Recent self-storage transactions highlight varied strategies, from acquisitions in growing markets to developments in under-supplied areas. Operators leverage automation, prime locations, and local demand to drive immediate and long-term growth.
Portfolio: Nine-Property Self-Storage Portfolio
Location: Midland and Odessa, TX
Seller: Extra Space Storage
Buyer: AVAD Capital
Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of Capital Markets Investment Sales and Advisory Team of JLL
NRSF: 782,998
Unit Count: 5,180 units
Highlights:
- The assets are positioned in the Permian Basin, the highest producing oil field in the U.S., generating a thriving and affluent community with outsized self-storage demand
Property: Two Self-Storage Facilities
Location: Salem, OR
Portfolio 1: 350 Glen Creek Road NW, Salem, Oregon
Portfolio 2: 3715 Blossom Drive NE, Salem, Oregon
NRSF: 164,752
Unit Count: 1,150 units
Highlights:
- Spartan plans to invest in upgrades and expand amenities at both locations
- 633-unit facility with 93,252 net rentable square feet at 350 Glen Creek Road NW
- 615-unit property with 71,500 net rentable square feet at 3715 Blossom Drive NE
Portfolio: Self-Storage Property and Two Carwash Facilities (Crystal Clean Car Wash)
Location: San Antonio, TX
Address (Carwash): 8714 Marbach Rd. and 10779 Potranco Rd., San Antonio, Texas
Address (Self-Storage Property): 8708 Marbach Rd., San Antonio, Texas
Brokers and Brokerage: Cayson Fincher, Simon Assad and Ben Tracy of Matthews Real Estate Investment Services
Square Feet (Self Storage): 34,000
Portfolio: Self-Storage and Retail Asset
Location: Escondido, CA
Address: 510 and 520 W. Valley Pkwy., Escondido, California
Closing Deal: $10.5 Million
Buyer: Storm Properties Inc.,
Square Feet (Storage Building): 37,125
Square Feet (Retail Strip): 7,000 plus a 5,900 square-foot pad for future retail
Unit Count: 262 units
Occupancy (Storage): 97%
Occupancy (Retail): 100%
Highlights:
- The retail consists of four in-line suites and a single-tenant retail building
- One of the retail suites serves as the onsite management for the self-storage facility
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