Recent self-storage transactions show continued investor interest in the sector, with activity spanning a variety of markets and asset types. Deals include stabilized properties, development sites, and portfolio acquisitions, reflecting strategies to expand market presence, increase operational scale, and position for long-term growth. Demand remains steady, supported by consistent occupancy levels and opportunities to enhance revenue through improved management and pricing strategies.
Property: Pioneer Storage
Location: Mesquite, Nevada
Year Constructed: 2015
Seller: TK Storage (Tyler Kohler)
Brokers and Brokerage: Jordan Farrer of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 2.86 acres
Square Feet: 52,195
Unit Count: 285 units (161 drive-up units)
Highlights:
- Contains eight single-story self-storage buildings
- Gated entry with a digital keypad
- Separate onsite management office in front of the entrance gate
- 24/7 video surveillance throughout the facility
- Concrete driveways
- Units with roll-up doors
Property: Parkway Mini Storage
Location: Ardmore, Oklahoma
Address: 1841 Sam Noble Parkway, Ardmore, Oklahoma
Brokers and Brokerage: Jared Jones, CCIM of Jones Investment Real Estate, LLC – broker affiliate of Argus Self Storage Advisors
Acreage: 9.2 acres
NRSF: 80,000
Unit Count: 539 units
Highlights:
- Excess land providing potential for future expansion
- The property features vehicle and boat parking, enhancing its appeal to a diverse tenant base
Property: Self-Storage Facility (drive-in, climate-controlled)
Location: St. Paul, Minnesota
Address: 875 Montreal Way, St. Paul, Minnesota
Year Developed: 2020
Debt Financing: Highland Bank of St. Paul
Mortgage Broker: Talonvest Capital, Inc.
Buyer: Banner Real Estate Group in partnership with RGA ReCap Inc. (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Inc.
Acreage: 8.3 acres
Square Feet: 88,514
Multifamily Units (3-mile radius): 14,300
Highlights:
- Redeveloped from a warehouse and office space into Class A self-storage
- The property offers significant value-add potential through lease-up and rate growth upside
- 14%+ increase in supply under construction or in the pipeline, and over 55,000 households
Property: Self-Storage Facility (CubeSmart Operated)
Location: Mount Kisco, New York
Address: 140 Radio Circle Drive, Mount Kisco, New York
Year Completed: 2024
Seller: DHIP Group
Buyer: An affiliate of Andover Properties
Broker and Brokerage: Guthrie Garvin of JLL
NRSF: 64,130
Unit Count: 598 units (92% climate-controlled units)
Occupancy: 57%
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