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.

Hillsdale Self Storage in San Jose, Calif., Sold to Extra Space Storage for $4.8M

Hillsdale Self Storage in San Jose, Calif., sold for $4,850,000 to Extra Space Storage, a self-storage real estate investment trust. Located on Charter Park Drive, the multi-story facility has 33,318 net rentable square feet with 369 units. The facility was 95 percent ...More
August 31, 2012
Posted in News, Real Estate
U-Haul Purchases Self-Storage Facilities in Florida, Minnesota, Texas

The U-Haul Co. recently purchased three self-storage facilities comprising more than 150,430 square feet of net rentable storage space and more than 1,190 storage units. The properties are in Florida, Minnesota and Texas. No financial terms were disclosed. ...More
August 30, 2012
Posted in News, Real Estate
Self-Storage REIT CubeSmart Completes $560M, 22-Property Acquisition from Storage Deluxe

Self-storage real estate investment trust (REIT) CubeSmart has completed the second phase of its $560 million purchase of a 22-property portfolio from Storage Deluxe. ...More
August 24, 2012
Posted in News, Real Estate
World Class Capital Group Acquires 12-Property Portfolio From Sovran Self Storage

World Class Capital Group LLC, an Austin, Texas-based private investment and asset management firm, acquired a 12-property self-storage portfolio from Sovran Self Storage, a publicly traded real estate investment trust that operates under the Uncle Bob’s Self Storage brand. ...More
August 24, 2012
Posted in News, Real Estate
Strategic Storage Trust Buys 8 Self-Storage Facilities in the South for $25M

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust (REIT) investing in self-storage properties, has acquired eight facilities in Florida, Georgia and South Carolina for $25 million. ...More
August 23, 2012
Posted in News, Real Estate
Using Cost Segregation to Improve Self-Storage Cash Flow

Whether you acquired your self-storage facility after 1986, are planning to buy a facility, or are embarking on a building or replacement program, cost segregation should be part of your strategy to maximize cash flow. ...More
August 23, 2012
Posted in Articles, Finance, Real Estate
Capitol Self Storage in Tucson Sells to AMERCO for $1.7M

Capitol Self Storage in Tucson, Ariz., recently sold from Capitol Storage Properties to U-Haul parent company AMERCO Real Estate Co. for $1.7 million. ...More
August 21, 2012
Posted in News, Real Estate
StoreRight Self Storage Acquires Fifth Facility in Florida for $3.1M

StoreRight Self Storage is expanding its presences in the Florida self-storage market with the purchase of a fifth facility in Vero Beach for about $3.1 million. The seller was Vero Stow-A-Way LLC. ...More
August 21, 2012
Posted in News, Real Estate
Self-Storage Facilities in Ellenwood and Warner Robins, Ga., Change Hands

North Henry Self Storage in Ellenwood, Ga., and All-American Self Storage in Warner Robins, Ga., were recently sold in separate transactions. ...More
August 20, 2012
Posted in News, Real Estate
U-Haul Helps Revitalize Detroit With Self-Storage Conversion Project

National self-storage operator The U-Haul Co. recently purchased a former Nabisco building in Detroit’s New Center district, with plans to convert it into a self-storage facility. ...More
August 17, 2012
Posted in News, Development, Real Estate

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