Inside Self-Storage

Marcus & Millichap

Self-Storage Facility in Rockford, IL, Becomes Second Red Dot Storage Location

A-1 Sandy Hollow U-Storage in Rockford, Ill., was recently sold to Red Dot Storage I LLC for $648,000. The 25,560-square-foot facility at 5750 Sandy Hollow Road will be rebranded as Red Dot Storage. ...More
2 weeks ago
Posted in News, Real Estate
Oxford Storage in Fern Park, FL, Sells for $2.2M

Oxford Storage, a 46,750-square-foot self-storage facility in Fern Park, Fla., was recently purchased by an undisclosed, Michigan-based limited liability company for $2.2 million. Located at 230 Oxford Road, the facility was built in 1999 on 4.06 acres. It contains 420 ...More
April 12, 2013
Posted in News, Real Estate
Self-Storage Operator Five Star Partners Buys Michigan Facility for $7.7M

Five Star Partners LLC, a Cleveland-based self-storage operator, has purchased SafeLock Self Storage in Lodi Township, Mich., from Airey Storage Group LLC for $7.7 million. The property features two buildings comprising 128,650 square feet of rentable space. The facility is ...More
March 14, 2013
Posted in News, Real Estate
Self-Storage Real Estate and Performance Trends 2012-2013: Occupancy, Rates and Sales

Both good news and bad bolstered the self-storage industry in 2012, and positive trends are in the works for real estate and investing in 2013. This article provides a summary of last year's performance and predictions for the year ahead. ...More
January 30, 2013
Posted in Articles, Real Estate
Sovran Self Storage Buys Multi-Story Facility in Greater Chicago

Real estate investment trust Sovran Self Storage Inc. has purchased Icon Secure Storage in Aurora, Ill., near Chicago. The three-story facility comprises 71,824 square feet in 768 units. The acquisition was made by Sovran Acquisition LP, and the facility will be rebranded ...More
January 23, 2013
Posted in News, Real Estate
Marcus & Millichap Names Associate Director for National Self-Storage Group

Brett Hatcher, a senior associate and self-storage specialist with Marcus & Millichap Real Estate Investment Services, has been named associate director of the company’s National Self-Storage Group (NSSG). The NSSG assists self-storage investors and owners by matching ...More
January 17, 2013
Posted in News, Real Estate
W. P. Carey Buys 4 Texas Self-Storage Facilities for $33M

Real estate investment trust (REIT) W. P. Carey Inc. has acquired four self-storage facilities in Midland and Odessa, Texas for approximately $33 million. The purchase was made through CPA: 17 Global, one of W.P. Carey’s publicly held, non-traded REIT affiliates. ...More
December 20, 2012
Posted in News, Real Estate
Is Self-Storage Now a Consolidation Nation? Real Estate Experts Discuss the Acquisition Trend

In recent years, ground-up development of new self-storage facilities has given way to industry consolidation, with the real estate investment trusts (REITs) and larger, private companies leading the charge. Self-storage real estate experts discuss the trend and what it ...More
November 11, 2012
Posted in Articles, Development, Real Estate
Hanover Holdings Buys US 41 Self Storage in North Fort Myers, Fla.

Hanover Holdings Ltd. recently purchased US 41 Self Storage in North Fort Myers, Fla., from SunTrust Banks Inc. for $3.2 million. ...More
October 18, 2012
Posted in News, Real Estate
Real Estate Experts Say New Jersey Self-Storage Market Shows Signs of Growth

Commercial real estate brokers in New Jersey say improvements in the multi-family housing and multi-tenant retail markets have buoyed investor interest in the self-storage market and poised the industry for local growth. ...More
October 4, 2012
Posted in News, Development, Real Estate

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