Public Storage Opens New Facility in Salem, VA

  In Salem, a new Public Storage facility has opened its doors, offering much-needed storage solutions to e-commerce businesses. With 75,000 sq ft of rentable space, it’s set to meet the burgeoning demands of the online retail sector. Strategically located and built by Property Catalyst Group, this facility is a beacon of flexibility and resilience in the face of changing consumer behavior and housing market trends. In the heart of Salem, a new chapter unfolds in the self-storage industry, mirroring the dynamic shifts in the e-commerce landscape. On January 30th,…

U-Haul Opens at Former Winchester Storage in Sedalia, MO

U-Haul® has purchased the former Winchester Storage facility at 1400 Winchester Drive to better serve its customers in the Sedalia community. The property was acquired on Jan. 25. Now U-Haul Moving & Storage of Sedalia, the facility offers 15 drive-up buildings with a total of 607 self-storage units. The 10.81-acre property also has 13 enclosed RV parking spaces and 42 outdoor RV parking spaces. “Reusing an existing self-storage facility is efficient, cost-effective and practical,” said Aaron Self, U-Haul Company of Missouri president. “We are able to leverage the existing infrastructure…

U-Haul Bringing 900-Room Storage Facility and Jobs to Rapid City, SD

A contemporary U-Haul® retail, moving and self-storage facility is coming to Rapid City thanks to the land acquisition of 7.5 acres on East Stumer Road. U-Haul Moving & Storage of Catron Blvd. is budgeted for completion by early 2025. The property will host a three-story building with more than 80,000 square feet, housing at least 900 indoor ADA-accessible self-storage rooms with high-tech security features at affordable price points. Plans also call for a separate warehouse for portable moving containers. Once the store is ready, customers will have access to truck…

U-Haul Expands With its Acquisition of Advantage Storage in Hobbs, NM

U-Haul® has purchased the Advantage Storage facility at 1012 E. Navajo Drive to better meet the moving and self-storage demands of Hobbs residents. Now U-Haul Storage of East Hobbs, the property was acquired on Jan. 4. It is less than a mile from U-Haul Moving & Storage of Hobbs at 101 W. Navajo Drive. Thanks to the 6.62-acre acquisition, U-Haul customers now have access to 468 additional self-storage units. U-Haul is also offering truck and trailer rentals, boxes and moving supplies, towing equipment and more at the East Hobbs store.…

Budget Self Storage Announces New Spacious 10×20 Storage Units in Columbus, OH

Budget Self Storage, a leading provider of secure and affordable storage solutions in Columbus, Ohio, is thrilled to announce the availability of new 10×20 storage units, ready for lease immediately. These spacious units are designed to meet the growing demands of residents and businesses for more extensive storage options. The new 10×20 units at Budget Self Storage offer an optimal solution for those looking to declutter their living spaces, securely store business inventory, or safeguard valuables during transitions such as moving or remodeling. With ample space equivalent to a standard…

Go Store It Opens New Self Storage facility in South Gate, CA

Go Store It, an affiliate of Madison Capital Group, has opened a 130,407-rentable-square-foot self-storage facility in South Gate, California. The developer broke ground on the project in January 2023, after securing a $20.8 million construction loan from Bank of the West in July 2022. The newly built facility is a four-story building that offers 1,300 climate-controlled and drive-up units, ranging between 25 and 300 square feet. Amenities include 24-hour video surveillance, electronic building and gate access, moving and packing supplies, security lighting, as well as dolly and flatbed carts. Go…

Recent Transactions: 2.13.2024 – 2.19.2024

Property: 1500 Tedescki Drive (a new construction self-storage facility) Location: Birmingham, AL Closing Deal: $7.85 Million Seller: Copper Storage Solutions, LLC Buyer: Ziff Real Estate Partners Third-party managed by: Public Storage Brokers and Brokerage: Eddie Greenhalgh, Jake Payne and Lee Thornton of Marcus & Millichap Unit Count: 503 units (289 climate-controlled and 214 non-climate-controlled units)     Property: Stor-Mor Self Storage (rebranded as SecureSpace Rosemead) Location: Rosemead, CA Property Address: 8635 Valley Boulevard, Rosemead, CA Buyer: SecureSpace Square Feet: 44,351 Unit Count: 659 units plus 96 rentable parking spaces Vehicles…