Self-Storage Real Estate Acquisitions and Sales: June 2021

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Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of activity happening in June 2021.

A three-property Advantage Storage portfolio in Odessa, Texas, sold. Together, the facilities at 5101 E. 52nd St., 6501 E. Business 20 and 5136 E. University Blvd. comprise 252,506 net rentable square feet in 1,428 units. The 52nd Street location was expanded in 2019 and has room for future development. Advantage operates more than 50 self-storage facilities in Arizona, Colorado and Texas. The seller was represented in the transaction by The Hatcher Group of Marcus & Millichap (M&M), a commercial real estate investment firm with offices throughout Canada and the United States.

Allsafe Self Storage in Cedar Hill, Texas, sold to an out-of-state private investor. Built in 2000 and expanded in 2011, the…

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