Weekly Self Storage Transaction Roundup: 7/13/26 – 7/25/26

The week’s 14 transactions reflected the breadth of today’s acquisition market, underscoring continued investor demand across a wide range of investment profiles. The deals spanned newly delivered Class A facilities, adaptive reuse projects, hybrid self-storage and vehicle parking assets, boat and RV storage, and value-add portfolios. Extra Space-branded facilities featured prominently in four transactions, including an adaptive reuse conversion of a former K-Mart anchor in Scranton that illustrates the continued appeal of repurposing underutilized retail into self-storage. Extra Space acquired Class A facilities in Puyallup and Melissa, Texas, with the latter located in one of the fastest-growing DFW corridors, where the five-mile population is projected to grow 21.6% and average household incomes exceed $172,000. Another Extra Space-managed Class A facility in Chattanooga also changed hands, reinforcing ongoing investor demand for institutional-quality assets. Elsewhere, a CubeSmart facility combining drive-up units and vehicle parking traded along Colorado’s Front Range, while Storology’s hybrid storage asset near Fort Worth attracted seven competing offers, highlighting continued demand for well-located facilities with diversified storage offerings.

Las Vegas offered perhaps the week’s most nuanced investment story. Despite an oversupplied market with additional development in the pipeline and street rates down more than 10% over the past year, investors remained willing to acquire a 2005-built facility at 84% occupancy, attracted by its infill location among established residential neighborhoods, highway visibility, and repositioning potential in one of the nation’s fastest-growing metros. Boat and RV storage also remained active, with transactions in Bend, Oregon, and Greenville, South Carolina. At the same time, two portfolio sales reflected continued interest in value-add opportunities: a North Florida portfolio in a supply-constrained market with in-place rents approximately 11% below market, and a six-property North and South Carolina portfolio positioned to benefit from projected population growth and operational improvements.

*Market Snapshots are based on a defined five-mile radius from each city center, capturing a more representative view of the core demand base. Reported rates are calculated using standardized benchmark unit types to ensure consistency across markets.