Archive for » October 11th, 2017«

Sold! Weekly Self-Storage Acquisition Round Up 10.11.17

The Loeffler Self-Storage Group closed on the sale of two California self-storage facilities for a total of $7.5 million.

In Novato, CA, Bobby Loeffler and Tyler Skelly, both of the Loeffler Self-Storage Group, represented the owners, Charles and Michael McCabe, in the sale of Mac-Andy Boat RV Storage for $5.8 million. A local RV rental and storage operator bought the facility, which offers 166,399 net rentable square feet. The property, at 310 Deer Island Lane, features more than 240 parking stalls on 5.8 acres.

Mac-Andy Boat RV in Novato, CA recently sold for $5.8 million.

In Redding, CA, Loeffler and Skelly brokered the sale of Shasta Economy Storage for $1.7 million. Marian Beith sold the 298-unit facility to Redding-based Tops Industries Inc. Shasta Economy Self Storage features 30,934 net rentable square feet on 3.2 acres. A nearly 3.8-acre parcel that’s available for expansion was included in the sale. The facility, at 4531 Caterpillar Road, is now known as Caterpillar Road Storage.

This Redding, CA facility recently sold for $1.7 million.

National Storage Affiliates purchased the six-property ACE Storage portfolio in the St. Louis metro area. The portfolio spans 440,059 square feet and about 3,000 storage units. The sale was negotiated by Ryan Clark of Skyview Advisors, who represented the seller. Sales price was not released.

National Storage Affiliates acquired a portfolio of six facilities in St. Louis.

National Storage Affiliates also purchased Security Storage, a 46,932-square-foot facility in Hollywood, MD. Ryan Clark of Skyview represented the seller, Phoenix LLC.

Southern California-based Best Self Storage is entering the self-storage industry in a big way: the new company purchased the 21-property U-Stor-It self-storage portfolio for an undisclosed price. The 563,000-square-foot portfolio features locations in New Mexico, Texas and Arkansas. Best Self Storage is led by industry veteran Robb Kone. Peter Pappageorge and Doug Shea of INCO Commercial represented the buyer. The portfolio will retain the U-Stor-It name and be managed by Argus Professional Storage Management.

Bellomy Co. arranged the sale of a two-property storage portfolio in suburban San Antonio, TX. Ten Oaks Self Storage in Boerne, TX, comprises 756 units on nearly 7.5 acres, while Ten Oaks Self Storage in Helotes features 467 units. Combined, the facilities have 186,859 net rentable square feet. The Boerne facility is at 131 Old San Antonio Road, and the Helotes facility is at 16304 W. Bandera Road. Bill Bellomy, Michael Johnson and John Arnold, all of Bellomy Co., represented the Boerne-based based seller. The names of the buyer and seller, along with the sale price, weren’t available.

An out-of-state buyer purchased Lawhorne Storage in Sylvester, GA. The names of the buyer and seller weren’t disclosed. The purchase price wasn’t available. Located on more than 6 acres, Lawhorne Storage features 26,000 rentable square feet and 261 units, along with a house and two offices. The facility is at 101 Thompson St. Michael Morrison, an associate broker with Midcoast Properties Inc., handled the sale.

Marcus Millichap represented the buyer and seller of a self-storage facility in Austin, TX. The seller of Wells Branch Self Storage, a 64,412-square-foot facility, was a family trust in New Jersey. The buyer was Wells Branch Mini U Storage LLC, based in Southern California. Dave Knobler and Charles LeClaire, both of Marcus Millichap, handled the deal.

“We received six offers for the asset,” Knobler says, “and interestingly the four highest offers came from private capital investors and not publicly traded institutions.”

Mini U Storage recently purchased this Austin, TX facility.

The sale price wasn’t available. The 587-unit Wells Branch Self Storage is at 1763 Wells Branch Parkway.


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Boat Jumble Sale & Family Fun Day On Oct 22

Everyone has seen yard and car boot sales – now there will be one for boats.

The West End Development Corporation [WEDCO] is organizing a Boat Jumble Sale and Family Fun Day at the Royal Naval Dockyard on Sunday, October 22 from 11am to 4pm.

“People who want to register can email marketing@wedco.bm by Monday, October 16,” said Stephanie Rodill, Marketing and Events Manager at WEDCO.

“Participation is free, but if you want a table the fee is $25 and a table and chairs will be provided. Also, we are laying on a dumpster to take any unwanted unsold items.

“We always see car boot sales or yard sales and we thought it would be a change to do something for boats. It’s a really good opportunity to pick up a bargain while at the same time getting a bit more space in your garage.”

Boat Jumble Sale and Family Fun Day Bermuda Oct 2017

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Category: All, Entertainment


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Our Perspective on rain affecting our area

Because of events like the shooting at Texas Tech and the mass shooting in Las Vegas, Amarillo police held a C.R.A.S.E. class Tuesday evening to educate residents on how to handle an active shooter situation. C.R.A.S.E. stands for Civilian Response to Active Shooter Events. More than 100 people gathered at the Amarillo civic center this evening to learn how to react in the case of an active shooter situation. That attendance is in large part because of the shootings in Las Vegas, a…


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Tampa Bay’s Largest Boat Show Sets Sail This Weekend at Tampa Convention Center

TAMPA, FL – The 2017 Progressive Insurance Tampa Boat Show sets sail this weekend featuring the marine industry’s newest boats and accessories. Visitors to the Bay Area’s largest boat show can view hundreds of boats, including fishing boats, sailboats and yachts from the region’s top dealers.

The event was originally scheduled for September, but was postponed because of Hurricane Irma. The boat show starts at 10 a.m. Friday at the Tampa Convention Center, 333 South Franklin St.,
and continues through Sunday. Adult tickets for ages 13 and older: $12; youth tickets for ages 12 and under: free (when accompanied by a paid adult).

“The Progressive Insurance Tampa Boat Show continues to showcase the latest innovations and trends to the Tampa market,” said Kevin Murphy, show manager. “We’re bringing the best of boating to Tampa, with interactive boating simulators, sailboats and mega yachts, stand-up paddleboarding and more.”

Florida led the nation in sales of new powerboat, engine, trailer and accessories in 2016, generating $2.5 billion. Many manufacturers will debut their latest models.at this year’s Tampa show.

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“Visitors to this show will be among the first in the world to see many of these boats,” according to Murphy.

Additionally, the three-day show provides activities for anyone interested in the boating lifestyle, from avid anglers to novice boaters, and families to retirees.

“The boat show has a wide range of activities to entertain and educate people of all ages and experience levels,” said Murphy. “Whether you’re in the market for a luxury cruiser, or exploring ways to get on the water, our expanded in-water display will showcase more than 100 best-in-class vessels, ranging in size from 30 to 80 feet.”

Attendees can hone their boating skills with on-the-water workshops along Tampa Bay. Topics range from basic docking and boating safety to open water boat handling and anchoring. Other educational opportunities include Fred’s Shed DIY Seminars Interactive Learning Center, where attendees can participate in free hands-on clinics on boat maintenance, repair and upgrade techniques; as well as a full schedule of fishing seminars.

New to the boat show is Family Fun Day on Sunday, Oct. 15. Families can take advantage of a special, online-only Family Admission which includes tickets for two adults and two children for $20. The first 50 children to the show on Sunday will receive a free fishing pole. All attendees can participate in free Kids’ Zone activities including face painting, sand art and balloon art.

The Progressive Boat School can also help attendees boost their boating IQ. Top-notch mariners from the Annapolis School of Seamanship will provide tips and tricks that will help boaters safely enjoy the water.

For tickets and details, visit TampaBoatShow.com.

Friday: 10 a.m.- 8 p.m.

Saturday: 10 a.m.- 8 p.m.

Sunday: 10 a.m. – 6 p.m.
Note: In-water area closes at sunset

VIP EVENT:
Thursday, Oct. 12
An exclusive opportunity to view and board all in-water yachts with valet parking, cocktails and hors d’oeuvres.
Cost: $75

Discounted tickets available for all members of the military with proof of valid ID.

Purchase tickets at TampaBoatShow.com, at the show box office, or by calling 954-441-3220.

Image via Tampa Boat Show Facebook page.

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