Superior Capital Advisors sells Biloxi self-storage facility to The Storage Center
Superior Capital Advisors brokered the sale of 24 Hour Storage, a 571-unit self-storage property in Biloxi, Mississippi, to The Storage Center. The deal closed after a competitive marketing process and underscores continued investor demand for stabilized storage assets on the Gulf Coast.
Why it matters: - The sale shows investor appetite for newer self-storage assets in growth markets. - The transaction also adds another high-value deal to Superior Capital Advisors' self-storage brokerage track record. - The buyer, The Storage Center, is one of the nation’s largest privately owned self-storage operators.
What happened: - Superior Capital Advisors announced the sale of 24 Hour Storage, a class A self-storage facility in Biloxi, Mississippi. - The property traded to The Storage Center. - Matthew Porter and Michael Morrison led the exclusive listing for the seller and also procured the buyer. - The sale went under contract within 90 days after drawing multiple offers.
The details: - 24 Hour Storage sits on Popp’s Ferry Road, a high-traffic corridor near established commercial activity. - The facility was built in 2023 and received its Certificate of Occupancy in January 2024. - The asset was engineered to meet a 161 MPH wind load. - The property includes 55,450 rentable square feet across 571 units. - The site also features a large, dedicated onsite office. - Superior Capital Advisors described the property as having a strong reputation with both residential and commercial tenants. - The firm also said the asset was very efficiently run by a local real estate developer.
Between the lines: - The quick sale and multiple offers point to continued demand for newer, well-located self-storage properties. - Biloxi’s Gulf Coast location and commercial growth appear to have supported the marketing story for the asset. - The deal fits a broader view in the industry that self-storage remains a stable asset class through shifting economic conditions.
What’s next: - The Storage Center will add the Biloxi property to its operating platform. - Superior Capital Advisors says it will continue focusing on self-storage investment sales and advisory work nationwide. - More information on Superior Capital Advisors is available on the company website.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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