Recent Transactions: 01.28.2025 – 02.03.2025

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.   Portfolio: Nine-Property Self-Storage Portfolio Location: Midland and Odessa, TX Seller: Extra Space Storage Buyer: AVAD Capital Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of Capital Markets Investment Sales and Advisory Team of JLL NRSF: 782,998 Unit Count: 5,180 units Highlights: The assets are positioned in the Permian Basin, the highest producing oil field in…

Recent Transactions: 01.21.2025 – 01.27.2025

The latest self-storage transactions reflect varied investment strategies across diverse markets, focusing on growth potential and local demand dynamics. These deals highlight operators’ confidence in self-storage as a resilient asset class, from acquisitions in growing secondary markets to new developments in under-supplied areas. Investments like these highlight a focused strategy for capturing demand by leveraging factors such as automated features, locations near universities, or meeting the needs of suburban communities, all while addressing market-specific opportunities and positioning for immediate and long-term growth.     Property: 24-7 Automated Storage Location: Henderson,…

Extra Space Storage Inc. Has Acquired Yellow Door Storage – Northgate in Denton, TX

Extra Space Storage Inc. has acquired Yellow Door Storage – Northgate, a 520-unit self storage facility in Denton, Texas, from NorthBridge Realty Holdings. JLL represented the seller and procured the buyer. The self storage facility is currently subject to a $5.3 million construction loan originated by Washington Federal Bank in 2021. JLL Capital Markets Managing Directors Steve Mellon and Brian Somoza, together with Directors Adam Roossien and Matthew Wheeler, worked on behalf of the NorthBridge in securing the deal. Yellow Door Storage – Northgate, up close The 65,600-rentable-square-foot facility came…

Recent Transactions: 01.14.2025 – 01.20.2025

Recent self-storage transactions reflect a mix of strategic activity across development, value-added, and stabilized asset opportunities. Transactions included Class A developments, fully entitled sites in growth markets, and acquisitions in high-density areas with limited supply, such as New Jersey. Value-add deals also stood out, with facilities offering operational diversity or future expansion potential, highlighting the sector’s steady focus on balancing growth opportunities in emerging markets with reliable investments in established areas.   Property: TCJ Storage Solutions & Commercial Suites Location: St. Cloud, MN Brokers and Brokerage: Tom Flannigan, Alex Ihrke,…

Recent Transactions: 01.07.2025 – 01.13.2025

    Property: Coastal Boat & RV Storage Location: Brunswick, GA Brokerage: Coastal Storage Group, broker affiliate of Argus Self Storage Advisor [Coastal Storage Group rebranded from Weaver Realty in January of 2024 and has been the Argus Self Storage Advisor Affiliate since 1999 covering the state of Florida and now the South Georgia territory.] Acreage: 5.26 acres Unit Count: 115 parking spaces, 16 fully enclosed parking bays, and 2 retail office spaces     Property: Two Self-Storage Facilities Location: Pulaski, WI Asking Price: $4.275 Million Brokerage: Jonathan Glassco and…

Recent Transactions: 12.17.2024 – 01.06.2025

Stay up-to-date on the latest self-storage transactions happening nationwide! If you have a recent transaction to share, let us know—your updates help keep our community informed.   Property: Self Storage MN Location: Elk River, MN Year Built / Expanded: 2021 / 2024 Buyer: Acorn Mini Storage Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan of Argus Self Storage Advisors ( Minnesota, Iowa and North and South Dakota Broker Affiliates) Acreage: 8 acres NRSF: 41,650 Unit Count: 190 drive-up units   Property: Park South Storag Location: Bessemer,…

Recent Transactions: 12.10.2024 – 12.16.2024

Recent self-storage transactions reflect strong investor demand across diverse markets, balancing development opportunities, stabilized assets, and value-add potential. High-growth markets like Sarasota and Fort Lauderdale, Florida, attract Class A developments, while niche assets such as Old South Self Storage on Nantucket Island and suburban facilities like My Garage Storage in Humble, Texas, demonstrate resilience with strong occupancy. Portfolio acquisitions, like the 8-property Memphis deal, highlight demand for regional scale, while secondary markets such as Janesville, Wisconsin, and Columbia, Missouri, offer expansion opportunities. Strategic locations, climate control, vehicle storage, and upgraded…

Recent Transactions: 12.03.2024 – 12.09.2024

Stay up-to-date on the latest self-storage transactions happening nationwide! If you have a recent transaction to share, let us know—your updates help keep our community informed.   Property: Interstate Secure Storage Location: Janesville, WI Address: 3031 E. County Road O, Janesville, Wisconsin Year Built: 2015 Closing Deal: $2.3 Million Buyer: Hastings Property Group LLC Broker and Brokerage: Dan Bowar of Marcus & Millichap (Milwaukee office) NRSF: 44,250 Unit Count: 233 units Highlights: Currently plans to expand Has two additional buildings totaling 25,950 square feet     Property: Lake Wales Storage…

Self-Storage Investment Surge: Key Transactions and Trends from the Second Half of 2024

Overview StorTrack data shows steady activity in the self-storage sector in the second half of 2024, with 110 transactions completed across the United States. To date, multi-operators and REITs (Real Estate Investment Trusts) each represented over 40% of the total transaction volume, with investment activity largely concentrated in the Southeast. Multi-operators were especially active in the Midwest, completing five transactions involving Storage Rentals of America facilities in Michigan and Illinois. Meanwhile, REITs focused their efforts primarily on the Southeast, with Florida standing out as a key market. Transaction Breakdown by…

Recent Transactions: 11.26.2024 – 12.02.2024

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…