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.
Property: Grand Storage
Location: Butte, Montana
Year Constructed / Expanded: 2004 / 2023
Brokers and Brokerage: Jordan Farrer (First Vice President of Investments – Salt Lake City office) and Adam Schlosser (Senior Managing Director – Denver office) of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 3.41 acres
Square Feet: 33,980
Unit Count: 266 units
Highlights:
- Grand Storage in Butte represented strong historical occupancy, in-place cash flow, an opportunity to expand, and a stable growing population base
- Electronic gated entry with a digital keypad and automatic gate at the exit
- A manufactured house with an office and one-bedroom apartment
- Metal roll-up doors and security monitoring with 24/7 video surveillance throughout the facility
Property: LS Storage
Location: Albert Lea, Minnesota
Closing Deal: $600,000
Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan of Argus Self Storage Advisors (Minnesota, Iowa and North and South Dakota Broker Affiliates)
NRSF: 11,000
Unit Count: 94 units (including parking spaces)
Highlights:
- A highly occupied self-storage facility
- Offers secure, drive-up storage in well-constructed, all-steel buildings with ample expansion potential
Property: Vallejo Self Storage
Location: Vallejo, CA
Address: 384 Fairground Dr., Vallejo, California
Year Completed: 2025
Seller: a joint venture between Taylor Theus Holdings, LLC, and Iron Point Partners, LLC
Buyer: Harvest Properties, Inc.
Brokers and Brokerage: Brian Somoza (Senior Managing Director) and Taylor Gimian (Director) of The JLL Capital Markets Investment Sales and Advisory team
NRSF: 76,288
Unit Count: 919 climate-controlled units
Vehicles Per Day: 140,000
Highlights:
- Vallejo Self Storage consists of two three-story storage buildings and a two-story building with an on-site office
- Well positioned to capitalize on surrounding demand drivers, including a dense medical region, residential nodes, shopping centers and entertainment parks
- Benefits from a dense population base of more than 116,000 residents within a three-mile radius and is positioned across the street from a major mixed-use development, which will drive additional demand for the facility
Property: Storage Fit
Location: Garland, TX
Address: 3701 Dividend Drive, Garland, Texas
Seller: A West Coast-based 1031 exchange investor
Brokers and Brokerage: Danny Cunningham and Brandon Karr of The Karr-Cunningham Storage Team of Marcus & Millichap
NRSF: 47,539
Unit Count: 140 units
Property: Five Star Store It
Location: Westland, MI
Address: 5235 S. Merriman Road, Westland, Michigan
Buyer: MyPlace Storage
Brokers and Brokerage: Brett Hatcher, Gabriel Coe and Nathan Coe of The Hatcher Coe Group of Marcus & Millichap
Acreage: 22 acres
NRSF: 115,707
Unit Count: 1,103 units (30 climate-controlled units, 774 non-climate-controlled units and 229 parking spaces)
Highlights:
- A retail component on the property will be converted into climate-controlled storage
Property: Muddy Creek Self Storage Facility
Location: King George, VA
Address: 1134 Kings Highway, King George, Virginia
Buyer: Delta Citation (a Richmond-based commercial real estate developer)
Highlights:
- The acquisition team was led by Ray Miller, founding principal of Delta Citation
- The facility has been serving the King George and Stafford communities for more than 30 years, and more recently, the growing residential community of Hopyard Farms
- The expansive facility spans many acres and includes more than nine buildings
- Offers a wide range of unit types and ample capacity for residential and business storage needs
- Offer dedicated Industrial Outdoor Storage, further expanding the facility’s service offerings and meeting the needs of commercial and contractor clientele in the region
- Recent completion of Phase One improvements which included key infrastructure and operational upgrades; Delta Citation is actively preparing to launch Phase Two
- This next phase will focus on enhanced security systems, improved signage, and additional facility upgrades to further modernize the complex and elevate the customer experience
- Will soon unveil a new website, mobile app, and integrated technology platform
Property: Extra Space Storage (Managed) Self-Storage Facility
Location: Carrollton, TX
Address: 2422 Marsh Lane, Carrollton, Texas
Year Built / Expanded: 1996 / 2001
Broker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap
Square Feet: 114,236
Unit Count: 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces
Highlights:
- The facility sits on two adjacent parcels
- Has a leasing office, a two-bedroom manager’s residence
- Gated keypad access, 24-hour video surveillance and perimeter fencing
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