Inside Self-Storage

Selling Self-Storage

Hampshire Cos. Opens Self-Storage Facility in New Jersey

A self-storage facility acquired by The Hampshire Cos. last fall is now open for business. ...More
December 9, 2010
Posted in News, Real Estate
The State of Idaho’s Purchase of a Self-Storage Facility: The Chilling Conclusion, Part I

A month after the state of Idaho purchased a self-storage facility, many questions remain. Here's a closer look at the state's response to industry outrage and opposition, plus an analysis of the state's answers. ...More
December 8, 2010 By Matthew Van Horn
Posted in Blog, Legal Issues, Real Estate
Hawaii Self Storage Acquires Foreclosed Storage Facility

Hawaii Self Storage has acquired a second storage facility in Kapolei, Hawaii. No financial terms were disclosed for the former Aloha Island Self Storage facility, which was in foreclosure. ...More
December 3, 2010
Posted in News, Real Estate
Storage Pros Management Acquires Michigan Self-Storage Facility

Storage Pros Management LLC has acquired a Waterford, Mich., self-storage facility for approximately $1.89 million. ...More
December 3, 2010
Posted in News, Real Estate
Assembling Due-Diligence Documentation: Self-Storage Sellers Facilitate the Close With Detailed Financial Records

Financial records for self-storage properties must corroborate and confirm adequate cash flow, steady occupancy, comparable market strength, and historical financial stability. Without these general factors intact and certifiable, the buyer’s ability to secure financing is ...More
December 3, 2010 By Stephen Grossman
Posted in Articles, Finance, Real Estate
Strategic Capital Holdings Buys Chicago Self-Storage Portfolio for $13.5M

Strategic Capital Holdings LLC acquired a four-property portfolio of self-storage facilities in the Chicago area for $13.5 million from JP Morgan Asset Management. ...More
December 1, 2010
Posted in News, Real Estate
Nolan Brothers Buys Michigan Self-Storage Facility for $2.6M

Nolan Brothers Corp. purchased a self-storage facility in Eastpointe, Mich., from Simply Self Storage for $2.6 million. The facility will be rebranded E-Z Self Storage Gratiot. ...More
November 25, 2010
Posted in News, Real Estate
A Self-Storage Seller's Guide to the Closing Process: Assembling Your Sales Team

Preparing for and completing a closing are the most detailed and frustrating parts of the self-storage real estate sales process. The best way to make this tedious task easier and more efficient is to start early and work with a qualified team of experts. ...More
November 23, 2010 By Ben Vestal
Posted in Articles, Real Estate
Strategic Storage Trust Buys Fourth Chicago Self-Storage Facility for $1.8M

In an all-cash transaction, Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust targeting the self-storage market, acquired a 445-unit self-storage facility for $1.8 million, the company’s fourth in the Chicago area. ...More
November 18, 2010
Posted in News, Real Estate
Pogoda Cos. Buys Foreclosed Self-Storage Property in Michigan for $1.6M

Pogoda Cos., a self-storage operator and broker headquartered in Farmington Hills, Mich., has acquired Maximus Self Storage in Livonia, Mich., a foreclosed property, from Flagstar Bank for $1.6 million. ...More
November 12, 2010
Posted in News, Real Estate

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