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.


  • Westar Represents Seller of Triple S Self Storage
    Barry Comiskey and John Owens of Westar Commercial Realty represented the seller of Triple S Self Storage in Lubbock, Texas. The 40,600-square-foot facility was a redevelopment project situated on 5.8 acres. Comiskey and Owens are Argus Self Storage Sales Network broker ...More
    December 8, 2008 Posted in News, Real Estate
  • Self Storage Group Names VP
    James Vanco joined CB Richard Ellis' Self Storage Advisory Group as vice president, concentrating on seller/buyer investment representation of self-storage facilities nationwide. Vanco brings more than 29 years of experience in commercial real estate to the position, along ...More
    December 8, 2008 Posted in News, Finance, Real Estate
  • Marcus & Millichap Broker Facility Sales in Illinois
    Sean Delaney and Jesse Luke of Marcus & Millichap Real Estate Investment Services represented Herman & Kittle Properties in the purchase of two A American Self Storage facilities in Illinois. The first, a 38,325 square foot self-storage facility in New Lenox, was ...More
    December 5, 2008 Posted in News, Real Estate
  • Grubb & Ellis Broker Facility Sale for $9.6 Million
    William Warren Group acquired a self-storage facility in Ontario, Calif., from Lockaway Management for $9.6 million. The facility will operate under the StorQuest Self Storage name. The 80,000-square-foot storage site was built in 1961 and underwent renovations last year. ...More
    December 5, 2008 Posted in News, Real Estate
  • Strategic Storage Trust Buys U-Stor-It Facilities
    Strategic Storage Trust Inc. (SSTI) purchased properties in Biloxi, Miss., and Gulf Breeze, Fla., from U-Stor-It LP for $10.7 million. The property transaction brings more than 1,300 storage units and 146,000 rentable square feet of storage space into SSTI’s budding ...More
    December 4, 2008 Posted in News, Real Estate
  • Raia Self Storage Sells Five Facilities to Hampshire Real Estate
    Raia Self Storage finalized the sale of five self-storage facilities in New Jersey and New York to Hampshire Real Estate Cos. The facilities all have temperature and humidity control. The will operate under the name Hampshire Self Storage. For more information, ...More
    December 1, 2008 Posted in News, Real Estate
  • MJ Partners Sells StorageOne for $4.85 Million
    MJ Partners Self Storage Group sold StorageOne in Las Vegas for $4.85 million. The property consists of 54,355 square feet of rentable space and 466 units and 27 RV parking spaces. The facility will be renamed American Mini Storage. MJ Partners’ Marc A. Boorstein and ...More
    November 26, 2008 Posted in News, Real Estate
  • HFF Represents Hendry Investments in Sale of Portfolio
    HFF representedHendry Investments Inc. in the sale of its 21-property self-storage portfolio in San Antonio, Texas, to Buffalo, N.Y.-based Sovran Self Storage Inc. for $143.4 million. The 14,589-unit portfolio consists of 21 facilities in Colorado, Florida, Kentucky, Ohio ...More
    November 25, 2008 Posted in News, Real Estate
  • Riding Out the Highs and Lows of Self-Storage Real Estate
    In the self-storage industry, cap rates are up and prices are down. This article explains what this mean for investors. ...More
    November 25, 2008 Michael L. McCune Posted in Articles, Finance, Real Estate
  • Bancap Sells Hyer Quality Storage for $2.2 Million
    Bancap Self Storage Group Inc. sold Hyer Quality Storage in Lake Isabella, Calif., for $2.2 million. Jason Allen represented the seller and buyer. The single-story property features 232 units with nearly 37,000 rentable square feet plus 25 RV spaces. In addition, there is ...More
    November 24, 2008 Posted in News, Real Estate