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.

World Class Capital Group Acquires 5-Facility Portfolio from Self-Storage REIT

World Class Capital Group (WCCG), an Austin, Texas-based real estate investment firm, has purchased a five-property portfolio from an undisclosed publicly traded self-storage real estate investment trust (REIT). Four of the facilities are in Houston and one is in ...More
April 4, 2013
Posted in News, Real Estate
The Jenkins Organization Buys Self-Storage Facility in Mansfield, Texas

The Jenkins Organization Inc., a self-storage operator, developer and management company, has purchased Texas Best Self Storage in Mansfield, Texas. The 39,000-square-foot facility will be expanded to 79,000 square feet this spring. It will be renamed Mansfield Self ...More
April 3, 2013
Posted in News, Construction, Development, Real Estate
Understanding Capitalization Rates in Today's Self-Storage Market

While there’s a lot of information available about capitalization (cap) rates in the self-storage industry, it’s not always accurate, and it’s often found in generalizations. Self-storage investors and owners need a fundamental understanding of cap rates so they can ...More
March 31, 2013 By Ben Vestal
Posted in Articles, Real Estate
Self-Storage Draws Investment Interest as Alternative Commercial Real Estate Sector

Self-storage has emerged from the recession as a resilient, attractive and profitable alternative sector for commercial real estate developers and investors, according to this brief interview with Steve Mellon, managing director of Jones Lang LaSalle (JLL). JLL is a ...More
March 28, 2013
Posted in Videos, Development, Real Estate
Safeguard Self Storage Buys Property in Brooklyn, NY, for 65th Location

Safeguard Self Storage has purchased property in Brooklyn, N.Y., where the company intends to develop its 65th location. The facility will comprise 50,000 square feet in 786 units and offer security features and other amenities. The company currently has 20 self-storage ...More
March 28, 2013
Posted in News, Development, Real Estate
Amsdell Cos./Compass Self Storage Buys Philadelphia Facility

The Amsdell family of companies has acquired a self-storage facility in Philadelphia. The facility has more than 100,000 net rentable square feet and will be operated by Compass Self Storage LLC. ...More
March 27, 2013
Posted in News, Real Estate
Flying Peacock Family Trust Buys Self-Storage Facility in Bend, OR

Flying Peacock Family Trust has purchased A+ Storage, a 98-unit self-storage facility in Bend, Ore., from VSV LLC. The facility was built in 2004 and is located at 345 S.E. Cleveland Ave. ...More
March 26, 2013
Posted in News, Real Estate
The Jenkins Organization Buys Self-Storage Facility in Spring, Texas

The Jenkins Organization Inc., a self-storage operator and management company, has purchased Gosling Road Self Storage in Spring, Texas. The 60,000-square-foot facility will be expanded to 81,300 square feet this spring, company officials said. ...More
March 25, 2013
Posted in News, Construction, Development, Real Estate
Self-Storage Real Estate Investment Trust Public Storage Buys Arizona Facility for $7.2M

Public Storage Inc., a self-storage real estate investment trust, has purchased a facility from Vault Storage LLC in Surprise, Ariz., for $7.2 million. The deal for the 76,125-square-foot facility was brokered by Norman Herd of Empire Commercial Real Estate. ...More
March 22, 2013
Posted in News, Real Estate
Positioning Your Self-Storage Facility for Future Profit: Planning Today for Tomorrow's Sale

The self-storage investment market has returned to nearly all-time historic heights. This article explores ways self-storage owners can plan today to position themselves for increased profit when they sell their property in the future. ...More
March 19, 2013
Posted in Articles, Real Estate

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