{"id":8742,"date":"2025-04-07T07:25:14","date_gmt":"2025-04-07T07:25:14","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=8742"},"modified":"2025-04-21T14:36:01","modified_gmt":"2025-04-21T14:36:01","slug":"recent-self-storage-transactions-04-01-2025-04-07-2025","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/recent-self-storage-transactions-04-01-2025-04-07-2025\/","title":{"rendered":"Recent Self-Storage Transactions: 04.01.2025 \u2013 04.07.2025"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Investor activity in early April highlights a strong demand for self-storage assets across varied markets and strategies. Deals ranged from ground-up development in Miami to stabilized acquisitions in Texas, with a $65 million portfolio transaction in Houston underscoring investors\u2019 long-term optimism and confidence in the self-storage sector. Multi-property deals and retail conversions point to a focus on scale, flexibility, and creative reuse &#8211; particularly in dense suburban markets with strong demographics.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\"alignnone wp-image-8746\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Miami-FL-scaled.jpg\" alt=\"\" width=\"625\" height=\"347\" srcset=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Miami-FL-scaled.jpg 2560w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Miami-FL-660x365.jpg 660w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Miami-FL-1536x854.jpg 1536w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Miami-FL-2048x1139.jpg 2048w\" sizes=\"(max-width: 625px) 100vw, 625px\" \/><br \/>\nProperty: Class A Self-Storage Development Site (fully entitled 7-stories development site)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: Miami, FL<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Address: 2210 NW 14th Street, Miami, Florida<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brokerage: Coastal Storage Group, broker affiliate of Argus<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Acreage: 0.62 acre<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Gross Square Feet: 143,490<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 92,400<br \/>\nHighlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Has an additional 2,300 GSF of retail space on the bottom floor<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">This site was sold with Warrant (Site Plan) approval which included a moratorium on storage within 2500 feet of the site<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Coastal Storage Group rebranded from Weaver Realty in January of 2024 and has been the Argus Self Storage Advisor Affiliate since 1999 covering the state of Florida and now the South Georgia territory<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/www.connectcre.com\/wp-content\/uploads\/2025\/03\/Tanner-Road2.png\" alt=\"SROA buys three Houston self storage facilities\" width=\"625\" height=\"388\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Portfolio: Five-Property Self-Storage Portfolio<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: Houston, TX<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Year Completed: between 1998 and 2014<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Seller: Madison Capital Group<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Buyer: SROA Capital<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Finance: Northwestern Mutual<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Loan Amount: $65 Million (8-year acquisition loan)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Broker and Brokerage: Matthew Wheeler, Adam Roossien, Brian Somoza and Steve Mellon, led the JLL Capital Markets Self Storage team representing the seller. Griffin Guthneck led the JLL Self Storage Debt Advisory team that worked on securing the loan<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 340,000<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Unit Count: 2,327 units<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Three facilities are in the Houston metro area<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The largest was a 117,960-square-foot facility on Tanner Road, consisting of 11 single-story buildings across 9 acres<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">All five properties bought from Madison Capital Group operated under the Go Store It brand<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The facilities are now part of SROA\u2019s Storage Rentals of America brand<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Has climate and non-climate-controlled units, as well as RV and boat storage<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">\u00a0<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\"alignnone wp-image-8747\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Portfolio-OH.jpg\" alt=\"\" width=\"624\" height=\"469\" \/><br \/>\nPortfolio: Stronghold Self Storage (three-property portfolio)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Locations: Erlanger &amp; Middletown, KY and Cincinnati, OH<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Buyer: Various LLCs led by Zach Quick of <\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">QStorageM<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Lender: PSG Lending<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 147,234<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Unit Count: 1200 units<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-8749\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Five-Star-Store-It-scaled.jpg\" alt=\"\" width=\"624\" height=\"468\" srcset=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Five-Star-Store-It-scaled.jpg 2560w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Five-Star-Store-It-1536x1151.jpg 1536w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Five-Star-Store-It-2048x1535.jpg 2048w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Property: Five Star Store It<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: Westland, Michigan<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Address: 5235 S. Merriman Road, Westland, Michigan<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Buyer: MyPlace Storage<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brokers and Brokerage: Steve Chaben (broker of record), Brett Hatcher, Gabriel Coe and Nathan Coe of The Hatcher Coe Group of Marcus &amp; Millichap<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Acreage: 22 acres<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">NRSF: 115,707<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Unit Count: 1,103 units (30 climate-controlled, 774 non-climate-controlled units and 229 parking spaces)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The property has high visibility, excellent street frontage and a dense surrounding population of 215,668 people within five miles<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">A retail component on-site will be converted into climate-controlled storage<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\"alignnone wp-image-8751\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Extra-Space-Storage-Carrollton-TX.jpg\" alt=\"\" width=\"624\" height=\"351\" srcset=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Extra-Space-Storage-Carrollton-TX.jpg 896w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2025\/04\/Extra-Space-Storage-Carrollton-TX-500x280.jpg 500w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><br \/>\nProperty: Extra Space Storage (privately owned, REIT-managed Facility)<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Location: Carrollton, Texas<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Year Built &amp; Expanded: 1996 &amp; 2001<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Brokers and Brokerage: Brandon Karr of Marcus &amp; Millichap<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Square Feet: 114,236<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Unit Count: 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Highlights:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The facility sits on two adjacent parcels at 2422 Marsh Lane<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The facility has a leasing office, a two-bedroom manager\u2019s residence<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Gated keypad access<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">24-hour video surveillance and perimeter fencing<\/span><\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">______________________________________________________________________________________________________<\/span><\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Do you have a closed\/recent transaction to add? Please send us the details at <span style=\"text-decoration: underline;\"><strong><a href=\"mailto:info@listselfstorage.com\" target=\"_blank\" rel=\"noopener noreferrer\">info@listselfstorage.com<\/a><\/strong><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investor activity in early April highlights a strong demand for self-storage assets across varied markets and strategies. Deals ranged from ground-up development in Miami to stabilized acquisitions in Texas, with a $65 million portfolio transaction in Houston underscoring investors\u2019 long-term optimism and confidence in the self-storage sector. Multi-property deals and retail conversions point to a focus on scale, flexibility, and creative reuse &#8211; particularly in dense suburban markets with strong demographics. &nbsp; &nbsp; Property: Class A Self-Storage Development Site (fully entitled 7-stories development site) Location: Miami, FL Address: 2210 NW&hellip;<\/p>\n","protected":false},"author":13,"featured_media":8747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8742"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=8742"}],"version-history":[{"count":8,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8742\/revisions"}],"predecessor-version":[{"id":8767,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8742\/revisions\/8767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/8747"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=8742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=8742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=8742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}