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.
Property: Reata Self Storage
Location: Richland, Washington
Closing Deal: $5,100,000
Seller: Richard and Shirley Nall
Buyer: Clearview East MHP LLC
Broker and Brokerage: Ryan Layton of AREA Commercial RE [Washington Broker Affiliate for Argus Self Storage Advisors]
Square Feet: 53,632 (with an additional 33,788 SF of outdoor parking)
Unit Count: 173 storage units, 95 parking spaces with a full on-site RV dump and water station
Acquisition Cap Rate: 6.0% (seller providing financing)
Property: Lone Star Storage Center
Location: San Angelo, Texas
Seller: Texas Lone Star Storage Centers Ltd
Buyer: Apollo Real Estate Capital LLC
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF: 69,525
Unit Count: 334 non-climate and 210 climate-controlled units
Property: Lone Star Storage
Location: Cypress, Texas
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF: 91,150
Unit Count: 593 units
Property: Lone Star Storage
Location: Bryan, Texas
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
Buyer: Morningstar Properties
NRSF: 91,150
Unit Count: 693 units
Property: LockTite Self Storage
Location: Moncks Corner, South Carolina
NRSF: 57,130
Unit Count: 371 climate-controlled units
Physical Occupancy: 88%
Property: Spencer Mini Storage (11 single-story buildings)
Location: La Porte, Texas
Address: 11220 Spencer Highway, La Porte, Texas
Year Built: 1990
Buyer: MyPlace Self Storage and Nuveen (partnership)
Seller: ExchangeRight
Brokers and Brokerage: Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza of JLL Capital Markets
Acreage: 4.37 acres
Square Feet: 55,775
Unit Count: 511 units (37% climate controlled), 79 boat or RV surface parking spaces
Average Household Income: more than $119,000
VPD (Vehicles per Day) five-mile radius: 17,500
Property: Planet Self Storage
Location: Syracuse, New York
Address: 901 Hiawatha Blvd. West., Syracuse, New York
Brokers and Brokerage: Nick Malagisi and Hans Hardisty of National Storage Partners
Acreage: 4.86 fenced acres and stand-alone pylon signage
Square Feet: 62,625
Unit Count: 484 units
Portfolio: Class A, Three-Property Self-Storage Portfolio
Location: Lynbrook & Port Jefferson Station, New York and Framingham, Massachusetts
Buyer: Summerland Storage Partners
Finance: $45 Million
Finance by: Affinius Capital LLC
Third-Party Management: Public Storage and CubeSmart
NRSF; 274,396
Unit Count: 3,141 units (91% climate controlled)
Highlights:
- 24/7 video surveillance
- Individual unit locks
- Keypad entry
- Drive-up access
- Elevator service
- Wide drive aisles
- On-site management
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