Blog | The Storage Acquisition Group

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January 9, 2020April 30, 2020

The Storage Acquisition Group Announces New Chief Marketing Officer

By: The Storage Acquisition Group

YORKTOWN, VA, January 9, 2020 (Newswire.com) – The Storage Acquisition Group (TSAG) appointed Melissa Shandor as Chief Marketing Officer, effective immediately. As CMO, Shandor will be responsible for the company’s advertising, sponsorships, promotions, research, insights, and digital marketing initiatives.

“We are excited to bring Melissa on board to continue our presence nationally and launch our initiative to expand internationally,” said Monty Spencer, President & CEO of The Storage Acquisition Group. “Since its inception in 2014, The Storage Acquisition Group has seen substantial growth and bringing Melissa on board will support our expansion.”

Shandor brings extensive experience in digital marketing and brand awareness and a proven and consistent track record to launching and driving rapid growth in marketing. As CMO, Shandor will be responsible for driving TSAG’s success through a layered marketing approach throughout its 30+ markets.

About The Storage Acquisition Group

The Storage Acquisition Group is a commercial real estate firm that specializes in self-storage acquisition. With brokers nationwide, the TSAG team is able to purchase properties prior to listing. TSAG represents one of the largest private owners of self-storage in the United States. Its investment fund allocated over $2 billion for the acquisition of quality self-storage for sale.

The Storage Acquisition Group specializes in purchasing storage facilities and portfolios nationwide. Uniquely, we allow owners to sell direct without having to list their facility. With our 4-tiered approach, Market Analysis, Acquisitions, Underwriting, & Closing Support, The Storage Acquisition Group is able to help owners navigate a simple sales process while netting the highest possible profit.

January 4, 2020April 30, 2020

Monty Spencer Announced as Power Broker Award Winner for CoStar

By: The Storage Acquisition Group

Cowles M. ‘Monty’ Spencer, Jr. receives the CoStar Power Broker Award for the highest transaction volume in Commercial Real Estate

WASHINGTON, March 17, 2020 (Newswire.com) – CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, just announced this year’s Power Broker Award recipients, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals and leads in their respective markets. In Hampton Roads, Virginia, Cowles M. “Monty” Spencer, Jr. has been recognized as one of the most active local dealmakers with the prestigious industry award

Monty serves as the President and CEO of The Storage Acquisition Group, an affiliate of Mid-Atlantic Commercial Real Estate. He has completed over $1.5 billion in transactions over his career in the CRE industry.

About The Storage Acquisition Group:

The Storage Acquisition Group specializes in purchasing storage facilities and portfolios nationwide. Uniquely, they allow owners to sell direct without having to list their facility. With its four-tiered approach – Market Analysis, Acquisitions, Underwriting and Closing Support – The Storage Acquisition Group is able to help owners navigate a simple sales process while netting the highest possible profit.

The Storage Acquisition Group is an affiliated entity of Mid-Atlantic CRE, located at 110 Mid-Atlantic Place, Yorktown, Virginia.

December 3, 2019April 14, 2020

Birdneck Self Storage- Virginia Beach, VA

By: The Storage Acquisition Group

The Storage Acquisition Group today announced the sale of the Birdneck Self Storage in Virginia. The facility is located at 1195 Bells Road in Virginia Beach. The sale was finalized on November 5, 2019.

The sale was managed by Chris Nielsen, CCIM[1], an associate with the group, and president and CEO, Cowles M. “Monty” Spencer, Jr[2].

This facility includes 36,950 gross square feet and has 282 storage units as well as car, boat and RV parking spaces. The property offers drive-up access, electronic gates, video surveillance, and more.

Conveniently located along heavily traveled thoroughfares, this facility offers excellent visibility and convenience. Virginia Beach, long recognized as a top vacation destination, is also home to a robust and dynamic economy with a flourishing business sector.

The Storage Acquisition Group is the premier agency for owners of self-storage facilities or portfolios presently considering opportunities for acquisition. Recognized across the industry for its owner-friendly acquisition process and providing fair market values with the lowest possible transaction costs to the owner, The Storage Acquisition Group prides itself on an open and communicative process. With decades of combined transactional experience and an integrated network of industry related consultants, the group is equipped to offer solutions on even the most complex transactions. To learn more about The Storage Acquisition Group’s unique model, visit https://thestorageacquisitiongroup.com/. The Storage Acquisition Group is a division of Mid-Atlantic Commercial Real Estate located at 110 Mid-Atlantic Place in Yorktown, VA 23693.

[1] Chris Nielsen, CCIM, is an Associate with The Storage Acquisition Group and a Commercial Real Estate Investment and Development Advisor at ACCESS Commercial, LLC in Omaha, NE.

[2] Cowles M. “Monty” Spencer, Jr. is President and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

July 30, 2019April 14, 2020

Derry Self Storage & Seacoast Storage- New Hampshire

By: The Storage Acquisition Group

The Storage Acquisition Group today announced the sale of Derry Self Storage and Seacoast Storage in New Hampshire. The facilities are located in Derry and North Hampton, respectively. The sale was finalized on July 18, 2019.

The sale was overseen by group president and CEO, Cowles M. “Monty” Spencer, Jr.[1]

The facilities include 115,373 net rentable square feet and cover upwards of 21 acres. In total, the facilities offer 962 climate controlled and non-climate controlled storage units with a mix of interior access and drive-up access as well as electronic gates, video surveillance, and more.

[1] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Century 21 Atlantic Realty.

June 25, 2019April 14, 2020

Monkey Junction Self Storage Portfolio- Wilmington, NC

By: The Storage Acquisition Group

Monkey Junction Self Storage Portfolio Closing Announcement

The Storage Acquisition Group today announced the sale of the Monkey Junction Self Storage portfolio in North Carolina. The four facilities are located in Wilmington. The sale was finalized on June 7, 2019.

The sale was overseen by group president and CEO, Cowles M. “Monty” Spencer, Jr.[1]

This portfolio includes 568,139 rentable square feet and has nearly 3,000 climate controlled and non-climate controlled storage units as well as 458 car, boat and RV parking spaces. The properties offer drive-up access, electronic gates, video surveillance, and more.

With a footprint covering the majority of the Cape Fear Region, this portfolio of institutional grade facilities offers excellent market coverage. In addition to superior market presence, the facilities are all situated along highly traveled thoroughfares. Long recognized as a top travel destination for its majestic natural resources, the Wilmington area also offers a highly educated, plentiful workforce and a business-friendly environment. With so much to offer, Wilmington will surely continue to draw diverse and motivated residents year after year.

[1] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Carla Barnard of Keller Williams Professionals Realty at 86 Ashland Ave in Asheville, NC 28801.

June 3, 2019April 14, 2020

Beach City Self Storage- Hilton Head Island, SC

By: The Storage Acquisition Group

Beach City Self Storage Closing Announcement

The Storage Acquisition Group is pleased to announce the sale of Beach City Self Storage on Hilton Head Island, South Carolina. Fred Paris conducted the sale of the facility located at 78 Beach City Road. This facility offers 443 storage units and 67 parking spaces for a total of 50,725 square feet of prime storage space. The sale was finalized on May 15, 2019.

Press Release Depot Self Storage in Concord

The Storage Acquisition Group today announced the sale of Beach City Self Storage in South Carolina. The facility is located at 78 Beach City Road on Hilton Head Island. The sale was finalized on May 15, 2019.

The sale was managed by group vice president Fred Paris[1] and group president and CEO Cowles M. “Monty” Spencer, Jr.[2]

This facility totals 50,725 rentable square feet and has 443 climate controlled and non-climate controlled storage units as well as 67 car, boat and RV parking spaces. The property offers drive-up access, electronic gates, video surveillance, and more.

Located on the northeast side of the island directly adjacent to the Hilton Head Island Airport, this facility offers easy access and exceptional visibility. In addition to being a top travel destination, Hilton Head Island, South Carolina is also home to a diverse local economy with strong projected growth.

[1] Fred Paris is vice president of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

[2] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Gerald Scurry of ETS Properties in Mount Pleasant, SC.

May 29, 2019April 14, 2020

Dillon Road Self Storage- Hilton Head Island, SC

By: The Storage Acquisition Group

Dillon Road Self Storage Closing Announcement

The Storage Acquisition Group is pleased to announce the sale of Dillon Road Self Storage on Hilton Head Island, South Carolina. Fred Paris conducted the sale of the facility located at 159 Dillon Road. This facility offers 510 storage units and 79 parking spaces for a total of 67,250 square feet of prime storage space. The sale was finalized on May 15, 2019.

Press Release Dillon Road Self Storage on Hilton Head Island

The Storage Acquisition Group today announced the sale of Dillon Road Self Storage in South Carolina. The facility is located at 159 Dillon Road on Hilton Head Island. The sale was finalized on May 15, 2019.

The sale was managed by group vice president Fred Paris[1] and group president and CEO Cowles M. “Monty” Spencer, Jr.[2]

This facility totals 67,250 rentable square feet and has 510 climate controlled and non-climate controlled storage units as well as 79 car, boat and RV parking spaces. The property offers drive-up access, electronic gates, video surveillance, and more.

Located on the northeast side of the island, directly adjacent to the Hilton Head Island Airport, this facility offers easy access and exceptional visibility. In addition to being a top travel destination, Hilton Head Island, South Carolina is also home to a diverse local economy with strong projected growth.

[1] Fred Paris is vice president of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

[2] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Gerald Scurry of ETS Properties in Mount Pleasant, SC.

May 14, 2019April 14, 2020

Hialeah Drive Self Storage- Hialeah, FL

By: The Storage Acquisition Group

Hialeah Drive Self Storage Closing Announcement

The Storage Acquisition Group is pleased to announce the sale of Hialeah Drive Self Storage in Florida. David Spencer conducted the sale of the facility located at 1000 Hialeah Drive in Hialeah, Florida. This facility offers 1,007 units for a total of 96,507 square feet of prime storage space. This sale was finalized on May 7, 2019.

Press Release

The Storage Acquisition Group today announced the sale of Hialeah Drive Self Storage in Florida. The facility is located at 1000 Hialeah Drive in Hialeah. The sale was finalized on May 7, 2019.

The sale was managed by group vice president David Spencer[1] and group president and CEO Cowles M. “Monty” Spencer, Jr.[2]

This facility totals 96,507 rentable square feet and has 1,007 storage units. The property offers climate-controlled units, electronic gate access, video surveillance, and more.

Located in the heart of the sixth largest municipality in Florida, this facility has an excellent location along a major thoroughfare. Hialeah Drive Self Storage is centrally located within Dade County making it easily accessible to several surrounding cities including Miami, Opa-Locka and Miami Lakes.

[1] David Spencer is vice president of The Storage Acquisition Group and a Realtor with Keller Williams Realty Metro Atlanta.

[2] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Berger Commercial Realty Corp. in Fort Lauderdale, FL

May 13, 2019April 14, 2020

Shetland Park- Salem, MA

By: The Storage Acquisition Group

Shetland Park Closing Announcement

The Storage Acquisition Group is pleased to announce the sale of Shetland Park in Salem, Massachusetts. Bill Sitar Jr., Esq., Thomas Palumbo and Cowles M. “Monty” Spencer, Jr. conducted the sale of the complex located on Congress Street. This property is comprised of five buildings used for office, school, industrial and self-storage. The park complex itself totals 1,500,000 square feet and is situated on 30 acres adjacent to the historic Salem Harbor. The Shetland Park Self Storage facility located on site consists of 2,000 units for a total of 177,823 rentable square feet. This sale was finalized on May 1, 2019.

Press Release

The Storage Acquisition Group today announced the sale of Shetland Park in Massachusetts. The office park and associated self-storage facility are located on Congress Street in Salem. The sale was finalized on May 1, 2019.

The sale was managed by group vice president Bill Sitar Jr., Esq.[1], Thomas Palumbo[2] and group president and CEO Cowles M. “Monty” Spencer, Jr.[3]

This property totals 1,500,000 square feet of office, school, industrial and self-storage space. The self-storage facility consists of 2,000 storage units for a total of 177,823 rentable square feet.

Located directly adjacent to the historic Salem Harbor and downtown, Shetland Park has excellent location. Easily accessible via multiple state routes, bus, rail and ferry, Shetland Park is the North Shore’s premier waterfront business center.

[1] Bill Sitar Jr., Esq. is a vice president of The Storage Acquisition Group and a vice president of Sitar Realty Company in New Jersey.

[2] Thomas Palumbo is a vice president and broker sales associate with Sitar Realty Company in New Jersey.

[3] Cowles M. “Monty” Spencer, Jr. is president and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Jed Hayes of Sullivan Hayes Northeast in Farmington, CT.

April 24, 2019April 14, 2020

Depot Self Storage- Concord, NC

By: The Storage Acquisition Group

Depot Self Storage Closing Announcement

The Storage Acquisition Group is pleased to announce the sale of Depot Self Storage in Concord, North Carolina. Fred Paris conducted the sale of the facility located at 2450 Derita Road. This facility offers 364 storage units and 38 parking spaces for a total of 59,450 square feet of prime storage space. The sale was finalized on April 18, 2019.

Press Release

The Storage Acquisition Group today announced the sale of Depot Self Storage in North Carolina. The facility is located at 2450 Derita Road in Concord. The sale was finalized on April 18, 2019.

The sale was managed by group vice president Fred Paris and group president and CEO Cowles M. “Monty” Spencer, Jr.

This facility totals 59,450 rentable square feet and has 364 storage units as well as 38 car, boat and RV parking spaces. The property offers drive-up access, electronic gates, video surveillance, and more.

Located directly off of the I-85, this facility is convenient to the Concord Airport and Concord Mills Mall making it easily accessible to a number of surrounding communities. Concord, North Carolina is one of the fastest growing cities in the nation. This, coupled with an extremely business friendly environment, is marked by continued strong growth in the area.