The recent self-storage transactions, ranging from the record-breaking $91 million sale in Cerritos, California, to smaller acquisitions in markets like Tuttle, Oklahoma, and Danville, Arkansas, highlight investors’ focus on a diverse portfolio strategy. High-demand urban centers (e.g., Cerritos, Tacoma) attract investors due to dense populations, strong economies, and limited land supply.
At the same time, suburban and rural markets offer opportunities for market penetration with less competition. Investors are also targeting facilities with high occupancy rates and a mix of unit types, reflecting a strategy to capitalize on steady cash flow potential and the self-storage sector’s adaptability to various market conditions.
Property: Extra Space Storage Cerritos (three-story facility)
Location: Cerritos, CA
Address: 17900 Crusader Ave., Cerritos, California
Year Built: 2020
Closing Deal: $91 Million
Seller: A joint venture between Los Angeles-based self-storage developer Capital 360, LLC and Charlotte-based global investment firm Barings
Buyer: Hines
Brokers and Brokerage: Nick Walker and Trevor Roberts of the Self Storage Advisory Group of CBRE
Acreage: 4.95 acres
Square Feet: 260,273
Unit Count: 2,460 units
Occupancy: 88%
Portfolio: Three-Property Self Storage Portfolio (previously under the Storage Center brand)
Location: Austin, TX / San Antonio and Glendale, AZ
Seller: Brookwood Properties
Buyer: UTEX Storage
Brokers and Brokerage: Jon Danklefs of The Danklefs Group of Marcus & Millichap
Square Feet: 323,000
Unit Count: 3,380 units (3,296 climate-controlled and 84 non-climate-controlled units)
Highlights:
- Gated access
- 24-hour video surveillance
- Full-service manager’s office and showroom
- Loading and unloading areas
Property: 12th Street Storage (Class A Facility)
Location: Tacoma, WA
Address: 1018 S Highland Ave in Tacoma, Washington
Year Developed: 2020/21
Closing Deal: $19 Million
Broker and Brokerage: Cristopher R. Secreto of Marcus & Millichap
Square Feet: 91,546
Property: Self-Storage Facility
Location: New Bedford, MA
Address: 19 Jean St, New Bedford, Massachusetts
Brokers and Brokerage: Bill Sitar, Esq., John Cranley, Andrew Burachinsky, and Monty Spencer of The Storage Acquisition Group (TSAG)
Broker of Record: Demetrius Spaneas with Land and Sea Real Estate Inc
NRSF: 149,936
Unit Count: 1,582 units
Property: Ridgewood Storage
Location: St. Joseph, MN
Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb and Tom Flannigan of Argus Self Storage Advisors
NRSF: 20,200
Unit Count: 130 units
Highlights:
- Built with all-steel Trachte Building System materials
- Provides quality storage options
Property: Greenwater Storage
Location: Minot, ND
Buyer: KO Storage
Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb and Tom Flannigan of Argus Self Storage Advisors
NRSF: 15,000
Unit Count: 68 units
Property: Claremont Self Storage
Location: Claremont, NC
Address: 2991 Centennial Blvd in Claremont, North Carolina
Broker and Brokerage: Hal H. Tanner, III of Midcoast Properties, Inc.
NRSF: 100,600
Unit Count: 822 standard drive-up and climate-controlled units plus 39 outdoor boat and RV parking spaces
Highlights:
- Office with retail supplies
- Website/online bill pay
- Fencing and gated access
- Recorded video surveillance
- Ample lighting
- Wide drive aisles
Property: Premium Storage
Location: Tuttle, OK
Brokers and Brokerage: Bryan Quaschnick, Danny Cunningham and Brandon Karr of The Karr-Cunningham Storage Team of Marcus & Millichap
NRSF: 107,330
Unit Count: 375 units (37 climate-controlled and 334 non-climate-controlled units plus four commercial spaces)
Property: Dan Ark Mini Storage
Location: Danville, AR
Buyer: Danville AR Ozark
Broker and Brokerage: Larry Goldman, CCIM of Goldman Investment Advisors of Argus
______________________________________________________________________________________________________
Do you have a closed/recent transaction to add? Please send us the details at info@listselfstorage.com
