# MyPlace Self Storage Closes Franklin, Indiana, Buy as 79th U.S. Location on November 3, 2026 > The Johnson County asset south of Indianapolis adds hybrid storage, RV parking, and small-bay commercial income to a platform that closed four North Carolina properties the same month. MyPlace now counts roughly 4,600 units and 496,000 net rentable square feet across Indiana. - URL: https://www.yourcaio.co/news/myplace-franklin-indiana-79th-location-november-2026 - Published: 2026-11-05 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Tags: MyPlace Self Storage, Franklin Indiana, Indianapolis MSA, Drive-Up Storage, Vehicle Parking - Source: [MyPlace Self Storage](https://myplaceselfstorage.com/blog/franklin-in-self-storage-acquisition/) ## Key Takeaways - MyPlace Self Storage announced November 3, 2026 that it acquired a facility at 743 Commerce Drive in Franklin, Indiana, its 79th U.S. location and eighth in Indiana, per the operator's blog post. - The property includes approximately 79,750 net rentable square feet across 527 non-climate-controlled drive-up units, 113 uncovered vehicle parking spaces, and 15,200 square feet of commercial space in eight units. - With Franklin, MyPlace operates eight Indiana facilities including five in the greater Indianapolis metro, totaling about 4,600 units and 496,000 net rentable square feet in the state. - The site sits south of Indianapolis on Interstate 65 access, serving Johnson County communities including Bargersville, Whiteland, and Greenwood, per MyPlace. - The Franklin closing landed the same week as Andover's 666-unit Napa buy and SmartStop's non-traded merger close, showing mid-cap platforms still buying while REITs integrate balance sheets. **MyPlace Self Storage** closed on a **527-unit** facility at **743 Commerce Drive** in **Franklin, Indiana**, on **November 3, 2026**, marking its **79th** U.S. location and **eighth** Indiana site, per the operator's blog. The asset adds **79,750 net rentable square feet** of drive-up storage, **113** uncovered vehicle spaces, and **15,200 square feet** of commercial space across **eight** units. The trade is a **hybrid-income** play in **Johnson County**, not a climate-controlled infill trophy. MyPlace is stacking **I-65** suburban density while **[Andover buys 666 Napa units](https://www.yourcaio.co/news/andover-storage-star-napa-666-units-storage-king-november-2026)** and **[SmartStop internalizes another billion-dollar program](https://www.yourcaio.co/news/smartstop-sst-vi-ssgt-iii-merger-closes-november-2026)** the same week. --- ## What Did MyPlace Actually Buy in Franklin? The November 3 post describes a **non-climate-controlled, drive-up** product aimed at households, contractors, and businesses that need **pull-up access**. Unit sizes run from **5x5** lockers through **10x30** garage-scale boxes, plus **covered and uncovered** vehicle options. | Component | Count / size (MyPlace, Nov. 3, 2026) | |-----------|----------------------------------------| | Drive-up storage units | 527 | | Net rentable storage SF | ~79,750 | | Uncovered vehicle spaces | 113 | | Commercial units | 8 (~15,200 SF) | | Nationwide MyPlace count | 79 locations | | Indiana MyPlace count | 8 locations | **Commercial bays** matter for underwriting. They diversify cash flow beyond storage rent and mirror how **[U-Haul's mixed-use Wantage campus](https://www.yourcaio.co/news/u-haul-wantage-plaza-cubesmart-route-23-acquisition-october-2026)** paired retail pads with storage wings. Franklin is smaller scale, but the logic is the same: **one gate, multiple checks**. --- ## Why Does Central Indiana Fit MyPlace's Rollup? Franklin sits **south of Indianapolis** with **Interstate 65** access. MyPlace explicitly targets **Bargersville, Whiteland, Greenwood**, and neighboring **Johnson County** communities, plus proximity to **Franklin College**. After the close, MyPlace reports **~4,600 units** and **~496,000 net rentable square feet** across **Indiana**, with **five** sites in the **Indianapolis metro**. That cluster density supports shared call-center, lien, and pricing infrastructure without proportional overhead. The timing parallels **[MyPlace's four-property, 2,114-unit North Carolina batch](https://www.yourcaio.co/news/myplace-self-storage-north-carolina-four-property-october-2026)** from **October 12, 2026**, when regional platforms still bought **scaled square footage** despite soft national advertised rates in **[Yardi Matrix's September panel](https://www.yourcaio.co/news/yardi-matrix-september-2026-advertised-rates-1-9-percent-august-2026)**. --- ## How Does Franklin Compare to Other November 2026 Deals? November opens with **three different buyer types**: - **REIT-adjacent private**: Andover's **666-unit**, **94,000-square-foot** Napa **Storage King** infill. - **Non-traded consolidation**: SmartStop's **$1.2 billion** SST VI / SSGT III merger close. - **Regional operator tuck-ins**: MyPlace's **527-unit** Franklin hybrid. Franklin will not reset **national cap rates**. It confirms **MyPlace + Nuveen-style platforms** still underwrite **Sun Belt and Midwest drive-up** assets when **[Colliers' 2,883-unit Virginia Simply Storage strip](https://www.yourcaio.co/news/colliers-simply-storage-virginia-2883-unit-portfolio-october-2026)** shows institutions want **multi-site cash flow**, not one-off lease-ups. Link to **[Nuveen's Apache Junction partnership with MyPlace](https://www.yourcaio.co/news/myplace-nuveen-apache-junction-523-unit-september-2026)**: capital partners keep showing up when operators prove **same-store execution** across **79 keys**. --- ## What Should Sellers Learn From the Franklin Profile? Three underwriting signals stand out. **First, vehicle income is priced in.** **113** outdoor spaces target **RV, boat, and trailer** demand without building expensive enclosed parking. That matches **[PODS' October Florida migration data](https://www.yourcaio.co/news/pods-moving-trends-pulse-check-florida-top-three-october-2026)** showing households still juggling **oversized goods** even when street rates soften. **Second, commercial square footage adds NOI optionality.** Eight **~15,200-square-foot** bays can host **contractor yards, small workshops, or flex office** without rezoning a pure storage pad. **Third, online rental remains the finish line.** MyPlace pushes **e-commerce move-ins** on the Franklin page. That makes **[White Label's November abandoned-cart AI caller](https://www.yourcaio.co/news/white-label-storage-abandoned-cart-ai-agent-november-2026)** and **[Cubby's five-minute callback stats](https://www.yourcaio.co/news/self-storage-management-software-ai-standard-october-2026)** relevant even on **drive-up** assets: digital leads still leak at checkout. --- ## What Operating Metrics Should MyPlace Track Post-Close? Watch **three dashboards** in the first **90 days**: 1. **Vehicle space occupancy vs. storage occupancy** (113 spaces vs. 527 units). 2. **Commercial bay churn** (eight units with different lease structures). 3. **Web funnel completion** on Franklin-specific inventory feeds. If **[FEDESSA's 2026 European survey](https://www.yourcaio.co/news/fedessa-cbre-2026-european-report-wiesbaden-november-2026)** is right that **84% of operators now run AI somewhere**, MyPlace's edge is not novelty. It is **density + hybrid income + centralized pricing** on **I-65**. --- ## The Numbers Worth Writing Down - **527** drive-up units; **~79,750** net rentable square feet - **113** uncovered vehicle spaces; **~15,200** SF commercial (8 units) - **79th** MyPlace location; **8th** in Indiana (**~4,600** units / **~496,000** NRSF in state) - **743 Commerce Drive**, Franklin, IN **46131** - **November 3, 2026** operator announcement --- ## Hybrid Suburban Assets Still Clear in November Franklin is not Napa wine-locker glamour. It is **Johnson County logistics for households, contractors, and RV owners**, bundled with **small commercial bays** on a **2026** balance sheet that still accepts **drive-up** risk. MyPlace's **November** close proves **regional rollups** did not pause for **[big-three REIT earnings week](https://www.yourcaio.co/news/iss-big-three-reit-q3-2026-earnings-roundup-november-2026)**. They bought **another Indianapolis-adjacent key** while capital headlines focused on **California infill** and **non-traded mergers**. That is the **acquisition** story operators should remember: **hybrid suburban pads** still trade when the platform can **cluster keys** and **finish leases online**. --- ## Sources - [MyPlace Self Storage Strengthens Indiana Portfolio with Franklin Acquisition](https://myplaceselfstorage.com/blog/franklin-in-self-storage-acquisition/), MyPlace Self Storage, November 3, 2026 - [MyPlace North Carolina Four-Property Acquisition](https://www.yourcaio.co/news/myplace-self-storage-north-carolina-four-property-october-2026), Your CAIO, October 2026 - [Andover Storage Star Napa Acquisition](https://www.yourcaio.co/news/andover-storage-star-napa-666-units-storage-king-november-2026), Your CAIO, November 2026 - [SmartStop SST VI SSGT III Merger Closes](https://www.yourcaio.co/news/smartstop-sst-vi-ssgt-iii-merger-closes-november-2026), Your CAIO, November 2026 - [Colliers Simply Storage Virginia Portfolio](https://www.yourcaio.co/news/colliers-simply-storage-virginia-2883-unit-portfolio-october-2026), Your CAIO, October 2026 ## Frequently Asked Questions ### How large is the MyPlace Franklin, Indiana, storage acquisition? MyPlace reported November 3, 2026 that the Franklin asset at 743 Commerce Drive includes 527 drive-up units totaling about 79,750 net rentable square feet, plus 113 uncovered vehicle spaces and 15,200 square feet of commercial space across eight units. Financial terms were not disclosed. ### What number location is Franklin for MyPlace Self Storage? Franklin is MyPlace's 79th location nationwide and its eighth in Indiana, according to the November 3, 2026 announcement. Five of the Indiana sites sit in the greater Indianapolis metropolitan area. ### Does the Franklin facility offer RV or boat parking? Yes. MyPlace lists 113 uncovered parking spaces for qualifying vehicles, boats, RVs, and trailers at the Franklin property, alongside traditional drive-up storage units designed for frequent access by contractors and households. ### How does MyPlace's Indiana footprint compare after the Franklin deal? After Franklin, MyPlace counts approximately 4,600 units and 496,000 net rentable square feet across Indiana, per its blog. That density supports centralized marketing and pricing similar to the four-property North Carolina batch it closed in October 2026. ### Why buy hybrid storage and commercial space in Johnson County? The asset mixes drive-up storage, vehicle income, and small commercial bays on one campus near Franklin College and I-65, giving MyPlace multiple revenue lines on a suburban Indianapolis corridor where household and contractor demand overlap. --- Cite as: David Cartolano, "MyPlace Self Storage Closes Franklin, Indiana, Buy as 79th U.S. Location on November 3, 2026," YourCAIO.co, 2026-11-05, https://www.yourcaio.co/news/myplace-franklin-indiana-79th-location-november-2026