Inside Self-Storage

Real Estate

The process of buying or selling a self-storage facility has become more rigorous as markets have become more competitive and changes in the economy impact property value. To know the accuracy of a self-storage appraisal, a self-storage owner should have a clear understanding of facility value and the effect of capitalization (cap) rates. A buyer should complete a comprehensive due-diligence process to know if an investment is financially sound.

Guardian Storage Solutions Buys 2 Self-Storage Facilities in the Pittsburgh-Metro Area

Guardian Storage Solutions, a self-storage operator in the Pittsburgh area, has acquired two facilities from The Lock Up Storage Centers of Pennsylvania that serve the areas of Cranberry and North Huntingdon Township. No financial terms were disclosed. ...More
November 13, 2012
Posted in News, Real Estate
Federal Capital Partners and Self Storage Zone to Convert Washington, DC, Building to Self-Storage

Federal Capital Partners, a real estate investment company, is partnering with Self Storage Zone, a self-storage operator with facilities in Maryland and Florida, to develop a three-story, 78,600-square-foot facility at 645 Taylor St. N.E. The projected cost of the ...More
November 13, 2012
Posted in News, Construction, Development, 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
Strategic Storage Trust Completes 16-Property Self-Storage Acquisition for $75M

Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust investing in self-storage, completed a three-phase acquisition of a 16-property portfolio in Florida, Georgia and South Carolina. The purchase represents more than 1.1 million square ...More
November 7, 2012
Posted in News, Real Estate
Self-Storage REIT Extra Space Storage Buys 28 Facilities for $190M

Extra Space Storage Inc., a self-storage real estate investment trust, has agreed to purchase 28 self-storage properties in multiple states for $190.2 million. The acquisitions will be made in two separate deals and expand the company’s portfolio by approximately 2.3 ...More
November 6, 2012
Posted in News, Real Estate
Treasure Island Storage Buys USPS Building in Queens for $6.55M

Treasure Island Storage, a self-storage operator with 10 facilities throughout New York City and New Jersey, has bought an 84,000-square-foot industrial building in Queens from the U.S. Postal Service. ...More
November 5, 2012
Posted in News, Real Estate
Self-Storage Real Estate and Financial Uncertainty: Perspectives for Facility Owners

In light of the turmoil and uncertainty our country is facing, a self-storage real estate broker offers thoughts on the industry market that provide perspective on buying, selling and refinancing. ...More
October 20, 2012 By Ben Vestal
Posted in Articles, Finance, Real Estate
Self-Storage Performance Attracting New Investors

The self-storage industry’s reputation as a recession-resistant asset class is attracting waves of new investors to the market, according to Doug McCarron, a managing director in the capital markets division of Jones Lang LaSalle (JLL), a financial and professional services ...More
October 19, 2012
Posted in News, Real Estate
U-Haul Purchases Four Self-Storage Facilities

The U-Haul Co. recently purchased four self-storage facilities comprising more than 131,025 square feet of net rentable space in more than 1,145 storage units and 50 RV-parking spaces. The facilities are in Arizona, Georgia, North Carolina and Wisconsin. No financial terms ...More
October 18, 2012
Posted in News, 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

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