Weekly Self Storage Transaction Roundup: 8/17/26 – 8/20/26

Self-storage transaction activity last week spanned 12 properties across a diverse mix of markets and asset profiles, though one acquisition accounted for much of the activity: Prestige Self Storage’s seven-property, 307,249-NRSF entry into southeast Alabama. The portfolio spans Dothan, Enterprise, and Ozark and was 95.8% occupied overall, with several properties above 97%. Those occupancy levels are notable given above-average supply across all three markets, ranging from 9.8 square feet per capita (SF/capita) in Ozark to 18.6 in Enterprise, compared with 7.82 nationally. Enterprise provides the strongest growth story, with population up approximately 9% since 2020, while Dothan’s role as a regional employment and commercial center expands its demand base beyond residents. Together, these demand drivers provide important context for the portfolio’s high occupancy despite substantial existing inventory. Enterprise is particularly notable, with the acquired property 99.6% occupied, while the Ozark asset was 97.9% occupied despite more modest local demographics. Rather than an undersupply story, the acquisition instead highlights how local demand characteristics and asset performance can provide important context that supply metrics alone may miss.

The remaining transactions reflect a similarly varied set of market conditions. North Andover, Massachusetts, stands out for its relatively limited existing supply of 5.0 SF/capita, well below the national average, in an affluent and comparatively high-cost market. Fairhope, Alabama presents the more unusual profile, with 27.1 SF/capita, roughly 3.5 times the national level, yet its $1.26/SF walk-in rate remains in line with the $1.27 national average. Recent population growth provides some demand-side context, making the combination of exceptionally high supply and national-level pricing particularly notable. Fort Worth offers another distinct acquisition profile, where Sundance Bay acquired a 126,325-NRSF Class A facility completed in 2022 and 2024 that remains in lease-up while generating approximately 5% month-over-month revenue growth. With 6.3 SF/capita, the transaction highlights acquisition activity involving newer assets where continued lease-up remains part of the opportunity.

*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.