Self Storage Market of the Month: Bethlehem, PA

StorTrack’s featured market this month is Bethlehem, PA. Bethlehem is a city in the Lehigh Valley region of eastern Pennsylvania. This historical city is the home of Lehigh University, many community events and traditional entertainment make this diverse city a place to see year-round. How is Bethlehem as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics for Bethlehem, PA Current Supply: There is…

Storage King USA Completes 232-Unit Self-Storage Expansion Project in Argyle, TX

Storage King USA, the self-storage arm of New York City-based investment firm Andover Properties, has completed a 232-unit expansion of its facility in Argyle, located in Denton County. The project added 38,500 net rentable square feet of climate-controlled and non-climate-controlled space, as well as 5,750 square feet of flex space. The facility, which also offers enclosed and covered storage options for boats and RVs, now totals 865 units. Source

Coro Realty Advisors Adds Self-Storage Developments to Portfolio in Atlanta, GA

Our strategic expansion in the self-storage sector reflects Coro’s commitment to identifying and capitalizing on unique opportunities in the real estate market. These developments align with our vision of maintaining a diversified portfolio while delivering quality assets to our investors and communities.” – Robert Fransen, President and Managing Partner of Coro Realty Advisors The four properties are located in Columbus, Flowery Branch, Woodstock and Dunwoody. A real estate investment and management firm in Atlanta is adding to its portfolio with several new self-storage developments. The properties are part of the…

Self-Storage Facility Proposed Next to Solar Farm in Monroe, NJ

A self-storage facility is proposed next to a large solar farm on Hoffman Station Road (County Route 614). Central Jersey Storage, LLC of Millstone Township has filed an application with the Monroe Township Zoning Board of Adjustment for a use variance and site plan approval to construct the self-storage facility with 11 buildings, totaling about 114,200 square feet. The project would be constructed on the western portion of the 26.29-acre property owned by So Bright LLC of East Brunswick. The property is partially located in the R-60 (Residential) Zone District…

Recent Transactions: 4.23.2024 – 4.29.2024

Property: Self-Storage Development Site Location: Pinellas Park, FL Broker and Brokerage: Josh Koerner of the Coastal Storage Group (formerly Weaver Realty Group) – Florida Argus Broker Affiliates Acreage: 4.1+/- acres (fully entitled land for a 131,592 GSF class A climate-controlled storage facility)     Property: Lakeridge Self Storage Location: Midlothian, TX Address: 5191 US-67, Midlothian, Texas Brokers and Brokerage: Danny Cunningham and Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap NRSF: 59,517   Property: Life Storage (now U-Haul Moving & Storage of Webster) Location: Rising Sun, MD…