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.
Public Storage Canada has acquired the four-property SelfStorageCo portfolio in Greater Toronto. The facilities are in Brantford, Guelph, Hamilton and Waterdown, Ontario. Together, they total approximately 270,000 rentable square feet, according...
Sparkplug Capital LLC, which operates self-storage properties under the Red Dot Storage brand, has acquired four self-storage facilities in Illinois, Kansas and Kentucky. The properties comprise a combined 125,174 square feet in 1,018 storage...
Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded, self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has acquired a newly constructed storage facility in Las Vegas. The property at 6888 N...
Strategic Storage Trust IV Inc. (SST IV), a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has acquired another Metro Mini Storage location in Houston. The REIT purchased a six-property portfolio...
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...
