, North Carolina, sold. The facility at 10802 Chapel Hill Road comprises 48,568 rentable square feet in 251 units. The seller was represented in the transaction by Ryan Clark, director of investment sales, and David Zehendner, senior associate, for SkyView Advisors, a Tampa, Fla.-based commercial real estate brokerage that specializes in self-storage.

NRI Self Storage in Smithfield, Rhode Island, sold. The facility at 400 Washington Highway comprises 58,100 rentable square feet in 440 units and 117 vehicle-storage spaces. It was 96% occupied at the time of sale. The seller was represented in the transaction by The Hatcher Group of M&M.

Pensacola Self Storage in Pensacola, Florida, sold. The facility at 1130 W. Nine Mile Road comprises 66,623 rentable square feet in 483 units. The seller was represented in the transaction by Schlosser for M&M. The buyer was represented by Cowles M. “Monty” Spencer, CEO and president of The Storage Acquisition Group, which specializes in self-storage real estate in Canada and the United States, and vice president of Yorktown, Virginia-based Mid-Atlantic Commercial Realty.

Planet Self Storage in Mt. Kisco, New York, sold to a California-based self-storage operator for $10.5 million. The facility at 65 Kensico Drive comprises four two-story buildings containing 32,500 rentable square feet in 350 units. It was 92% occupied at the time of sale. The 35-year-old property was owned by the family of the original developer. The buyer and seller were represented in the transaction by Hans Hardisty, senior advisor, and Nick Malagisi, national chair, of the National Self Storage Team for SVN Commercial Realty, which specializes in the brokerage, development consulting, financing, marketing and valuation analysis of self-storage assets nationwide.

Right Move Storage in Texas City, Texas, sold. The facility at 10000 Emmett F Lowry Expressway comprises 67,455 rentable square feet in 545 units. It also has a 3,000-square-foot administrative office. Built in 1991 on a 3-acre parcel in the Mainland City Centre, the structure was originally a JC Penney store, but was converted to self-storage in 2019. The seller, a Galveston County, Texas, LLC, was represented in the transaction by Dave Knobler, senior vice president of investments, and Charles “Chico” LeClaire, executive managing director of investments for The LeClaire-Schlosser Group of M&M.

Stor It Self Storage in Palmdale, California, sold. The facility at 38910 30th St. E. comprises 67,020 net rentable square feet in 632 units, with room for expansion. The seller was represented in the transaction by The Hatcher Group of M&M.

Andover Properties LLC, which operates the Storage King USA brand, has acquired The Storage Space in Mesquite, Texas. The facility at 4809 N. Belt Line Road comprises 74,000 net rentable square feet in 553 units. Established in 2003, New-York based Andover owns and manages 114 storage properties in 16 states, comprising 8.7 million rentable square feet.

A private-equity group purchased a StorQuest Self Storage facility in Arvada, Colorado, from The William Warrant Group, a privately held real estate company that operates the brand. The facility comprises 80,010 net rentable square feet in 672 units. The buyer and the private seller were represented in the transaction by Sweet and Vale of Berkshire Hathaway.

Teetos Self Storage in Cambria, New York, sold to Alan and Linda Linsky for $860,000. The 3.2-acre property at 3502 Saunders Settlement Road offers 38 indoor storage units and 66 outdoor vehicle-storage spaces. The couple also own Seneca Plumbing and Heating Service and Installation in Buffalo, New York.

Ultimate RV & Boat Storage in Litchfield Park, Arizona, sold to a New York-based investment firm. Built in 2019 on more than 16 acres, the facility at 6030 N. Litchfield Road comprises 313,669 rentable square feet in 736 vehicle-storage spaces. The seller, an Arizona-based LLC, was represented in the transaction by Christopher R. Secreto, senior managing director of investments for M&M, who also procured the buyer.

A facility managed by US Storage Centers in Richmond, Texas, sold. Built in 2018 on 3.32 acres, the property at 20512 Farm to Market 1093 comprises 85,215 rentable square feet in 752 units and 11 covered vehicle-storage spaces. The site encompasses a two-story building and a single-story structure. The seller, a Texas-based partnership, was represented in the transaction by Knobler and LeClaire for M&M. Snapbox operates more than 25 facilities in nine states.

12/8/21 –Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of activity happening in December 2021.

A-1 Meriden Road Self Storage in Waterbury, Connecticut, sold. The facility at 990 Meriden Road comprises 19,150 rentable square feet in 211 units and was 100% occupied at the time of sale. The seller was represented in the transaction by The Hatcher Group of Marcus & Millichap (M&M), a commercial real estate investment services firm with offices throughout Canada and the United States.

A-Plus Self Storage in Lenhartsville, Pennsylvania, sold to a private buyer. The facility at 1821 Old U.S. 22 comprises 14,000 square feet in climate-controlled units and outdoor vehicle storage. The seller was represented in the transaction by Matt Rosendale, a brokerage advisor for Investment Real Estate LLC (IRE), a provider of brokerage, construction, development and management services to self-storage owners and investors since 1998.

A joint venture (JV) between real estate investment firms Ramser Development Co., RanchHarbor and Saunders Property Co. acquired Adult Toy Storage in Altamonte Springs, Florida. Built on 55 acres at 601 Hillview Drive, the boat- and RV-storage facility comprises 1,800 units in a mix of indoor and exterior spaces. With 41 acres developed, the property has room for another 500 outdoor spaces on the unused 14 acres. The buyer and seller were represented in the transaction by Neal Gussis of CCM Commercial Mortgage and Josh Koerner and Frost Weaver of Weaver Realty Group LLC. All three JV partners are based in Newport Beach, California. The facility will be rebranded under RV Storage Depot, the national boat/RV-storage platform operated by Ramser Development.

American Garage Storage in Friendsville, Tennessee, sold. Built in 2015 on 16 acres, the facility at 645 Nelson Lane comprises 97,740 rentable square feet in 252 units and 130 vehicle-storage spaces. It was 98% occupied at the time of sale. The property is pre-approved for a 74,000-square-foot expansion. The seller was represented in the transaction by The Hatcher Group of M&M.

Hearthfire Holdings acquired five self-storage properties in Indiana from two separate owners. The facilities include A-Z Clear Lake Storage and A-Z Premier Storage in La Porte, and A-Z Storage and Discount Storage in Plymouth. Together, they comprise more than 164,000 rentable square feet in 1,000-plus units. The purchases were made through Hearthfire Growth Fund II, which closed following the transactions. Founded in 2012, Hearthfire changed its focus from multi-family investments to self-storage in 2017. Its portfolio of 11 self-storage facilities comprises 374,507 rentable square feet in 2,534 units.

Moove In Self Storage, which operates 44 locations in seven states, acquired Back 9 Storage in York, Pennsylvania. The facility at 4844 W. Market St. includes nine buildings comprising 67,000 square feet in 214 drive-up units and covered vehicle-storage spaces. It was constructed in 1999, with additions made through 2015. It’ll be managed by Investment Real Estate Management LLC (IREM), a member of IRE Group of Companies.

Barber Self Storage & Warehouse Rental in Virginia Beach, Virginia, sold. The facility at 2424 Castleton Commerce Way comprises 390,816 rentable square feet in 795 units and 186 vehicle-storage spaces. The transaction was brokered by Cowles M. “Monty” Spencer, CEO and president of The Storage Acquisition Group, which specializes in self-storage real estate in Canada and the United States, and vice president of Yorktown, Virginia-based Mid-Atlantic Commercial Realty.

A Tampa, Florida, self-storage facility managed by real estate investment trust (REIT) CubeSmart sold. The property at 3935 W. Cypress St. offers 58,135 net rentable square feet in 591 units. The transaction was negotiated by Monty and David Spencer of The Storage Acquisition Group.

Eastland Storage in North Versailles, Pennsylvania, sold. The facility at 836 E. Pittsburgh McKeesport Blvd. comprises 7,166 net rentable square feet in 94 climate-controlled units. The seller was represented in the transaction by The Hatcher Group.

Easy Self Storage in Houston sold to a California-based limited-liability company. Built in 1984, the facility at 11901 TX-249 contains five single-story buildings comprising 29,716 square feet in 236 units. The buyer and the seller, a private investor, were represented in the transaction by Dave Knobler, senior vice president of investments for M&M.

Extra Space Storage, a self-storage REIT and management company, sold two facilities in Reno and Sparks, Nevada, for $17 million to Northwest Building LLC, a commercial real estate development, investment and management firm. Together, the properties at 10650 S. Virginia St. and 30 E. Victorian Ave., respectively, comprise 98,565 square feet in 914 units. Extra Space was represented in the transaction by Dana Chobor, transaction coordinator, and Tom de Jong, senior vice president for Colliers Self Storage Group, which specializes in the acquisition, disposition and financing of self-storage facilities nationwide.

Hillside Self Storage in Andover, Connecticut, sold to a private buyer. The facility at 132 Jonathan Trumbull Highway comprises 23,550 square feet and includes outdoor vehicle storage. The seller was represented in the transaction by Justin Quinto, a brokerage advisor for IRE.

A Hammond, Louisiana, self-storage facility managed by self-storage REIT Life Storage Inc. sold. The facility comprises 40,000 net rentable square feet in 304 units. The seller was represented in the transaction by The Hatcher Group.

Andover Properties LLC, which operates the Storage King USA brand, purchased Maxi Self Storage in Naples, Florida. The facility at 3405 Radio Road comprises 42,000 rentable square feet in 387 units. Storage King operates 29 facilities in the state. Established in 2003, New-York based Andover owns and manages 113 storage properties in 16 states, comprising 8.3 million rentable square feet.

IncaAztec Self Storage acquired a Metro Mini Storage location and an unidentified, newly converted self-storage facility in Cleveland, Ohio. The Metro Mini property at 3815 Clark Ave. comprises 37,151 square feet in 421 units. The site at 12775 Berea Road was recently converted from an art-supply store. It comprises 70,300 rentable square feet in 200 units, with room to add 31,000 square feet. Based in Canton, Ohio, IncaAztec operates 14 locations in the state and 35 facilities across Florida, Kentucky, Ohio and West Virginia.

NexGen Self Storage in Yorktown, Indiana, sold. The facility at 1524 S. Nebo Road offers 29,907 square feet of storage on 2.77 acres. It’ll be rebranded as Copper Safe Storage. The seller was represented in the transaction by Jesse Luke, partner with EquiCap Commercial, a Saint Charles, Ill.-based brokerage specializing in self-storage.

Pike County Storage in Milford, Pennsylvania, sold. The facility at 105 Fisher Lane comprises 25,250 rentable square feet in 179 units. The property was 85% occupied at the time of sale. The seller was represented by The Hatcher Group.

An eight-property Oak View Capital Partners portfolio in Kansas, Missouri and Texas sold. Together, the facilities comprise 619,763 rentable square feet in 6,029 units. They were branded as Public Storage Inc. The seller was represented in the transaction by Ryan Clark, director of investment sales for SkyView Advisors, a Tampa, Fla.-based commercial real estate brokerage that specializes in self-storage.

Moove In Self Storage acquired the three-property Quality Care Self Storage portfolio in Coralville, North Liberty and Tiffin, Iowa. Together, the facilities at 761 Camp Cardinal Blvd., 980 W. Penn St. and 103 Village Drive, respectively, total 369,000 square feet in 2,600 units. They’ll be managed by IREM.

Moove In Self Storage also purchased Springfield Self Storage in Springfield, Massachusetts. Built in 1985, the two-story building at 340 Taylor St. comprises 116,000 square feet in more than 1,065 units. The site also offers 40 outdoor vehicle-storage spaces. It’ll be managed by IREM.

TK Secure Storage in Logan, Utah, sold to a regional self-storage development firm with holdings in the state. Built in phases between 1991 and 2003, the facility at 1115 W. 200 N. comprises 37,936 square feet in 241 units and 15 vehicle-storage spaces. The seller was represented in the transaction by Jordan Farrer, senior investment associate, and Adam Schlosser, senior vice president investments, for the LeClaire-Schlosser Group of M&M.

Townline Self Storage in Derby, Connecticut, sold to a private buyer. The property at 1732 Derby-Milford Road has been rebranded as LocalStorage, which operates 24 facilities in nine states. The seller was represented in the transaction by Quinto.

Vine View Storage in Social Circle, Georgia, sold to a local buyer. Built on 5.6 acres, the facility at 225 Lamar Hays Memorial Parkway comprises more than 18,000 rentable square feet in 116 units and 2,400 square feet of retail space. The seller was represented in the transaction by Michael Morrison, a broker with Midcoast Properties Inc., a commercial real estate brokerage focused on self-storage in Alabama, the Carolinas and Georgia.

HAN Capital, a Chicago-based real estate investment firm, has acquired Wylie Boat & RV Storage in Wylie, Texas. The 10-acre property at 3855 Osage Lane offers 153 vehicle-storage spaces. Founded in 2009 by brothers Nik and Alex Turik, HAN focuses on self-storage, RV parks and manufactured-housing communities. It owns 32 storage facilities in seven states under the Chicago Northside Storage and Heartland Storage brands.

Strategic Storage Trust VI Inc., a private REIT sponsored by an affiliate of SmartStop Self Storage REIT Inc., acquired a newly constructed self-storage facility in Phoenix for $11 million. Developed by B.E. Storage LLC, the structure at 4730 E. Baseline Road offers 68,500 square feet in 650 units. It’s across from another storage property Strategic purchased earlier this year. The seller was represented in the transaction by Norman Herd, president of Quantum Property Advisors, a Phoenix-based real estate firm that specializes in self-storage.

A newly constructed self-storage facility in Tilton, New Hampshire, sold to Tilton Self-Storage LLC for $4.28 million. Built on 6.75 acres, the property at 637 W. Main St. comprises 67,050 rentable square feet in 11 buildings. The seller was represented in the transaction by Matthew Bacon and Cassandra Farley, brokers with SVN|Masiello Commercial. The buyer was represented by Doug Martin of KW Commercial, the commercial real estate arm of Keller Williams Realty.

New Sources:

Buffalo News, Niagara County Self-Storage Facility Acquired by Amherst Couple
CoStar, Self-Storage Facility in Diamond Springs, California, Trades Hands
Globe Newswire, Compass Self Storage Adds Two More Self Storage Centers With Acquisition of Properties in Florida And Michigan
NEREJ, Jumbo Capital Sells Self-Storage Facility to Baranof Holdings for $27.5 Million
PR Newswire, Cohen Investment Group of Norfolk, VA Acquires 390,380-Square Foot Castleton Commerce Center in Virginia Beach, VA
PR Underground, Malagisi, Hardisty of SVN’s National Self Storage Team Negotiate Sale of Storage Facility in New York for $10.5 Million
The Storage Acquisition Group, Pensacola Self Storage-Pensacola, FL

Previous Sources:
Citizen Tribune, Strategic Storage Trust VI, Inc. Acquires Self Storage Facility in the Phoenix Metropolitan Area
Digital Journal, The Storage Acquisition Group Brokers Massive Storage Facility in Virginia Beach
MyChesCo, Hearthfire Holdings Announces Completion of Indiana Portfolio Acquisition
NEREJ, Bacon and Farley of SVN|Masiello Commercial Sell 67,050 s/f Tilton Self-Storage Facility for $4.28 Million
PR.com, EquiCap Commercial Just Closed Self Storage Activity
REBusiness Online, Marcus & Millichap Brokers Sale of 236-Unit Easy Self Storage in Houston
The Storage Group, CubeSmart (Mgd) Tampa, FL