Category: Recent Transactions

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…

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,…