Category: Recent Transactions

The recent acquisitions in the self-storage sector showcase a strategic focus on diverse, high-potential markets, from suburban hubs to niche local areas. Valley Storage’s purchase of Garrett County Self Storage in McHenry, Maryland, capitalizes on its proximity to major attractions like the state’s largest deepwater lake, a county airport, Wisp Ski Resort, and a golf club, targeting a small tourism-driven market with growth potential. Vault Ventures acquired Self-Service Storage in Tallahassee, Florida, targeting stable demand for non-climate-controlled units in a key state capital. Meanwhile, the acquisition of Second Attic Storage…

The recent self-storage transactions highlight the diverse market dynamics at play, reflecting both the consolidation trends within the industry and the strategic acquisition of properties in growth markets. Older facilities like those in Lakeland, FL, and Richmond, VA, are being repurposed or modernized to meet evolving consumer demands, while newer properties in areas like Canton, GA, and Columbus, MS, are expanding to capitalize on strong occupancy rates and growing demand for climate-controlled units. The involvement of major players like StorageMart and SmartStop Self Storage underscores the industry’s focus on acquiring…

Property: Self-Storage Development Site Location: Boynton Beach, FL Address: 9905 Acme Dairy Road, Boynton Beach, Florida Closing Deal: $6 Million Buyer: Shadowbrook Development, LLC Brokers and Brokerage: Sean Delaney, Jeff Herrmann and Ryan Nee of Marcus & Millichap Acreage: 3.09 acres Square Feet: 130,000 NRSF: 77,475 Unit Count: 575 units plus 42 uncovered parking spaces Highlights: Has space for RV parking, and parcel and MUPD site work Nearby national retailers include Chick-fil-A, Publix, ABC Fine Wine & Spirits, Starbucks and Wawa     Property: Aero Treasure Coast Storage Location: Vero…

Property: Oak Crest Storage Location: Iowa City, IA Address: 4942 Oak Crest Hill Road S.E., Iowa City, Iowa Year Built: 1999 Brokers and Brokerage: George Kondracke, Jon Ruzicka, Brian Kelly, Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Coe Group of Marcus & Millichap Acreage: 5.70 NRSF: 34,397 Unit Count: 261 units (27 climate-controlled units, 101 non-climate-controlled units, 22 enclosed parking spaces, 109 uncovered parking spaces, and two leasable offices) Occupancy: Highlights:   Portfolio: 19 Self-Storage Portfolio Location: Across the Southeast U.S ( FL, GA, AL and NC)…

Property: Premier Storage of Delaware Location: Delaware, OH Address: 3295 US-42, Delaware, Ohio Year Built: 1999 Year Expanded: 2024 Brokers and Brokerage: Gabriel Coe, Nathan Coe, Brett Hatcher and Michael Glass of the Hatcher Coe Group of Marcus & Millichap Acreage: 10.91  acres Square Feet: 68,053 Unit Count: 489 units (Mix of climate-controlled, non-climate-controlled units and parking options) Room for Expansion: Yes (37,625-square-foot expansion)   Portfolio: Barnes Storage (four-property portfolio) Location: Carrollton, GA Address: 3015 Hwy 61, 3439 and 3549 Carrollton Villa Rica Hwy and 2537 Hwy 166 in Carrollton,…

Property: Bear Valley RV Park and Self Storage (managed by Right Move Storage) Location: Hesperia, CA Address: 18435 Bear Valley Rd Hesperia, California Year Built: 1996 Buyer: Merit Hill Capital (Real Estate Investment Firm in Brooklyn, New York) Broker and Brokerage: Brian Somoza of The JLL Capital Markets Self-Storage team of JLL Acreage: 49.6 acres Unit Count: 726 units Occupancy: 87% VPD: 52,500 Vehicles Per Day Highlights: Consists of a mixture of single-story Permanent structure RV parking units Surface parking units Portable storage units Electronic gate access 24-hour video surveillance…

Property: Sentinel Self Storage (will soon operate under the brand of Right Move Storage) Location: Tomball, TX Year Constructed: 2023 Year Opened: April 2024 Buyer: LandPark Advisors, LLC, in collaboration with Sunset Capital, LLC (collectively, “LandPark Sunset Storage III”) Acreage: 4.73 acres NRSF: 80,195 Unit Count: 350 units Highlights: Automated security gate with key-code access Roll-up doors Concrete driveways Manager’s office Video surveillance throughout the property A sufficient detention pond has been incorporated for drainage purposes   Property: Nantucket Self Storage Facility Location: Nantucket, MA Seller: Joseph Mendola and Joseph…

Property: North Side Mini Storage Location: Evansville, IN Address: 1020 E Mt Pleasant Rd, Evansville, IN 47725 Broker and Brokerage: Taylor Cahn of Storage Exchange Acreage: 1.94 acres NRSF: 29,056 Unit Count: 243 units (182 drive-up non-climate units, a newly built 46-unit climate-controlled building plus 15 outdoor parking spaces) Physical Occupancy: 91% VPD: 24,000 Vehicles Per Day Highlights: Apartment for the on-site manager 3.95 sq ft / capita (within a 3-mile radius) 5.93 sq ft / capita (within a 5-mile radius)     Property: Secure Storage Location: Clarklake, MI Address:…

Property: A Plus Storage Location: Kingston, MA Buyer: Merit Hill Capital Broker and Brokerage: Brendan Carney of The de Jong | Becher Team of Colliers (represented the sellers) NRSF: 36,350 Unit Count: 303 units Contact: Tom de Jong (tom.dejong@colliers.com) and Jacob Becher (jacob.becher@colliers.com) – For more information on this transaction, pricing or to inquire about future self-storage acquisition and disposition opportunities   Property: Cal Self Storage Location: Hayward, CA Address: 26869 Mission Blvd, Hayward, California Seller: The Reeves Family Trust Buyer: Merit Hill Capital Brokerage: The de Jong | Becher…

Property: Graham’s Storage Location: Kannapolis, NC Address: 2804-2806 N Cannon Blvd, Kannapolis, NC 28083 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street Acreage: 8.03 acres NRSF: 48,231 Unit Count: 357 units Seller Testimonial: “From listing to close, Frank and David provided us with exceptional service in the sale of our facility. Their extensive market knowledge, combined with years of industry experience, helped us navigate towards a successful close. In addition, their engagement at every stage of the process was exemplary. Having been in contact with their team…