Argus Self Storage Advisors report the following: BCSS Ventures LLC purchased McCalla Mini Storage in Bessemer, AL for $1,700,000. Bill Barnhill and Stuart LaGroue, members of Argus Self Storage Advisors, represented the seller. The facility covers 26,500 rentable square feet and contains 189 regular storage units. BCSS Ventures LLC also purchased Cahaba Mini Storage in…

Oak Brook, Illinois-based real estate firm Inland has purchased a 12 property self-storage portfolio in Michigan from a joint venture group.  The portfolio covers 747,146 net rentable square feet and offers a total of 6,209 units. Charles “Chico” LeClaire, executive managing director investments and Adam Schlosser, senior vice president investments, in Marcus & Millichap’s Denver…

Street rates are down for self-storage properties. Will a slowdown in new deliveries provide relief? Yardi Matrix reports that street rates dropped in about 75 percent of the markets it tracks, according to its December National Self Storage Report. Street rates for standard 10×10 non-climate-controlled units fell 1.7 percent year-over-year in November and 3.3 percent…

Public Storage purchased a three facility self-storage portfolio covering 300,000 square feet in the Charleston, SC area. The facilities were developed and sold by a partnership between the Miller-Valentine Group and The Coastal Storage Group. The facilities offer more than 2,000 self-storage units combined and have been open since 2018. Two facilities were located in…