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.

Investment Real Estate Brokers Sell Two Self-Storage Facilities

Investment Real Estate LLC brokered the sale of two self-storage facilities: Tablers Station Self Storage in Martinsburg, W.V., and Easy Self Storage in Plattsburgh, N.Y. ...More
January 5, 2009
Posted in News, Real Estate
HFF Secures $6M for Self-Storage in Berkeley Heights, N.J.

Jon Mikula and Michael Klein of the New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) secured $6 million in financing on behalf of The Hampshire Cos. for Berkeley Heights Self Storage in Berkeley Heights, N.J. ...More
January 5, 2009
Posted in News, Real Estate
StorageVault Completes Acquisition of Canadian PUPS Storage

StorageVault completes acquisition of the assets of Canadian PUPS Storage Inc. and the closing of the master franchise agreement with Canadian PUPS Franchises Inc., which provides portable-storage franchises throughout Canada. ...More
January 2, 2009
Posted in News, Real Estate
New York Self Storage Association Finance & Real Estate Summit

The 2008 New York Self Storage Association Finance & Real Estate Summit Nov. 20 drew an impressive attendance of eager New York-area owners, operators and investors. Intense panel discussions offered timely straight talk on capital markets, objective views on accurate ...More
December 29, 2008 Kurt Conlon
Posted in Articles, Finance, Real Estate
Three-Story Self-Storage Facility Approved in Manchester, Conn.

Land and approvals for an 81,275-square-foot, three-story self-storage facility in Manchester, Conn., were sold to a regional self-storage partnership. Investment Real Estate provided the seller with its initial feasibility study prior to its purchase of the land, and IREM ...More
December 23, 2008
Posted in News, Real Estate
RE/MAX Represents Seller of Platte County Mini Warehouse

Larry Goldman, of RE/MAX Best Associates, represented the seller of Platte County Mini Warehouse in Tracy, Mo. The property, which sold for $1.9 million, has 45,100 rentable square footage on 4.19 acres. The new owner plans to expand the property with a mixture of climate ...More
December 23, 2008
Posted in News, Real Estate
Understanding Self-Storage Real Estate Value During a Credit Crisis

The decline of commercial real estate values during the current credit crisis does not accurately reflect self-storage values. Self-storage owners are counseled to evaluate all facets of the market before determining their facilities’ true worth. ...More
December 23, 2008 Minh Tran
Posted in Articles, Development, Real Estate
StorageOp Acquires Rhode Island Facility

Storage Opportunity Partners LLC (StorageOp) acquired Aquidneck Island Self Storage in Middletown, R.I. Built in 2004, the facility consists of four two-story storage buildings with 62,700 rentable square feet and 531 storage units, including climate controlled or direct ...More
December 22, 2008
Posted in News, Real Estate
Self-Storage in the Western States: Real Estate Snapshot

Self-storage real estate brokers discuss rental rates, finance, cap rates, inventory and sales through the West. The conversation encapsulates current economic influences on self-storage locales. ...More
December 17, 2008 Michael L. McCune
Posted in Articles, Real Estate
Locke Acquisition Represents Sovran in Purchase of Four Facilities

Angelo Tomasello and Peter Weimer of The Locke Acquisition Group LLC represented Sovran Self Storage Inc. in its acquisition of four self-storage facilities in Miami, Fla., Atlanta and Columbus, Ohio markets. Sovran will operate the properties under the Uncle Bob's Self ...More
December 16, 2008
Posted in News, Real Estate

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