Last week’s transaction activity highlights a continued split in self-storage investment strategies, with capital targeting both stabilized suburban assets and higher-growth redevelopment opportunities across diverse geographies. Trades in markets such as Sioux Falls, Seattle, and Renton show steady demand for facilities with climate-controlled units, parking, and extra income streams. The North Bergen redevelopment points to ongoing interest in adaptive reuse in dense, supply-constrained urban corridors. Meanwhile, smaller assets in secondary and tertiary markets, including Mississippi, North Carolina, and Texas, suggest that private and regional buyers stay active, likely drawn to lower entry costs and operational upside. Including RV and boat storage shows expanding interest in outdoor storage, where unique offerings and limited supply sustain investor appetite.
Property: Oscar’s Mini Storage
Location: Sioux Falls, South Dakota
Address: 2209 W. 5th Street, Sioux Falls, South Dakota
Closing Deal: $4,500,000
Broker and Brokerage: Nathan Gottlieb of Argus Self Storage Advisors
NRSF: 74,133
Highlights:
- The facility offers a diverse mix of drive-up storage, climate-controlled units
- Warehouse space fully leased to long-term tenants
- 119 outdoor parking spaces spread across multiple buildings
Property: Lasoto Self Storage
Location: Lancaster, Texas
Year Built: 1980
Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal
NRSF: 44,940
Unit Count: 265 units
Property: Forward Storage
Location: Landis, North Carolina
Address: 900 North Chapel Street, Landis, North Carolina – 28088
Brokers and Brokerage: David Perlleshi and Frank DeSalvo
Acreage: 6.35 acres
NRSF: 29,940
Unit Count: 145 units
Property: StorQuest Self Storage Facility – Seattle
Location: Seattle, Washington
Address: 12805 Martin Luther King Jr. Way S., Seattle, Washington – 98178
Closing Deal: $16.2 Million (Source: King County records)
Seller: 5890 S 129th LLC (associated with ASB Real Estate)
Property: Self-Storage Redevelopment Site
Location: North Bergen, New Jersey
Address: 3131 Kennedy Blvd.,
Buyer: Safely Store
Seller: Madison International Realty
Brokers and Brokerage: Jose Cruz, Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL
Highlights:
- Safely Store plans to convert the building into a four story self-storage facility with 103,000 NRSF of climate-controlled space
- Houses a vacant, 73,398-square-foot building
- Originally constructed in 1999 and previously functioned as a movie theater
Property: Mid-City Storage
Location: Hattiesburg, Mississippi
Brokers and Brokerage: Matthew Porter and Michael Morrison of Superior Capital Advisors
NRSF: 10,470
Property: East Valley RV & Boat Storage
Location: Renton, Washington
Buyer: Outrig (leading provider of premium RV, boat, and commercial storage solutions)
Highlights:
- The property has been rebranded as Outrig Storage East Valley
- Offers highly secure canopy and uncovered storage options for recreational enthusiasts
- The facility features a range of amenities designed to simplify RV and boat ownership
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