Prime Storage
Interested in selling your Prime Storage NNN property or Prime Storage ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Prime Storage NNN property for sale or Prime Storage ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Prime Storage NNN property or the inclusion of a Prime Storage ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Prime Storage properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2024, Prime Storage operates approximately 900+ self-storage facilities across more than 40 U.S. states, making it one of the fastest-growing privately held self-storage operators in the country. The company continues to expand through acquisitions and new developments in major metropolitan and secondary markets.
Revenue and income
Prime Storage is a privately held self-storage platform, backed by institutional capital. As a private company, detailed revenue and net income figures are not publicly disclosed. However, industry estimates and transaction activity indicate multi-billion-dollar portfolio value, supported by strong occupancy levels and recurring rental income across its national footprint.
Future plans
Prime Storage continues to pursue aggressive growth through:
Acquisitions: Actively acquiring stabilized and value-add self-storage assets nationwide.
New development: Expanding with ground-up developments and facility expansions in high-demand markets.
Operational enhancements: Investing in technology, revenue management systems, and customer experience improvements.
Portfolio optimization: Rebranding, renovating, and modernizing acquired facilities to drive long-term performance.
Corporate vs. franchise
Prime Storage does not operate as a franchise.
All facilities are corporate-owned and operated, allowing centralized management, consistent branding, and standardized operating procedures across the portfolio.
Additional information Prime Storage Properties
Founded in 2002, Prime Storage has grown from a regional operator into a nationally recognized self-storage platform.
The company is backed by institutional investment, including private equity sponsorship, supporting large-scale acquisitions and long-term growth.
Prime Storage focuses on customer-centric operations, offering climate-controlled units, digital rentals, and enhanced security features.
Headquarters are located in Massachusetts, with centralized management overseeing nationwide operations.
Prime Storage History
Prime Storage was founded in 2002 with a focus on acquiring and operating high-quality self-storage facilities. Over time, the company expanded beyond its regional roots through strategic acquisitions and operational efficiencies.
In recent years, Prime Storage has accelerated its growth through large-scale portfolio acquisitions, redevelopment initiatives, and national rebranding efforts. Today, Prime Storage operates hundreds of locations nationwide and is recognized as a major institutional owner in the self-storage sector, continuing to expand through disciplined investment and modernization strategies.
Why Invest in Ground Lease and NNN Lease of Prime Storage?
Investing in Prime Storage ground lease or triple-net (NNN) lease properties offers attractive benefits for passive real estate investors.
1) Prime Storage NNN Property Investment: Stable income
Self-storage demand remains resilient across economic cycles. Prime Storage’s diversified national footprint supports consistent, recurring rental income for property owners.
2) Prime Storage NNN Property Investment: Established tenant
Backed by experienced management and institutional capital, Prime Storage offers strong tenant reliability and long-term operational stability.
3) Prime Storage NNN Property Investment: Low management responsibility
Under NNN and ground lease structures, the tenant typically covers taxes, insurance, maintenance, and operating expenses, creating a passive investment profile.
4) Prime Storage NNN Property Investment: Favorable lease terms
Leases often include long initial terms with rent escalations, providing predictable income growth and reduced rollover risk.
5) Prime Storage NNN Property Investment: Real estate value
Facilities are generally located in high-density residential and growth markets, supporting long-term demand and property value appreciation.
Pros and Cons of Prime Storage Ground Lease and NNN Lease Investment
Pros:
Stable income from recession-resistant self-storage demand.
Institutional-quality tenant with national scale.
Minimal landlord management responsibilities.
Long lease terms with built-in rent increases.
Properties located in strong demographic and growth markets.
Cons:
Lease renewal risk at expiration.
Exposure to self-storage market competition or oversupply.
Limited landlord control under NNN structures.
Lower cap rates due to strong tenant profile.
Sensitivity to interest rates and broader real estate market conditions.
As with any NNN investment, thorough due diligence—including market demand, lease terms, tenant strength, and site location—is essential. Consulting with experienced real estate and financial professionals can help ensure alignment with investment goals and risk tolerance.