Day: March 6, 2023

Market of the Month: Millcreek, UT

StorTrack’s featured market this month is Millcreek, UT. Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts. How is Millcreek as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Millcreek, UT Current Supply: There are 5.22 square feet per capita in this market. For comparison,…

Recent Transactions: 02.28.2023 – 03.06.2023

Property: Old Town Storage Location: Winston Salem, NC Brokers and Brokerage: Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 7,200 Unit Count: 75 non-climate-controlled units and 40 parking spaces Physical Occupancy: 83% Highlights: Dense & growing surrounding population: 92,976 people living within five-miles – which represents a 19% increase since 2000 Affluent market: $93,825 average household income within five-miles of the facility Portfolio: All Steel Storage Two Property Portfolio Location: Lake Placid & Sebring, FL Brokers and Brokerage: Gabriel Coe, Brett Hatcher,…

Featured Broker: Mike Helline

Mike Helline is a licensed real estate agent in Kentucky specializing in retail, investment and self storage properties. He is the Argus Broker Affiliate for the states of Kentucky & Tennessee. Mike also has extensive experience in the automotive and automotive after-market accessory businesses as well as experience in the car wash industry. Mike holds a degree in business administration from Bellarmine College. He also served in the U.S. Navy.