Inside Self-Storage

Selling Self-Storage

The Self-Storage Industry’s Extraordinary Times: How Long Will They Last?

Now’s a good time to buy, sell or refinance a self-storage property. The effects of the continuing low-interest-rate environment and increased investor confidence have been a boon for owners looking to sell or refinance as well as buyers on the market. ...More
June 7, 2011
Posted in Articles, Real Estate
Amber Oak Storage & Square in Tehachapi, Calif., Sold for $2.8M

Amber Oak Storage & Square, a 76,740 net rentable square-foot self-storage facility in Tehachapi, Calif., sold for $2,835,000 million, or $36.94 per square foot. ...More
May 27, 2011
Posted in News, Real Estate
Sierra Self Storage in Madera, Calif., Sold for $950K

Sierra Self Storage in Madera, Calif., recently sold for $950,000 to private investors. The property will be re-branded Madera Self Storage. ...More
May 24, 2011
Posted in News, Real Estate
Due Diligence for Self-Storage Sellers: Verifying Buyers' Ability to Close the Deal

There are thousands of purported buyers of self-storage out there, and most of them are honest and capable. But a property listed for sale is also likely to attract the attention of many unqualified “investors.” Read on for tips to help qualify true self-storage investors. ...More
May 22, 2011
Posted in Articles, Finance
Sentry Stor-All in Ohio Sold to Limited-Liability Company for $1M

Sentry Stor-All in Barberton, Ohio, sold to a limited-liability company for $1,095,000. The 65,000-square-foot self-storage facility, located at 3001 Barber Road, was built in 1978. The facility has 418 self-storage units and was approximately 68 percent occupied at the ...More
May 20, 2011
Posted in News, Real Estate
Austria's Immofinanz Sells Stake in Business to MyPlace Self Storage

Austria’s Imbea Immoeast Beteiligungsverwaltung GmbH, a subsidiary of Immofinanz AG, sold 30 percent of its stake in SelfStorage-Dein Lager Lagervermietungs GmbH to self-storage operator MyPlace Self Storage Holding GmbH for €34 million. The sell is expected to close by the ...More
May 19, 2011
Posted in News, Real Estate
House It Storage in Texas Sold to Affiliate of Jenkins Organization

House It Storage in Richmond, Texas sold May 6 for an undisclosed price to an affiliate of the Jenkins Organization, a self-storage developer and management company. ...More
May 13, 2011
Posted in News, Real Estate
ACL Self Storage in Elgin, Ill., Sold for Undisclosed Price

ACL Self Storage in Elgin, Ill., sold May 4 for an undisclosed price. The 36,080-square-foot facility has 363 storage units. It was developed in the mid-1970s. ...More
May 11, 2011
Posted in News, Real Estate
Spaces Self Storage in Canada Sold for $6.5M

Toronto-based Spaces Self Storage Limited sold its Bedford, Nova Scotia, Canada, facility to Edmonton, Alberta-based Sentinel Self Storage Corp. for $6.5 million. The transaction closed on April 19. ...More
May 10, 2011
Posted in News, Real Estate
California Self-Storage Facility Sold for $7M

Cargo Bay, a self-storage facility and office complex in Clovis, Calif., recently sold for $7 million to a private investor. ...More
May 9, 2011
Posted in News, Real Estate

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