The self-storage transactions from October 15-21 highlight diverse market dynamics, with buyers targeting regions offering unique advantages. The deals in Glenmont and Corning, New York reflect demand in smaller, less saturated Northeast markets where stable local needs make properties appealing. In Dallas, Texas, the acquisition of Absolute Self Storage, underscores the city’s growth, driven by a strong economy and expanding population. Meanwhile, the sale of a five-property portfolio in Michigan and Wisconsin totaling 73,358 square feet at $3.9 million highlights the attractiveness of the Midwest, where lower acquisition costs and steady demand create growth opportunities. These deals illustrate the broad-based interest in self-storage across varying market landscapes.
Property: Storage Express
Location: Glenmont, NY
Address: 721 River Rd, Glenmont, NY 12077
Brokers and Brokerage: Frank DeSalvo & David Perlleshi at Franklin Street, in association with Scott Reid & ParaSell, Inc. (P: 949.942.6578 – A Licensed New York Broker #10991231395)
Acreage: 8 acres
NRSF: 32,871
Seller Testimonial: “Frank and David have facilitated transactions for several of our self-storage facilities nationwide. Their extensive industry knowledge, paired with years of expertise, highlights why we continue to choose to work with their team at Franklin Street. Their network of buyers is unparalleled and they consistently deliver unmatched results for their clients.”
Property: All Purpose Storage
Location: Corning, NY
Address: 380 Park Ave, Corning, NY 14830
Brokers and Brokerage: Frank DeSalvo & David Perlleshi at Franklin Street, in association with Scott Reid & ParaSell, Inc. (P: 949.942.6578 – A Licensed New York Broker #10991231395)
NRSF: 39,400
Seller Testimonial: “Frank and David have facilitated transactions for several of our self-storage facilities nationwide. Their extensive industry knowledge, paired with years of expertise, highlights why we continue to choose to work with their team at Franklin Street. Their network of buyers is unparalleled and they consistently deliver unmatched results for their clients.”
Property: Absolute Self Storage
Location: Dallas, TX
Year Built / Renovated: 1979 / 2018
Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 2.57 acres
Square Feet: 34,980
Unit Count: 285 non-climate units plus 52 outdoor parking spots
Highlights:
- Has eight single-story buildings
- Block construction and a mix of concrete and asphalt driveways
- Security lighting
- Perimeter fencing
- A marquee sign
- Video surveillance
- Electronically controlled wrought iron access gate with digital keypad access
- On-site manager’s office
- Video surveillance
- LED security lighting
- Perimeter wrought iron fence
Portfolio: Five-Property Self-Storage Portfolio
Locations: Michigan and Wisconsin
Asking Price: $3.9 Million
Brokers and Brokerage: Jonathan Glassco of NAI Pfefferle
Square Feet: 73,358
Unit Count: 355
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