Representative Self Storage Transactions
Investcorp International / Storage Today Portfolio
Four Facilities in
Chicago & Suburbs
| Price |
Rentable SF |
Units |
| $59,000,000 |
368,647 SF |
3,993 |
- Represented Investcorp International, an alternative investment manager with approximately $12 billion in assets under management, and their operating partner, Storage Today, in the disposition of their four-property portfolio. The Class A assets opened in 2002 to 2004, with locations in Chicago, Bolingbrook, & Countryside, Illinois.
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LifeStorage Portfolio
Six Facilities in
Chicago & Suburbs
| Price |
Rentable SF |
Units |
| $48,500,000 |
441,221 SF |
3,854 |
- Represented a Chicago based developer & operator in the disposition of their six-property, state-of-art portfolio. The assets, opened, in 2004 to 2006, were a combination of new construction and conversions, with locations in Chicago, Elgin, Algonquin, Carpentersville, Matteson, & Markham, Illinois. All properties in the initial lease-up phase.
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Devon Self Storage Portfolio
Four Facilities in New Jersey, Maryland & Pennsylvania
| Price |
Rentable SF |
Units |
| $45,100,000 |
400,055 SF |
3,241 |
- Represented the state of Michigan's Retirement System Pension Fund and their operating partner Devon Self Storage in the disposition of four recently converted self storage properties.
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Boston Capital Portfolio
Seven Facilities in Cincinnati, Ohio
| Price |
Rentable SF |
Units |
| $42,500,000 |
638,499 SF |
5,266 |
- Represented Boston Capital, a private equity real estate investment company, in the disposition of their seven-property portfolio. The institutional-quality assets were located in Cincinnati and Dayton, Ohio.
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American Self Storage Portfolio
15 Facilities in Greater Cincinnati, Ohio
| Price |
Rentable SF |
Units |
| $39,500,000 |
954,258 SF |
8,910 |
- Represented a Cincinnati based developer & operator in the disposition of their 15-property portfolio with Industrial Revenue Bond Financing. Opened between 1989 - 2004, the portfolio featured uniform construction in visible retail locations throughout the greater Cincinnati metropolitan area. The portfolio was sold to Extra Space Storage, Inc., a publically traded REIT.
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U-Store It Portfolio
Eight Facilities in Chicago & Suburbs
| Price |
Rentable SF |
Units |
| $31,500,000 |
460,043 SF |
4,907 |
- Represented U-Stor-It and their partners in the portfolio sale to GE Capital / Storage USA.
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Buckeye Self Storage Portfolio
Six Facilities in Columbus, Ohio
| Price |
Rentable SF |
Units |
| $29,000,000 |
351,987 SF |
3,017 |
- Represented developer & operator in the disposition of their six-property, institutional-quality portfolio. The newly built facilities featured high traffic, high visibility locations, climate controlled and exterior drive-up units.
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GEM Realty Capital, Inc. / Budget Self Storage Portfolio
Four Facilities in Charlotte & Raleigh, North Carolina
| Price |
Rentable SF |
Units |
| $19,010,000 |
297,980 SFO |
2,696 |
- Represented GEM Realty Capital, Inc., a private equity real estate investment company, and their development partner, Budget Self Storage, in the disposition of their newly-built, four-property portfolio. The state-of-the-art Class A assets opened in 2008 to 2009, and were located in Charlotte & Raleigh, North Carolina. The properties were sold to Sovran Self Storage, a publicly traded REIT.
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Boston Capital Portfolio
Two Facilities in Chicago Suburbs
| Price |
Rentable SF |
Units |
| $16,675,000 |
170,411 SF |
1,340 |
- Represented Boston Capital, a private equity real estate investment company, in the disposition of their two-property portfolio. The institutional-quality assets were located in the affluent Chicago suburbs of Highland Park and Hoffman Estates, Illinois.
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Lock Up Storage Centers Portfolio
Three Facilities in Glen Rock, Lyndhurst, & Linden, New Jersey
| Price |
Rentable SF |
Units |
| $15,700,000 |
156,718 SF |
1,555 |
- Represented The Lock Up Storage Centers in the sale of three institutional-quality self storage properties.
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U-Store-It Portfolio
Three Facilities in Chicago, Illinois
| Price |
Rentable SF |
Units |
| $15,000,000 |
209,374 SF |
1,765 |
- Represented U-Stor-It and their partners in the portfolio sale to Babcock & Brown, a global investment and advisory firm. The three single-story assets were located in densely populated Chicago neighborhoods near Chicago's Midway International Airport.
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Easy Storage
Toronto, Canada
| Price |
Rentable SF |
Units |
| $14,150,000 |
110,463 SF |
953 |
- Represented GEM Realty Capital, Inc., a real estate investment company, and their development partner, Budget Self Storage (dba Easy Storage Canada), in the disposition of their recently converted facility in Toronto, Canada. The facility was sold to Strategic Storage Trust, Inc., a publicly registered non-traded REIT.
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Storage USA & McDonald's
Los Angeles, California
| Price |
Rentable SF |
Units |
| $13,250,000 |
53,972 SF |
649 |
- Represented private developer in the disposition of their fee simple interest in a self storage asset and a leased fee interest in a ground lease with McDonald’s. The location featured a population of over 1 million within a 5-mile radius. Purchased by The William Warren Group, Inc. (dba StorQuest Self Storage), a privately held real estate company based in Santa Monica, California.
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SafeGuard Self Storage
Coral Springs, Florida
| Price |
Rentable SF |
Units |
| $10,300,000 |
75,600 SF |
766 |
- Represented Safeguard Self Storage, wholly-owned by a fund managed by Morgan Stanley, in the disposition of their class A asset located in the Ft. Lauderdale community of Coral Springs, Florida. The portfolio was sold to Extra Space Storage, Inc., a publically traded REIT.
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Michigan Portfolio
Four Facilities in Detroit Suburbs
| Price |
Rentable SF |
Units |
| $8,760,000 |
241,980 SF |
2,030 |
- Represented Citizens Bank in the disposition of four institutional-quality facilities operated by Simply Self Storage located in the Detroit suburbs of Shelby Township, Fraser, Flat Rock, Waterford Township, Michigan. Properties sold to private investors.
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Babcock & Brown / America Portfolio
Four Facilities in Chicago & Lincolnshire, Illinois
| Price |
Rentable SF |
Units |
| $8,745,000 |
227,665 SF |
2,230 |
- Represented Babcock & Brown, a global investment and advisory firm, and Bank of America in the sale of four facilities to New York based W. P. Carey & Co. LLC.
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McCook Self Storage
McCook, Illinois
| Price |
Rentable SF |
Units |
| $7,200,000 |
69,945 SF |
698 |
- Represented a Chicago based developer and equity partners in the disposition of their state-of-art facility located in the Chicago suburbs of McCook, Illinois. The facility was sold to Safeguard Self Storage, wholly-owned by a fund managed by Morgan Stanley.
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Desert Country Club Storage
Palm Desert, California
| Price |
Rentable SF |
Units |
| $6,800,000 |
570,150 SF |
423 |
- Represented developer & operator in the disposition of their new facility located in Palm Desert, California. The institutional-quality asset featuring large wine storage sold to Equity Based Services based in San Diego, California.
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Storage Center
Deerfield, Illinois
| Price |
Rentable SF |
Units |
| $6,500,000 |
59,905 SF |
524 |
- Represented a private developer & operator in sale of multi-story facility to Public Storage, a publically traded REIT.
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Green Bay Avenue Self Storage
Milwaukee, Wisconsin
| Price |
Rentable SF |
Units |
| $6,500,000 |
72,210 SF |
568 |
- Represented a developer & operator in the disposition of their newly-converted facility located in Milwaukee, Wisconsin. The asset was sold to Crescendo Properties, Inc. (dba StorageKings) based in Sacramento, California.
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Simply Self Storage
Hampton, Virginia
| Price |
Rentable SF |
Units |
| $4,900,000 |
73,400 SF |
650 |
- Represented Bank of America in the disposition of their new facility located in Hampton, Virginia, a community in the metropolitan area of Norfolk & Newport News, Virginia. The facility was sold to Strategic Storage Trust, Inc., a publicly registered non-traded REIT.
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Storage One — Annie Oakley
Las Vegas, Nevada
| Price |
Rentable SF |
Units |
| $4,850,000 |
54,355 SF |
466 |
- Represented a San Diego based developer and equity partners in the disposition of their new Las Vegas, Nevada facility with assumable CMBS financing. The institutional-quality asset purchased by Equity Based Services based in San Diego, California.
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StorageStop
Burlington, New Jersey
| Price |
Rentable SF |
Units |
| $2,600,000 |
54,765 SF |
563 |
- Represented a developer in the disposition of their institutional-quality facility located in the Philadelphia suburbs of Burlington City, New Jersey. The asset sold to Storage Investment Management, Inc. (dba Planet Self Storage), a private investment & management company with over 30 self storage assets.
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Simply Self Storage
St. Louis, Misouri
| Price |
Rentable SF |
Units |
| $2,400,000 |
73,400 SF |
650 |
- Represented Bank of America in the disposition of their facility located in the St. Louis suburbs of High Ridge, Missouri. The facility was sold to Sovran Self Storage, a publicly traded REIT.
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