Recent self-storage transactions reflect a mix of strategic activity across development, value-add, and stabilized asset opportunities. Transactions included Class A developments, fully entitled sites in growth markets, and acquisitions in high-density areas with limited supply, such as New Jersey. Value-add deals also stood out, with facilities offering operational diversity or future expansion potential, highlighting the sector’s steady focus on balancing growth opportunities in emerging markets with reliable investments in established areas.
Property: TCJ Storage Solutions & Commercial Suites
Location: St. Cloud, MN
Brokers and Brokerage: Tom Flannigan, Alex Ihrke, Matt Haugen, and Nathan Gottlieb of Argus Self Storage Advisors (broker affiliates for Minnesota, Iowa and North and South Dakota location)
Acreage: 10 acres
Highlights:
- This versatile facility offers a mix of self-storage units, business suites, and outdoor storage options
- Caters to the diverse needs of both personal and commercial clients in the area
- The facility also presents significant opportunities for future expansion
Property: Yellow Door Storage – Northgate (Class A facility)
Location: Denton, TX
Address: 3020 E Sherman Dr., Denton, Texas
Year Completed: 2022
Seller: NorthBridge Realty Holdings
Buyer: Extra Space
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets
Square Feet: 65,600
Unit Count: 520 units
Occupancy: 55.8%
Note by Steve Mellon, JLL Managing Director: “We had quite a bit of interest in the Yellow Door offering given its location in the rapidly growing, tax-friendly Denton market, as well as due to the resiliency of the self-storage asset class overall,”
Highlights:
- Features ground floor climate-controlled units
- Drive-up units
- 24-hour video surveillance
- On-site office
- The population within a one-mile radius of the facility has grown over 7.5% in the last two years
Property: Self-Storage Development Site
Location: Port Saint Lucie, FL
Address: 792 SW Dwyer Ave, Port Saint Lucie, Florida
Brokers and Brokerage: Josh Koerner of Coastal Storage Group, an affiliate of Argus Self Storage Advisor (covering the state of Florida and now the South Georgia territory)
Acreage: +/- 1.10 acres
Square Feet: 57,187
Highlights:
- Fully entitled for a 3-story building
- Class A climate-controlled self-storage building
Property: Baumgartner Road Storage
Location: St. Louis, MO
Address: 4888 New Baumgartner Road, St. Louis, Missouri
Year Built / Expanded: 1971 / 2020
Broker and Brokerage: Marla Čolić of Marcus & Millichap
Finance by: Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap
Acreage: 6.6 acres
NRSF: 21,275
Unit Count: 287 units
Highlights:
- Doug Brooks of MMCC’s Columbus office secured a 5-year non-recourse loan with full-term interest only
- Property offers a mix of RV parking, climate-controlled, non-climate-controlled and commercial units
Property: Lock Around the Clock
Location: New Windsor, NY
Address: 8 Sloop Hill Road, New Windsor, New York
Year Built: 2002
Seller: Sloop Hill Associates LLC
Brokers and Brokerage: Luke Dawley, Gabriel Coe, Nathan Coe, Brett Hatcher and John Horowitz of The Hatcher Coe Group of Marcus & Millichap
Acreage: 3.3 acres
NRSF: 32,725
Unit Count: 373 units (126 climate-controlled units, 213 non-climate-controlled units, 31 outdoor parking spaces, two apartments, and one garage)
Portfolio: Two-Property Portfolio (CubeSmart Self Storage managed)
Locations: Clifton, NJ and Hillside, NJ
Year Completed: 2021
Buyer: SmartStop Self Storage REIT
Former Owner: RXR Realty bought the self storage facilities from Quinlan Development Group
NRSF (Combined): 227,700
NRSF (Clifton): 116,100
NRSF (Hillside): 111,600
VPD (Clifton Facility): 158,800 vehicles
VPD (Hillside Facility): 202,281 vehicles
Highlights:
- The three-story property in Clifton is at 1204 Broad Street
- Offers climate-controlled units ranging in size from 20 to 272 square feet
- The facility is one of 14 on a 3-mile radius, offering residents some 4.6 rentable square feet per capita
- The six-story building in Hillside is at 591 N. Union Ave., near Garden State Highway
- The facility offers non-climate-controlled drive-up units and interior climate-controlled ones
- Unit sizes vary between 25 and 350 square feet
- There are 15 other self storage facilities within a 3-mile radius, offering residents 3.8 rentable square feet per capita
Portfolio: Barnes Storage (four-property portfolio)
Location: Carrollton, GA
Address: 3015 Hwy 61, 3439 and 3549 Carrollton Villa Rica Hwy and 2537 Hwy 166 in Carrollton, Georgia
Broker and Brokerage: J. Kris Knowles of Midcoast Properties, Inc.
NRSF (Combined): +/- 78,274
Unit Count (Combined): 433 standard drive-up units, climate-controlled units, parking and a warehouse
Occupancy: 100%
Highlights:
- Ample exterior lighting
- Concrete side-walks
- Signage and fencing
Portfolio: Guardian Storage (Two-Property Portfolio)
Locations: Superior, Colorado and Greeley, CO
Address: 1555 South 76th Street, Superior, Colorado and 2600 36th Avenue, Greeley, Colorado
NRSF (Superior Facility): 79,000
NRSF (Greeley Facility): 76,000
Unit Count (Superior): 640 units (including climate controlled, drive up and interior non climate controlled self storage space)
Unit Count (Greeley): 570 units (including climate controlled and drive-up self storage space)
Highlights:
- Eric Snyder, Tom Sherlock, Kim Bishop, Mason Brusseau, and Lauren Maehler of Talonvest Capital, Inc helped the closings for Guardian Storage
- $13,200,000 non-recourse permanent loan for a Class A self storage property in Superior
- $8,400,000 non-recourse refinance loan features a 5-year loan, full-term interest only payments, and an attractive fixed interest rate for Greeley property
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