Inside Self-Storage

Selling Self-Storage

Extra Space Acquires 28 Properties for $189.9M in Fourth Quarter of 2011

Self-storage real estate investment trust Extra Space Storage Inc. acquired 28 self-storage properties for $189.9 million during the fourth quarter of 2011. ...More
January 6, 2012
Posted in News, Real Estate
Strategic Storage Trust Ends 2011 With $245M in New Acquisitions

Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust investing in self-storage properties, ended 2011 with an estimated $245 million in new acquisitions. ...More
January 6, 2012
Posted in News, Real Estate
Owners of Murphy’s U-Store-It Purchase Illinois Self-Storage Facility for $2.8M

The owners of Murphy’s U-Store-It, Jack and Phil Murphy, purchased Stop N Store Self Storage in Algonquin, Ill., for $2.8 million, or $51.09 per square foot. Built in 1986, the 54,800-square-foot facility has 394 self-storage units on nearly 6 acres. ...More
January 5, 2012
Posted in News, Real Estate
CA Self-Storage Facility Sold for $5.8M

A self-storage facility in Cathedral City, Calif., sold to McGaelic Group LP for about $5.8 million, or about $56 per square foot. Date Palm Self Storage, 69100 Converse Road, will be rebranded as an Extra Space Storage, which will manage the property. ...More
January 3, 2012
Posted in News, Real Estate
New Investors Buy Self-Storage Facility in Wisconsin With SBA Loan

New investors purchased Carter Storage in Genoa City, Wis., through a loan from the Small Business Administration. ...More
December 20, 2011
Posted in News, Finance, Real Estate
Safeguard Self Storage Acquires 10th Facility in Chicago Market

Safeguard Self Storage expanded its presence in the Chicago market this month with the acquisition of its 10th area location. The McCook, Ill., facility is Safeguard's 63rd store nationwide and offers 698 storage units in a variety of sizes, with modern security features ...More
December 15, 2011
Posted in News, Real Estate
CubeSmart Closes $600M Unsecured Credit for Storage Deluxe Acquisition

Self-storage real estate investment trust CubeSmart has closed on a new $600 million unsecured credit facility in relation to its acquisition of Storage Deluxe in late October. ...More
December 14, 2011
Posted in News, Finance
Self-Storage Real Estate in Retrospect: A Recap of Operations, Investor Activity and Capital Markets in 2011

If you’ve read the latest news coming out of the self-storage industry, it’s apparent that the fundamentals of the self-storage business are sound. Based on conversations with self-storage owners, here are the three main topics on their minds as we close out 2011. ...More
December 11, 2011
Posted in Articles, Finance, Management, Real Estate
Armor Storage in Utah Sold for $7.2M

Armor Storage in Logan, Utah, sold for $7.2 million. The 479,160-square-foot facility was built in 2002, with a second phase completed in 2005. The single-storage facility is constructed of cinder block and is on 11 acres. ...More
December 5, 2011
Posted in News, Real Estate
Granada Self Storage and Carwash in Austin, Texas, Sold

Granada Self Storage and Carwash in Austin, Texas, sold to A-A-A Storage Stassney LLC. The buyer is planning to reconfigure and add storage units to the property. The purchase was financed by Amplify Credit Union. ...More
November 16, 2011
Posted in News, Real Estate

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