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Transactions and Deals: August 11, 2022

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Transactions and Deals: August 11, 2022

Marcus & Millichap Active Across Markets

 

Marcus & Millichap brokered the following sales:

  • U-Stor-It in Crete, Illinois. Jeffrey Herrmann and Sean Delaney listed the property on behalf of a California-based limited liability company. The buyer was a Delaware-based limited liability company.

  • Crawford Street Storage in Salina, Kansas. Robert Cook and Sean Delaney listed the property on behalf of a local individual/personal trust.

  • East Wenatchee Mini Storage in East Wenatchee, Washington, for $18 million. Christopher Secreto listed the property on behalf of a limited liability company and represented the buyer, a limited liability company.

  • A four-property portfolio in greater Houston. Dave Knobler and Charles "Chico" LeClaire listed the property on behalf of a Georgia-based partnership. The buyer was New York-based Andover Properties.

 

Midcoast Sells South Carolina Asset

 

Midcoast Properties, Inc. brokered the sale of Crooked Creek Boat & RV Storage in West Union, South Carolina. Michael Morrison represented the seller. The facility was sold to a local development company.

 

Spartan Builds in Oregon

 

Spartan Investment Group has completed FreeUp Storage Sandy, in Sandy, Oregon. This is the group’s second ground-up development. FreeUp Storage is Spartan’s brand of owned and managed facilities.

 

Minnesota Property Sells

 

KW Commercial Minneapolis brokered the sale of Pleasant Lake Storage in Hackensack, Minnesota, for $950,000 to a local operator. Matt Haugen, Alex Ihrke and Tom Flannigan listed the property and procured the buyer.


 

Nilles Joins Store Space


Store Space Self Storage named David Nilles director of finance. Prior to Store Space, Nilles was vice president and relationship manager in commercial banking at BMO Harris Bank in Orlando, Florida.

 

SecureSpace Completes Largest Transaction

 

SecureSpace Self Storage acquired 11 facilities from Central Self Storage in California, Oregon and Texas. The transaction is the largest in SecureSpace company history. Pegasus Group was the seller.

 

Extra Space Buys in Austin

 

Extra Space Storage purchased Woodland Self Storage in Austin, Texas. JLL Capital Markets marketed the property on behalf of the seller, Endeavor Real Estate Group.

JLL’s team was led by Steve Mellon.

 

Life Storage Plans Hotel Conversion

 

Life Storage has purchased the McKinley Park Inn in Hamburg, New York, and plans to convert it to storage. The property sold for $4 million.

 

Peak Building in Delaware

 

Peak Management LLC will develop a storage facility in Milton, Delaware, after receiving approval from the town’s zoning board.

 

SmartStop Lands in The Villages

 

Strategic Storage Growth Trust III, Inc., which operates SmartStop Self Storage REIT, acquired

two self storage facilities in The Villages, Florida.

 

U-Haul Buys in Florida

 

U-Haul recently purchased the former Starpar Storage property in Sebring, Florida.  

 

Michigan Storage, RV Development Underway

 

Pine Brook Properties will develop a storage facility and RV park in Kalkaska, Michigan.

 

 

 

 

| Categories: | Tags: Marcus & Millichap, Crooked Creek Boat & RV Storage, FreeUp Storage, Pleasant Lake Storage, Store Space Self Storage, SecureSpace Self Storage, Extra Space Storage, Life Storage, Peak Management, SmartStop Self Storage, U-Haul, Pine Brook Properties | View Count: (501) | Return

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