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.
Property: Self-Storage Facility
Location: Robertsdale, AL
Address: 192 Wren Lane South, Robertsdale, Alabama
Brokers and Brokerage: Bill Barnhill, CCIM, Stuart P. LaGroue, Sr. and Sharon Wright, CCIM of Omega Properties, Inc., affiliates for Argus Self Storage Advisors
Acreage: 0.55 acre
NRSF: 4,262
Unit Count: 50 units
Facility Frontage: U.S. Highway 90
Property: Fully Leased Industrial Outdoor Storage and Equipment Rental Yard Property
Location: Baytown, TX
Address: 12825 Upland Way, Baytown, Texas
Year Built: 2021
Finance by: Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap
Brokers and Brokerage: Peter Bauman and Tivon Moffitt of Marcus & Millichap(Phoenix office); Geaneotes and Derrick Dougherty procured the buyer; Tim Speck is Marcus & Millichap’s broker of record in Texas; Fillipo, based in MMCC’s Manhattan office, secured financing on behalf of the buyer with a national credit union
Square Feet: 20,042
Highlights:
- Terms of the10-year loan include a 6.3% interest rate with 30-years amortization and a 70% loan-to-value
- The property is under a long-term lease with approximately 12 years remaining
- The tenant, EquipmentShare, is a nationwide construction solutions provider focused on solving industry challenges through smart jobsite technology, equipment rental, retail and service centers
Property: MasterLock Storage facility
Location: Warwick, RI
Closing Deal: $1.075 Million
Address: 111 Meadow Street, Warwick, Rhode Island
Buyer: All Purpose Storage (Sam Lyman of RE Trade represented All Purpose Storage in the deal)
Broker and Brokerage: Dan Waldman of Waldman Commercial Real Estate
Property: Self-Storage Facility
Location: Bailey, CO
Address: 63716 US Highway 285, Bailey, Colorado
Closing Deal: $1.3 Million ($80.02 per square foot)
Brokers and Brokerage: Ryan Floyd of Kaufman Hagan Commercial Real Estate
Acreage: 2 acres
Unit Count: 123 units
Property: Self-Storage Facility (rebranded as Blackwater Self-Storage)
Location: Franklin, VA
Address: 115 Bogart Street, Franklin, Virginia
Buyer: Delta Citation
Highlights:
- Delta Citation is planning a series of key improvements to modernize the facility
- These upgrades, currently in the planning phase, are set to begin soon and will include:
- Enhanced security measures for improved tenant safety
- Upgraded lighting for better visibility and security
- New signage and fresh exterior paint for a modernized look
- Climate-controlled storage options to better serve tenant needs
Portfolio: Self-Storage Portfolio
Locations: Bixby and Catoosa, OK
Broker and Brokerage: Jared Jones, CCIM of Jones Investment Real Estate, LLC, an Argus Self Storage Advisors affiliate for Oklahoma
NRSF: 66,495
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