Recent self-storage transactions reflect strategic investor moves across core and niche storage segments. Reframe Holdings acquired a portfolio of eight institutional-quality facilities in Dallas, Austin, and Houston, signaling a focus on top-tier markets and operational efficiency through third-party management by Extra Space Storage and CubeSmart. Meanwhile, the sale of a Class A RV and boat storage facility in Magnolia, Texas, and a newly built site in Clarklake, Michigan, point to increasing interest in lifestyle-oriented storage solutions across both suburban and secondary markets.
Property: Right Move Storage
Location: Houston, TX
Year Built: 1985
Brokers and Brokerage: Dave Knobler, Mixson Staffel, Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 2.54 acres
Square Feet: 44,325
Unit Count: 367 units (342 non-climate storage units and 25 outdoor parking spaces along the perimeter of the property)
Highlights:
- The facility comprises five metal-framed single-story buildings
- Roll-up doors
- Concrete driveways
- Perimeter wrought iron fencing
- Full-service on-site manager’s office and residence
Property: Carraway RV & Boat Storage (Class A property)
Location: Magnolia, TX
Seller: M&T Interests LLC
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF: 70,893
Unit Count: 143 units
Portfolio: Steelcreek Portfolio (Eight-Property Institutional Quality Self-Storage Facilities)
Locations: Dallas, Austin, and Houston, TX
Acquisition Loan: $51,317,000
Buyer: Reframe Holdings (Reframe)
Brokers and Brokerage: Anna Siradze, Britt Taylor, Ivan Viramontes, Tom Sherlock, and Lauren Maehler of Talonvest Capital, Inc. (a boutique commercial real estate mortgage brokerage firm)
NRSF (Combined): 620,000
Highlights:
- The facility has covered and uncovered parking spaces, small bay industrial units and inline retail
- Reframe’s business plan for the portfolio post-closing is to rebrand the assets with third-party management provided by Extra Space Storage (6 facilities) and CubeSmart (2 facilities) and to improve the properties through targeted capital expenditures
- Talonvest negotiated the non-recourse, low-interest, floating-rate acquisition loan with a 5-year term from a national bank and successfully delivered maximum flexibility for Reframe
Property: Citizen Self-Storage
Location: Clarklake, MI
Address: 9416 S. Meridian Road, Clarklake, Michigan (along U.S. Route 127)
Year Built: 2023
Brokers and Brokerage: Andreas Makris and Kevin Bledsoe of Marcus & Millichap (King of Prussia office) in collaboration with Ian Grusd, CCIM, SIOR, of Marcus & Millichap’s auction services
Broker of Records: Steve Chaben of Marcus & Millichap (Michigan)
Acreage: 20 acres
NRSF: 106,780
Unit Count: 527 units (381 drive-up units, 88 interior non-climate-controlled units, 58 climate-controlled units and 32 parking spaces)
Vehicles per Day: 18,000
Highlights:
- The site features two commercial warehouses and approximately 3.5 acres of land available for boat and RV storage
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