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.

  • Five Steps to the Best Self-Storage Facility Appraisal
    Life has changed from the days when you could walk into your lender’s office with an appraisal in hand and get a loan. In today’s lending environment, it's the lender who decides the appraiser and you, the property owner, are often left out of the whole ...More
    November 17, 2008 Ray Wilson
    Posted in Articles, Finance, Real Estate
  • Self Storage Advisory Group Brokers Sale of Two StorageOne Facilities
    Ryan Howse, Nate Hunterton and Richard Howard of Las Vegas-based Self Storage Advisory Group brokered the sale of two StorageOne facilities. Public Storage bought both properties during their initial lease-up. The two sites, sold separately, add 156,030 net rentable square ...More
    November 14, 2008
    Posted in News, Real Estate
  • Investment Real Estate Management Names VP
    Alyssa Quill was appointed vice president for Investment Real Estate Management. She will be responsible for the strategic and operational leadership of the company’s self-storage property-management business. Quill most recently served as vice president of operations ...More
    November 14, 2008
    Posted in News, Real Estate
  • The Credit Crunch Leads to a Self-Storage Real Estate Slowdown
    When looking for a loan, self-storage owners should explore a variety of options, such as commercial banks, regional banks, life insurance companies, credit and finance companies to find the best deal. They should also be prepared to accept more recourse, less proceeds and ...More
    November 13, 2008 Eric Snyder
    Posted in Articles, Finance, Real Estate
  • Argus Brokers Repesent Seller of Pembine Mini Storage
    Argus Self Storage Sales Network broker affiliates Peter Hitler and Chris Hitlerrepresented the seller of Pembine Mini Storage in Pembine, Wis. The facility, which has 11,000 rentable square feet on 2.6 acres of land, sold at a 10.2 percent cap rate. Broker affiliates ...More
    November 12, 2008
    Posted in News, Real Estate
  • Marcus & Millichap Appoints Director
    Marcus & Millichap Real Estate Investment Services named Mark Villanueva director of the firm’s National Self-Storage Group in Austin, Texas. Villanueva joined the company in 2005 and was promoted to associate a year later. Currently serving as a senior associate, ...More
    November 12, 2008
    Posted in News, Real Estate
  • Equity Based Services Refinances Texas Facility
    Equity Based Services Inc. (EBS) announced an equity recapitalization of its AMS IV self-storage facility in Austin, Texas. The property was originally financed by a large European Bank and was refinanced with a regional Midwestern lender. The loan is a three-year note with ...More
    November 12, 2008
    Posted in News, Real Estate
  • Today's Self-Storage Refinancing Playbook
    It’s the peak of football season. Each weekend, we see coaches analyzing down situations, pondering options, whispering into headset microphones and calling in plays.Deciding whether to refinance your self-storage property is not much different. You must size up the ...More
    November 11, 2008 Neal Gussis
    Posted in Articles, Finance, Real Estate
  • MJ Partners Brokers Sale of Green Bay Storage
    MJ Partners Self Storage Group brokered the sale of Green Bay Avenue Self Storage in Milwaukee, Wis., for $6.5 million to California-based Crescendo Properties Inc. The single-story facility consists of 72,210 square feet of rentable space with 568 units. Marc A. Boorstein ...More
    November 7, 2008
    Posted in News, Real Estate
  • Lee & Associates Represents Sellers in California Transactions
    Self Storage Depot in Moreno Valley Ranch, Calif., sold for $7.55 million. The facility is comprised of 117,000 net rentable square feet of storage space and 850 units. The buyer, SecurCare, a privately held real estate corporation in Lone Tree, Colo., operates in ...More
    November 4, 2008
    Posted in News, Real Estate
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