Self-storage facility trades in Lubbock, TX

HOUSTON, Oct. 21, 2025 - JLL Capital Markets announced today that it has arranged the sale of Advantage Storage Lubbock, a seven-building self-storage facility totaling 540 units in Lubbock, Texas.

JLL represented the seller, Cross Heritage Storage, in the sale to Michael Postar's Affordable Storage.

Completed in 2018, Advantage Storage Lubbock offers 85,890 square feet of storage space and was 81% occupied at the time of sale. The Class A property also has an on-site customer service building, drive-up access, 24-hour video surveillance and climate-controlled units.

The property is situated on 7.67 acres at 314 N. Utica Drive just off Texas Route 289 in northwest Lubbock. The asset benefits from strong self-storage demand drivers, including its location near Texas Tech University in a densely populated community of Lubbock that has seen a 30% population increase since 2010. In addition, there is limited self-storage competition surrounding the property, which will continue to drive performance at the facility.

The JLL Capital Markets Self Storage team representing the seller was led by Senior Managing Directors Steve Mellon and Brian Somoza and Directors Adam Roossien and Matthew Wheeler.

"With a consistently expanding population, and a top-tier University that breaks its own enrollment records each year, the new owner will have an immediate opportunity to create value and realize significant revenue upside," said Mellon.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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