Day: January 17, 2023

Bellevue, WA

Using the Market Discovery Tool from StorTrack’s Explorer product, we identified Bellevue, a city located across from Seattle on Lake Washington in Washington. With over 100 parks, Bellevue is known as “a city in a park” though it is still the fifth largest city in the state. Current Supply At 5.77 square feet per capita and with a population anticipated to grow to 156,728 by 2025 (up 7.24% since 2020), the city could potentially tolerate new supply. New Supply Public Storage is currently developing their seventh facility in Bellevue, a…

Recent Transactions: 01.10.2023 – 01.16.2023

Portfolio: Eight-Property East Texas Self Storage Location: Dallas-Fort Worth Metroplex and East Texas Broker and Brokerage: Brandon Karr of Marcus & Millichap Buyers: LandPark Co. and Sunset Capital JV NRSF: 236,009 Unit Count: 1,440 Highlights: Eight facilities, comprised of 11 individual parcels, located in five different counties Exposure in Dallas-Fort Worth Metroplex (4th largest market in the US) Operational efficiencies available via management consolidation Portfolio: AmeriStorage Four-Property Portfolio Location: Andover, OH as well as Edinboro, Meadville and Saegertown, PA Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel…

What to Know about Boat and RV Storage

In this video chat, we are joined by Greg Ellsworth of Self Storage Consulting Group, Amy Bix of Toy Storage Nation and Terry Anderson of Tenant Property Protection to discuss nuances of the boat and RV storage sector. We’ll cover site selection, differentiators between class A, B, C and D facilities, development considerations and insurance concerns. Additionally, you’ll learn about how this tenant base varies from traditional storage customers with their expectations and tolerance for price increases. Tune in to learn about the booming boat and RV industry or read…