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.
Pogoda Cos. Buys Foreclosed Self-Storage Property in Michigan for $1.6M
Pogoda Cos., a self-storage operator and broker headquartered in Farmington Hills, Mich., has acquired Maximus Self Storage in Livonia, Mich., a foreclosed property, from Flagstar Bank for $1.6 million. ...More
Kayne Anderson Partners With Flagship Investment to Buy Five Florida Self-Storage Facilities
A private equity real estate fund launched by Kayne Anderson Capital Advisors, Kayne Anderson Real Estate Partners I LP, and Flagship Investment Group, a developer and operator of commercial property, will acquire five Florida self-storage facilities for a total of $25 ...More
U-Store-It Buys Two N.Y. Self-Storage Facilities for $26.7M
U-Store-It LP purchased two N.Y. self-storage facilities from Storage Deluxe Management Company for roughly $26.7 million. ...More
Self-Storage Now Qualifies for Small Business Administration Loans
Finding money to buy or build self-storage has been a challenge in recent years, but the U.S. Small Business Administration (SBA) is providing hope to independent owners and investors. Due to recent changes in the SBA’s loan guidelines for passive-income properties, ...More
Cushman & Wakefield Releases 2010 Self-Storage Investor Survey
Cushman & Wakefield has released the results of its 2010 Self-Storage Investor Survey in a report titled "Resilient Asset Class Gains Traction." The valuation and advisory publication expands on results found in reports such as the Korpacz Investor Survey, published ...More
Three Argus Self Storage Broker Affiliates Earn CCIM Designation
Three broker affiliates of the Argus Self Storage Sales Network have recently earned their Certified Commercial Investment Member (CCIM) designation. ...More
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