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.
Uncle Bob’s Self Storage Receives Approval for $1.5 Facility in Jacksonville, Fla.
PAR Builders II Inc. received a building permit this week from the city of Jacksonville, Fla., to build a $1.5 million Uncle Bob’s Self Storage. ...More
Extra Space Storage in Florida Receives Award for Excellence in Development
The Extra Space Storage location in the Coconut Point area of in Estero, Fla., received the 2011 David Graham Award for Excellence in Development. The award was presented on April 7 at the Southwest Florida Urban Land Institute program by the Estero Community Planning Panel ...More
Self-Storage, Mini-Mall Mixed-Use Development Hosts Grand Opening in Meridian, Miss.
A mixed-use development project in Meridian, Miss., that includes an attached self-storage facility celebrated its grand opening March 30. ...More
4 Benefits of Building Commercial Real Estate in a Bad Economy
There are many benefits of building in a bad economy, which can present unique opportunities. The key is knowing what to look for and maintaining a forward-thinking “visionary” mentality. ...More
South African Self-Storage Operator Stor-Age Will Build Bloemfontein Facility
South African self-storage operator Stor-Age will develop a new purpose-built self-storage facility in Bloemfontein in the Free State. Bloemfontein is one of South Africa's three capital cities and is in the central part of the country. ...More
Public Hearing Set for Proposed Self-Storage Development in Oregon
The planning commission in Beaverton, Ore., will make a decision about a proposed self-storage development at a public hearing Wednesday. ...More
Strategic Storage Trust Buys Industrial CA Property, Plans to Redevelop Into Self-Storage
Strategic Storage Trust Inc. recently acquired an industrial building in Mississauga, Ontario, Canada, for about $5.6 million, with the intent to redevelop it into self-storage. ...More
Planning Board Approves FL Self-Storage Facility
The Manatee County Planning Board will recommend to county commissioners to approve an Xpress Storage self-storage facility as part of a plan to build 1,600 new homes in a subdivision. ...More
Birmingham 'Big Box' Building Converted Into iStore Self-Storage
A 54,000-square-foot Bruno’s grocery store in Birmingham, Ala., was recently converted into an iStore self-storage facility. iStore partners and retail real estate veterans Hugo Isom, Gary Pharo, Will Akin and Greg Hess are focused on creative ways to re-use obsolete “big ...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