Recent Closings

SELF STORAGE

Blue Water Self Storage
Jacksonville, FL
$8,625,000

Listing Agents: Michael A. Mele

• Meticulously Maintained, State-of-the-Art Facility
• Traffic Counts of 47,916 Vehicles Per Day on Merrill Road
• Upside in Occupancy of the Storage Center
• Florida Ranked as the Top Tax Environment in the East to Do Business
• 772 Storage Units For a Total of 80,734 Net Rentable Square Feet
• 2 Retail Units For a Total of 45,135 Net Rentable Square Feet

Blue Water Storage Center and Retail Plaza represents an investment opportunity with all of the elements that one would look for: high density location on a main thoroughfare with excellent accessibility, excellent demographics and a state-of-the-art facility. Blue Water Storage Center and Retail Plaza is located at 9119 Merrill Road, Jacksonville, Florida. The facility is situated on approximately 10.38 acres. The asset was constructed in 1990 and renovated in 2008.

Next Door Storage
Crystal Lake, IL
$4,050,000

Listing Agents: Kevin Menendez

• Great Location in the Desirable Chicago MSA
• Population is 131,255 in a Five-Mile Radius
• Average Household Income is $105,294 in a Five-Mile Radius
• Fully Fenced Facility with Electronic Gate Access
• Both Climate-Controlled and Non-Climate-Controlled Units

Next Door Storage is a great opportunity for an investor to buy a stabilized self storage facility with upside potential in occupancy. Constructed in 1977, expanded in 1985, and renovated in 2013 and 2014, the facility is situated on approximately 4.19 acres and consists of 579 units for a total of 58,100 net rentable square feet. The facility is fully fenced with an electronic gate allowing for a secure storage option for the local community. The buildings feature concrete block construction on a concrete foundation. The facility features wide driveways and both climate- and non-climate-controlled storage units. Outside units have drive-up unit access with roll-up doors, allowing for easy accessibility.

Value Self Storage
Venice, FL
$4,200,000

Listing Agents: Michael A. Mele

• State of the Art Facility Highlight Line
• Upside in Occupancy
• 8.02 Percent Pro Forma Capitalization Rate
• Strong Demographics with Dense Population

Value Self Storage – Venice is located on South Tamiami Trail, less than five miles south of Interstate 75. The facility sits on approximately 2.67 acres and is comprised of 48,970 net rentable square feet with 647 climate- and non-climate-controlled storage units and boat or RV parking. The property is 90 percent physically occupied and 89 percent economically occupied. Amenities include a rental office, perimeter fencing, video surveillance, and gated access.

Stow Away Storage
Racine, WI
$1,575,000

Listing Agents: Sean Delaney

Perimeter Self Storage
Valdosta, GA
$3,530,000

Listing Agents: Michael A. Mele, Luke Elliott

• Opportunity to Increase Revenue Through Rent Growth
• Strong Demographic — 48,642 People in Three-Mile Radius
• Meticulously Maintained Property
• Pro Forma Capitalization Rate of 7.83 Percent

Perimeter Self Storage represents a rare self-storage investment opportunity with all of the elements that one would look for: stable, long term cash flow with substantial upside potential, high-density residential location on a main thoroughfare with excellent accessibility, excellent demographics, and a growing population. The facility was built in 1996 and expanded with the addition of two storage buildings in 2000. Total rentable square footage is 45,828 with 40 percent currently climate-controlled space. Amenities include 24-hour video surveillance, electronic gate access, fully fenced facility, and wide driveways for easy access. Total land area of the storage facility is 2.82 acres.

Safeguard Self Storage Portfolio
Baldwin, NY / Ridgefield, NJ
$24,823,000

Listing Agents: Michael A. Mele

• Core Investment Opportunity in One of Northeast’s Most Sought-After Self Storage Markets
• Two State-of-the-Art Facilities
• High Occupancy Rates
• 1,302 Units For a Total of 128,083 Net Rentable Square Feet
• Strong Demographics with Dense Populations

This offering is comprised of two self storage facilities totaling 128,083 rentable square feet and is located in Baldwin, New York and Ridgefield, New Jersey. The properties consist of 1,302 climate-controlled and heated-only self storage units. The facilities have key pad access and are fully monitored by video surveillance, guaranteeing secure storage. Both properties have excellent occupancy with the upside of increasing economic occupancy. The Ridgefield property offers the opportunity of additional income by renting the onsite 1,500-square foot apartment and 1,800-square foot studio space. This portfolio is strategically located in New York and New Jersey with convenient commutes to New York City. Each property is visible along roads with high traffic counts and strong demographics with numbers well above the national average for population and average household income.

Additional Storage of Palm Bay
Palm Bay, FL
$11,000,000

Listing Agents: Michael A. Mele, Luke Elliott

• Opportunity to Increase Revenue Through Rent Growth• 100 Percent Occupied with Additional Revenue to be Realized by Increasing the 80 Percent Economic Occupancy

• Only One Competing Facility Within a Three-Mile Radius
• Population in Palm Bay has Increased by 40 Percent Since 2000 and is Expected to Increase an Additional 10 Percent by 2020
• Strong Demographics: Over 20,000 Vehicles Per Day on Malabar Road and Over 100,000 People Within a Five-Mile Radius
• Surrounded by National Retailers and Residential Neighborhoods
• Lower Price Per Square Foot than Recent Sales of Similar Self-Storage Properties
• Palm Bay Recently Implemented an Aggressive Economic Program to Encourage Property Development and Business Growth

Additional Storage of Palm Bay represents a rare opportunity for an investor to buy a fully occupied, institutional quality asset with the ability to realize additional upside by increasing rental rates to market standards. This property is conveniently located just west of Interstate 95 on the highly traveled Malabar Road in Palm Bay, Florida. At this facility there are 7 buildings with a total of 122,690 net rentable square feet. The site is fully secured by a perimeter fence with electronic gate access and is monitored by surveillance cameras to ensure safe storage. There are a total of 1,110 units that range in size from 25 square feet to 300 square feet and include additional boat and RV parking. Constructed in 2000 and expanded in 2006, the facility has wide driveways with easy unit accessibility.

Berkley Self Storage
Roanoke, VA
$2,550,000

Listing Agents: Michael A. Mele,  Bobby Bloch

• Meticulously Maintained, State-of-the-Art Facility
• Traffic Counts of Over 24,000 Vehicles Per Day on Washington Avenue
• Upside in Occupancy of the 2014 Expansion
• City of Roanoke Recognized for Outstanding Quality of Life
• 364 Storage Units For a Total of 54,350 Net Rentable Square Feet
• 3 Acres Available for Additional Expansion

Berkley Self Storage represents an excellent investment opportunity with substantial upside potential, as an expansion was recently completed. Lease of the just-added 19,800 square feet has not yet begun. Available revenue enhancements include a tenant insurance program, truck rental program, and active revenue management. There is also a three-suite office, in addition to the storage management office, that can be leased for additional revenue. Berkley Self Storage is located at 201 Berkley Road Northeast, Roanoke, Virginia. The facility is situated on approximately 7.25 acres, and of that, approximately three fully entitled acres remain for additional storage development. The first phase of the facility was constructed in 2002 and expanded in 2014. The facility consists of 364 units for a total of 54,350 net rentable square feet, and an additional 15,780 square feet approved for vehicle (boat and RV) parking.