The self-storage transactions from April 15-21, 2025, reflect a mix of investment strategies shaped by regional growth and evolving consumer needs. From high-demand suburban hubs like Westland, MI and Carrollton, TX, to emerging secondary markets like Clovis, NM, buyers pursued assets offering a balance of scale, expansion potential, and revenue upside through operational efficiencies. Some acquisitions aimed to strengthen local market presence, while others focused on facilities with diversified unit mixes and long-term growth potential. Collectively, the deals highlight sustained investor interest in well-positioned, adaptable assets across both established and developing markets.
Property: Lake Fenton Self Storage
Location: Fenton, MI
Buyer: Pogoda Companies
Square Feet: 97,200
Unit Count: 700 units (mix of drive-up storage units and RV/Boat parking spaces)
Highlights:
- This facility is Pogoda’s sixth property in Genesee County
- Offers 24-hour digital surveillance
Property: Five Star Store It
Location: Westland, MI
Address: 5235 S. Merriman Road, Westland, Michigan
Buyer: MyPlace Storage
Brokers and Brokerage: Brett Hatcher (Executive Managing Director, Investments), Gabriel Coe & Nathan Coe (Investment Specialists) and Steve Chaben (broker of record in Michigan) of the Hatcher Coe Group of Marcus & Millichap (Columbus office)
Acreage: 22 acres
NRSF: 115,707
Unit count: 1,103 units (30 climate-controlled units, 774 non-climate-controlled units and 229 parking spaces)
Portfolio: Two-Property Self-Storage Portfolio
Location: Clovis, NM
Address 1: 3400 W. 7th Street, Clovis, New Mexico
Address 2: 5126 N. Prince Street, Clovis, New Mexico
Brokers and Brokerage: Nathan Coe (Senior Managing Director, Investments), Gabriel Coe & Brett Hatcher (Investment Specialists) and Ryan Sarbinoff (New Mexico broker of record) of the Hatcher Coe Group of Marcus & Millichap (Columbus office)
Acreage (Combined): 3.24 acres
NRSF: 53,880
Unit Count (Combined): 292 units (262 non-climate-controlled units, 29 fully enclosed RV and boat units, and one office)
Highlights:
- The portfolio includes two self-storage facilities
- The facilities feature strong street frontage and benefit from a growing surrounding population
Property: Self-Storage Facility (Extra Space Storage managed)
Location: Carrollton, TX
Year Built / Expanded: 1996 / 2001
Broker and Brokerage: Brandon Karr of Marcus & Millichap
NRSF: 114,236
Unit Count: 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces
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