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ACQUISITION: The LeClaire-Schlosser Group of Marcus & Millichap announces the sale of Extra Space Storage (Managed), a 984-unit, 87,393 SF self-storage facility in Phoenix, Arizona. Built in 2021, the fully climate-controlled property maintained approximately 92% occupancy and recorded 13% revenue growth through 2026. The facility features digital gated access, multiple elevators, drive-in loading, 24/7 video surveillance, and an on-site management office. Adam Schlosser, Jordan Farrer, and Charles “Chico” LeClaire represented the seller, with Ryan Sarbinoff serving as broker of record in Arizona. The buyers, Art and Darryl Flaming, will operate the facility as A Storage Place.

DEVELOPMENT: Amy’s Attic Self Storage breaks ground on a 110,000 SF self-storage facility in Jarrell, Texas, with an opening planned for late spring 2027. The privately funded, $3M project is being developed on nearly 6.5 acres near Interstate 35, adjacent to 80 single-family homes being developed by an affiliate company. The development team includes Morales Design Group. Amy’s Attic Self Storage Jarrell will feature five non-climate-controlled and six climate-controlled buildings, along with electronic gate access, security systems, extensive lighting, and online rentals.

DEVELOPMENT: Site clearance and grading begin at 2580 Maue Road in Miamisburg, Ohio, paving the way for a new self-storage facility planned by Barefoot Land Co. and Maue Storage. The proposed one-story, 75,400 SF facility will feature 527 climate-controlled units and 41 drive-up, ambient-air storage units. Miamisburg planners approved the project with conditions in October 2025. Property owner Connie Ryan is overseeing the site, with construction preparations now underway southwest of Byers and Maue roads.

FINANCING: Provident Bank provides construction financing for Shadowbrook Capital’s planned 121,384 SF self-storage facility in Glen Rock, New Jersey. The three-story, temperature-controlled facility is expected to be completed in 2027 and will feature 891 units. Extra Space Storage will manage the facility upon completion. JLL’s Michael Klein, Nazario Paragano, and Michael Donohoe arranged the financing for Shadowbrook Capital, marking their second construction loan collaboration with Provident Bank.  Shadowbrook Capital founder and CEO Ben Leach is leading the development, which will serve Glen Rock and surrounding Bergen County communities in a supply-constrained market.

31,920 SF Building | 7.60% Cap Rate | 32 Units | 100% Occupancy | Access to Highway 371

61,204 SF Building | 547 Units | 0.38/1,000 SF Parking Ratio | Access to Bob Hope & Los Angeles International Airport | 93.2% Occupancy

45,685 RSF Building | 337 Units | 94.9% Occupancy | Access to Tulsa International Airport

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