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.

EBS Renegotiates Construction Loan for AZ Self-Storage Facility

Equity Based Services Inc. (EBS) renegotiated an extension on an existing construction loan for a two-story expansion to EZ Store self-storage in Peoria, Ariz. ...More
September 22, 2009
Posted in News, Finance, Real Estate
Grubb & Ellis Brokers Sale of Palm Springs Storage Facility

Grubb & Ellis Self Storage Group facilitated the sale of Monterey Palms Self Storage in Palm Springs, Calif., for an undisclosed amount. The facility opened in July 2007, and encompasses 113,000 square feet with 645 units. ...More
September 21, 2009
Posted in News, Real Estate
Self-Storage in the South-Central States: Real Estate Snapshot

Michael McCune of the Argus Self Storage Sales Network recently assembled a roundtable of real estate experts to discuss the state of self-storage in the South-Central United States. The panel commented on their local markets and share their predictions for future ...More
September 21, 2009 Michael L. McCune
Posted in Articles, Development, Real Estate
Reaching and Serving Boat/RV-Storage Customers

Self-storage operators interested in attracting boat- and RV-storage customers and making greater profit should tailor their marketing and customer-service approach for this special market segment. ...More
September 19, 2009 Ed and Terri Heil
Posted in Articles, Development, Real Estate
Equity Based Services Acquires Texas Self-Storage Facility

Equity Based Services Inc. (EBS) purchased Advantage Storage in Rockwall, Texas for an undisclosed amount. Advantage is a class-A facility with 68,075 net-rentable square feet with 569 units, 247 of which have climate control. The occupancy at the time of the sale was 90 ...More
September 18, 2009
Posted in News, Real Estate
Dallas-Forth Worth Self-Storage Market Holding Occupancy Levels

Self-storage real estate experts recently reported the Dallas-Fort Worth self-storage market is appealing to a new kind of tenant in today’s challenging economic climate. In addition, more investors are eyeing the area for future self-storage development. ...More
September 14, 2009
Posted in News, Development, Real Estate
Alter Closes 100th Self-Storage Sale

Bill Alter of Rein & Grossoehme Commercial Real Estate recently negotiated the sale of AAA Fort Self Storage in Sierra Vista, Ariz., for $3.6 million. ...More
September 14, 2009
Posted in News, Real Estate
IREM Awarded Management Contract for New CT Facility

Investment Real Estate Management (IREM) was awarded the management contract for Adams Street Self Storage in Manchester, Conn.The facility, which opened in August, is in the suburbs of Hartford. It has a three-story climate-controlled building, flanked by two ...More
September 11, 2009
Posted in News, Real Estate
Strategic Storage Trust Buys Two Facilities for $5.8M

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust, acquired two facilities for a combined purchase price of $5.8 million. ...More
September 10, 2009
Posted in News, Real Estate
AR&C Self Storage Opens in New Jersey

AR&C Self Storage opened a state-of-the-art 67,808-square-foot facility in Hamilton, N.J. The three-story climate-controlled facility will have 635 units. ...More
September 3, 2009
Posted in News, Real Estate

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