TAMPA, FLORIDA – January 31, 2023 – Lockhart Management Group (LMG) and Top Hat Commercial Real Estate (THCRE) are proud to announce the successful sale of a three-property self-storage portfolio at certificate of occupancy in December 2022. This venture includes two properties located in Clearwater, Florida and a third property located in Phoenix, Arizona. This portfolio boasts a combined square footage of 280,000 with nearly 2,200 units representing a significant investment opportunity. The property was purchased by Value Store It Self Storage.
Brian Fulton, Broker – THCRE, joined forces to assist James Lockhart, the Founder & Managing Partner of LMG in the sale of the three-property self-storage portfolio. The successful transaction included the following properties:
- Seville Self Storage: 2611 Seville Blvd, Clearwater, FL 33764
- This state-of-the-art seven-story self-storage facility, located just off the Old Tampa Bay shoreline in Clearwater, generates over 105,000 GSF and 76,000 NRSF of storage space; it represents the premier self-storage option in the area.
- Countryside Self Storage: 26489 US-19, Clearwater, FL 33761
- Nestled within the bustling Westfield Countryside Mall Shopping Area in Clearwater, this modern five-story self-storage facility offers approximately 98,000 GSF and 73,000 NRSF of storage space.
- Black Canyon Self Storage: 21427 N Black Canyon Hwy E, Phoenix, AZ 85027*
- Conveniently located off the congested I-17 in Phoenix, Arizona, this spacious two-story self-storage facility provides nearly 77,000 GSF and more than 57,000 NRSF of storage options for both residential and commercial customers.
LMG is proud of the hard work and dedication that went into the development and sale of this three-property self-storage portfolio. This venture marks a successful completion, and LMG and THCRE look forward to seeing the continued growth and success of these properties in the future.
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*The Broker of Record for the Black Canyon Self Storage transaction was The Virtual Realty Group; Winnfort Myles, AZ Licensed Broker.
More about Lockhart Management Group:
Lockhart Management Group (LMG) is a self-storage development and acquisition company that builds sustainable, high-quality facilities through strict market underwriting and multiple levels of due diligence. Led by James Lockhart, LMG has developed or co-developed 26 properties to date and uses advanced in-house development technology and site selection technology to ensure efficiency, quality, and execution. The company is committed to creating superb risk-adjusted financial returns through its sustainable self-storage developments. For more information visit: buildselfstorage.com
More about Top Hat Commercial Real Estate:
Top Hat Commercial Real Estate (THCRE) is a boutique brokerage and development consulting firm headquartered in Tampa, Florida. Licensed in the state of Florida with a team of experts in site feasibility, property development, valuation, cash flow modeling, research, sales, and marketing, THCRE is equipped to handle all aspects of self-storage development. Whether you’re looking to develop a new self-storage facility or expand your current portfolio, THCRE has the expertise and resources to help you achieve your goals. For more information visit: tophatcre.com