Salt Lake City, UT-based self-storage REIT Extra Space Storage bought a self-storage facility in San Diego, CA, for $15.4 million. The seller was the original developer of the property. Lock-It Lockers, which has been rebranded as Extra Space Storage, contains 56,700 rentable square feet and more than 750 units. The facility, at 1560 Frazee Road,…

Could self-driving cars and ride-hailing services put a big dent in the self-storage sector? Or could the self-storage sector, as some industry observers foresee, actually enjoy the ride? A recent report from Green Street Advisors, a commercial real estate research and advisory firm, and the Urban Land Institute, a nonprofit research and education organization, about…

Columbia, MO-based StorageMart bought a self-storage facility in Waukee, IA, for an undisclosed amount. The facility, built in 2014, was listed at $5.8 million. Bill Bellomy, Michael Johnson and John Arnold, all of Austin-based commercial real estate firm Bellomy & Co., represented the Waukee-based seller and found the buyer. The name of the seller wasn’t…

Saratoga Springs, NY-based Prime Group Holdings bought a self-storage facility in Brooklyn, NY, for $53 million from Madison Development, a self-storage developer in New York City, NY. The former CubeSmart facility now operates under the Prime Storage Group brand, according to Real Estate Weekly. The facility is at 1084-1098 Rockaway Ave. Prime Storage owns 9.6 million…

Valley Storage bought three self-storage facilities in Ohio from Best Little Warehouse. The facilities — two in Grafton, OH, and one in Elyria, OH — comprise 110,480 square feet and 727 units. The facilities have been rebranded as Valley Storage. Financial terms of the deal weren’t disclosed. York, PA-based Storage Asset Management Inc. now manages…

On the heels of selling 27 self-storage facilities to Greenwood Village, CO-based REIT National Storage Affiliates Trust, a joint venture tied to Store Here is already hunting for more facilities to buy. Store Here LLC — a joint venture between affiliates of self-storage operator Store Here Management LLC and real estate investment firm Westport Capital Partners…

Dallas, TX-based Rosewood Property Co. recently purchased five self-storage facilities in major U.S. markets. Pending legal and government approvals, Rosewood Property didn’t divulge the locations of the acquired properties. Financial terms and other details weren’t available. “The markets in which we made these latest acquisitions were all target markets for our portfolio and represent important additions…

A 40-year-old real estate company in North Carolina has made its initial foray into the self-storage sector and is pursuing even more opportunities in the Southeast. Raleigh, NC-based Rivercrest Realty Advisors recently bought a self-storage facility in Winston-Salem, NC, and launched construction of a self-storage facility in Greenville, SC. Those two facilities represent Rivercrest’s first…