# NSA's Final Self-Storage Buy: A+ Self Storage in Woodburn, Oregon Sold for $9.5 Million on July 11, 2026 > A 555-unit Woodburn, Oregon self-storage facility sold for $9.5 million in July 2026 after Marcus & Millichap fielded competing all-cash offers from REITs and private equity. The buyer's broker framed the deal as a final tuck-in before Public Storage absorbs the acquiring REIT in the $10.5 billion NSA merger. - URL: https://www.yourcaio.co/news/nsa-woodburn-a-plus-self-storage-9-5-million-final-acquisition-july-2026 - Published: 2026-07-13 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Tags: National Storage Affiliates, Woodburn Oregon, Marcus & Millichap, Pacific Northwest, REIT Acquisition - Source: [Marcus & Millichap / Herald Pioneer](https://heraldpioneer.com/2026/07/11/woodburn-storage-facility-sold-for-9-5-million/) ## Key Takeaways - A+ Self Storage in Woodburn, Oregon sold for $9.5 million on July 11, 2026, per Marcus & Millichap coverage in the Herald Pioneer and Woodburn Independent. - The 555-unit facility at 2200 N. Pacific Hwy sits on 4.21 acres and was built in 1989 with 103 heated units and 448 non-climate-controlled units. - Marcus & Millichap received multiple all-cash offers from private equity groups and real estate investment trusts before selecting a REIT buyer. - Broker Tasso Douglas said the transaction was one of the buyer's final self-storage acquisitions before that REIT was acquired by the nation's largest self-storage operator, Public Storage. - The implied price works out to roughly $17,117 per unit and $2.26 million per acre, a Pacific Northwest comp as NSA shareholders vote July 14 on the $10.5 billion Public Storage merger. A+ Self Storage in Woodburn, Oregon sold for $9.5 million on July 11, 2026, after Marcus & Millichap fielded multiple all-cash offers from real estate investment trusts and private equity groups, per the Herald Pioneer. The 555-unit facility at 2200 N. Pacific Hwy drew competing institutional bids in a Pacific Northwest market brokers still describe as fundamentally strong, even as national street rates softened in July. The buyer is a REIT. Marcus & Millichap's release frames the transaction as one of that buyer's final self-storage acquisitions before the buyer itself is acquired by Public Storage, the nation's largest self-storage operator. In July 2026 context, that description points to National Storage Affiliates Trust completing one last tuck-in days before [shareholders vote July 14 on the $10.5 billion merger](https://www.yourcaio.co/news/nsa-supplemental-merger-disclosures-july-14-vote-2026). --- ## What Did Marcus & Millichap Sell in Woodburn? The asset is a stabilized 1989 vintage property on 4.21 acres along the North Pacific Highway corridor: | Detail | Figure | |--------|--------| | Sale price | $9.5 million | | Total units | 555 | | Heated units | 103 | | Non-climate units | 448 | | Site size | 4.21 acres | | Year built | 1989 | | Implied price per unit | ~$17,117 | The mix skews non-climate (81% of rentable inventory), typical for older Oregon highway-front product where heated units command a premium but do not dominate the unit count. The new owner plans to rebrand the facility post-close, a standard REIT playbook when absorbing local operator branding. Marcus & Millichap's Palo Alto and Columbus investment teams, with Oregon broker of record David Tabata, held the exclusive listing and procured the buyer. --- ## Why Did REITs Compete for a 37-Year-Old Oregon Asset? Pacific Northwest self-storage has held up better than Sun Belt markets absorbing 2023-2025 delivery waves. [Yardi Matrix's July 2026 national print](https://www.yourcaio.co/news/yardi-matrix-july-2026-street-rates-occupancy-softening-2026) shows street rates falling 2.4% month-over-month nationally, but brokers still pitch the Northwest on scarcity and household stability rather than migration-driven demand spikes. > Investors continue to compete for well-located self-storage facilities across the Pacific Northwest because the market fundamentals remain strong. We received multiple all-cash offers from both private equity groups and real estate investment trusts, demonstrating the broad appeal of this asset. The new owner plans to rebrand the facility following the acquisition. - **Tasso Douglas, Senior Director Investments, Marcus & Millichap** All-cash competition from both REITs and private equity in July 2026 is the signal. Sellers are not accepting contingent financing. Buyers are underwriting stabilized cash flow, not value-add lease-up stories. A 1989 build with 555 units is not a development play. It is a yield-and-scale tuck-in for a platform buyer filling out a portfolio before a transformational merger. --- ## How Does Woodburn Fit the NSA-to-Public Storage Timeline? The acquisition calendar around the mega-merger has been active all year. [Public Storage priced $900 million of senior notes on July 9, 2026](https://www.yourcaio.co/news/public-storage-900-million-senior-notes-nsa-july-2026) to help fund integration costs. NSA declared a pro-rata cash dividend of $0.0336 per share on July 10 and targeted a July 22 close after the July 14 shareholder vote. NSA's Q1 2026 earnings release documented continued deal activity: one wholly owned acquisition for approximately $10.4 million (roughly 47,000 rentable square feet and 500 units) and three dispositions totaling about $20.6 million. The Woodburn trade is smaller at $9.5 million but matches the same tuck-in profile: single-asset, institutional buyer, highway visibility. Woodburn is not a headline number in a $10.5 billion enterprise-value transaction. It is the kind of asset that explains how NSA reached 1,061 properties and 69.3 million rentable square feet before Public Storage absorbed the platform. Small deals compound. --- ## What Should Operators Read From the Pacific Northwest Bid Depth? Three lessons for independent sellers and buyers watching July 2026: **All-cash is the bid standard.** Marcus & Millichap emphasized competing all-cash offers. In a [Trepp CMBS environment where nearly 30% of self-storage balances sit on watchlists](https://www.yourcaio.co/news/trepp-self-storage-cmbs-watchlist-30-percent-july-2026), lenders are selective. Cash buyers win marginal assets. **REITs still buy on the way to consolidation.** The Woodburn buyer was not sitting on the sidelines waiting for the PSA-NSA vote. Platform buyers keep deploying until the closing binder is signed. **Rebranding follows institutional acquisition.** Local A+ branding will likely disappear. Operators competing against incoming REIT management should expect centralized pricing, digital leasing, and standardized insurance products within 12-18 months of close. --- ## The Numbers Worth Writing Down - **Sale price:** $9.5 million (reported July 11, 2026) - **Units:** 555 (103 heated, 448 non-climate) - **Site:** 4.21 acres at 2200 N. Pacific Hwy, Woodburn, OR - **Year built:** 1989 - **Price per unit:** ~$17,117 - **Bid competition:** Multiple all-cash REIT and private-equity offers - **Merger context:** NSA shareholder vote July 14, 2026; targeted PSA close July 22, 2026 --- ## Small Deals Still Move the Consolidation Clock The self-storage industry's 2026 story is dominated by billion-dollar REIT mergers and [Storage Star's 60-property Q2 acquisition burst](https://www.yourcaio.co/news/storage-star-60-self-storage-acquisitions-q2-2026). Woodburn is the counterweight: a $9.5 million highway asset that still attracted institutional bidding because platforms need units, not just headlines. When the Woodburn buyer rebrands and pushes rates through a centralized revenue system, the competitive set for every independent operator within a five-mile radius changes. That is how consolidation reaches Main Street, one $9.5 million deed at a time. --- ## Sources - [Woodburn storage facility sold for $9.5 million](https://heraldpioneer.com/2026/07/11/woodburn-storage-facility-sold-for-9-5-million/), Herald Pioneer - [Woodburn storage facility sold for $9.5 million](https://woodburnindependent.com/2026/07/11/woodburn-storage-facility-sold-for-9-5-million/), Woodburn Independent - [NSA Supplemental Merger Disclosures July 14 Vote](https://www.yourcaio.co/news/nsa-supplemental-merger-disclosures-july-14-vote-2026), YourCAIO - [Public Storage $900 Million Senior Notes July 2026](https://www.yourcaio.co/news/public-storage-900-million-senior-notes-nsa-july-2026), YourCAIO - [National Storage Affiliates Trust Reports First Quarter 2026 Results](https://www.businesswire.com/news/home/20260505663394/en/National-Storage-Affiliates-Trust-Reports-First-Quarter-2026-Results), Business Wire ## Frequently Asked Questions ### How much did A+ Self Storage in Woodburn, Oregon sell for in July 2026? A+ Self Storage sold for $9.5 million in a transaction reported July 11, 2026, by Marcus & Millichap through the Herald Pioneer and Woodburn Independent. The 555-unit facility at 2200 N. Pacific Hwy drew multiple all-cash offers before closing to a real estate investment trust buyer. ### Who bought the Woodburn A+ Self Storage facility? Marcus & Millichap procured a real estate investment trust as the buyer but did not name the REIT in public coverage. Broker commentary described the deal as among the buyer's final self-storage acquisitions before Public Storage's acquisition of National Storage Affiliates, implying NSA as the acquirer. ### What are the specs on the Woodburn A+ Self Storage property? The property spans 4.21 acres at 2200 N. Pacific Hwy in Woodburn, Oregon. Built in 1989, it contains 555 self-storage units: 103 heated units, 448 non-climate-controlled units, three company units, and one office, per Marcus & Millichap's July 2026 listing summary. ### Why does the Woodburn sale matter for the Public Storage-NSA merger? The Woodburn closing lands days before NSA's July 14, 2026 shareholder vote on Public Storage's $10.5 billion acquisition. Broker language framing the deal as a final tuck-in before the nation's largest operator absorbs the buyer shows NSA still deploying capital on the way to the merger close targeted for July 22, 2026. ### What did Marcus & Millichap say about Pacific Northwest self-storage demand? Senior Director Tasso Douglas said investors continue to compete for well-located Pacific Northwest self-storage because market fundamentals remain strong. The Woodburn listing attracted multiple all-cash REIT and private-equity bids, and the new owner plans to rebrand the facility after acquisition. --- Cite as: David Cartolano, "NSA's Final Self-Storage Buy: A+ Self Storage in Woodburn, Oregon Sold for $9.5 Million on July 11, 2026," YourCAIO.co, 2026-07-13, https://www.yourcaio.co/news/nsa-woodburn-a-plus-self-storage-9-5-million-final-acquisition-july-2026