New Self-Storage Facility Being Built in South Laredo, TX

A new self-storage facility is being built in south Laredo and is projected to open this summer. According to a permit filed last week with the Texas Department of Licensing and Regulation, a project called “Self Storage” began construction on Aug. 28, 2023 and is projected to be completed by July 28, 2024. The self-storage facility covers 75,000 square feet which includes storage units and an office. It is being built at 210 Cuatro Vientos Rd. The facility has an estimated cost of $1.5 million. The self-storage facility is owned…

DealPoint Merrill Elevates Storage Operations With the Launch of Their JustStorage Brand

We are thrilled to unveil the JustStorage brand at all of our nationwide facilities as part of our ongoing commitment to innovation and customer satisfaction,” – David Frank, CEO at DealPoint Merrill DealPoint Merrill proudly announces the expansion of its storage operations with the introduction of their JustStorage brand. With this strategic move, DealPoint Merrill reaffirms its commitment to providing unparalleled storage solutions nationwide while enhancing their customer experience through cutting-edge technology and user-friendly online services. JustStorage emerges as their brand of DealPoint Merrill’s storage portfolio, representing a significant milestone…

U-Haul Breaks Ground for its Newest Self-Storage Facility in Manheim, PA

U-Haul® will break ground on Thursday, March 7, for its newest retail and self-storage facility in Pennsylvania at 1985 State Road in Manheim. Residents, city officials and media are invited to the event from 11 a.m.-2 p.m. There will be giveaways and remarks from Lancaster Chamber of Commerce and U-Haul officials. “This site was part of the Landis Farm and has easy access to Route 283 and State Road,” said Jeff Levengood, U-Haul Owners Representative for Northeastern Pennsylvania. “This community is growing. There are new housing projects everywhere. Being located…

Andover Properties Plans For Storage Facility Expansion in Kyle, TX

Andover Properties, a real estate investment firm focused on alternative asset classes, such as self-storage, acquired Storage King USA (at 13397 Camino Real) on December 5. The property, located at 13397 Camino Real, has 68,400 square feet of drive-up storage and covered recreational vehicle spaces. According to a news release, Andover Properties will be expanding the facility by adding 100,000 square feet due to a “growing demand.” “We believe that this property, with its prime location and additional expansion plan, aligns perfectly with our commitment to providing high-quality storage solutions…

Manhattan Mini Storage Expands Empire by Acquiring Prime Chelsea Location, NY

Manhattan Mini Storage acquires a new facility in Chelsea, NYC, enhancing self-storage options with a customer-centric approach and strategic location. Manhattan Mini Storage’s recent acquisition of a former Public Storage facility on 29th Street marks a significant expansion into the Chelsea neighborhood, signaling a new chapter in New York City’s self-storage landscape. Senior Vice President of Asset Management at The Davis Companies, , lauded the partnership, emphasizing Manhattan Mini Storage’s unmatched expertise and the strategic location of the state-of-the-art facility. , representing Manhattan Mini Storage, highlighted the brand’s deep-rooted connection…

Self-Storage Facility Planned Near Winchester Center Development in New Haven, CT

A development team is looking to convert a semi-vacant building into self-storage units near the Winchester Center mixed-use project in New Haven. The five-story, 128,000-square-foot building at 89-91 Shelton Ave., is largely vacant but contains a rock climbing gym and several small spaces that have been used by businesses and local groups. Applicant Diamond Point Development LLC, based out of Georgia, is a national builder of self-storage facilities. The site plan application is currently before the City Plan Commission and if approved, Diamond Point would buy the land from owner…

Featured Broker: Thomas Gustafson

Tom Gustafson is the National Director of the Colliers International Self Storage Practice Group, a Sales Investment/Debt Equity brokerage team for Colliers International. Combined with the Colliers Valuation and Loan Origination teams, Tom is servicing owners and sellers in creating value to their portfolios and navigating the sales process through this higher interest rate environment. Tom and his team have transacted over $1 billion in self-storage assets since the team’s formation in 2014. Let Tom assist you in understanding the best course of action for your assets by providing a…

Recent Transactions: 3.05.2024 – 3.11.2024

Property: CP’s Stor-It Location: West Burlington, IA Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan of Argus Acreage: 2.03 acres (primed for expansion) NRSF: 16,064     Property: Sassy’s U-Lock It Location: Pine Bluff, AR Address: 3015 S Midland Dr, Pine Bluff, AR 71603 Year Built: 1978 Brokers and Brokerage: Frank DeSalvo & David Perlleshi of Franklin Street NRSF: 14,040 Unit Count: 101 Seller Testimonial: “Working with David and Frank at Franklin Street made the process of selling my facility easy and seamless. Their professionalism, market…