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Reno-area self-storage facility sells during lease-up

New storage property in Sparks, Nevada, trades at wide capitalization rate
The self-storage facility in Sparks was completed in 2025 and was in lease-up at the time of sale. (CoStar)
The self-storage facility in Sparks was completed in 2025 and was in lease-up at the time of sale. (CoStar)
By Conor Kavanagh with
CoStar Research
May 1, 2026 | 9:25 P.M.

Baranof Holdings acquired a newly built self-storage facility at 1470 Disc Drive in Sparks, Nevada, from a private individual for $8.4 million, or $118 per net rentable square foot.

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