An Industrial Property Sale Paves Way for New Self-Storage Facility in Copiague, NY

An industrial property in Copiague will soon be redeveloped into a self-storage facility. Lake Success-based SNL Storage purchased the 32,400-square-foot building on 1.9 acres at 1550 Sunrise Highway for $5.2 million. The property was formerly occupied by Pets Warehouse. SNL Copiague LLC, an affiliate of SNL Storage, is planning to demolish part of the existing structure and construct a three-story, 38,890-square-foot self-storage facility on the site, according to its application with the Town of Babylon. The company, which primarily develops self-storage facilities throughout the New York metropolitan area, has built…

Big Self-Storage Facility in Works for Part of Shopping Plaza Site Near Hadley-Amherst Town Line, MA

A management company that owns a Route 9 shopping plaza near the Amherst town line is considering adding a large self-storage development to an undeveloped portion of the property. At the Planning Board meeting Tuesday, Christian Brannelly, management director at Chestnut Realty Management in Boston, presented a conceptual drawing of an 82,500-square-foot project featuring an unspecified number of non-climate-controlled storage units. The development would go on a 5-acre portion of 16 acres that are mostly wooded at the rear of the Campus Shopping Plaza at 438-454 Russell St. That site…

U-Haul® Moving & Storage To Open its New Store in Palmetto, FL

U-Haul® Moving & Storage of Palmetto at 7735 U.S. 41 will host a grand-opening celebration and free lunch from 11 a.m.-1 p.m. on Saturday, Jan. 27 to unveil Florida’s newest indoor self-storage and retail facility. The public is invited to enjoy food, U-Haul giveaways, and take a behind-the-scenes tour of the facility. Lunch will be served on a first-come basis. The three-story, 75,561-square-foot building includes 1,200 self-storage rooms with high-tech security features and climate-control options at affordable price points that are now available to rent. The property also houses an…

True Storage Self-Storage Development Pipelines Across The US in 2024

Manchester, NH 2023 was another record-breaking year for True Storage. Throughout the year True Storage delivered 602,800 net rentable s/f across nine projects. The completions included locations in Enfield, CT, Columbus, GA, Methuen, MA, Frenchtown, MI, Akron, OH, Providence, RI, Fort Atkinson, WI, Flint MI, and Conyers, GA. The team converted a Walmart, Kmart, Dicks Sporting Goods, two grocery stores, a ShopKo and finished two ground-up sites. “2023 was a true showcase of how dynamic and focused our team is on delivering top-quality storage properties to market,” said Chris Lewis,…

The Former Florida Health Care Plans headquarters is Set to Become Self-Storage Facility in Holly Hill, FL

FHCP owned the almost 98,000-square-foot, three story building at 1340 Ridgewood Ave. since 1990, according to the Volusia County property appraiser’s website. The 6.28 acre property was sold in August for $6.4 million and renovations are underway for the new storage facility. Also, according to the property appraiser’s website, the owner is Holly Hill QOZ Self-Storage LLC, an entity of Inland Real Estate of Oak Brook, Ill. “Inland Real Estate Acquisitions LLC is committed to using its expertise, integrity and innovation to identify, negotiate and acquire diverse commercial real estate…

SafeLease Announces Launch of SL Storage Partners to Provide Capital Solutions for Self-Storage Facility Owners Across North America

SafeLease, the leading provider of self-storage tenant protection and risk management products, today announced the launch of SL Storage Partners, a sister company built to serve self-storage facility owners seeking financing solutions or exit opportunities. SL Storage Partners will focus on direct lending and acquisitions of self-storage facilities across North America. SL Storage Partners and its affiliates are backed by $250 million of equity capital. The Company is positioned to move quickly and offer execution strength across a broad range of capital transactions, including bridge, mezzanine, and preferred equity financings,…

Manhattan Mini Storage Expanding its Brand in Brooklyn and Queens

Manhattan Mini Storage doesn’t just want a bigger bite of the Big Apple self-storage market. It’s now eyeing expansion into New Jersey too. Two years after its purchase by StorageMart, Manhattan Mini, a well-known self-storage operator on the island of Manhattan, announced earlier this month it was expanding its brand to Brooklyn and Queens, its first foray into the city’s outer boroughs since the storage firm’s founding in 1978. Two StorageMart facilities were converted to the Manhattan Mini brand, bringing the total number of Manhattan Mini outlets to 20 in…

Recent Transactions: 1.16.2024 – 1.22.2024

Portfolio: Hill & Homes Storage Portfolio (Seven property self-storage portfolio) Location: Grand Junction, CO Buyer: DXD Capital Broker and Brokerage: Thomas Parsons and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 135,050 Unit Count: 922 units Highlights: All units managed from a central office All locations have perimeter fences Remote-accessed security cameras, and gates     Portfolio: DRD Mini Storage Portfolio (Two property storage portfolio) Location: Kingfisher, OK Broker and Brokerage: Dave Knobler, Charles “Chico” LeClair and Steve Greer of The LeClaire-Schlosser Group of Marcus &…