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: Self Storage of Vacaville
Location: Vacaville, California
Year Constructed / Expanded: 2018 / 2019
Seller: The Claremont Companies
Buyer: Westport Properties
Brokerage and Brokers: Dean Trammell, Adam Schlosser, and Tony Solomon (Broker Of Records – Los Angeles offices) of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 5.37 acres
Highlights:
- Electronic gated entry with a digital keypad
- Has a large institutional-style leasing office with retail
- Security monitor display with 24/7 video surveillance throughout the facility
- Includes concrete driveways and metal roll-up doors throughout
Property: Ada Attic Self-Storage
Location: Ada, Michigan
Address: 8220 Fulton St. E., Ada, Michigan
Year Built: 2002
Capitalization Rate: The sale closed at a 6.62%
Buyer: Prestige Storage
Brokers and Brokerage: Eddie Greenhalgh, Lee Thornton and Steve Chaben (Broker of Record – Michigan Office) of Marcus & Millichap
Square Feet: 52,150
Unit Count: 342 units
Occupancy: 96%
Highlights:
- The facility comprises climate-controlled and conventional units
- Includes new shingles, LED lighting and a modern surveillance system
- The average household income within a three-mile radius is more than $210,000
Property: Self-Storage Facility
Location: New York City, NY
Year Constructed: 1915
Address: 139 Franklin St., New York, NY 10013
Closing Deal: $43.5 Million
Seller: The Sofia Family
Buyer: A joint venture between Broad Street Development and TPG Angelo Gordon
Brokers and Brokerage: Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster, Michael Mazzara and Vickram Jambu of JLL
Square Feet: 56,384
Unit Count: 74 units
Highlights:
- This facility is a 10-story building
- Plans to undertake a multifamily conversion
- A construction timeline for the conversion was not announced
Property: The Storage Vault
Location: Bellport, New York
Address: 73 Horseblock Road, Bellport, New York
Year Constructed: 2020
Seller: Storage Vault
Buyer: National Storage Affiliates
Brokers and Brokerage: JLL
Acreage: 5 acres
NRSF: 54,750
Unit Count: 749 units (The property also includes 73 RV, boat and trailer storage spaces and 33 drive-up spaces)
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