Recent self-storage transaction activity highlights a sector navigating consolidation and strategic expansion. Investments targeted high-barrier urban markets such as New York City and Fremont, alongside high-growth secondary and Sunbelt regions including Georgia, Kentucky, Arizona, and Florida. Several deals involved development-ready sites, platform acquisitions, or portfolio roll-ups reflecting a focus on operational scale and geographic reach. Institutional players and REITs remained highly active, signaling continued confidence in self-storage as a resilient, income-generating asset now firmly positioned within core real estate strategies.
Property: All Purpose Storage – Ft Myers
Location: Fort Myers, FL
Address: 3422 Palm Ave, Fort Myers, FL
Year Built: 1981
Brokers and Brokerage: Frank Desalvo and David Perlleshi of Franklin Street
NRSF: 32,000
Acreage: 2.74 acres
Number of Buildings: 7
Number of Units: 160 units
Property: Stadium Self Storage
Location: Milwaukee, Wisconsin
Year Built / Converted to Self-Storage: 1942 / 2013
Buyer: Reframe Holdings (Boca Raton, FL)
Brokers and Brokerage: Adam Schlosser, Charles “Chico” LeClaire and Todd Lindblom (broker of record) of The LeClaire-Schlosser Group of Marcus & Millichap
Square Feet: 110,652
Unit Count: 898 units
Highlights:
- The main building is a two-story, climate-controlled structure with a basement
- In addition, there are four single-story drive-up all-metal buildings and an outdoor surface parking area for vehicles
- The facility includes two large covered loading bays and a large institutional-grade leasing office with security monitors and retail displays
- There are paved driveways throughout as well as elevated backlit signage visible with excellent visibility from Burnam Street
- Secured via multiple cameras, perimeter fencing, LED lighting and has digital gate access at the primary ingress to the property and building entryways
Property: Extra Space (Managed)
Location: Fremont, California
Year Constructed / Expanded: 1984 / 2002
Seller: Braintree Group
Buyer: SecureSpace Self Storage
Brokers and Brokerage: Dean Trammell, Adam Schlosser and Tony Solomon (broker of record) of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 2.23 acres
Square Feet: 58,713
Unit Count: 650 units
Highlights:
- Contains five two-story self-storage buildings and five single-story self-storage buildings
- Features a stucco exterior with a mix of metal roll-up and swing doors
- Electronic gated entry with a digital keypad
- A spacious leasing office with retail and a security monitor display
- 24/7 video surveillance
- Concrete driveways and two lifts providing access to upper-level units
- The roof was replaced in 2023 and comes with a 20-year warranty
- Additionally, a cell tower on the property generates supplemental income
Property: Self-Storage Development Site
Location: Wells, ME
Address: 71 Spencer Drive, Wells, Maine
Seller: Patco Construction
Buyer: Partnership between Brady Sullivan Properties and True Storage
Brokers and Brokerage: Nathan Coe, Gabriel Coe, Brett Hatcher and Luke Dawley of The Hatcher Coe Group of Marcus & Millichap
NRSF: approved for a 70,000 square-foot (net rentable) facility
Property: The Storage Vault (Class A Self-Storage Facility)
Location: Bellport, NY
Address: 73 Horseblock Rd., Bellport, New York
Year Completed: 2020
Seller: Storage Vault
Buyer: National Storage Affiliates
Brokers and Brokerage: JLL Capital Markets
Acreage: 4.99 acres
Square Feet: 54,750
Unit Count: 749 units
Sq Ft per Capita (five-mile radius): 4.43 square feet of self-storage per person
Average Household Income (three-mile radius): $137,000
Frontage: Horseblock Road, a major three-lane highway
Vehicles Per Day (VPD): 14,000
Highlights:
- Has 73 parking spaces for tenants to store an assortment of vehicles, including RVs, boats and trailers, in a safe and secure place
- The three-story facility is 90% climate-controlled with 33 large drive-up units that provide exceptional convenience
Property: 10-story Self-Storage Facility
Location: New York, NY
Address: 139 Franklin St., New York, NY
Closing Deal: $43.5 Million
Year Built: 1915
Seller: The Sofia family
Buyer: A joint venture of 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 Capital Markets
Square Feet: 56,384
Unit Count: 74 units
Highlights:
- The building benefits from the presence of full light and air on both the north and south-facing sides of the building
- The top three floors also offer abundant light and present an ideal opportunity for luxurious penthouse apartments
Property: Boardwalk Storage – Knox Bridge
Location: Cherokee County, GA
Address: 8892 Knox Bridge Highway, Canton, Georgia
Buyer: Boardwalk Development Group (BDG)
Square Feet: 115,588
Highlights:
- Class A Multi-Story, Climate-Controlled Self-Storage Facility
- Features an open box roof design
- The facility offers convenience and multi-floor access for a better storage experience
- Provides a secure, high-quality storage experience for residents and businesses in the area
Property: Boardwalk Storage – Louisville Road
Location: Bowling Green, KY
Address: 201 Scottys Way, Bowling Green, Kentucky
Buyer: Boardwalk Development Group
Highlights:
- Strategically positioned in the thriving Bowling Green market, offering convenient access for both residential and commercial customers
- Modern amenities, a secure environment, and a prime location, catering to the growing demand for reliable self-storage options in the area
- With this acquisition, Boardwalk Storage now owns and operates self-storage facilities across five (5) states in the southeast: KY, TN, AL, GA & SC
Portfolio: Freedom Storage Portfolio
Location: Arbor Vitae, St. Germain and Eagle River, WI
Address 1: 11019 Highway 70, Arbor Vitae, Wisconsin
Address 2:5881 Highway 70, St. Germain, Wisconsin
Address 3:1878 Collins Court, Eagle River, Wisconsin
Brokers and Brokerage: Scott Rihm and Jesse Luke of EquiCap Commercial, together with Jonathan Glassco of NAI Pfefferle
NRSF: 44,300 (12 buildings)
Unit Count: 215 drive‑up units
Portfolio: St. Germain Storage Portfolio
Location: St. Germain, WI
Address 1: 6147 WI-70, St. Germain, Wisconsin
Address 2: 7466 WI-70, St. Germain, Wisconsin
Brokers and Brokerage: Scott Rihm of EquiCap Commercial and Jonathan Glassco of NAI Pfefferle
NRSF: 41,005
Unit Count: 169 units (across 9 buildings)
Property: Self-Storage Development Site
Location: Lancaster, TX
Address: 1032 Cedar Valley Drive, Lancaster, Texas
Seller: HSM Equity Partners
Buyer: SAFStor Inc.
Brokers and Brokerage: Huntley Luna and Nick Robinson of Henry S. Miller Brokerage (HSM) – internally represented the seller
Acreage: 3.4 acres
Highlights:
- Buyer plans to develop a four-story, climate-controlled facility
Property: BlueGate El Mirage (formerly known as Coyote Pass RV & Mini Storage)
Location: El Mirage, AZ
Address: 9355 North El Mirage Road, El Mirage, Arizona
Buyer: BlueGate Boat & RV Storage as part of its $250 million joint venture with GEM Realty Capital
Square Feet: 339,766
Unit count: 1,004 units (mix of covered, uncovered and indoor parking options) with 24,850 square feet of traditional self-storage space
Highlights:
- This is the first strategic investment by BlueGate through its national partnership with GEM
- BlueGate currently owns and operates 14 storage facilities and two marinas across six states, with two more facilities under construction and openings slated for Tennessee and Florida later this summer
- Features on-site amenities such as a wash station, dump station, air stations and full video surveillance
- Plans to invest significantly in the property to enhance operational efficiency and customer experience
- Automating the leasing office with keypad entry systems
- Implementing remote management technology, upgrading lighting and surveillance and rebranding the facility to reflect BlueGate’s institutional standards
Portfolio: Three Self-Storage Facilities
Location New York City, NY
Address 1: 475 Amsterdam Avenue (Upper West Side), New York City, NY
Address 2: 491 Bergen Street (Prospect Heights), New York City, NY
Address 3: 4396 Broadway (Washington Heights), New York City, NY
Buyer: Storage Post Self Storage
Broker and Brokerage: Brendan Maddigan of the Investment and Debt Advisory Teams of JLL
Highlights:
- Storage Post collaborated with JLL’s (JLL, Financial) Investment Sales and Debt Advisory Teams, among other partners, to facilitate this transaction
- The newly acquired properties are strategically located in high-demand areas, enhancing Storage Post’s customer base
- State-of-the-art facilities and a customer-first approach will be further enhanced
- Features climate-controlled units
- 24/7 video surveillance
- Digital security systems
Property: Self-storage Facility (formerly operated by Extra Space Storage)
Location: Denham Springs, LA
Address: South Range Road Avenue, Denham Springs, Louisiana
Acreage: 4 acres
Closing Deal: $5.2 Million (through Delaware-registered PS Gulf Coast LLC)
Seller: MHC 134 Denham Springs LLC (a partnership between New York-based Centerbridge Partners and Merit Hill Capital)
Buyer: Public Storage Operating Company
Unit Count: 459 units
Highlights:
- The facility was part of a national portfolio once managed by CubeSmart and Extra Space
- Merit Hill Capital acquired the Denham Springs site in 2022 as part of a 33-property purchase
- According to the sales documents filed, the Public Storage Operating Company board of trustees in October approved the acquisition of the Merit Hill portfolio of self-storage facilities for a purchase price up to $1.35 billion
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