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Transactions and Deals: April 9, 2023

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 Transactions and Deals: April 9, 2023

William Warren Buys Two


William Warren Group bought a pair of storage facilities in Woodland Hills and Diamond Bar, California, for $69.6 million. The seller was Storage, Etc.




Marcus & Millichap Brokers Deals


Marcus & Millichap brokered the following sales:

•    Eldon Self Storage in Eldon, Missouri, for $1.5 million. Sean Delaney and Robert Cook marketed the property on behalf of a Missouri-based limited liability company, and secured the Missouri-based limited liability company buyer.
•    Sun Basin Self Stor in Othello, Washington, for $5.5 million. Christopher R. Secreto marketed the property on behalf of a limited liability company, and secured the buyer, a family trust.


SmartStop Snags 800 Award


SmartStop Self Storage REIT Inc. was honored with an “800 Award” in the home-services category from Reputation. The award recognizes businesses that consistently provide exceptional customer service as determined by online reviews with an average rating of at least 800.


Public Storage Buys in Virginia


Public Storage acquired Chesdin Storage in Petersburg, Virginia, for $4.5 million from a private owner. Virtual Realty Partners and Michael Morrison of Midcoast Properties Inc. represented the seller.


Flagship Invests in Florida


Flagship Companies Group in a joint venture with Blue Vista Capital Management broke ground on two storage facilities in Land O’Lakes and Cocoa, Florida. The JV secured a $10.5 million loan from American Momentum Bank.

North Carolina Asset Sells


Midcoast Properties, Inc. brokered the sale of Heartland Drive Self Storage in Kernersville, North Carolina, to a regional buyer. Michael Morrison represented the seller.


Manhattan Mini Envelopes Theatre


Manhattan Mini Storage will expand into the space previously occupied by a dinner cinema in the Upper East Side of Manhattan, New York. The additional storage will open by 2024.


Cogent Bets on Florida


Cogent Capital Management will build a storage facility in Lakeland, Florida., according to The Ledger.


Wentworth Buys in California


Wentworth Property Co. has purchased two storage facilities in Roseville, California.


Cape Coral Considers Storage Halt


The City Council of Cape Coral, Florida, was set to discuss halting permits, site plans and development for self storage at an April 5 public hearing. The moratorium would be within all zoning districts through January 2024.


Prime Buys Florida Asset


Prime Storage Group acquired a Public Storage (managed) property in Port St. Lucie, Florida. Marcus & Millichap brokered the deal on behalf of the seller, Mequity Cos.


MV Investment Sells in Tallahassee


MV Investment sold a new facility in Tallahassee, Florida, to an undisclosed buyer.


Paradigm Adds in Mixed-Use


Paradigm Development Partners opened a new facility within its Clay Town Center mixed-use development in Middleburg, Florida. The property operates under the Life Storage brand.


Storage Ninjas Buys in Texas


Storage Ninjas acquired Haslet Boat & RV Storage in Haslet, Texas. The deal was in conjunction with Upper Space Group. a New York development company.






| Categories: | Tags: William Warren Group, Marcus & Millichap, SmartStop Self Storage, Chesdin Storage, Flagship Companies Group, Heartland Drive Self Storage, Manhattan Mini Storage, Cogent Capital Management, Wentworth Property Co, Cape Coral, Prime Storage Group, Storage Ninjas | View Count: (1233) | Return

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