Day: October 7, 2024

The recent self-storage transactions, ranging from the record-breaking $91 million sale in Cerritos, California, to smaller acquisitions in markets like Tuttle, Oklahoma, and Danville, Arkansas, highlight investors’ focus on a diverse portfolio strategy. High-demand urban centers (e.g., Cerritos, Tacoma) attract investors due to dense populations, strong economies, and limited land supply. At the same time, suburban and rural markets offer opportunities for market penetration with less competition. Investors are also targeting facilities with high occupancy rates and a mix of unit types, reflecting a strategy to capitalize on steady cash…