Marcus & Millichap sold Tote 'N Stow for $12.075 million on October 22, 2026, transferring a 9.3-acre Tualatin, Oregon, campus with 164 mini-storage units and 471 RV and vehicle spaces to Glacier West Self Storage. The 178,647-square-foot asset sits 15 miles south of downtown Portland at 10290 SW Tualatin Road.
Brokers marketed the deal as both operating cash flow and scarce land: sellers held the property since 1989, and the buyer plans upgrades, rebranding, and professional management on a site marketed to locals since 1958. The close lands in an active October 2026 tape that includes Public Storage's Colorado portfolio buys and Rogers Equity's Wisconsin Storage Lion campus.
What Did Glacier West Actually Acquire?
The product mix is the story. Mini storage totals 38,347 rentable square feet across 164 units built in 1978. Vehicle storage adds 140,300 square feet across 471 covered and uncovered stalls for RVs, boats, and cars.
| Component | Count / size |
|---|---|
| Land | 9.3 acres |
| Mini-storage units | 164 units; 38,347 RSF |
| RV/vehicle spaces | 471 spaces; 140,300 SF |
| Total facility size | 178,647 SF |
| Sale price | $12.075M |
Glacier West's October 2026 social post emphasized continuity: Tote 'N Stow served Tualatin for decades as a family-run operator, and the buyer pledged to maintain service levels while investing in the platform. That narrative matters in vehicle-heavy storage, where tenants choose on trust and gate security as much as on $/SF.
Why Did Marcus & Millichap Frame the Trade as a Land Play?
Chris Secreto, senior managing director in Marcus & Millichap's Seattle office, said large commercial land parcels are increasingly difficult to find in the Portland suburbs. Sellers owned the asset since 1989; the buyer gets nine acres in an upper-income corridor where new entitled storage sites face long timelines.
The sellers had owned the property since 1989, and the transaction presented an opportunity to acquire more than nine acres in a densely developed, upper-income suburban market. Large commercial land parcels are increasingly difficult to find in this area, making the property a long-term covered land investment for the buyer.
- Chris Secreto, Senior Managing Director, Marcus & Millichap
David Tabata, Oregon broker of record, co-marketed the listing exclusively for Oregon-based business trusts. The buyer group was described as out-of-state regional capital in the press release, consistent with Glacier West's Pacific Northwest expansion strategy.
Hybrid buyers are paying for optionality: continue RV-heavy operations, rebrand mini storage, or eventually repurpose land if zoning and density shift. That is a different thesis than CubeSmart's 949-unit Canton, Ohio, lease-up buy, which is pure climate-controlled fill-up.
How Does Portland-Area Supply Affect the Thesis?
Pacific Northwest markets do not behave like 2023 Sun Belt glut corridors. National advertised rates still softened through September 2026, but vehicle storage and infill land remain supply-constrained product types.
Tote 'N Stow's own marketing highlights 24/7 monitoring, keypad gate entry, and proximity to I-5 and Highway 99W. Those features support premium RV rents even when 10×10 web rates move slowly.
Glacier West's rebranding plan signals institutional operating standards coming to a legacy operator: professional management, capital improvements, and likely unified pricing across the Portland footprint. Expect rate resets and marketing spend as the new owner integrates the asset.
What Should Operators Learn From the $12.075 Million Print?
Three takeaways for owners and brokers.
Family tenure creates bid depth. Thirty-seven years of ownership produced a marketing story buyers can underwrite emotionally and financially. When you sell, document occupancy by product type, RV wait lists, and capital spent since the last roof cycle.
Hybrid comps require blended math. At $12.075M on 178,647 total square feet, the deal prices near $68/SF on everything, not on storage RSF alone (~$315/SF on mini-storage RSF only). Appraisers and lenders will fight that split; sellers should present vehicle income separately.
Regional platforms still expand. Glacier West's Oregon entry mirrors StorageMart's Kansas City-area acquisition and SW Group's first out-of-state CubeSmart buy: operators with capital and systems keep buying while REITs integrate mega-mergers.
The Numbers Worth Writing Down
- $12.075M sale price; closed October 22, 2026
- 10290 SW Tualatin Road, Tualatin, OR; 9.3 acres
- 164 units; 38,347 mini-storage RSF
- 471 RV/vehicle spaces; 140,300 SF
- Built 1978; family-operated brand since 1958
- Seller tenure since 1989 (business trusts)
- Buyer: Glacier West Self Storage; broker: Marcus & Millichap (Secreto / Tabata)
- Planned: upgrades, rebrand, professional management
Hybrid Assets Still Trade on Acreage
Tote 'N Stow is not a climate-controlled infill box. It is nine acres of RV moat wrapped in a mini-storage brand locals trust. Glacier West paid $12.075 million because Portland suburbs rarely throw off 471 vehicle stalls on one deed.
If you own vehicle-heavy storage in land-scarce metros, October 2026 comps say buyers will pay for coverage and acreage, not just ECRI history. Get your stall counts, wait lists, and roof capex on paper before you call a broker.
Sources
- Marcus & Millichap Facilitates $12.08 Million Sale of Tote 'N Stow in Tualatin, Oregon, Marcus & Millichap, October 22, 2026
- Glacier West Self Storage Oregon expansion announcement, Glacier West Self Storage, October 2026
- Self-Storage Real Estate Acquisitions and Sales: October 2026, Inside Self-Storage, October 20, 2026
- Rogers Equity Storage Lion Oshkosh Acquisition, Your CAIO, October 2026
- Public Storage Colorado iBox Aurora Fort Collins, Your CAIO, October 2026