The recent acquisitions in the self-storage sector showcase a strategic focus on diverse, high-potential markets, from suburban hubs to niche local areas. Valley Storage’s purchase of Garrett County Self Storage in McHenry, Maryland, capitalizes on its proximity to major attractions like the state’s largest deepwater lake, a county airport, Wisp Ski Resort, and a golf club, targeting a small tourism-driven market with growth potential. Vault Ventures acquired Self-Service Storage in Tallahassee, Florida, targeting stable demand for non-climate-controlled units in a key state capital. Meanwhile, the acquisition of Second Attic Storage by an unnamed buyer in Bessemer, Alabama, highlights investor interest in emerging markets with expansion opportunities.
Property: Garrett County Self Storage
Location: McHenry, MD
Address: 1206 Mosser Road, McHenry, Maryland
Year Built: 1988
Seller: Chris Cynkar
Buyer: Valley Storage Maryland, LLC
Brokers and Brokerage: Jared Houck, Kevin Bledsoe, Matthew Junkin and Brian Hosey of Marcus & Millichap
Square Feet: 49,675
Unit Count: 305 units (including drive-up, climate-controlled, boat and RV storage)
Occupancy: 77%
Property: Sentry Self-Service Storage
Location: Tallahassee, FL
Address: 3116 W. Tharpe Steet, Tallahassee, Florida
Seller: Sentry Self Storage
Buyer: Vault Ventures
Brokers and Brokerage: Jonathan Fawley, Nathan Coe, Gabriel Coe, Brett Hatcher and Ryan Nee of The Hatcher Coe Group of Marcus & Millichap
Acreage: 1.69 acres
NRSF: 24,350
Unit Count: 223 units (non-climate-controlled units)
Property: Second Attic Storage
Location: Bessemer, AL
Address: 1760 4th Ave. SW, Bessemer, Alabama
Brokers and Brokerage: Eddie Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap
Acreage: 3 acres
Unit Count: 302 units
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