The development of a self-storage facility generally begins with a comprehensive market analysis of the proposed project area, followed by assembling a strong team, and working with municipalities to meet zoning, design and code requirements. Owners might consider
a multi-story building to maximize their footprint, or select a mixed-use project to widen their options.
The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, is developing a four-story facility in Hawthorne, Calif. The in-fill development site at 4959 W. 147th St. is near Los Angeles...
Update 11/8/18 – MCSS has opened its self-storage facility on 79th Street in Miami, an arterial street also known as the John F. Kennedy Causeway. The five-story structure comprises 76,050 square feet in 922 units. It’s a few blocks west of the...
Stor-All Acquisitions LLC, an affiliate of Stor-All Storage, has acquired a Palm Beach Gardens, Fla., public-works building for $3.8 million with the intent to convert it to self-storage. The company outbid two other offers for the property at...
Real estate developer Mequity Cos. has purchased a warehouse in Tucker, Ga., for $5.3 million that it intends to convert to a climate-controlled self-storage facility. The site will be managed by real estate investment trust CubeSmart and branded...
Lighthouse Storage, which operates three self-storage facilities in Indiana and one in Kentucky, is seeking zoning approval to build a new location in Henderson, Ky. The property along U.S. Highway 60 E. and across from the Balmoral Acres...
Self-storage owners Kevin and Monica Gingerich have opened Affordable Self-Storage in Woodburn, Ind. The property at 4550 N. Webster Road comprises 96 units in three storage buildings. The design includes movable partition walls to accommodate...
Real estate developer Ziff Properties Inc. has acquired the former Golden Burley Tobacco Warehouse in downtown Lexington, Ky., which it intends to convert to self-storage. The 3.5-acre property at 574 Angliana Ave. is just over a mile from the...
Metro Storage LLC, which operates more than 135 self-storage properties in 14 states, has purchased land in South Brunswick, N.J., on which it plans to build a self-storage facility. Once complete, it’ll be the company’s 10th location...
Hampshire Real Estate Cos., a private real estate investment firm and self-storage operator, has opened a three-story Extra Space Storage facility in Millburn, N.J. It’s Hampshire’s 30th development in six years, according to a press...
