A Dallas investment firm has paid about $8.25 million for a South Tampa self-storage facility as investors continue to target one of commercial real estate’s most resilient sectors.
Baranof Holdings acquired the StorQuest Self Storage facility at 5002 S. Manhattan Ave. from a William Warren Group affiliate in a transaction recorded June 3.
The purchase comes as investors continue to favor self-storage properties, which are known for steady rental income and relatively low operating costs.
Florida remains one of the industry’s busiest markets, with more than 10 million square feet of new self-storage space expected to be delivered statewide this year, according to StorageCafe.
Founded in 2015, Baranof focuses exclusively on self-storage investments and says it has developed, acquired and managed more than $2 billion in self-storage properties across 21 states.
The South Tampa facility will continue operating under the StorQuest brand.
Read More Tampa Bay Business News
Explore the latest Tampa Bay business news, real estate deals, development projects, executive moves and company updates shaping the region.