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.

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
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

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