Recent Transactions: 11.05.2024 – 11.11.2024

Recent self-storage transactions highlight strong investor confidence and market diversity. KO Storage’s acquisition in North Texas and Buchanan Street Partners’ redevelopment in California show demand for both modern builds and adaptive reuse in high-density areas. U-Haul’s portfolio buy in Minnesota underscores the appeal of scalable, professionally managed facilities, while the permit-ready RV/boat site in Queen Creek, AZ, reflects growing interest in specialty storage options. Collectively, these transactions demonstrate investor confidence in both traditional and niche self-storage assets, with strong demand driven by factors like flexible management and adaptive development.

Property: North Texas Star Storage
Location: Azle, TX
Address: 7604 Veal Station Road, Azle, Texas
Year Built: 2024
Buyer: KO Storage
Brokers and Brokerage: Brandon Karr and Danny Cunningham of The Karr-Cunningham Storage Team of Marcus & Millichap
Acreage: 4.27 acres
Square Feet: 49,950
Unit Count: 191 units

Property: Self-Storage Development Site
Location: Summerville, SC
Address: 165 Quality Drive, Summerville, South Carolina
Highlights:

Facility includes a range of unit sizes to accommodate various needs
Includes advanced security features to ensure the safety of all stored belongings
Convenient access hours and on-site management for customer support
Construction is slated to begin in November 2024 – with an anticipated opening in December 2025

Property: Self-Storage Facility
Location: Anderson, IN
Broker and Brokerage: Samuel A. Landy of UMH Properties, Inc.
Unit Count: 246 units

Property: Inland Empire Property (for Self-Storage Development)
Location: Upland, CA
Address: 1382 East Foothill Blvd, Upland, California
Closing Deal: $6.25 Million
Buyer: Buchanan Street Partners
Acreage: 2.05 acres
Square Feet: 123,000
Unit Count: 1,180 units
Highlights:

The site is currently occupied by a vacant medical office building
Plans to redevelop the property into a new four-story class A self-storage facility
Construction will begin immediately and is set to be completed by January 2026
California self-storage construction specialist DAI General Contracting is the general contractor
Wintrust Bank is providing construction financing for the project

Sales & Acquisitions - Modern Storage Media
Property: Self-Storage Facility (Extra Space Storage managed)
Location: Denton, TX
Year Built: 1980
Broker and Brokerage: Brandon Karr of Marcus & Millichap
NRSF: 58,225
Unit Count: 493 units (84 interior non-climate-controlled units, 294 drive-up non-climate-controlled units, 13 multi-door interior units plus two multi-door drive-up units)

Portfolio: Five Former KO Storage Facilities
Locations: Brainerd, Baxter, Nisswa and Pillager, MN

U-Haul Storage North Baxter (15237 Edgewood Drive, Brainerd, MN):
- Unit Count: 379 units
- RV storage spaces
- Truck and trailer rentals
- Moving supplies from a retail showroom are also available
U-Haul Storage Baxter South (6897 Foley Road, Baxter, MN):
- 129 units
- Operated remotely
U-Haul Storage of Nisswa (4745 Co Road 77, Nisswa, MN):
- Unit Count: 179 units
- Operated remotely
U-Haul Storage of MN-210 at 3118 MN-210 in Pillager, MN):
- Unit Count: 51units
- Operated remotely
U-Haul Storage of Pillager (1768 Alfalfa Trail SW, Pillager, MN):
- Unit Count: 52 units
- Operated remotely
The Brainerd, Baxter, Nisswa, Pillager Alfalfa Trail, and Pillager MN-210 facilities are run remotely and rent storage 24/7

Nunez facilitates sale of self-storage site
Property: Permit-Ready RV/boat and Self-Storage Site
Location: Queen Creek, AZ
Address: 19208 S. 196th Street, Queen Creek, Arizona
Closing Deal: $4.35 Million
Brokers and Brokerage: Denise Nunez and Andrew Agresta of NAI Horizon
Acreage: 9.73 acres
NRSF: 149,115
Unit Count: 595 units (214 climate-controlled units, 71 drive-up units, 49 fully enclosed RV parking spaces, 206 covered RV parking spaces plus 55 open parking spaces)
Highlights: