The process of buying or selling a self-storage facility has become more rigorous as markets have become increasingly competitive and changes in the economy impact property value. Owners and investors looking to acquire need to understand the investing process including due diligence, capitalization rates, appraisals and valuation methods.
Rising interest rates and increased supply are creating rental-pricing pressure in some self-storage submarkets. Learn how these factors will have a direct impact on your ability to borrow from lenders.
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...
Self-storage real estate investment trust (REIT) Life Storage Inc. has acquired a facility in Sacramento, Calif., for $10.3 million from Storage Solutions Main Ave. LLC. The property at 181 Martin Ave. comprises 75,000 square feet and previously...
Pinnacle Storage Properties, a Houston-based firm that operates more than 10 Texas self-storage facilities under various names, has acquired Preferred Mini Storage in Conroe, Texas. The property at 4300 W. Davis St. is off near Interstate 45 and...
Demographic and economic factors across Asia are making self-storage more popular with local consumers and investors. Living space has shrunk across the continent as urban populations have densified, increasing the need for storage space. At the...
Save Green Self Storage, which operates eight facilities in the Carolinas, has acquired Hoopers Creek Mini Storage in Fletcher, N.C., in an off-market transaction. The 4.5-acre property at 615 Mills Gap Road is just south of Ashville, N.C. It...
