HOLLISTER, CALIF. — The De Jong | Becher Self Storage Team at Colliers has arranged the sale of Hannigan’s Mini Storage facility in Hollister. Mechanics Banks, as trustee for the John A Maki Trust, sold the asset to National Storage Affiliates for $6.5 million. Located at 180 San Felipe Road, the fully stabilized self-storage facility features 330 units in 29,926 rentable square feet. The property will transition to Right Space Storage management and branding at close.
VALLEJO AND SONOMA, CALIF. — Harvest Properties, in joint venture with New York Life Real Estate Investors (NYLREI), has acquired two self-storage facilities in Vallejo and Sonoma in separate transactions totaling $44.2 million. In total, the properties offer 1,435 self-storage units. The joint venture has engaged Extra Space to manage both properties. The partnership purchased Best Self Storage, an 80,000-square-foot drive-up facility with 516 units at 155 Fremont Drive and Mafei Road in Sonoma, and Vallejo Self Storage, a 76,000-square-foot property with 919 climate-controlled units at 384 Fairgrounds Drive in Vallejo. The JLL Storage Capital Markets team represented the seller in the Vallejo Self Storage transaction.
CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Overflow Garage, a 204-unit automotive storage facility in Corpus Christi. The facility is located about 15 miles south of the downtown area and totals 16,880 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Plano-based Cumbia Real Estate Holding LLC, in the transaction. The team also procured the undisclosed, Corpus Christi-based buyer.
DALLAS — Newmark has arranged a $125 million loan for the refinancing of a portfolio of 19 self-storage properties that are primarily (13 facilities) located in Pennsylvania. The other six properties are scattered across Maryland, New Jersey, Indiana and Kentucky. Collectively, the portfolio totals roughly1.2 million net rentable square feet of space across nearly 10,000 units and has maintained an average occupancy rate of 91 percent over the past decade. Jonathan Firestone, Jordan Roeschlaub, Nick Scribani, Clint Frease, John Caraviello, Aaron Swerdlin and Andrew Warin of Newmark arranged the fixed-rate loan on behalf of the borrower, Dallas-based Rosewood Property Co. PGIM Real Estate provided the debt.
MONTVALE, N.J. — Fulton Bank has provided a $14.9 million construction loan for a 989-unit self-storage project that will be located in the Northern New Jersey community of Montvale. The three-acre site at 21 Phillips Parkway currently houses an 18,500-square-foot office building that will be demolished to accommodate the new climate-controlled facility. Jon Mikula, Michael Klein and John Cumming of JLL arranged the loan, which carries a 42-month term and a floating interest rate, on behalf of the developer, a partnership between Claremont Development, March Development and Battery Global Advisors.
CLOVIS, N.M. — Marcus & Millichap has arranged the sale of a two-property self-storage facility portfolio in Clovis. Terms of the transaction were not disclosed. The portfolio includes two facilities at 3400 W. 7th St. and 5126 N. Prince St. In total, the portfolio offers 262 non-climate-controlled units, 29 fully enclosed RV and boat units and one office. Situated on 3.2 acres, the portfolio totals 53,880 net rentable square feet. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer in the deal.
CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.
LOMBARD, ILL. — Byline Bank’s Commercial Real Estate Group has provided a $9.2 million loan for the conversion of a 103,109-square-foot office building into self-storage space in the Chicago suburb of Lombard. LSC Development is the developer and borrower. The building, located at the intersection of I-355 and North Avenue, will be transformed into 67,853 square feet of climate-controlled self-storage space with 64 secured surface parking spaces for both RVs and regular vehicles across 14,800 square feet. Two loading docks with overhead doors will also be installed. The project is slated for completion in the first half of 2026. Law firm Blank Rome represented Byline Bank, while Duggan Bertsch LLC represented LSC Development.
BUTTE, MONT. — The LeClaire-Schlosser Group of Marcus & Millichap has brokered the sale of Grand Storage, a self-storage facility in Butte. An owner-operator acquired the 33,980-square-foot asset from a regional self-storage owner and developer for an undisclosed price. Built in 2004 and expanded in 2023, Grand Storage offers 266 units on 3.4 acres. Onsite amenities include electronic gated entry with a digital keypad and automatic gate at the exit, a manufactured house with office and one-bedroom apartment, metal roll-up doors and security monitoring with 24/7 video surveillance throughout the facility. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller and procured the buyer in the deal.
AUSTIN, TEXAS — JLL has brokered the sale of Driftwood Self Storage, a 482-unit facility in southwest Austin. Constructed on 13.5 acres in 2021, Driftwood Self Storage comprises 96,433 net rentable square feet of climate-controlled space. The property, which was roughly 93 percent occupied at the time of sale, also features drive-up units, covered parking and fully enclosed RV units. Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL represented the Houston-based seller, The Jenkins Organization, in the transaction and procured the buyer, California-based Platinum Storage Group.