Whether conducting a market study for the benefit of our clients or for our internal company use regarding a new development, acquisition or expansion, I phone every facility within the primary marketing area of a subject site.
Strategic Storage Growth Trust, Inc., a public non-traded REIT sponsored by SmartStop Asset Management, LLC, announced today its purchase of a newly constructed, 510-unit self storage facility in Sarasota, Fla.
Telegraph Storage in Brownstown Township, Mich., was sold for $4 million. The 6.5-acre property at 21516 Telegraph Road comprises 38,800 net rentable square feet of storage space. It was converted from an industrial site to storage two years ago.
Dallas-based Rosewood Property Company purchased the 89,841-square-foot self storage facility at 4420 E. 146th Street in Carmel, Indiana. The facility, StorAmerica Storage & Wine Cellar, was locally owned and managed.
The first quarter of 2017 marked another quarter of positive revenue and NOI same store metrics for the self storage sector. Non-weighted same store NOI growth was just over 6.4%, while non-weighted same store revenue grew 5%.
The Gorman Group of Marcus & Millichap, a leading self storage investment sales organization in the Southeast has announced the sale of Pack Rat Self Storage, a 45,675 square foot facility in North Charleston, South Carolina.
The Gorman Group of Marcus & Millichap, a leading self storage investment sales organization in the Southeast, has arranged the sale of Safe Storage, a 20,205 square foot property located on Johns Island, South Carolina.
Jernigan Capital arranged $9.224 million in financing for a new self storage development property in Tampa, FL. The multi-story ground up property is expected to offer 781 units on 70,888 net rentable square feet.
The NGKF Capital Markets Self Storage Group is pleased to announce the completion of a four-property portfolio refinance in Houston and Dallas/Fort Worth, TX. The portfolio consisted of more than 300,000-net-rentable square feet across 2,600 units.
Athena Real Estate, LLC. is pleased to announce the acquisition of Pack Rat Self Storage (to be re-named Out O' Space Storage), an approximate 400 unit or 45,700 square foot facility located at 2170 Greenridge Road, North Charleston, South Carolina.