Last week’s transactions highlight key trends that continue to support robust investment activity in self-storage. While properties with high occupancy and diverse unit types in established facilities are still in demand, there’s also significant attention to specialized storage solutions, such as RV and boat parking. Value-add facilities requiring enhancements were also a focus for investors. These enhancements aim to modernize properties with features like advanced digital surveillance and upgraded rental offices, all designed to meet evolving customer needs.
Property: Smartlock Self Storage – Temple
Location: Temple, TX
Address: 405 Fryers Creek Circle, Temple, Texas
Brokers and Brokerage: Chad Snyder and Tyler Trahant of The Argus Self Storage Advisors (North Texas Broker Affiliates)
NRSF: 20,875
RV/Boat/Parking space: 7,920 square feet
Portfolio: Bobcat Self Storage (Two-property self-storage facility)
Location: Longmont, CO
Address: 124 Gay Street and 960 Elgin Avenue, Longmont, Colorado
Brokers and Brokerage: Ben Vestal, Cole Carosella, and Matthew Cox of The Argus Self Storage Advisors
NRSF: 11,434
Unit Count: 68 units
Economic Occupancy: 81%
Property: 303 Self Storage
Location: Lakewood, CO
Address: 5885 W Colfax Avenue, Lakewood, Colorado
Brokers and Brokerage: Ben Vestal, Cole Carosella, and Matthew Cox of The Argus Self Storage Advisors
Square Feet: 66,850
Unit Count: 607 units (mix of climate-controlled, drive-up, and interior units)
Unit Occupancy: 85%
Square footage occupancy: 87%
Property: Carraway RV & Boat Storage
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
Property: New Self-Storage Facility
Location: Westerly, Rhode Island
Address: 234 Post Road, Westerly, Rhode Island
Buyer: Compass Self Storage (member of the Amsdell family of companies)
NRSF: 47,700
Parking Space: 27
Highlights:
- Easy access drive-up units
- Climate-controlled units
- Full line of moving and packing supplies
- Physical upgrades to the Rental Office, digital surveillance system
- Offers month-to-month leases
- 24-hour digital surveillance
- Plans to refresh the property with exterior paint
- Individual electronic gate access controls
- This acquisition was completed by separate affiliates of Amsdell Group, LLC and Compass Self Storage, LLC
Property: Right Move Storage (Five metal-framed, single-story buildings)
Location: Houston, TX
Address: 12220 Beechnut Street, Houston, Texas
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-controlled storage units and 25 outdoor parking spaces)
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