Last week’s self-storage transactions highlight a continued mix of value-add acquisitions, stabilized portfolio trades, and growing interest in alternative storage formats across secondary and tertiary markets. Notably, a $98 million acquisition of a 15-property portfolio spanning Florida, Kentucky, and South Carolina underscores sustained institutional appetite for geographically diversified, high-occupancy assets, particularly in lower-cost markets where operational scale can drive efficiencies. At the asset level, deals such as Freedom Storage & RV in Arizona point to increasing investor focus on hybrid self-storage and RV/boat facilities, where expansion potential and underutilized land offer clear upside through lease-up and product enhancement.
Meanwhile, transaction activity across Texas and Florida reflects continued investor focus on high-growth Sun Belt markets, where population inflows and business-friendly environments support long-term demand, even as competition and new supply require a more disciplined approach to underwriting. Overall, the week’s activity suggests that while institutional capital continues to pursue scaled, stabilized portfolios, private and regional buyers remain active in targeting value-add opportunities with embedded growth potential, particularly in markets with lower barriers to entry and evolving demand drivers.
Property: Freedom Storage & RV
Location: Benson, Arizona
Year Constructed: 1994
Brokers and Brokerage: Darsh Desai of The Gorden Group, an affiliate of ARGUS Self Storage Advisors
Acreage: 4.9 acres
NRSF: 39,670
Unit Count: 238 units
Physical Occupancy: 78%
Highlights:
- The property was marketed as a compelling value-add opportunity, with clearly defined upside through lease-up of RV spaces, site improvements, grading enhancements, and the addition of RV markers
- The expansive land footprint also provides future expansion potential for climate-controlled units or covered RV and boat storage
- Lease-up potential, operational improvements, and expansion capacity attracted a diverse pool of buyers
Property: GuardBox Storage (Eight single-story buildings)
Location: Fresno, Texas
Year Constructed: 2005
Brokers and Brokerage: Dave Knobler, Mixson Staffel, Adam Schlosser and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap
Buyer: My Place Self Storage
Acreage: 8.34 acres
Square Feet: 129,493
Unit Count: 650 units (320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space)
Highlights:
- Has an entrance gate with keycode access
- Video surveillance throughout the facility
- Concrete driveways
- Perimeter chain link fencing
- Units with roll up doors
- The large full-service manager’s office contains a show unit that allows customers to pick the size of the rental space needed without the manager having to leave the office
Property: Public Storage (Managed)
Location: ST Augustine, Florida
Brokers & Brokerage: Frank DeSalvo, David Perlleshi of Franklin Street
NRSF: 85,000
Unit Count: 500
Property: Bison Storage
Location: Clearwater, Florida
Brokers & Brokerage: Frank DeSalvo, David Perlleshi of Franklin Street
NRSF: 25,555
Unit Count: 448 units
Property Name: Madisonville Storage Units
Location: Madisonville, Kentucky
Address: 4875 Hanson Rd, Madisonville, Kentucky
Brokers & Brokerage: Frank DeSalvo, David Perlleshi of Franklin Street
Acreage: 1.04 acres
NRSF: 10,050
Unit Count: 102 units
Property Name: Rosewood Self Storage
Location: Vidor, Texas
Address: 405 North St, Vidor, Texas 77662
Brokers & Brokerage: Frank DeSalvo, David Perlleshi of Franklin Street
Land Area: 0.76 acres
NRSF: 13,300
Unit Count: 102 units
Portfolio: 15-Property Self-Storage Portfolio
Locations: Florida, Kentucky and South Carolina
Closing Deal: $98 Million
Buyer: Washington Street Investment Partners LLC (owner and operator of the LocalStorage Group)
Seller: SROA Capital (operates Storage Rentals of America)
Brokers and Brokerage: Griffin Guthneck, Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets
NRSF (Combined): 832,000
Unit Count: 6,600 units
Highlights:
- The portfolio includes one property in Florida, and seven each in Kentucky and South Carolina
- All the assets have a 90% occupancy rate
- JLL represented SROA Capital in this transaction
Portfolio: Vancleave Self Storage (Two-Property Self Storage Facility)
Location: Vancleave, Mississippi
Brokers and Brokerage: Matthew Porter and Michael Morrison of Superior Capital Advisors
NRSF (Combined): 20,670
Unit Count: 165 units
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