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: America Stores It
Location: Liverpool, New York
Address: 8372 Oswego Rd., Liverpool, New York
Year Built: 2023
Brokers and Brokerage: Nathan Coe, Gabriel Coe, Brett Hatcher and John Horowitz (Broker of Record) of The Hatcher Coe Group of Marcus & Millichap
Acreage: 5.62 acres
NRSF: 47,700
Unit Count: 407 units (31 climate-controlled units and 376 non-climate-controlled units)
Property: Space Place Storage
Location: Angleton, TX
Brokerage: Skyview Advisors
Acreage: 4.29 acres
NRSF: 47,459
Unit Count: 403 units (offers a diverse mix of climate-controlled units, drive-up storage, and covered, enclosed, and uncovered parking spaces)
Physical Occupancy: 75% (as of June 30, 2024 – both by area and units)
Economic Occupancy: 70% (as of June 30, 2024 – both by area and units)
Highlights:
- Investors can unlock additional value by implementing professional third-party management, an institutional operating platform, and ancillary revenue streams such as truck rentals and tenant insurance programs
- The property has state-of-the-art surveillance cameras and gated access providing security for tenants
Property: Century Self Storage
Location: Lodi, California
Year Constructed / Expanded: 1998 / 2002
Seller: GFLIP IV, L.P, managed by Geweke Asset Management (subsidiary of Geweke Real Estate)
Brokers and Brokerage: Dean Trammell, Adam Schlosser and Tony Solomon (broker of record) of The LeClaire-Schlosser Group of Marcus & Millichap
Acreage: 4.66 acres
Square Feet: 67,770
Unit Count: 297 drive-up units
Highlights:
- The facility contains 15 single-story self-storage buildings
- Electronic gated entry with a digital keypad
- Large institutional style leasing office with retail and security monitor display
- 24/7 video surveillance throughout the facility
- Concrete driveways
- Metal roll-up doors throughout
- The site also includes a 1,266 square foot apartment
Property: Extra Space Storage Tamarac (four-story property)
Location: Tamarac, Florida
Year Expanded: 2022
Buyer: DWS Group GmbH & Co.
Square Feet: 65,193
Highlights:
- The facility experienced rapid lease-up, highlighting the strong demand in the market
- Features 24/7 controlled access
- Two convenient entry points
- Fully covered loading bays and two elevators
- Enhanced security, and on-site management
Property: Self Storage Development Site
Location: Crest Hill, Illinois
Buyer: Hearthfire Holdings with a joint venture with Condev Land and Development Group
Vehicles Per Day: 10,000+
Highlights:
- The project is financed by Midland States Bank
- The property is fully entitled, which means construction can start right away
- This is the fourth project in the Chicago metro market
- The Crest Hill property satisfies growing demand in an undersupplied market
- 154,000 residents in a 3-mile radius
- $78,000 average household income
- Only four competing storage centers are located in the primary trade area, none of which have modern drive-up units
- Development will commence immediately, with delivery expected within 12 months and full lease-up anticipated within three years
Property: Self-Storage Facility
Location: Gallatin, Tennessee
Address: 149 Goodview Way, Gallatin, Tennessee
Buyer: GSI Opportunity Fund (Go Store It Fund) – managed by Madison Capital Group Holdings
Square Feet: 47,250
Unit count: 313 units
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