The seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center’s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.
Portfolio: The Storage Center (three-property)
Locations: Austin and San Antonio, TX and Glendale, AZ
Year Built: From 2020 to 2023
Seller: Brookwood Properties
Buyer: UTEX Storage Partners
Brokers and Brokerage: Jon Danklefs and Ryan Sarbinoff of Marcus & Millichap
Square Feet: 322,775
Unit Count: 3,380 units (3,296 climate-controlled and 84 non-climate-controlled units)
Property: Space Squared Self Storage (Class A Property)
Location: Grand Rapids, MI
Address: 949 4 Mile Road NW, Grand Rapids, Michigan
Year Built / Renovated: 1995 / 2022
Brokers and Brokerage: Jonathan Fawley, Nathan Coe, Gabriel Coe, Brett Hatcher and Steve Chaben of The Hatcher Coe Group of Marcus & Millichap
NRSF: 41,925
Unit Count: 317 units (194 climate-controlled and 123 non-climate-controlled units)
Portfolio: Davie RV Storage ( newly built three-property portfolio)
Location: Winston-Salem, NC
Address: Highway 158, Winston-Salem, North Carolina
Buyer: BlueGate Boat and RV Storage (an affiliated company of Madison Capital Group)
Acreage: 7.51 acres
Unit Count: 281 parking spaces (159 covered)
Occupancy: 88%
Vehicles Per Day: 12,500
Property: All Star Storage
Location: New Hartford, CT
Year Built / Renovated: 2016 / 2023
Brokers and Brokerage: Nathan Coe, Gabriel Coe, Brett Hatcher and John Krueger of The Hatcher Coe Group of Marcus & Millichap along with Patrick Lemp of Ascendant Valuation Advisors
Acreage: 8.9 acres
Unit Count: 350 units (mix of climate- and non-climate-controlled units)
Property: Self-Storage Property
Location: Conyers, GA
Address: 4489 McDonough Highway, Conyers, Georgia
Seller: True Self Storage
Brokers and Brokerage: Bill Sitar (Jr. Esq.), John Cranley, Andrew Burachinsky and Monty Spencer of The Storage Acquisition Group (TSAG)
NRSF: 76,125
Unit Count: 911 units
Property: Self-Storage Property
Location: Conyers, GA
Address: 4489 McDonough Highway, Conyers, Georgia
Seller: True Self Storage
Brokers and Brokerage: Bill Sitar (Jr. Esq.), John Cranley, Andrew Burachinsky and Monty Spencer of The Storage Acquisition Group (TSAG)
NRSF: 76,125
Unit Count: 911 units
Property: Self-Storage Property
Location: Round Rock, TX
Address: 506 McNeil Road, Round Rock, Texas
Year Built: 1980
Brokers and Brokerage: Austin McLeod of Matthews Real Estate Investment Services
NRSF: 28,450
Unit Count: 270 units
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