Sold! Weekly Self-Storage Acquisition Round Up 3.7.18
An unidentified private investment group bought U Storage OK in Edmond, OK, from an unidentified LLC for an undisclosed amount. The newly built facility, at 14000 N. I-35 Service Road, features 623 units in 134,318 net rentable square feet on a nearly 7.9-acre site. Newport Beach, CA-based US Storage Centers has been tapped to manage the facility. Trey Hammond and Michael Mele, both of Marcus & Millichap, represented the seller. Brian Fulton of Marcus & Millichap represented the buyer.
The Mele Group of Marcus & Millichap Completes Sale of U Storage OK
The Mele Storage Group of Marcus & Millichap has arranged the sale of U Storage OK, a 134,318-square-foot storage facility in Edmond, a suburb of Oklahoma City. The firm marketed the property on behalf of the seller, a limited liability company and represented the buyer, a private investment group.
The Mele Group of Marcus & Millichap Arranges the Sale of a 7.89-Acre Self-Storage Facility
OKLAHOMA CITY, OKLAHOMA, March 2, 2018 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of U Storage OK, a 7.89-acre self-storage facility located in Oklahoma City, Oklahoma, according to Kyle Palmer, vice president and regional manager of the firm's Tulsa office.
Strategic Storage Growth Trust, Inc. Acquires 695-Unit Newly Constructed Self Storage Facility in Tampa Bay Area
TAMPA, Fla., Feb. 22, 2018 /PRNewswire/ -- Strategic Storage Growth Trust, Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced today its purchase of a 695-unit self storage facility in the Tampa suburb of Riverview, Florida. Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, brokered the sale of the new facility, completed earlier this month.
Marcus & Millichap Arranges the Sale of a Bloomington, Indiana Self-Storage Facility
BLOOMINGTON, IN, February 26, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Southside Storage in Bloomington, IN, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $74 per net rentable square foot.