Hot Property Trades Highlight Resilient Demand in the Self-Storage Sector

In a comprehensive review of pertinent property transactions in the self-storage industry, List Self Storage enlightened us with recent purchases and developments that reflect significant industry growth.

First, a Class-A Institutional Quality Self-Storage Asset in Loxahatchee Groves, FL, was up for occupancy as of October 2023. The buyer, Prime Storage, finalized the purchase facilitated by Brokers Brian Fulton of Top Hat Commercial Real Estate (THCRE) and Lockhart Management Group (LMG). This property boasts gross square footage of 97,352 with 737 climate-controlled units.

Another significant sale featured self-storage development land in Victor, ID, purchased by Summit Self Storage. This plot spans 6.14 acres and is zoned for producing an 80,000-square-foot self-storage facility.

A lucrative transaction drawing attention was the $122 million deal for two self-storage buildings run by LifeStorage in Queens, NY. Seller LSC Development handed the properties over to Blumenfeld Development Group. The buildings in Flushing and Woodside's neighborhoods offer a combined gross square footage of 261,056.

The blog post confirms industry resilience and potential for booming self-storage demand by listing several other transactions, including Riverton Self Storage in Riverton, UT, and Apache Self Storage in Gonzales, TX.

Detailed transactions can be found in the original post here.

Post: Hot Property Trades

🔒📚 Hi! I'm Eric Manning, a self-storage operations nerd and lifelong learner. 🗝️ My articles blend industry know-how with a dash of humor and wisdom. Whether you're a storage newbie or a pro, join me as we explore the world of storage, one witty insight at a time! 📦😊🔑