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.
Storage Express Buys Simply Self Storage Facility in Charleston, Ill.
Storage Express, which owns and operates 74 self-storage properties Indiana, Illinois, Kentucky, Tennessee and Ohio, acquired a new facility in Charleston, Ill., from Simply Self Storage. ...More
Morningstar Properties Acquires Georgia Self-Storage Facility
Morningstar Properties LLC, in a joint venture with Harrison Street Real Estate Capital LLC, acquired a self-storage facility in Savannah, Ga. The store will be re-branded Morningstar Mini-Storage. ...More
Self-Storage Investment ‘Boot Camp’ to Take Place in San Francisco, Nov. 13-14
Self-storage investment experts Jason Allen, Carl Touhey and Frank Rolfe will teach a two-day boot camp about investing in the industry Nov. 13-14 in San Francisco. The event aims to teach attendees how to find good self-storage properties and profitably manage their ...More
Marcus & Millichap's Managing Director Discusses Real Estate Improvement on CNBC 'Squawk on the Street'
Hessam Nadji, managing director of Marcus & Millichap Real Estate Investment Services, was featured on "CNBC Squawk on the Street" on Oct. 26. ...More
Self-Storage Businesses and Government Don't Mix
The recent acquisition of a self-storage facility by the state of Idaho could set a dangerous precedent. Blogger Matthew Van Horn enumerates all the reasons why this is a bad idea for the self-storage industry. ...More
Strategic Storage Trust Expands With Third Self-Storage Property in Las Vegas Area
Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust targeting the self-storage market, acquired a self-storage facility at 3155 West Ann Road in North Las Vegas. The company’s third acquisition in the area, the site will be rebranded ...More
Real Estate Market Snapshot: Self-Storage in the Western States
The author recently assembled a roundtable of real estate experts to discuss the state of self-storage in the western region including the state of the market and how the industry will perform moving forward. ...More
Strategic Storage Trust Purchases Three Chicago Self-Storage Facilities
Strategic Storage Trust Inc. acquired three self-storage facilities totaling within 10 miles of downtown Chicago. ...More
Stor-Age Self Storage Acquires The Storage People in Midrand, South Africa
Stor-Age Self Storage recently acquired The Storage People (TSP) in Midrand, Johannesburg, South Africa. ...More
Extra Space Storage Acquires Two Self-Storage Facilities
Extra Space Storage LLC, a real estate investment trust, purchased two self-storage facilities from American Storage Properties for an undisclosed price. ...More