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.

Storage Opportunity Partners Acquires Secure Self Storage

Storage Opportunity Partners LLC (StorageOp) acquired Secure Self Storage in New Bedford, Mass. Built in 2003, the facility consists of 11 single-story storage buildings totaling 71,025 rentable square feet and 517 storage units. Twenty-five percent of the rentable area is ...More
November 3, 2008
Posted in News, Real Estate
Bancap Self Storage Sells American National Mini Storage

Bancap Self Storage Group Inc. sold American National Mini Storage in Orland, Calif., for $1.7 million. Jason Allen represented the seller in the transaction. The single-story property features 313 self storage units with nearly 43,900 rentable square feet, plus 25 RV ...More
November 3, 2008
Posted in News, Real Estate
Glossary of Self-Storage Financial Terms

This comprehensive glossary of terms will help increase readers’ understanding of the finances involved in the self-storage and other industries. ...More
November 3, 2008
Posted in Articles, Finance, Real Estate
The State of Self-Storage Financing: 2008-2009

In the upcoming year, self-storage borrowers can expect tighter loan criteria and fewer lenders, but financing is still available. ...More
November 1, 2008 David Smyle
Posted in Articles, Finance, Real Estate
Self-Storage Real Estate in the South-Central States: Summer 2008

Brokers in the South-Central region discuss self-storage real estate in the current economy. ...More
October 29, 2008 Michael L. McCune
Posted in Articles, Real Estate
Self-Storage Finance: A Year in Review

The current view from the street (summer 2008) is pretty grim. One only needs to browse daily business headlines to recognize the severity of the nation’s economic situation. The “credit crunch” has gone from Wall Street to Main Street, and is leaving the ...More
October 16, 2008 Shawn Hill
Posted in Articles, Development, Finance, Real Estate
Restoring Your Self-Storage Facility to its Former Glory

While most older self-storage facilities may still function well, they might not be maximizing their potential to effectively compete for market share. ...More
September 30, 2008 Jeffrey Supnick
Posted in Articles, Construction, Development, Management, Real Estate, Technology
Self-Storage Real Estate Outlook: The North-Central States

Real estate brokers discuss the status of self-storage in the north-central region of the United States. ...More
September 17, 2008 Michael L. McCune
Posted in Articles, Real Estate
The Realities of Today's Self-Storage Market

Capital-market volatility during the past 12 months has significantly changed the landscape for self-storage real estate investing and financing. If you have applied for a loan in the past eight to 10 months, you’ve likely noticed these changes firsthand. Gone are the ...More
July 11, 2008 Doug McCarron and Devin Huber
Posted in Articles, Finance, Real Estate
Self-Storage Maintenance Retains Customers and Property Value

Because a storage owner sees his property daily, he may miss signs of deterioration. “A large percentage of your storage renters decide whether they want to rent from you based on the curb appeal of your facility,” says Brian Byrd, vice president of sales and ...More
July 2, 2008 Elaine Foxwell
Posted in Articles, Real Estate

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