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Public Storage Acquires Derby Self Storage in Holiday, FL


Public Storage Inc., a self-storage real estate investment trust (REIT), has acquired Derby Self Storage in Holiday, Fla., from Aegis Storage LLC. Built in 2004 on more than 5 acres, the property at 2262 U.S. Highway 19 comprises 64,100 net rentable square feet of storage space in 558 units, 223 of which are climate-controlled. The units range from 25 to 300 square feet. It also contains five vehicle-parking spaces as well as 600 square feet for parking, according to a press release from SkyView Advisors, the investment-sales and advisory firm that represented the seller in the deal.

“We are continuing to experience strong interest in the self-storage assets we have on market, and Derby Self Storage was no exception,” said Ryan Clark, director of investment sales for SkyView, which specializes in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Based in Tampa, the firm also has offices in Cleveland and Milwaukee.

Just last week, Public Storage opened a new facility in Humble, Texas, a growing suburb that lies northeast of Houston. The three-story asset at 8717 N. Sam Houston Parkway E. comprises 140,000 square feet in 1,183 units. The climate-controlled building includes three drive-up units. The property is part of the REIT’s “ongoing effort to expand in the region,” according to a press release.

Based in Glendale, Calif., the REIT has interests in 2,354 self-storage facilities in 38 states, with approximately 155 million net rentable square feet. Operating under the Shurgard brand name, the company also has 220 facilities in seven European countries, with approximately 12 million net rentable square feet.

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