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.
Portfolio: Lone Star Storage Center (Class A Self-Storage Property)
Location: Bryan & Cypress, TX
Seller: Texas Lone Star Storage Centers Ltd
Buyer: Morningstar Properties, LLC
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF (Bryan Facility): 80,145
Unit Count (Bryan Facility: 693 units
NRSF (Cypress Facility): 91,150
Unit Count (Cypress Facility): 593 units
Property: Cibolo Storage
Location: Cibolo, Texas
Address: 325 FM 1103, Cibolo, Texas
Brokers and Brokerage: Bryan Quaschnick, Brandon Karr, Danny Cunningham and Jon Danklefs of Marcus & Millichap
Acreage: 2.14 acres
NRSF: 28,000
Unit Count: 246 units
Occupancy: 84%
Highlights:
- The facility has nine buildings
- Offers non-climate-controlled units with drive-up access
- Perimeter fencing
- Keypad gate entry
- 24-hour video surveillance
Property: STORE on Pittman Self Storage (Class-A Self-Storage)
Location: Fairfield, California
Address: 555 Pittman Road, Fairfield, California
Seller: Denova Northwest
Buyer: Wentworth Storage Company
Brokers and Brokerage: Greg Wells and Kevin Cuff of Cushman & Wakefield
Third Party Management: STORE Management
Square Feet: 67,883
Unit Count: 667 units (34 rentable outdoor parking spaces, 554 climate-controlled units and 79 drive-up units)
Physical Occupancy: 85%
Highlights:
- The property is also approved for a 13,900-square-foot single-story expansion, representing a significant future value-creation opportunity
- Modern climate-controlled, and drive-up accessible facility
- Delivers secure, customer-focused storage solutions
- A unique drive-up ramp design offers tenants 100% ground-level access
Property: Blackhorse Storage & Postal
Location: Cypress, Texas
Deal Amount: $16.1 Million Permanent Loan
Finance/Loan by: Deason Financial Group
Broker and Brokerage: Dave Knobler of Marcus & Millichap
Acreage: 14.2
NRSF: 261,206
Unit Count: 552 units
Highlights:
- The loan was structured with a five-year term, fixed interest rate and a 25-year amortization schedule
Property: 27th Avenue Self Storage
Location: Canyon Lakes area, Texas
Closing Deal: $14 Million
Buyer: Harmony Village Lynnwood LLC
Unit Count: 185 units plus 100 bays for recreational vehicles, a home, barn and shop
Property: Self-Storage Facility
Location: Murfreesboro, Tennessee
Address: 1323 NW Broad St., Murfreesboro, Tennessee
Seller: SmartStop
Buyer: Strategic Storage Trust X (sponsored by an affiliate of SmartStop Self Storage REIT, Inc.)
NRSF: 62,100
Unit Count: 470 storage units (approximately 380 drive-up units and approximately six RV units, distributed across 12 single-story buildings)
Vehicles Per Day: 21,390
Portfolio: Storelocal Self Storage Properties
Locations: Franklin, Gallatin & Spring Hill, TN
Loan/Finance: $17.25 Million
Brokers and Brokerage: Andy Bratt, Amit Tyagi and Nick Severson of Gantry
Highlights:
- The properties were cross-collateralized under a single loan structure, resulting in a new, stabilized debt facility for the trio of assets
- The four-year, fixed rate loan was provided by an insurance lender from Gantry’s extensive roster of correspondents and affiliates featuring interest only for the entirety of the loan term
______________________________________________________________________________________________________
Do you have a closed/recent transaction to add? Please send us the details at info@listselfstorage.com
