Colliers Team Closes $4.3M Self Storage Deal in Cheyenne

The De Jong Self Storage Team at Colliers recently represented Lynwood Capital Partners in its $4,325,000 acquisition of a 358-unit self storage facility in Cheyenne, Wyoming. The sale closed on October 14, 2026, just 47 days after the parties signed the letter of intent. Dylan de Jong, Colin Phelan, and Tom de Jong handled the buy-side representation for David Hanson, Principal of Lynwood Capital Partners. The seller was KO Storage of Minnetonka, Minnesota. Located at 711 E. College Drive, the facility totals 45,103 rentable square feet and has 350 storage units, including 32 climate-controlled units totaling 2,125 square feet, along with seven parking spaces and an office. The property was 83.0% occupied at closing, and the purchase price equates to approximately $96 per rentable square foot. The facility now operates as StorageSense – Cheyenne.

Lynwood Capital Partners is acquiring self storage properties to build a portfolio, with the longer-term goal of selling the assembled portfolio. The firm targets properties with a value-add component, preferably through operational improvements such as rental rate management and better marketing. It also considers properties with excess land for future expansion. Hanson praised the team, saying, “You guys were the consummate experts, careful, deliberate, patient, directive as required, and vigilant during the transaction process. Really, really appreciate the guidance. Learned a ton.” Tom de Jong, Executive Vice President at Colliers, noted, “As institutional capital concentrates in the largest markets, it pushes other buyers into secondary and tertiary markets like Cheyenne, where they can still find a good return on their investment. Lynwood came to us with clear acquisition criteria. Our job was to find an asset that fit them, underwrite it carefully, and get it to the closing table.”

About half of the team’s transactions this year have involved representing buyers. The team recently formalized that work into a buyer representation service, pairing Tom de Jong with Dylan de Jong and Colin Phelan to source, screen, and underwrite self storage opportunities against each buyer’s acquisition criteria. The De Jong Self Storage Team at Colliers provides full-lifecycle brokerage and advisory for self storage owners, developers, and investors nationwide, from site selection and development through stabilized asset sales and buy-side representation. Led by Tom de Jong alongside his son Dylan de Jong and Colin Phelan, the team has closed more than $2 billion in self storage transactions across 32 states. For media inquiries, contact Janine Rodrigues at KeyCrew Media via [email protected].