The latest self-storage transactions reflect varied investment strategies across diverse markets, focusing on growth potential and local demand dynamics. These deals highlight operators’ confidence in self-storage as a resilient asset class, from acquisitions in growing secondary markets to new developments in under-supplied areas. Investments like these highlight a focused strategy for capturing demand by leveraging factors such as automated features, locations near universities, or meeting the needs of suburban communities, all while addressing market-specific opportunities and positioning for immediate and long-term growth.
Property: 24-7 Automated Storage
Location: Henderson, NV
Broker and Brokerage: Jordan Farrer of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 1.51 acres
Square Feet: 29,900
Unit Count: 230 units
Highlights:
- Contains nine single-story self-storage buildings
- All units drive-up accessible
- 24-7 Automated Storage
- Electronic gated entry with a digital keypad
- A professional leasing office, kiosk, and video surveillance throughout the facility
- Asphalt driveways
- Metal roll-up doors throughout
Property: Yellow Door Storage – Northgate
Location: Denton, TX
Address: 3020 E Sherman Dr., Denton, Texas
Year Completed: 2022
Seller: NorthBridge Realty Holdings
Buyer: Extra Space
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets
Square Feet: 65,600
Unit Count: 520 units
Occupancy: 55.8%
Highlights:
- The Class A facility features ground floor climate-controlled units
- Drive-up units
- 24-hour video surveillance
- On-site office
Property: Land For Class-A Self-Storage Facility
Location: Deer Park, IL
Closed Deal: $2 Million
Buyers: Hernandez Development and XSITE Real Estate
General Contractor: The project will be led by Hernandez Construction
Third Party Manager: Extra Space
Acreage: 6 acres
Square Feet: 123,000
Vehicles Per Day: 44,900 vehicles
Highlights:
- Climate-controlled self-storage facility
- 6,098 sq ft multi-tenant building with drive-thru
- Dedicated drive-thru-only Scooter’s Coffee
- Adjacent to Deer Park Town Center and across from Kildeer Marketplace on Rand Road/U.S. 12
- With only 6.80 sq ft of self-storage per person in the area—below the national average of 8.52 sq ft—this market is currently under-supplied
Property: Self-Storage Facility
Location Marietta, GA
Address: 4945 Canton Road Marietta, GA 30066
Buyer: Hwy 5 Self Storage
Third Party Manager: Absolute Storage Management (Absolute)
NRSF: 60,125
Unit Count: 432 units
Highlights:
- Hwy 5 Self Storage Inc has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services and the facility is officially under Absolute’s management as of January 7, 2025
- Offers safe and secure non-climate and parking unit options to the local communities of Sandy Plains, Swanson Heights and Marietta-Canton Highway Area
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