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: Class-A, Institutional-Quality Self-Storage Facility
Location: St. Johns, Florida
Address: 150 Pine Chase Way, St. Johns, Florida
Seller: Lockhart Management Group (LMG)
Buyer: HPI Real Estate Services & Investments
Property Management: Extra Space Storage
Broker and Brokerage: Brian Fulton Top Hat Commercial Real Estate (THCRE)
Gross Square Feet: 110,401
NRSF: 81,578
Unit Count: 716 Units (3 Stories, 100% Climate-Controlled units)
Property: Lemon Springs Self Storage
Location: Sanford, North Carolina
Address: 1325 Greenwood Rd and 151 McCormick Rd, Sanford, North Carolina
Seller: Midcoast Properties, Inc.
Broker and Brokerage: Hal H. Tanner III of Midcoast Properties (represented the seller)
NRSF: 10,950 +/-
Unit Count: 92 standard drive-up units
Highlights:
- Gated keypad access
- Perimeter fencing
- 24-hour security surveillance
Property: Alarge Self-Storage Facility
Location: Brookland
Closing Deal: $3.5 Million
Buyer: U Storage
Broker and Brokerage: Hugh Jordan of The Jordan Group
Previously Operated by: MyStorage.com brand
Acreage: 4 acres
Square Feet: 60,000
Growth Rate Annually: 5.3%
Property: Class A Self-Storage Facility
Location: Rahway, New Jersey
Address: 2255 Elizabeth Avenue, Rahway, New Jersey
Buyer: SmartStop Self Storage REIT, Inc.
NRSF: 53,450
Unit Count: 550 climate-controlled storage units, 11 RV parking units, and two elevators for convenient access
Property: EZ Access Self Storage
Location: Santa Clarita, California
Address: 23715 Carl Court, Santa Clarita, California
Closing Deal: $27 Million
Year Developed: 2000
Buyer: Intercontinental Real Estate Corporation (partnership with LaTerra Development)
Acreage: 4.18 acres
Square Feet: 100,000
Unit Count: 784 units
Highlights:
- Includes nine one-story storage buildings
- Separate management office
- On-site residential unit
- Plans to Modernizing the management office
- Upgrading hallway lighting
- Enhancing landscaping and curb appeal
- Improving site security and controlled entry systems
- The facility will be rebranded under the Public Storage name
Property: Flint’s Crossing
Location: Auburn, Alabama
Seller: Leitbox Storage Partners (LBP) [sister company of Merchants Retail Partners (MRP)]
Square Feet: 97,668
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