The self-storage real estate market has drastically changed over the past decade. Owners and investors looking to acquire a self-storage facility need to understand the buying process including due diligence, capitalization (cap) rates, self-storage appraisals and methods for determining property value. Self-storage purchasers should keep up-to-date on new real estate acquisitions, project expansions and financial information. They may also find it helpful to work with a real estate broker who specializes in the field of buying and selling self-storage properties.
Bank-Owned Loxley Mini Storage in AL Sold for $375,000
Loxley Mini Storage in Loxley, Ala., sold March 31 to a local investor for $375,000. The facility was owned by Regions Bank. ...More
LifeStorage Acquires Self-Storage Facility in Mokena, Ill.
LifeStorage Centers LLC has acquired a self-storage facility in Mokena, Ill., bringing the company’s portfolio in the region to 17. ...More
U-Haul Co. of Central Georgia Purchases GA Self-Storage
The U-Haul Co. of Central Georgia is expanding its network of self-storage locations with the purchase of an existing facility in Lilburn, Ga. ...More
Commercial Real Estate Expert Presents Free Webinar on Interest Rates for Self-Storage Owners, Investors
On April 13, commercial real estate investment expert Peter Ingersoll will host a free webinar titled “Rent Growth Races Against Time Before Interest Rates Rise” for potential owners and investors of self-storage facilities. ...More
Alcatraz Storage of Indiana Sells Muncie Facility
Alcatraz Storage recently sold a self-storage facility in Muncie, Ind., for an undisclosed amount to Community Storage. ...More
A Storage Inn Acquires TN Self-Storage Facility for $4M
A Storage Inn of Nashville in Tennessee purchased a self-storage facility in Murfreesboro, Tenn., from Storage House LLC for $4.05 million. ...More
Storage Deluxe Closes $11.6M Deal to Purchase NY Self-Storage Facility
Storage Deluxe recently closed a $11.6 million financing deal for the purchase and development of a property in Brooklyn, N.Y. ...More
Real Estate Market Snapshot: Self-Storage in the Southeast States 2011
The self-storage real estate market is beginning to stabilize, and investors are once again seeking quality properties. To get answers to questions relevant to today’s facility owners, buyers and sellers, the author recently assembled a roundtable of real estate experts to ...More
Companies Borrow for 3 Recently Purchased Memphis Self-Storage Properties
Three limited liability companies affiliated with Gulfport, Miss.-based Tellus Equity GP have taken out $3.7 million in loans for three self-storage facilities they purchased in the Memphis area in July. ...More
Moore Self Storage in Pittsburgh Sold to Amsdell Cos.
The Amsdell family of companies recently acquired Moore Self Storage, a 646-unit facility in Pittsburgh for an undisclosed amount. ...More