Category: Recent Transactions

Property: Hinckley Storage Location: Hinckley, MN Brokers and Brokerage: Nathan Gottlieb, Matt Haugen, Alex Ihrke, and Tom Flannigan of Argus Self Highlights: The facility consists of all steel, drive up units Fully occupied facility Plans to implement software and revenue management   Property: Boon Self Storage Location: North Chili, NY Year Built: 2021 Buyer: Mitra Investment Partners(for its Mitra Diversified Fund I portfolio) Highlights: Fully occupied self-storage property Reflects strong local demand for quality storage options Plans to lease the on-site industrial-flex space will unlock additional value and diversify revenue…

      Property: StorageStar Harbor Location: San Antonio, TX Address: 16523 Huebner Road, San Antonio, Texas Year Built: 1998 Average Annual Household Income: $140,000 Third Party Manager: Extra Space Storage Broker and Brokerage: Jon Danklefs of The Danklefs Group of Marcus & Millichap Acreage: 2.5 acres Square Feet: 48,050 Unit Count: 396 non-climate-controlled units along with one apartment unit Highlights: State-of-the-art surveillance system Gated entry Personalized keypad access Single-story property No new projects in the development pipeline in the immediate trade area   Property: Hughes Springs Storage Units Location:…

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,…

Recent self-storage transactions highlight strong investor confidence and market diversity. KO Storage’s acquisition in North Texas and Buchanan Street Partners’ redevelopment in California show demand for both modern builds and adaptive reuse in high-density areas. U-Haul’s portfolio buy in Minnesota underscores the appeal of scalable, professionally managed facilities, while the permit-ready RV/boat site in Queen Creek, AZ, reflects growing interest in specialty storage options. Collectively, these transactions demonstrate investor confidence in both traditional and niche self-storage assets, with strong demand driven by factors like flexible management and adaptive development.  …

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…