Category: Recent Transactions

Recent self-storage transactions showcase the sector’s adaptability and appeal across diverse markets. Urban assets like Extra Space Storage in Allen, Texas, highlight the demand for Class A, climate-controlled facilities, while value-add opportunities in tertiary markets, such as Graham and Victoria, Texas, attract investors seeking expansion potential. High-visibility properties like Gateway Storage of Rolla, Missouri, further demonstrate strategic positioning’s role in driving demand. The emphasis on modernization and scalability highlights the sector’s response to shifting market demands.   Portfolio: NextStor Storage Portfolio Location: Candler, NC Address: 1952 Smokey Park Hwy, Candler,…

Portfolio: Six-Property Self-Storage Portfolio Locations: Philadelphia MSA and West Florida (Tampa, Sarasota, Fort Myers) Philadelphia MSA Properties: 1354 Hook Rd., Sharon Hill 3952 N Providence Rd., Newtown Square 4440 E Bristol Rd., Trevose Florida Properties: 3501 Gandy Blvd., Pinellas Park 619 Cattlemen Rd., Sarasota 17625 Tamiami Trail, Fort Myers Seller: Partnership between Metro Self Storage and Heitman Buyer: Andover Properties Brokerage: National Self-Storage team of JLL NRSF: 468,266 Highlights: The properties were operated and managed under the Metro Self Storage brand at the time of sale Will be rebranded to…

The recent self-storage transactions across Carbondale, Illinois and Texas markets (Georgetown, Denton, and Conroe) highlight a trend toward acquiring established facilities in rapidly growing areas. Texas, in particular, shows strong investor interest, likely due to its population growth and economic expansion, which bolster demand for self-storage. The properties’ varied features—ranging from climate control and drive-up units to advanced security measures—demonstrate a competitive focus on diverse customer needs and facility functionality, reflecting an emphasis on enhancing service offerings in high-demand markets.   Portfolio: Four-Property Self Storage Portfolio Location: Carbondale, IL Brokers…

The self-storage transactions from October 15-21 highlight diverse market dynamics, with buyers targeting regions offering unique advantages. The deals in Glenmont and Corning, New York reflect demand in smaller, less saturated Northeast markets where stable local needs make properties appealing. In Dallas, Texas, the acquisition of Absolute Self Storage, underscores the city’s growth, driven by a strong economy and expanding population. Meanwhile, the sale of a five-property portfolio in Michigan and Wisconsin totaling 73,358 square feet at $3.9 million highlights the attractiveness of the Midwest, where lower acquisition costs and…

The seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center’s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.   Portfolio: The Storage Center (three-property) Locations: Austin and…

The recent self-storage transactions, ranging from the record-breaking $91 million sale in Cerritos, California, to smaller acquisitions in markets like Tuttle, Oklahoma, and Danville, Arkansas, highlight investors’ focus on a diverse portfolio strategy. High-demand urban centers (e.g., Cerritos, Tacoma) attract investors due to dense populations, strong economies, and limited land supply. At the same time, suburban and rural markets offer opportunities for market penetration with less competition. Investors are also targeting facilities with high occupancy rates and a mix of unit types, reflecting a strategy to capitalize on steady cash…

Property: Dan Ark Mini Storage Location: Danville, AR Buyer: Danville AR Ozark Broker and Brokerage: Larry Goldman, CCIM of the Goldman Investment Advisors of Argus Highlights: The buyer plans to fully automate the facility and potentially build out the site with additional conventional storage units, as the facility’s occupancy has been running near capacity.   Property (Land): Self-Storage Development Site Location: Richmond Hill, GA Address: Hwy 17 & White Oak Lane, Richmond Hill, GA Broker and Brokerage: Ryan Haney of the Coastal Storage Group (formerly Weaver Realty Group) of Argus…

These self-storage transactions reflect a strategic investment focus on suburban and regional markets across the U.S., targeting both residential and commercial demand. With a mix of climate-controlled, drive-up, and commercial spaces, properties in Oklahoma, New Jersey, Minnesota, and Texas are positioned to capture local market needs, particularly in urbanizing areas. The emphasis is on diverse service offerings and operational efficiency to meet growing demand from businesses and homeowners, with more advanced facilities in markets like Glassboro and Rochester attracting higher-income clientele.   Property: Premium Storage Location: Tuttle, OK Address: 4945…

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…