Manatee County storage facility sells for $5.2 million

A self-storage facility in Manatee County recently sold for more than double what the owner paid for it four years ago. Stor Self Storage, located at 7000 Iris St., was purchased for $5.2 million, according to Coastal Storage Group, which brokered the deal.

The seller was an LLC, based in St. Louis Park, Minnesota, that paid nearly $2.28 million for the complex in 2022, according to Manatee County property records.

The buyer was an LLC linked to Merit Hill Capital, a real estate investment trust in Brooklyn, New York, that specializes in self-storage facilities. It had more than 400 properties in its portfolio across 38 states at the end of 2025.

Stor Self Storage is a 3.25-acre facility with nearly 47,000 rentable square feet, including 130 units and 10 parking spots for RVs and boats. According to the listing, it contains four buildings and is 93% occupied.

Recently, the complex underwent “significant upgrades,” the listing says, including new wind-rated roll-up doors, fresh asphalt seal coating and a new gate system with AI-enabled security cameras. According to the listing, the owner remotely managed the property, which is near Whitfield Avenue and U.S. 301.

Image via argus-selfstorage.com

"We are thrilled to have helped the seller achieve such a great outcome," Josh Koerner of Coastal Storage Group says in a statement. "Even with the shifting dynamics in today's market, this closing proves that quality assets like Stor Self Storage are always in demand."

Coastal Storage Group, based in Jacksonville, is the Florida and Georgia affiliate for Colorado-headquartered Argus Self Storage Advisors, which bills itself as the largest self-storage brokerage network in the country, with 36 broker affiliates covering nearly 40 markets.