Recent self-storage transactions reveal a clear investor focus on operational efficiency, stabilized cash flow, and long-term growth potential. Buyers are targeting a mix of fully leased portfolios and newer facilities with room to scale, favoring deals that offer immediate performance or value-add upside. Notable examples include a six-property portfolio in Oklahoma, an Extra Space-managed portfolio in Nevada, and a newly built Idaho facility with covered RV and boat storage. These deals highlight continued confidence in self-storage fundamentals, particularly in secondary and growing suburban markets.
Property: Tri City Storage (newly built self-storage and RV storage)
Location: Paul, ID
Address: 475 West 100 South in Paul, Idaho
Closing Deal: $1,175,000
Year Built: 2022–2023
Broker and Brokerage: Ryan Layton of American Real Estate Associates, in partnership with Argus Self Storage Advisors
Acreage: 5.5 acres
NRSF: 73,080 (including 17,000 square feet of enclosed self-storage and over 56,000 square feet of covered RV and boat parking)
Unit Count: 186 units plus an additional 87 uncovered vehicle parking spaces
Occupancy: 56%
Highlights:
- The property is fully fenced
- Equipped with modern security features
- Online rental software and established website presence
Portfolio: Mesquite Self Storage Portfolio
Location: Mesquite, NV
Address: 675 Mayan Circle, 760 Bowler Drive, and 30 Riverside Road
Brokers and Brokerage: Jeff Gorden and Donnie Dodson of The Gorden Group (affiliates of Argus Self Storage Advisors)
Vehicles Per Day: 27,000
Highlights:
- The portfolio consists of three institutional-quality self-storage facilities
- Previously managed by Extra Space Storage, the portfolio featured strong physical and economic occupancy
- Minimal day-to-day oversight required
- Provides immediate cash flow and operational efficiency for the buyer
Property: K&K Rent-A-Space
Location: Prairie City, IA
Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan of Argus Self Storage Advisors [South Dakota Broker Affiliates]
NRSF: 16,550
Occupancy: 95%
Highlights:
- All-steel, drive-up units
- Room for additional development
- Offers immediate potential for scale and increased returns
Property: 529 Self Storage
Location: Wenatchee, WA
Closing Deal: $4,900,000
Seller: CABO Ventures, LLC
Buyer: Apple City Storage LLC
Brokers and Brokerage: Ryan Layton and Greg Meager of American Real Estate Associates, Inc. [Washington Broker Affiliates for Argus Self Storage Advisors]
Square Feet: 53,217
Unit Count: 236
Highlights:
- 4-story storage facility
- Offers 7 retail bays and 2 vacant floors for future expansion
- A 5.83% acquisition cap rate with the seller providing financing
Property: Extra Space (Managed) of West Haven
Location: West Haven, UT
Year Built: 2020
Buyer: ACD
Brokers and Brokerage: Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 2.61
Square Feet: 46,700
Unit Count: 250 drive-up units and 176 climate-controlled units
Highlights:
- ACD will assume management of the facility under its in-house banner, BriteLock Storage
- Contains nine single-story self-storage buildings
- Gated entry with a digital keypad
- Separate onsite management office in front of the entrance gate
- 24/7 video surveillance throughout the facility
- Asphalt driveways
- Units with roll-up doors
Portfolio: Durant Six Property Portfolio [six-property self-storage portfolio]
Location: Durant and Cartwright, OK
Address: 2502 N 1st Ave, 4415 W Main St, 3717 N 1st Ave, 3702 N 1st Avenue, and 200 Gerlach Dr in Durant, and 394 Boat Club Rd in Cartwright
Brokers and Brokerage: Dave Knobler, Mixson Staffel and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
Broker of Records: Tim Speck (Southwest, Northwest & Mountain Divisions)
NRSF (combined): 224,359
Unit Count (combined): 1,195 units
Portfolio: Two self-storage facilities
Location: Lincoln, NE
Address: 1909 N. 1st St. and 700 N. Cotner Blvd.
Year Built: 2001 and 2012, respectively
Buyer: Spartan Investment Group
NRSF: 78,402
Unit Count: 665 units
Highlights:
- Spartan will invest $250,000 in upgrades and expand amenities at both locations to improve curb appeal and modernize security
- 386-unit facility at 1909 N. 1st St.
- 279-unit asset at 700 N. Cotner Blvd.
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