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Transactions and Deals: April 19, 2024

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Transactions and Deals: April 19, 2024

Marcus & Millichap Closes Deals

 

Marcus & Millichap brokered the following sales:


•    Urban Heights Storage in Des Moines, Iowa.
•    AC Self Stroage in Colorado Springs, Colorado.

 

 

 

 

 

Go Store It Opens Adaptive Reuse

 

Go Store It Self Storage opened a facility in Savannah, Georgia. The property is an adaptive reuse of a former grocery store.

 

Florida Town Enacts Moratorium

 

The Cape Coral, Florida, city council approved a moratorium on new self storage facilities. The moratorium will expire in January 2025.

 

REIT Buys Southern Portfolio

 

IPC Alternative Real Estate Income Trust acquired four storage properties located in Atlanta, Georgia, and Montgomery, Alabama, for $25.5 million. Inland Private Capital was the seller.

 

Manhattan Mini Supports Comics

 

Manhattan Mini Storage teamed up with Stand Up NY to sponsor a video series showcasing six local comedians performing in self storage units. The comics performed in front of sold-out crowds of 1-15 people.

 

StorageMart Buys Two

 

StorageMart acquired two facilities in Greenwood, Indiana, and Columbia, Missouri.

 

Five Star Buys in Montana

 

Five Star Storage acquired a storage facility in Billings, Montana.

 

Devon Opening in Massachusetts

 

Devon Self Storage will open in the former National Needle Building in Springfield, Massachusetts.

 

CBRE Manages Sales

 

CBRE brokered the following sales:


•    A storage development site in Lehigh Acres, Florida, to a private investor for $4.5 million.
•    A facility in Brookfield, Wisconsin. The buyer was Merit Hill Capital.

 

U-Haul Plans South Dakota Site

 

U-Haul began construction on a new facility in Sioux Falls, South Dakota. Completion is expected in early 2025.

 

 

 

 

 

 

 

| Categories: | Tags: Marcus & Millichap, Go Store It, moratorium, REIT, Manhattan Mini Storage, StorageMart, Five Star Storage, Devon Self Storage, CBRE, U-Haul | View Count: (207) | Return

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