Sold! HPI Real Estate snaps up newly built 840-unit storage facility in Texas

Bruce Goldberg
Published June 6, 2024

HPI Real Estate of Austin, TX bought the recently built Life Storage facility in Anna, TX. Located at 501 S. Ferguson Parkway, the facility opened in September 2023. The three-story, three-building site has 840 units and 103,079 RSF of climate-controlled storage. The Davis Group, based in Atlanta, GA, was the developer. The purchase was HPI’s fifth asset in the Dallas-Fort Worth market.

Life Storage facility in Anna TX

Source: HPI

Marcus & Millichap brokered the sale of a 182-unit self-storage facility called Leeville Pike Storage at 6000 Leeville Pike in Lebanon, TN, about 20 miles east of Nashville, TN. Andrew Beeckman of Marcus & Millichap’s Nashville office represented the seller and found the buyer. Neither names nor the sales price were disclosed. Source: REBusiness Online

Nathan Gottlieb, Alex Ihrke, Matt Haugen and Tom Flannigan of Argus Self Storage Advisors are pleased to announce the sale of Lucky 7 Storage located in Cambridge, Minnesota. The facility consists of 19,326 rentable square feet and 97 units of self storage, along with a 500 square foot office. Lucky 7 also provides over 30 spaces for outdoor parking and storage. Gottlieb and his team represented the seller and worked directly with the buyer to complete the transaction. The buyer is a local group looking to expand their storage portfolio in MN. Source: Argus Self Storage

Bruce Goldberg

Bruce Goldberg is a freelance writer and editor based in Denver. He worked in newspapers and magazines as both a business writer/editor and sportswriter/editor for 35 years.

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