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In this discussion, we’re covering cost-effective ways to tackle deferred maintenance and how to manage the day-to-day wear and tear on your facility. Nelson Hendrix and David Alexander of Janus International talk through the benefits of the R3 and Facilitate programs and how each can improve your property. Join us to learn the granular components of renewing the curb appeal of your property and keeping up with the improvements.
The business located between Georgetown and Acton has put forth plans to expand onto an adjacent property. A local storage facility wants to expand its footprint. HeyRay Self Storage – located at 13394 Highway 7 – has put forth plans to construct three new self storage buildings and expand four of its existing structures, with some of this work to be done on a neighbouring parcel of land. During a public meeting on the subject this week, nearby resident Duncan Stacey voiced his concerns regarding light pollution and potential degradation…
A city businessman who wants to put three self storage buildings on the same end of the block where two similar facilities are already in business and a third has been approved says the market demands it. “Competition breeds success,” Joseph Putnam, owner of an auto body garage, said of a 7-acre property near the Bethel border that he wants to develop with three self storage buildings. “Being in competition will be good for all of us.” Putnam’s property on Great Pasture Road is across the street from Prime Storage,…
Gantry has secured $40 million of financing to acquire four self storage facilities as the upleg for a strategic 1031 exchange. The portfolio includes three Storelocal Self Storage locations in Tennessee and a U.S. Storage Center in Florida. The assets comprise a total of 286,000 rentable square feet. The assets were assembled in a series of individual acquisitions requiring unique loans in both permanent, bridge and hybrid structures to optimize each financing. Gantry’s Andy Bratt and Amit Tyagi secured the loans on behalf of the borrower, a multi-generational private family.…
The portfolio totals more than 597,000 square feet across 3,963 units in Florida, North Carolina and Texas.” A joint venture between Andover Properties and Angelo Gordon has landed $65 million of bridge financing for a seven-asset self storage portfolio across the Sun Belt region, Commercial Observer has learned. The lender was not provided by the JV, but sources told CO it was real estate investment firm Heitman that provided the nonrecourse loan. Proceeds from the debt package cover first-time financing and partial refinancing. The portfolio totals more than 597,000 square…
This fully stabilized facility located at 7014 Gunn Highway, in Tampa, FL boasts an impressive 100,000 gross square feet or 74,500 net rentable square feet and features 789 climate-controlled units.” The Sixth Safeguard Location in Southwest Florida Opens May 12th Safeguard Self Storage is delighted to formally announce their latest acquisition of “Citrus Park” in Tampa, FL. The company was able to seize this A+ facility, off-market, within 45 days of contract signing. Safeguard’s acquisition of Citrus Park will mark its sixth operating asset in the Tampa MSA, while an…
