![]() We're also very excited to be increasing our presence in Lincoln."īoth properties will receive interior and exterior lighting upgrades and carpeted hallways, according to a press release. "The property in Papillion meets all of our operating criteria. "We're very pleased to be making our initial entry into the Omaha market," said Mike Burnam, StorageMart CEO. Both were more than 80 percent occupied at the time of purchase, according to a press release. in Lincoln comprises about 46,600 square feet and will be StorageMart’s second in the city. It will be the company’s first location in the Omaha metropolitan market. in Papillion comprises 59,375 net rentable square feet in 392 storage units. ![]() They will be rebranded under the StorageMart name. The facilities comprise more than 106,000 net rentable square feet in 793 storage units. “The purchase of the portfolio provides the buyer with an incredible opportunity to convert various units to climate-controlled spaces in order to take advantage of a shortage in the market,” says Beasley.StorageMart, a Columbia, Mo.-based self-storage operator with 165 facilities in Canada and the United States, recently acquired two Strong Box Storage locations in Lincoln and Papillion, Neb. Kuchugurny and Edward Nelson, investment specialists in Marcus & Millichap’s Sacramento office, secured and represented the buyer, while Broker Brian Tranetzki assisted in closing the transaction. Michael Mele and Luke Elliott, investment specialists in Marcus & Millichap’s Tampa office, Devin Beasley of the firm’s Phoenix office and Daniel Kuchugurny of the Sacramento branch had the exclusive listing to market the property on behalf of the seller. Shortage of climate-controlled unitsīoth assets, built in 1997, are located in the vicinity of residential communities and retail options and adjacent to manufactured home parks. The asset is close to State Route 88 and U.S. Office tenants include computer repair and mobile sales services. The property offers 26,522 rentable square feet, with a physical occupancy of roughly 79 percent and an economic occupancy of 66 percent. The self-storage facility comprises 210 units, including 203 non-climate-controlled units, ranging from 50 to 250 square feet and seven office spaces. ![]() Less than one mile from Ironwood, Strongbox occupies 1.5 miles at 1735 West Apache Trail. By relocating the office area, it is possible to expand units within the space. The property has excellent visibility and signage along Superstition Boulevard. Ironwood offers 60,442 rentable square feet, with physical occupancy of roughly 89 percent and economical occupancy of 76.2 percent. ![]() It consists of 398 units-345 non-climate-controlled units ranging from 25 to 600 square feet, 13 offices and 40 boat/RV spaces. ![]() One of the facilities, Ironwood, is located on 4.8 acres at 1678 Superstition Blvd. Prior to the deal, the Apache Junction self-storage portfolio belonged to an out-of-state private investor. Specialists in the firm’s Phoenix, Tampa and Sacramento offices brokered the transaction. The Mele Group of Marcus & Millichap facilitated the sale of Ironwood and Strongbox-two self-storage facilities in Apache Junction, Ariz., comprising 608 units-to a buyer based outside of Arizona. ![]()
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