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: Class A Self Storage
Location: Rochelle Park, NJ
Brokers and Brokerage: Self Storage Capital Markets of Newmark
Square Feet: 90,300
Unit Count: 1,117
Occupancy: 82%
Property: Self-Storage Facility (under Storage King USA brand)
Location: Rockingham, NC
Address: 102 W. Greene St., Rockingham, North Carolina
Year Renovated: 2022
Buyer: Andover Properties
Unit Count: 500 climate-controlled units
Square Feet: 63,000
Highlights:
- The facility represents the 15th North Carolina facility for Andover’s Storage King USA brand
- The property features three loading docks, multiple levels of storage units, keypad-controlled entry and 24/7 video surveillance
Property: Self Storage Facility (rebranded as SecureSpace Arlington)
Location: Arlington, VA
Address: 2710 South Nelson Street, Arlington, Virginia
Buyer: SecureSpace Self Storage
Square Feet: 49,409
Unit Count: 880 units
Highlights:
- This purchase marks SecureSpace’s third operating store in the DC-Baltimore MSA, with a fourth new development opening soon
- The leasing office will be upgraded to SecureSpace’s signature contemporary style and our proprietary high-security platform – managed by our National Security Team – is being installed
- It includes AI-enabled cameras and sensors providing an enhanced security and monitoring platform
- As with all SecureSpace properties, free high-speed Wi-Fi access will be available for our customers and guests
- The SecureSpace.com contactless rental process, allowing tenants to fully lease a unit online and receive instant access to their units, is up and running
- All units are clean and serviced regularly by pest control professionals for tenants’ peace of mind
- SecureSpace Arlington is open for business
Property: Family-Owned Self-Storage Facility (previously managed by CubeSmart)
Location: Belleville, IL
Brokers and Brokerage: Tom Flannigan, Alex Ihrke, Matt Haugen, and Nathan Gottlieb of Argus Self Storage Advisors
NRSF: 46,791
Highlights:
- High-quality, climate-controlled facility
- Originally converted to climate-controlled storage in 2020
- The facility sits on over 9 acres with approved plans for future expansion
Portfolio: Self-Storage Portfolio
Location: Bixby and Catoosa, OK
Brokers and Brokerage: Jared Jones, CCIM, of Jones Investment Real Estate, LLC, an Argus Self Storage Advisors affiliate for Oklahoma
NRSF: 66,495
Highlights:
- Strategically located in high-growth submarkets within a top 55 MSA, the portfolio aligns with broader investment trends favoring self-storage assets with scalable, remote management solutions
- The properties present significant value-add opportunities through revenue management optimization and the expansion of remote operational efficiencies
- The sale further confirms that appropriately priced self-storage opportunities in Oklahoma remain in high demand among investors
Portfolio: Five Premier Self-Storage Facilities
Location: Florida, Texas, and Arizona
Address (Florida): 460 Florida Central Parkway, Longwood, Florida
Address (Florida): 6707 Narcoossee Road, Orlando, Florida
Address (Texas): 7905 Spencer Highway, Pasadena, Texas
Address (Texas): 3701 FM Road 2181, Corinth, Texas
Address (Arizona): 4860 N 83rd Ave in Phoenix, Arizona
Buyer: Strategic Storage Growth Trust III, Inc. (sponsored by an affiliate of SmartStop Self Storage REIT, Inc.)
NRSF (Longwood Facility): 68,800
NRSF (Orlando Facility): 101,000
NRSF (Corinth facility): 98,100
NRSF (Pasadena facility): 150,000
NRSF (Arizona facility): 82,600
Unit Count (Longwood Facility): 560 units
Unit Count (Orlando Facility): 690 units
Unit Count (Corinth facility): 770 units
Unit Count (Pasadena facility): 860 storage units and 80 RV units
Unit Count (Arizona facility): 730 drive-up and climate-controlled units
Highlights:
- These five properties were acquired by SSGT III in Delaware Statutory Trusts
- The properties sit in well-populated, high-growth suburban areas with strong median household incomes and significant daily traffic counts
- The Florida properties are located in Longwood and Orlando
- Longwood facility offers ground-level drive-up and climate-controlled units across eight single-story buildings
- Longwood facility is well-positioned to serve the communities of Rolling Hills, The Woodlands, Sabal Point, The Springs, Hidden Oak Estates, and Longwood Club
- Orlando facility is well-positioned to serve the neighborhoods of Lake Nona, Village Walk, Summerdale Park, Somerset Park, and Somerset Crossings
- Orlando Facility offers ground-level drive-up and climate-controlled units across four single-story buildings
- The Texas properties are located in Corinth and Pasadena
- Corinth facility features 17 single-story and two two-story buildings
- The location benefits from its proximity to approximately 300 multifamily units within one block
- Corinth facility serves the neighborhoods of Oakmont Estates, Lake Sharon Estates, Meadow Oaks, Kensington Estates, Cypress Point Estates, and The Bluffs at Pinnell Pointe
- Pasadena facility property features five single-story buildings
- Pasadena facility’s ideal location serves the communities of Spencer Highway Gardens, South Pasadena Plaza, Clear Lake, Deer Park Gardens, Parkview South, and Brookwood
- Arizona facility consists of one two-story building and four single-story buildings
- Arizona facility serves the surrounding neighborhoods of Maryvale, West Plaza, Camelback Ranch, Glendale, Peoria, and Avondale
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