The development of a self-storage facility generally begins with a comprehensive market analysis of the proposed project area. New owners and/or developers will usually hire a third-party specialist to conduct a detailed feasibility study, which will identify market demographics and other key metrics to determine the viability of self-storage in a particular location. Once a site is chosen, an engineer and architect are hired to design a self-storage facility that will maximize the investment in the land, including the site layout and unit mix. The developer, builder and/or owner may need to meet with local residents and the planning and zoning board to discuss the community impact of the project and the aesthetics of the individual buildings, including landscaping, building height, door color, etc. Owners might consider a multi-story building to maximize their footprint, or converting a building from another use to self-storage to widen their options.
Self-Storage Portfolio Matures for South African Developer Acucap Properties
The self-storage portfolio held by South African commercial real estate developer Acucap Properties has grown to the point where company officials said it may be appropriate to list its self-storage assets separately from the rest of its portfolio. Last June, Acucap entered ...More
TI Storage to Build Self-Storage Facility in Manhattan, NY
Self-storage operator TI Storage has acquired a 36,000-square-foot parking lot in Manhattan, N.Y., on which it plans to develop a self-storage facility. The empty lot, 122 W. 146th St., is located just off Franklin D. Roosevelt East River Drive. ...More
Zoning Commission Recommends Against Self-Storage Proposal in Mason City, Iowa
A rezoning request to build a self-storage facility on four lots in the Stone Pillar neighborhood of Mason City, Iowa, was unanimously rejected this week by the planning and zoning commission. The recommendation to deny the request agreed with the conclusion of city staff ...More
Self-Storage Retrofit Opens in Key West, FL
A vacant warehouse in Key West, Fla., that formerly housed a beer distributorship has been converted into a self-storage facility featuring 501 units. Choice Storage Center, which opened in late March, was repurposed from the Silver Eagle beer-distribution center on N. ...More
Milt’s Mini Storage Develops New Self-Storage Facility in Omaha, NE
Self-storage operator Milt’s Mini Storage is developing its 11th facility in the Omaha, Neb., market. Construction will begin in late July. ...More
Self-Storage Design Study: Working With Small Land Parcels, by Mako Steel Inc.
Situated on a skinny parcel of just 1 acre, West Coast Self Storage in Costa Mesa, Calif., needed serious pizzazz to gain notice in the crowded neighborhood. ...More
Self-Storage Design Study Using Complex Materials, by Capco Steel Inc.
A-AAAKey Mini Storage No. 43 in San Antonio features a complex melding of colors, textures and materials to create an eye-catching exterior appearance. Capco Steel Inc., a steel supplier and erector of metal buildings, RV and boat storage, provided the steel, panels and ...More
City Council Rejects Proposed Self-Storage Facility in Chippewa Falls, WI
A proposed self-storage facility in Chippewa Falls, Wis., was rejected this week by the city council. The developers asked for an empty block along Dutchman Drive to be rezoned from multi-family units to commercial property, but the council denied the special-use permit ...More
Kutztown, PA, Gets Its First Self-Storage Facility
Kutztown Self Storage celebrated its grand opening May 10, becoming the first self-storage facility to open in the borough of Kutztown, Pa. ...More
City Denies Menards Self Storage Conversion Project in Janesville, WI
The Janesville, Wis., planning commission denied Menards Self Storage’s request for a conditional use permit to convert its former retail building into a self-storage facility. The commission rejected the proposal by a 5-1 vote. ...More