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.
Papermill Self Storage in Tennessee Sells for $2M
Papermill Self Storage, a 55,067-square foot self-storage facility in Knoxville, Tenn., sold for just over $2 million. ...More
U-Haul of Western Florida Expands Operations With Self-Storage Purchase
The U-Haul Company of Western Florida has expanded its network of self-storage locations with its purchase of North Port Self Storage in North Port, Fla. ...More
Commercial Real Estate Market Addressed on CNBC 'The Call' by Marcus & Millichap CEO
Harvey E. Green, president and CEO of Marcus & Millichap Real Estate Investment Services, was featured on CNBC television program “The Call" on May 18, discussing the state of the commercial real estate market, investment opportunities by sector, and geographic ...More
AMERCO Buys Landmark Oakland Structure for U-Haul Self-Storage Operations
AMERCO Real Estate expanded its U-Haul network of self-storage locations with its purchase of a landmark structure in Oakland, Calif., built in the 1940s. ...More
Strategic Storage Trust Purchases Third Facility in New Jersey
Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust targeting the self-storage market, acquired an 820-unit self-storage facility in Riverdale, N.J. It is the company’s third self-storage property in the state. ...More
Smaller Self-Storage Operators: 'Too Small to Fail' in a Tight Economy?
The smaller self-storage operator is under more pressure to survive than ever before. However, it’s possible the small operator is in a unique position to actually take advantage of its size and achieve success?that, in fact, smaller self-storage operators may just be “too ...More
Davies Joins Belgravia Capital in Providing Self-Storage Finance Services
Self-storage finance expert Jim Davies, with more than 28 years of commercial and self-storage lending experience as a direct lender and structured finance advisor, has joined former executives of Belgravia Capital and Buchanan Street Partners to provide Belgravia clients ...More
Space Plus of Boynton Beach Faces Possible Foreclosure
Space Plus self-storage of Boynton Beach, Fla., could be foreclosed on and seized by a commercial mortgage-backed securities (CMBS) fund. ...More
Marcus & Millichap CEO Discusses Real Estate Improvement on 'Fox Business'
Harvey E. Green, president and CEO of Marcus & Millichap Real Estate Investment Services, was featured on "Fox Business" on April 30, discussing signs of improvement in commercial real estate fundamentals and real estate sales activity. ...More
Rein & Grossoehme Sells Two Phoenix-Area Self-Storage Properties
Bill Alter, of Rein & Grossoehme Commercial Real Estate, negotiated the sale of two Lock-it-Lockers self-storage properties in Arizona for a combined price of $3.5 million. ...More