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.


  • Argus Brokers Repesent Seller of Pembine Mini Storage
    Argus Self Storage Sales Network broker affiliates Peter Hitler and Chris Hitlerrepresented the seller of Pembine Mini Storage in Pembine, Wis. The facility, which has 11,000 rentable square feet on 2.6 acres of land, sold at a 10.2 percent cap rate. Broker affiliates ...More
    November 12, 2008 Posted in News, Real Estate
  • Marcus & Millichap Appoints Director
    Marcus & Millichap Real Estate Investment Services named Mark Villanueva director of the firm’s National Self-Storage Group in Austin, Texas. Villanueva joined the company in 2005 and was promoted to associate a year later. Currently serving as a senior associate, ...More
    November 12, 2008 Posted in News, Real Estate
  • Equity Based Services Refinances Texas Facility
    Equity Based Services Inc. (EBS) announced an equity recapitalization of its AMS IV self-storage facility in Austin, Texas. The property was originally financed by a large European Bank and was refinanced with a regional Midwestern lender. The loan is a three-year note with ...More
    November 12, 2008 Posted in News, Real Estate
  • Today's Self-Storage Refinancing Playbook
    It’s the peak of football season. Each weekend, we see coaches analyzing down situations, pondering options, whispering into headset microphones and calling in plays.Deciding whether to refinance your self-storage property is not much different. You must size up the ...More
    November 11, 2008 Neal Gussis Posted in Articles, Finance, Real Estate
  • MJ Partners Brokers Sale of Green Bay Storage
    MJ Partners Self Storage Group brokered the sale of Green Bay Avenue Self Storage in Milwaukee, Wis., for $6.5 million to California-based Crescendo Properties Inc. The single-story facility consists of 72,210 square feet of rentable space with 568 units. Marc A. Boorstein ...More
    November 7, 2008 Posted in News, Real Estate
  • Lee & Associates Represents Sellers in California Transactions
    Self Storage Depot in Moreno Valley Ranch, Calif., sold for $7.55 million. The facility is comprised of 117,000 net rentable square feet of storage space and 850 units. The buyer, SecurCare, a privately held real estate corporation in Lone Tree, Colo., operates in ...More
    November 4, 2008 Posted in News, Real Estate
  • Storage Opportunity Partners Acquires Secure Self Storage
    Storage Opportunity Partners LLC (StorageOp) acquired Secure Self Storage in New Bedford, Mass. Built in 2003, the facility consists of 11 single-story storage buildings totaling 71,025 rentable square feet and 517 storage units. Twenty-five percent of the rentable area is ...More
    November 3, 2008 Posted in News, Real Estate
  • Bancap Self Storage Sells American National Mini Storage
    Bancap Self Storage Group Inc. sold American National Mini Storage in Orland, Calif., for $1.7 million. Jason Allen represented the seller in the transaction. The single-story property features 313 self storage units with nearly 43,900 rentable square feet, plus 25 RV ...More
    November 3, 2008 Posted in News, Real Estate
  • Glossary of Self-Storage Financial Terms
    This comprehensive glossary of terms will help increase readers’ understanding of the finances involved in the self-storage and other industries. ...More
    November 3, 2008 Posted in Articles, Finance, Real Estate
  • The State of Self-Storage Financing: 2008-2009
    In the upcoming year, self-storage borrowers can expect tighter loan criteria and fewer lenders, but financing is still available. ...More
    November 1, 2008 David Smyle Posted in Articles, Finance, Real Estate