Public Storage Inc., a self-storage real estate investment trust (REIT), has acquired Sentry Self Storage in Houston. Built in 2006, the facility at 707 Maxey Road comprises 104,024 square feet of storage space in 941 climate-controlled and drive-up units. It sits on 5 acres.
The seller and the buyer were represented in the transaction by Hugh Horne, principal of Carmel Storage Capital, and Bill Bellomy and Michael Johnson, brokers with Bellomy & Co.
Public Storage also recently opened a new facility in Puyallup, Wash., a suburb of Seattle. It also expanded an existing location in Milpitas, Calif., adding more than 700 interior, climate-controlled units to its property at 1080 Pecten Court. The site now offers more than 1,200 units.
Based in Glendale, Calif., Public Storage has interests in 2,615 self-storage facilities in 39 states, with approximately 171 million net rentable square feet. Operating under the Shurgard brand name, the company also has 223 facilities in seven European countries, with approximately 12 million net rentable square feet.
Headquartered in Coral Springs, Fla., Sentry manages more than 30 properties in several states, and works with 14 ownership groups.
Formed in 2016 and based in Los Angeles, Charmel Storage is a commercial real estate advisory firm focused on self-storage capital transactions.
With offices in Atlanta, Houston, and Austin, Texas, Bellomy & Co. focuses on the sale of self-storage, industrial, office and retail properties nationwide.
