Recent Transactions: 10.22.2024 – 10.28.2024

The recent self-storage transactions across Carbondale, Illinois and Texas markets (Georgetown, Denton, and Conroe) highlight a trend toward acquiring established facilities in rapidly growing areas. Texas, in particular, shows strong investor interest, likely due to its population growth and economic expansion, which bolster demand for self-storage. The properties’ varied features—ranging from climate control and drive-up units to advanced security measures—demonstrate a competitive focus on diverse customer needs and facility functionality, reflecting an emphasis on enhancing service offerings in high-demand markets.

Portfolio: Four-Property Self Storage Portfolio
Location: Carbondale, IL
Brokers and Brokerage: Marla Čolić and Steven Weinstock of Marcus & Millichap
Acreage: 10.21 acres
NRSF: 98,363
Unit Count: 890 units (834 non-climate-controlled and 56 climate-controlled units)
Portfolio Addresses:

710 E. Main Street
1535 N. Reed Station Road
707 E. College Street
1295 Harmony Lane

Property: Georgetown Mini Storage
Location: Georgetown, TX
Address: 2220 N. Austin Ave., Georgetown, Texas
Year Built: 1983
Buyer: Merit Hill Capital
Brokers and Brokerage: Jon Danklefs and Douglas Diffie of Marcus & Millichap
Square Feet: 26,400
Unit Count: 144 non-climate-controlled units

Property: Extra Space Storage
Location: Denton, TX
Address: 816 Frame St., Denton, Texas
Year Built: 1986
Broker and Brokerage: Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap
Acreage: 2.89 acres
NRSF: 58,225
Unit Count: 493 units ((184 interior non-climate-controlled units, 294 drive-up non-climate-controlled units, 13 multi-door interior units, and 2 multi-door drive-up units)
Highlights: