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.
Owners of Spring Garden Self Storage Surrender Facility's Deed to Bank
Apex-ME Inc., an arm of TD Bank, has taken over the deed to Spring Garden Self Storage in DeLand, Fla., from its owners, three local business people. Apex is foregoing any foreclosure action and eliminating the owners’ $2.6 million debt, according to court records. ...More
Self-Storage Investments Gain Interest in Australia's Gold Coast
Self-storage has gained the interest of investors such as merchant banks, property trusts and property syndicates in Gold Coast, Queensland, Australia, according to LandMark White, an independent property valuation and consultancy firm. ...More
Greg Wells Joins Cushman & Wakefield Self Storage Industry Group
Greg Wells joined the Cushman & Wakefield Self Storage Industry Group as director of brokerage services. Wells is the company’s national self-storage brokerage expert and will work from the main San Diego office, providing services to clients in all 50 states. ...More
Self-Storage Operating Performance in Killeen-Temple-Fort Hood, Texas
Self Storage Data Services provides information about self-storage occupany rates, concessions and other data from the Killeen-Temple-Fort Hood, Texas area. ...More
Supnick Real Estate Launches Free Services for Self-Storage Operators
Supnick Real Estate recently launched two free services for self-storage owners and operators, designed to assist owners in meeting the demands of today’s challenging economic environment. ...More
Chester Heights Self Storage, Neighbors Reach Agreement on Location of Trees
The developer for Chester Heights Self Storage reached an agreement with homeowners who demanded trees be planted as a buffer between their homes and the facility in Pennyslvania. ...More
Volunteer Fire Department to Generate Revenue With Self-Storage in Chester, Ohio
The Station 6 Volunteer Fire Department of Chester, Ohio, is developing an 88-unit self-storage facility on land it owns along U.S. Route 30. Station 6 Storage should be up and running by November, according to Chief John Hissam. ...More
Two Mississippi Self-Storage Facilities Sold to Out-of-State Investors
Two self-storage facilities in Mississippi sold earlier this month. Lock Up Self Storage in Kiln, Miss., sold Sept. 14 to an out-of-state investor for $337,500. B&G Climate Control Warehouse in Biloxi, Miss., sold Sept 9 for $1.3 million. The buyers were also out-of- ...More
Aussie Storage London Opens in Battersea, U.K.
Aussie Storage London recently opened in Battersea, London, United Kingdom, with more than 700 self-storage units in 40 different sizes. Open every day, the facility has a covered loading/unloading area, a variety of packing and retail products, and a team security guards ...More
U-Store-It Buys Two Storage Deluxe Facilities in N.Y.
U-Store-It acquired two N.Y. self-storage facilities totaling 2,204 units from Storage Deluxe for an undisclosed price. The facilities are located in Bronx and Brooklyn and include 12,160 square feet of warehouse space. ...More