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.
Property: Self-Storage Development Property
Location: Hoover, AL
Address: 3400 Old Columbiana Road, Hoover, Alabama
Closing Deal: $800,000
Seller: Eagle West, LLC.
Brokers and Brokerage: Lee Thornton, Eddie Greenhalgh of Marcus & Millichap (Birmingham office) represented the seller and Jack Peterson of Colliers represented the buyer
Acreage: 2.6 acres
Property: Bunker Hill Storage
Location: Kemp, TX
Address: 16131 US-175, Kemp, Texas
Brokers and Brokerage: Tyler Trahant and Chad Snyder of the Dominus Commercial (North Texas Broker Affiliates for Argus Self Storage Advisors)
Acreage: 2.83 acres
Square Feet: 32,900
Unit Count: 243 drive-up units
Occupancy: 82%
Portfolio: Athens Central Self Storage and Athens Personal Self Storage (Two-property Self-Storage Portfolio)
Location: Athens, TX
Brokers and Brokerage: Tyler Trahant and Chad Snyder of the Dominus Commercial (North Texas Broker Affiliates for Argus Self Storage Advisors)
Property: Self-Storage Portfolio (StorQuest managed)
Location: Carson, Los Angeles, Carlsbad and San Diego, CA
Address (Carson): 17106 Avalon Boulevard, Carson, California
Address (Carlsbad): 2500 Campbell Place, Carlsbad, California
Year Built: 2006 and 2008 respectively
Buyer: Westport Properties
Brokers and Brokerage: Greg Wells, Kevin Cuff, Luke Elliott and Mike Mele of Self Storage Advisory Group of Cushman & Wakefield (on behalf of the seller)
Acreage (Carson): ±4.5 acres
Acreage (Carlsbad): ±3.4 acres
NRSF (Total): 270,841
Unit Count (Total): 2,284 units
Occupancy: 90%
Property: Nine-Property Self Storage Portfolio
Locations: Midland and Odessa, TX
Seller: Extra Space Storage
Buyer: AVAD Capital
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of the Capital Markets Investment Sales and Advisory team of JLL
NRSF: 782,998
Unit Count: 5,180 units
Property: Big Box Storage
Location: Kingman, AZ
Address: 4415 N Bank St, Kingman, Arizona
Buyer: BGL Properties LLC
Unit Count: 20 units
Highlights:
- Adds growth potential for RV, boat, and self-storage in a fast-growing region
- The property sits on over an acre of land with expansion potential for RV, boat, and vehicle storage or up to 60-70 additional units based on market demand
- Fully automated rentals, allowing customers to lease units online and access them immediately
- Advanced technology, including smart locks, security cameras, and automated gate systems, ensures a seamless and secure experience
Property: Two-Story Self-Storage Property
Location: Boston, MA
Buyer: Leitbox Portfolio Partners
Innovative Development Strategies: Access Capital Group
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