Last week’s self-storage transactions highlight a strategic shift toward supply scarcity and specialized demand. The headline deal was Uplift Development Group’s unprecedented acquisition of an 18-property Colorado portfolio, which stands as the largest in state history. This move consolidates the supply-constrained I-70 corridor by introducing institutional management and niche amenities, such as ski lockers. Simultaneously, a “lifestyle storage” boom in Texas is evidenced by major acquisitions of Boat/RV facilities in Crowley and Richmond (Texas), notably a $250 million portfolio in which enclosed bays command premium rents and achieve 94% occupancy due to suburban space constraints. Rounding out the activity, deals in Newark and Phoenix, together with CubeSmart and CBRE Investment Management’s nationwide investment initiative, underscore a profound institutional confidence in the sector’s long-term resilience.
Property: Dry Dock & Lock
Location: Crowley, Texas
Address: 2300 FM 1187, Crowley, Texas
Year Built: 2021
Brokers and Brokerage: Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap
Acreage: 20 acres
NRSF: 200,940
Unit Count: 466 units
Highlights:
- The property comprises a mix of enclosed, covered and uncovered parking options for boats, RVs and traditional storage needs
Portfolio: 18-Property Self-Storage Portfolio
Location: Across Colorado Rocky Mountains
Buyer: Uplift Development Group
Square Feet: 500,000
Unit Count: 3,000 units
Highlights:
- The portfolio is primarily located along I-70
- Annual traffic volume exceeding 20 million vehicles
- The acquisition also encompasses key properties along Highway 40, the primary gateway to Rocky Mountain National Park, serving the communities of Empire, Granby, Grand Lake, and Kremmling
Portfolio: Four-Property Boat and RV Storage Portfolio
Location: Richmond, Texas
Portfolio Includes: Grand Parkway Boat & RV Storage, Katy Cinco Boat & RV Storage, Elite Boat & RV Storage and FM 359 Boat & RV Storage
Closing Deal: $250 Million
Buyer: Joint venture between GEM Realty Capital and Madison Capital Group (Go Store It’s parent company)
Unit Count: 705 units (with 560 covered or enclosed)
Occupancy: 94%
Go Store It plans to implement:
- Comprehensive branding and signage upgrades
- Centralized revenue management
- Advanced operating technology and enhanced digital marketing
Property: Winnipesaukee Self Storage
Location: Gilford, New Hampshire
Buyer: U-Haul
Brokers and Brokerage: Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh (Broker of Records) of Marcus & Millichap
NRSF: 39,917
Unit Count: 512 units
Highlights:
- Entirely climate-controlled space
- Permits are in place for an expansion that is planned to more than double the net rentable square footage
Property: Self-Storage Property (previously operated by CubeSmart)
Location: Newark, New Jersey
Location: 353–367 Park Avenue, Newark, New Jersey
Buyer: Storage Post Self Storage
Brokers and Brokerage: Robert Bloch of Marcus & Millichap
Property: Self-Storage Facility
Location: Phoenix, Arizona
Buyer: CubeSmart and CBRE Investment Management
Property Management: CubeSmart
Highlights:
- The venture plans to invest in core, core-plus, and value-add self-storage assets nationwide
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