Public Storage Plans New 301,451 Sq Ft Building in Los Angeles’ Baldwin Hills Neighborhood

The new six-story building would consist of approximately 294,731 square feet of self storage use and approximately 6,720 square feet of ground-floor retail use, for a total of approximately 301,451 square feet of floor area.” Los Angeles’ Baldwin Hills neighborhood could soon see some much-needed self storage added to the area, according to a recent proposal submitted to the City. The proposal comes from Public Storage with designs by Ware Malcomb and would include a six-story building with both retail and self storage uses. The project site is located at…

Recent Transactions: 04.18.2023 – 04.24.2023

Property: Morganton Development Site Location: Morganton, NC Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street – Commercial Real Estate & Insurance Brokerage Acreage: 2.13 Acres NRSF: 24,750 Pro Forma NOI: $212,859 Parcel Number: 31678; 0031680 Highlights: Site is approved for non-climate self storage This site benefits from strong market rates that should continue to increase thanks to the presence of institutional competitors This site is strategically located just off US Highway 70 (Carbon City Rd) which sees 16,500 VPD 5-mile population of over 35,000 people Morganton is…

Featured Broker: Bobby Loeffler

In 2009, Mr. Loeffler formed The Loeffler Self-Storage Group – a commercial brokerage firm directed exclusively on representing the buyers and sellers of storage properties throughout the West. He has closed transactions ranging from a $33,000,000 lease-up portfolio to an $800,000 self-storage facility. Since 2002 he has sold over $400 Million worth of commercial properties. Prior to forming LS-SG, Bobby was a Vice President of Investments for Marcus & Millichap and was based out of their Roseville office. He was a Director of the National Self-Storage Group and received various…

Featured Broker: Tenere Williams

Tenere Williams is a Senior Associate in the Elizabeth Clark Group at Douglas Elliman Commercial and is based out of the firm’s Beverly Hills office. Tenere’s 18 years in the real estate world have allowed him to build a business that is predicated on helping individuals, estates and families increase their net worth through the sales and acquisition of cash-flowing commercial real estate. Tenere’s expertise lies in 1) creating real estate portfolios for new investors and 2) helping to transfer equity from the sales of existing properties to higher-performing properties…

Store Space Forms Join Venture with Storage Point Capital to Pursue Self Storage Acquisitions

We want to be a conduit to help Store Space reach its goal of 500 facilities nationwide,”  – Matthew Horne, Co-Founder and CEO of Storage Point. As Store Space continues to expand, this partnership will help maintain and create a robust acquisition pipeline,”  – Rob Consalvo, Co-Founder and President of Store Space Store Space Self Storage, which operates more than 100 facilities, has entered a joint venture agreement with real estate investment firm Storage Point Capital to pursue acquisitions. The partnership includes the deployment of a Storage Point feeder-fund investment…