Day: February 4, 2025

Recent self-storage transactions highlight varied strategies, from acquisitions in growing markets to developments in under-supplied areas. Operators leverage automation, prime locations, and local demand to drive immediate and long-term growth.   Portfolio: Nine-Property Self-Storage Portfolio Location: Midland and Odessa, TX Seller: Extra Space Storage Buyer: AVAD Capital Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of Capital Markets Investment Sales and Advisory Team of JLL NRSF: 782,998 Unit Count: 5,180 units Highlights: The assets are positioned in the Permian Basin, the highest producing oil field in…