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.

Strategic Storage Trust Buys U-Stor-It Facilities

Strategic Storage Trust Inc. (SSTI) purchased properties in Biloxi, Miss., and Gulf Breeze, Fla., from U-Stor-It LP for $10.7 million. The property transaction brings more than 1,300 storage units and 146,000 rentable square feet of storage space into SSTI’s budding ...More
December 4, 2008
Posted in News, Real Estate
Raia Self Storage Sells Five Facilities to Hampshire Real Estate

Raia Self Storage finalized the sale of five self-storage facilities in New Jersey and New York to Hampshire Real Estate Cos. The facilities all have temperature and humidity control. The will operate under the name Hampshire Self Storage. For more information, ...More
December 1, 2008
Posted in News, Real Estate
MJ Partners Sells StorageOne for $4.85 Million

MJ Partners Self Storage Group sold StorageOne in Las Vegas for $4.85 million. The property consists of 54,355 square feet of rentable space and 466 units and 27 RV parking spaces. The facility will be renamed American Mini Storage. MJ Partners’ Marc A. Boorstein and ...More
November 26, 2008
Posted in News, Real Estate
HFF Represents Hendry Investments in Sale of Portfolio

HFF representedHendry Investments Inc. in the sale of its 21-property self-storage portfolio in San Antonio, Texas, to Buffalo, N.Y.-based Sovran Self Storage Inc. for $143.4 million. The 14,589-unit portfolio consists of 21 facilities in Colorado, Florida, Kentucky, Ohio ...More
November 25, 2008
Posted in News, Real Estate
Riding Out the Highs and Lows of Self-Storage Real Estate

In the self-storage industry, cap rates are up and prices are down. This article explains what this mean for investors. ...More
November 25, 2008 Michael L. McCune
Posted in Articles, Finance, Real Estate
Bancap Sells Hyer Quality Storage for $2.2 Million

Bancap Self Storage Group Inc. sold Hyer Quality Storage in Lake Isabella, Calif., for $2.2 million. Jason Allen represented the seller and buyer. The single-story property features 232 units with nearly 37,000 rentable square feet plus 25 RV spaces. In addition, there is ...More
November 24, 2008
Posted in News, Real Estate
Mergers and Acquisitions in the Global World of Self-Storage

Consolidation in the form of mergers and acquisitions is the new trend in the international self-storage industry. ...More
November 21, 2008 Govert Derks
Posted in Articles, Real Estate
HFF Self Storage Group Fulfills Holiday Wishes for Child-Abuse Victims

The Self Storage Group of Holliday, Fenoglio, Fowler LP (HFF), formerly known as Storage Investment Advisors, has launched its fourth annual Giving Season Initiative to assist child-abuse victims in the Houston area. ...More
November 20, 2008
Posted in News, Real Estate
Morningstar Acquires Village Self Storage

In its joint venture with Harrison Street Real Estate Capital LLC, Morningstar Properties LLC acquired Village Self Storage in Carrboro/Chapel Hill, N.C. The facility will operate under the trade name Morningstar Mini Storage. The property has 727 total units, including ...More
November 19, 2008
Posted in News, Real Estate
Equity Based Services Buys Two Texas Facilities

Equity Based Services Inc. (EBS) now owns Assured Self Storage and Blue Star Self Storage in Lewiston, Texas, a growing suburb of Dallas. The Assured/Blue Star acquisition adds 1,130 storage units, 115 parking spaces and 148,556 net rentable square feet to the ...More
November 18, 2008
Posted in News, Real Estate

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