# Superior Capital Advisors Closed National Mini Storage in Wichita Falls for $475,000 on October 14, 2026

> The Southeast brokerage marketed 100 non-climate drive-up doors on 1.1 acres across three parcels, pitching RV and boat expansion paper to a high-net-worth entrant. The trade shows October deal flow still reaches far below REIT headline multiples.

- URL: https://www.yourcaio.co/news/superior-capital-national-mini-storage-wichita-falls-october-2026
- Published: 2026-10-26
- Author: David Cartolano (https://www.yourcaio.co/about)
- Category: Acquisitions
- Tags: Superior Capital Advisors, Wichita Falls, Texas, Secondary Markets, Drive-Up Storage
- Source: [Superior Capital Advisors](https://www.einpresswire.com/article/949633889/superior-capital-advisors-brokers-sale-of-national-mini-storage-in-wichita-falls-texas)

## Key Takeaways

- Superior Capital Advisors announced October 14, 2026, that National Mini Storage at 5300 Burkburnett Road, Wichita Falls, Texas, sold to an out-of-state, first-time self-storage buyer after multiple offers.
- The facility totals 11,150 rentable square feet in 100 drive-up, non-climate-controlled units on approximately 1.1 acres across three parcels, with two offices and expansion land suited to RV or boat storage, per the brokerage release.
- The asset was marketed at $475,000, or about $43 per rentable square foot and $4,750 per unit, on Superior Capital's listing materials cited by CREOP.
- Brokers Kenneth DeVaul and Michael Morrison reported a 45-day closing after working through several due diligence challenges, per the October 14 EIN Presswire announcement.
- Inside Self-Storage's October 2026 acquisitions roundup and List Self Storage's October 15–19 transaction digest both logged the Wichita Falls closing in the same week as larger REIT and portfolio trades.

**Superior Capital Advisors** sold **National Mini Storage** at **5300 Burkburnett Road** in **Wichita Falls, Texas**, in a transaction announced **October 14, 2026**, marketing **11,150 rentable square feet** and **100 drive-up units** at **$475,000** (about **$43** per square foot). An **out-of-state, first-time self-storage buyer** won a **multi-offer** process that closed in **45 days**, per broker **Kenneth DeVaul**.

The deal shares an October calendar with [Marcus & Millichap's Fortress Storage coastal Texas portfolio](https://www.yourcaio.co/news/marcus-millichap-fortress-storage-coastal-texas-october-2026) and [Cityvarasto's 14,800-square-metre Helsinki land grab](https://www.yourcaio.co/news/cityvarasto-helsinki-makelankatu-acquisition-october-2026). Capital is active at every price point even while [Storable's Q3 Pulse](https://www.yourcaio.co/news/storable-q3-2026-industry-pulse-retention-october-2026) shows national occupancy pressure on smaller operators.

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## What Did the Buyer Acquire on Burkburnett Road?

National Mini Storage is a **non-climate-controlled**, **drive-up** facility with **two offices** and open parking areas on roughly **1.1 acres** split across **three parcels**. Superior Capital pitched **RV and boat storage** expansion on excess land.

| National Mini Storage (per Superior Capital, Oct. 2026) | Detail |
|-----------------------------------------------------------|--------|
| Address | 5300 Burkburnett Road, Wichita Falls, TX 76306 |
| Units | 100 drive-up, non-climate |
| Rentable SF | 11,150 |
| Land | ~1.1 acres, 3 parcels |
| List price | $475,000 (~$43 PSF) |
| Close timeline | 45 days |

List Self Storage's **October 15–19, 2026** roundup logged the sale alongside StorTrack market context: Wichita Falls shows **14.53** square feet per capita and **32** stores in the snapshot attached to the listing digest.

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## Why Are Brokers Still Running Competitive Processes Below $500,000?

Superior Capital said it maintained a **years-long seller relationship**, then ran targeted outreach that produced **multiple offers**, including **out-of-state** bidders. That is not a distressed fire sale narrative. It is a **liquidity** story for mom-and-pop owners ready to exit at realistic cap rates.

> "We ultimately secured an out-of-state, first-time self storage buyer and worked through several due diligence challenges to successfully close this transaction in just 45 days."

- **Kenneth DeVaul, Self Storage Investment Broker, Superior Capital Advisors** (October 14, 2026)

Michael Morrison added that demand remains **resilient** and the facility is positioned for the next owner to build on a long operating history. For comparison, [Public Storage's Storage Doctor Lexington CO sale](https://www.yourcaio.co/news/public-storage-storage-doctor-lexington-8-45-million-certificate-occupancy-october-2026) sat at the institutional opposite end of Superior's own October closings list.

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## What Should First-Time Buyers Underwrite on Small Texas Assets?

Three underwriting lines matter on Burkburnett Road:

1. **Rate lift vs. occupancy.** StorTrack's October snapshot shows **online non-climate** near **$0.57/SF** and **walk-in non-climate** near **$0.62/SF** in the market view List Self Storage attached. Small assets live or die on **street execution**, not portfolio averages.
2. **Land optionality.** Three parcels on **1.1 acres** give a first-time owner **RV/boat** income without a ground-up permit fight, if zoning and coverage allow.
3. **Capital stack simplicity.** At **$475,000**, all-cash or community-bank debt avoids the CMBS friction [Yardi Matrix highlighted in October CMBS occupancy data](https://www.yourcaio.co/news/yardi-matrix-cmbs-occupancy-claude-connector-october-2026).

Operators scaling past one asset should study how [Storage Star's platform buys](https://www.yourcaio.co/news/storage-star-augusta-georgia-three-property-acquisition-august-2026) wire **AI call handling** on day one. A Wichita Falls buyer may still answer phones manually on day one.

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## How Does Wichita Falls Fit October Texas Transaction Volume?

Inside Self-Storage's **October 2026** acquisitions column grouped National Mini Storage with **Andover's Pinehurst, Texas, Storage King buy** and **Fortress's coastal portfolio**. Texas is seeing both **platform expansion** and **single-asset liquidity**.

[Andover Properties' Heitman joint venture](https://www.yourcaio.co/news/andover-properties-heitman-106-property-joint-venture-october-2026) chases **106 properties** across **16 states**. National Mini Storage chases **100 doors** on a highway frontage pad. Same state, different risk buckets.

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## The Numbers Worth Writing Down

- **$475,000:** marketed price (~$43 PSF, ~$4,750/unit)
- **11,150 RSF:** rentable area; **100** drive-up units
- **1.1 acres:** across **three** parcels
- **45 days:** reported closing timeline
- **October 14, 2026:** Superior Capital announcement date
- **14.53 sq ft/capita:** StorTrack snapshot (List Self Storage roundup)

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## Small Deals Still Clear When Brokers Run Real Processes

National Mini Storage will never trend on REIT earnings slides. It **did** clear because Superior Capital treated a **$475,000** asset like institutional product: exclusive representation, **multi-offer** tension, and a buyer pool that stretched beyond Wichita Falls.

That is the October 2026 acquisition market in one sentence: [Fortress portfolios](https://www.yourcaio.co/news/marcus-millichap-fortress-storage-coastal-texas-october-2026) at one end, **first-time owner** drive-up trades at the other, both closing while [national advertised rates](https://www.yourcaio.co/news/yardi-matrix-october-2026-advertised-rates-1-8-percent-september-2026) stay negative year over year.

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## Sources

- [Superior Capital Advisors Brokers Sale of National Mini Storage in Wichita Falls, Texas](https://www.einpresswire.com/article/949633889/superior-capital-advisors-brokers-sale-of-national-mini-storage-in-wichita-falls-texas), EIN Presswire, October 14, 2026
- [Weekly Self Storage Transaction Roundup: 10/15/26 – 10/19/26](https://listselfstorage.com/us/industry-insights/weekly-self-storage-transaction-roundup-10-15-26-10-19-26/), List Self Storage, October 21, 2026
- [Self-Storage Real Estate Acquisitions and Sales: October 2026](https://www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-october-2026), Inside Self-Storage, October 20, 2026
- [National Mini Storage listing](https://creop.com/listing/50773/), CREOP / Superior Capital Advisors

## Frequently Asked Questions

### What was the sale price for National Mini Storage in Wichita Falls?

Superior Capital Advisors marketed the property at $475,000, equal to about $43 per rentable square foot on 11,150 RSF and roughly $4,750 per unit on 100 drive-up doors, per listing data cited by CREOP. The October 14, 2026 release confirms a competitive sale to an unnamed high-net-worth buyer but does not restate the final recorded price.

### Who brokered the National Mini Storage Wichita Falls sale?

Kenneth DeVaul and Michael Morrison at Superior Capital Advisors held the exclusive listing and procured the buyer, per the October 14, 2026 announcement. Morrison is broker-in-charge for the Southeast-focused self-storage investment sales firm.

### What upside did Superior Capital pitch on the Wichita Falls asset?

The release highlights operational efficiency gains, rental rate adjustments, and expansion potential on 1.1 acres spanning three parcels. Marketing materials cite Burkburnett Road visibility near U.S. Highway 287 and Interstate 44, plus demand anchors such as Sheppard Air Force Base and United Regional Health Care System.

### How fast did the Wichita Falls storage deal close?

Superior Capital reported closing in 45 days after a multi-offer process that included out-of-state bidders. Kenneth DeVaul said the team worked through several due diligence challenges to finish on that timeline, per the October 14, 2026 release.

### How does this trade compare to October 2026 Texas portfolio sales?

The same month, Marcus & Millichap closed the two-property Fortress Storage portfolio in Rockport and Victoria, Texas, per SSA Magazine's October 23 deals list. National Mini Storage is the sub-$500,000 end of Texas liquidity: first-time buyers still entering through drive-up assets with land optionality.

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Cite as: David Cartolano, "Superior Capital Advisors Closed National Mini Storage in Wichita Falls for $475,000 on October 14, 2026," YourCAIO.co, 2026-10-26, https://www.yourcaio.co/news/superior-capital-national-mini-storage-wichita-falls-october-2026