These six self-storage transactions, finalized last week, reflect a strategic push into rapidly expanding suburban and coastal markets, along with an emphasis on specialized storage solutions. The Rockport, TX portfolio focuses on boat and RV storage, catering to a recreationally driven market, while Pego Self Storage in Mabank, TX addresses rising demand in the growing suburbs near Dallas. Spartan Investment Group’s acquisition in Beaufort, SC capitalizes on a high-growth coastal region with a state-of-the-art facility. StorageMart’s purchase in Canton, GA signals investment in a thriving Atlanta suburb. CubeSmart’s acquisitions in Howell and Millstone, NJ target affluent Northeastern markets, blending retail synergies with a mix of storage options. Collectively, these deals underscore the self-storage sector’s expansion into high-demand areas and its alignment with evolving consumer needs.
Property: Rockport Boat & RV Storage Portfolio (two-property)
Location: Rockport, TX
Brokers and Brokerage: Dave Knobler, Charles “Chico” LeClaire and Mixson Staffel of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: +/- 6.79 acres
Square Feet: 86,650
Unit Count: 240 units plus 28 outdoor parking spaces
Highlights:
- Five single-story buildings
- Video surveillance
- Gated entries with digital keycode access
- Roll-up doors
- Concrete driveways
- A full-service on-site managers office
- Wash station
Property: Pego Self Storage (12 buildings)
Location: Mabank, TX
Address: 11951 Texas -198
Brokers and Brokerage: Danny Cunningham and Brandon Karr of The Karr-Cunningham Storage Team of Marcus & Millichap
NRSF: 72,262
Unit Count: 568 drive-up and climate-controlled units
Property: Self Storage Facility
Location: Beaufort, SC
Address: 240 South Carolina Highway 128
Year Built: 2021
Buyer: Spartan Investment Group
Brokers and Brokerage: Danny Cunningham and Brandon Karr of The Karr-Cunningham Storage Team of Marcus & Millichap
Square Feet: 60,890
Unit Count: 543 climate-controlled and non-climate-controlled units
Property: Self Storage Facility
Location: Canton, GA
Address: 4843 Holly Springs Pkwy, Canton, Georgia
Seller: SMV Hudson LLC
Buyer: StorageMart
Brokers and Brokerage: Ackerman & Co. and Trout Daniel & Associates David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman Co. and Steven Cornblatt and Coleman Tirone of Trout Daniel & Associates (TD&A) – represented the buyer
Square Feet: 95,430
Unit Count: 865 units
Highlights:
- Enhanced security features
- 24-hour video surveillance
- On-site management
- 24/7 customer support
Property: Self Storage Facility
Location: Howell, NJ
Address: 2299 Route 9 North, Howell, New Jersey
Seller: TFE Properties
Buyer: CubeSmart
Square Feet: 78,000
Unit Count: 550 units
Highlights:
- Computerized gate access
- Climate-controlled ground-level and oversized units
- The site is also home to Dollar General, The Learning Experience, White Castle, Frutta Bowls and others across 24,000 square feet of retail space
Property: Self Storage Facility (CubeSmart Managed)
Location: Millstone, NJ
Year Built: between 2021 and 2023
Closing Deal: $10.3 million
Brokers and Brokerage: Milton Braasch II, Ben Tracy and Simon Assaf of Matthews Real Estate Investment Services
Acreage: 10 acres
NRSF: 59,605
Unit Count: 488 units (340 climate-controlled and 148 non-climate-controlled)
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