Category: Recent Transactions

The transactions below reflect self-storage sales identified through public sources and records over the past week. Because public reporting doesn’t capture every transaction in the market, this list reflects a snapshot of visible activity rather than the full scope of deal flow. StorTrack’s market metrics appear under each listing to provide context on the conditions surrounding each acquisition and how the property is positioned within its market. Image Not Available Blue Ridge Storage – SC 3337 North Highway 14, Greer, SC 29651 Blue Ridge Storage in Greer, SC closed at…

Last week’s transaction activity covered eleven deals spanning 19 facilities, with buyers pursuing several paths to value. Lease-up featured prominently, including StorQuest Express in Kissimmee, which sold for $6.9 million, or about $128/SF, at 82% occupancy, and the four-property Houston portfolio at roughly 76%. Expansion potential also factored into the Newberry, Belmont, and Churchville deals, while Waukegan offered operational upside. Market conditions varied considerably, with supply ranging from 6.3 square feet per capita (SF/capita) in Waukegan to 16.7 SF/capita in Casper. Pricing also varies widely: online discounts range from more…

This past week’s transactions span different points in the operating cycle, with buyers finding opportunities in both lease-up and stabilized assets. Self Storage Monroe traded while still leasing up in a market with 17.3 square feet per capita (SF/capita). At the same time, the newly built Tampa facility had already reached 86.3% occupancy despite competing with 40 stores. East Lansing reached full stabilization within 14 months in a tighter 6.1 SF/capita university market, while Mill Creek was more than 90% occupied yet still offered embedded rent upside. The contrast reveals…

Previous week’s transactions reflect three investment angles: regional portfolio scale, value-add potential, and a newer Class A product. Six properties traded as a portfolio around Tupelo, Mississippi, spanning markedly different local conditions. The heavily supplied Tupelo market has 21.09 SF/capita and average advertised walk-in rates of $1.31/SF. In contrast, the smaller markets of Baldwyn, Mooreville, and Guntown have far less supply, lower rates, and little gap between online and walk-in pricing. The portfolio brings these contrasting trade areas together in a single transaction. Amarillo presents a direct value-add opportunity: the…

This week’s transactions show investors pursuing value at different stages of the self-storage operating cycle. Leominster, Massachusetts, and Overland Park, Kansas, entered the week with comparatively modest supply at 5.32 and 7.96 SF/capita. At the same time, Windsor, Colorado, pairs a $141,200 median household income and nearly 50% three-mile population growth since 2020 with just six cents separating average online and walk-in rates. The clearest value-add story, however, comes from Fort Pierce and Morgan Hill. A newly built Fort Pierce facility traded at roughly 25% occupancy, consequently putting the lease-up…

Thirty-seven properties recently changed hands, with portfolio activity dominating the deal flow: seven multi-property transactions accounted for 31 of the assets. Two of the largest disclosed deals concentrated capital in the Pacific Northwest, where Public Storage acquired 10 Money Saver facilities across Puget Sound for $96.9 million and 5 more in the Portland metro area for $54.2 million. Several Puget Sound properties combine constrained supply, affluent demand bases, and strong rents, including Kirkland, with just 4.4 square feet per capita (SF/capita), a $178,400 median income, and a $2.41/SF walk-in rate.…

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…

Transactions captured in last week’s roundup reflect investment activity across markets with notably different fundamentals. Several deals involved assets with clear operational upside, even in markets with relatively high supply. Big Bass Storage in Greenville, a 2024 build still in lease-up, was marketed with below-market rents. J&J Mini Storage in Fallon was 76% occupied, with lease-up and revenue-management potential. The CubeSmart-managed facility in Longview was positioned as a value-add acquisition. Those markets carry 11.4, 32.7, and 17.0 square feet per capita (SF/capita), respectively, suggesting investors are still pursuing higher-supply markets…

Portfolio activity stood out this week, with five of the nine transactions involving multiple properties across Oregon, Texas, Washington, Maryland and Michigan. Together, those deals account for 20 facilities, reflecting portfolio activity across geographically and fundamentally different markets. Institutional capital was represented by Ares Real Estate Fund’s acquisition of the two-property Rockville, MD portfolio. Separately, three Extra Space-branded or managed assets changed hands in Phoenix, Vero Beach and Malden, MA. However, the transactions reflect changes in property ownership rather than acquisitions by Extra Space itself. The underlying markets reveal just…

This week’s transactions illustrate how local market fundamentals can tell a very different story than headline supply metrics. Despite very different supply conditions, each of these markets offers characteristics that help explain why investors continue to pursue opportunities there. Burke Storage in Morganton, NC appears, at first glance, to be in an oversupplied market, with nearly 12 square feet per capita across 17 facilities, two more developments planned within the same five-mile trade area, and little projected population growth. Yet pricing tells a different story. Walk-in rates increased 2.6% over…