Self-Storage

BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.

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BEND, ORE. — Signal Ventures has obtained $15.5 million in construction financing for the development of Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Road in Bend. Jonah Aelyon, Taylor Simian and John Williamson of JLL Capital Markets secured the loan through Live Oak Bank for Signal Ventures. Brian Somoza and Adam Roosien of JLL’s National Self Storage team handled the site transaction. The shovel-ready development will deliver 118,800 gross square feet with 92,584 net rentable square feet across 877 climate-controlled units.

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FRESNO, TEXAS — Marcus & Millichap has brokered the sale of GuardBox Storage, a 650-unit self-storage facility in Fresno, a southern suburb of Houston. Built on 8.3 acres in 2005, GuardBox Storage comprises 129,493 net rentable square feet across 320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. Dave Knobler, Mixson Staffel, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The group also procured the buyer, MyPlace Self Storage.

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MONTGOMERY, ILL. — Marcus & Millichap has arranged the sale of U.S. 30 Storage, a 500-unit self-storage property positioned along U.S. Route 30 in Montgomery, a western suburb of Chicago. Jon Silvers and Sean Delaney of Marcus & Millichap represented the seller, a trust, and procured the buyer, a national real estate investment firm. The property will be professionally managed by CubeSmart. Located at 1400 Bohr Ave., the 39,660-square-foot asset features 278 non-climate-controlled units and 222 outdoor parking spaces for vehicles, boats and RVs.

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DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.

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FARMERSVILLE, TEXAS — Marcus & Millichap has brokered the sale of a 207-unit boat and RV storage facility in Farmersville, about 45 miles northeast of Dallas. Known as A-Affordable Boat & RV Storage Farmersville, the facility was built on 12.7 acres in 2023 and  spans 101,520 net rentable square feet. Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap represented the seller, Ciera Bank, in the transaction. Cunningham and Karr also procured the undisclosed, Dallas-based buyer.

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LANCASTER, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 265-unit facility in Lancaster, a southern suburb of Dallas. Lasoto Self Storage was built in the 1980s and spans 44,940 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer in the transaction. Both parties were Texas-based entities that requested anonymity. The sales price was also not disclosed.

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NORTH BERGEN, N.J. — Safely Store has purchased a self-storage redevelopment site in North Bergen, located across the Hudson River from New York City. The site at 3131 Kennedy Blvd. houses a vacant, 73,398-square-foot building that was originally constructed in 1999 and previously functioned as a movie theater. Safely Store plans to convert the building into a four story self-storage facility with 103,000 net rentable square feet of climate-controlled space. Jose Cruz, Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, Madison International Realty, in the transaction.

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TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.

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100 Lady's Island Commons

BEAUFORT, S.C. — Colorado-based Spartan Investment Group has acquired three self-storage facilities totaling 1,710 units in Beaufort, a city in coastal South Carolina, for an undisclosed price. The seller was also not disclosed. The facilities include a 121,643-square-foot, 694-unit property at 481 Parris Island Gateway and a 77,270-square-foot, 632-unit property at 240 SC-128. The third asset is a 30,802-square-foot, 384-unit facility at 100 Lady’s Island Commons. Totaling 229,715 rentable square feet, the newly acquired self-storage facilities represent Spartan’s first acquisitions in 2026.

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