Transactions and Deals: October 22, 2021
posted on 10/22/2021 5:07:00 AM
Marcus & Millichap Active in Heartland
Marcus & Millichap brokered the following sales:
Apublix Self Storage in Oklahoma City, Oklahoma. The Karr Self Storage Team consisting of Bryan Quaschnick, Brandon Karr, and Danny Cunningham, represented the seller and procured the buyer.
Riverside Boat & RV Storage, located in Newcastle, Oklahoma. The Karr Self Storage team represented the seller and procured the buyer.
Affordable Storage in Orange, Texas. Karr and Cunningham along with Dave Knobler and Mixson Staffel had the listing on behalf of a private investor. The buyer was a limited liability company.
Midlothian Self Storage in Midlothian, Texas. Karr, had the listing and procured the buyer.
Berkshire Hathaway Closes Two Deals
Berkshire Hathaway Commercial closed the following transactions:
Extra Space Storage (managed) in Schaumburg, Illinois, to a REIT. Brokers: Cameron Vale, Parker Sweet and Liam Snyder represented the seller and secured the buyer.
Alamance Self Storage in Elon, North Carolina. The seller was a private regional owner and the buyer was a private equity operator. Vale, Sweet and Andrew Plunkett, represented the seller and secured the buyer.
Midcoast Brokers South Carolina CubeSmart
Midcoast Properties Inc. brokered the sale of a CubeSmart-managed self storage facility in Lexington, South Carolina. Dale Eisenman represented the seller. The facility sold to an out of state buyer.
U-Haul Adding in Durango
U-Haul has purchased five acres in Durango, Colorado, for a new self storage facility. U-Haul Moving & Storage of Durango is scheduled for completion by 2023.
Rosewood Buys Converted Warehouse
Rosewood Property Company acquired a self storage facility in Harrisburg, Pennsylvania. The property is a former warehouse renovated into self storage in 2019.
SmartStop Bets on Denver
SmartStop Self Storage REIT, Inc. acquired a self storage facility in Lakewood, Colorado. This is SmartStop’s seventh location in the Denver market.
Turnstone Completes Georgia Development
Turnstone Group has completed a new self storage facility in Fayetteville, Georgia. The facility is managed by CubeSmart. The property was constructed by Atlanta-based Griffco, engineered by Travis Pruitt & Associates, and designed by Stinard Architecture.
New SecureSpace Opens in Tacoma
InSite Property Group has acquired Storage Etc. in the Lakewood neighborhood of Tacoma, Washington. The property will be rebranded as SecureSpace Lakewood.
Cooper Plans Route 66 Storage
Cooper Companies Inc. intends to develop a new self storage facility in Flagstaff, Arizona. The company has acquired a site on the iconic Route 66. The property will either be branded under Armour Self Storage or Extra Space Storage. The property will open in fall 2022.
Baranof Plans Los Angeles Storage
Baranof Holdings plans to develop a self storage facility in the Pico-Union neighborhood of Los Angeles, according to The Real Deal. This will be the Dallas-based developer’s second complex in Los Angeles.
Tags: The Karr Self Storage Team
, Berkshire Hathaway
, Midcoast Properties Inc.
, Rosewood Property Company
, SmartStop Self Storage
, Turnstone Group
, InSite Property Group
, Armour Self Storage
, Baranof Holdings
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