Public Storage Acquires 3D Self Storage in Elkhorn, NE

Public Storage Inc., a self-storage real estate investment trust (REIT), has acquired 3D Self Storage in Elkhorn, Neb. The 5.8-acre property at 20809 Cumberland Drive is 13 miles west of Omaha. Built in 2016 and expanded a year later, it contains 11 buildings comprising 122,070 net rentable square feet of storage space in 802 units.  

The buyer and the Omaha-based seller were represented in the transaction by John Arnold, Bill Bellomy and Michael Johnson, brokers with Bellomy & Co., a commercial real estate firm with offices in Atlanta, Houston, and Austin, Texas.

Public Storage recently opened two other locations, including a three-story, 900-unit facility in Huntersville, N.C. The other is a three-story, 350-unit facility in Gardena, Calif., a suburb in the South Bay region of Los Angeles County. That site opened in February.

The REIT also received approval last week to demolish a set of drive-up units at its Spring Lake Park, Minn., facility and build a three-story, climate-controlled structure in their place.

Based in Glendale, Calif., Public Storage has interests in 2,386 self-storage facilities in 38 states, with approximately 156 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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