Storage Authority provides you with detailed information and guidance to both understand and implement these tips to find superior properties faster. As you look for land it is critical to understand the land mines so you can avoid them. Here are 10 traps: https://www.storageauthorityfranchise.com/post/10-real-estate-traps-for-self-storage-developers 1.Start looking for land today! Don’t wait until you are a land expert. This day may never come. 2 hours a day = 14 hours a week = 728 hours a year. This is the number one key to finding land. Storage Authority Franchise owners have…
Day: June 10, 2024
U-Haul Announces Plans to for a New Storage Facility After Land Acquisition in Hammond, IN
For more than 40 years, U-Haul has been serving do-it-yourself movers in Hammond at 822 165th St. Today, U-Haul is announcing plans for a new facility to accompany its longtime center to meet the growing needs of the community. U-Box Moving & Storage of Hammond at 6303 Calumet Ave. is scheduled for completion by summer 2026. It will be just one-third of a mile from the existing store. The 2.7-acre property was acquired on May 26. Once the new facility is ready, it will serve as the parent store to…
Grand Opening Held for Southern Star Self Storage in George West, TX
There’s a new star in town – Southern Star Self Storage, located at 3608 US Hwy. 281 between George West and Three Rivers. Gerald Haddock with Haddock Investments is the new owner, and in just the past two weeks, he has given the facility a new look. To celebrate the opening, a ribbon-cutting ceremony was held on June 5 with support from the George West Chamber of Commerce. The self-storage units have undergone a renovation with new paint, a thorough cleaning, and repairs. The grounds have been cleaned up and…
Full House Storage Opens Self-Storage Facility in Wilson, NC
Full House Storage celebrated the opening of its temperature-controlled self-storage facility in N.C. Highway 58 in Wilson this week. The facility spans 60,731 square feet of leasable storage space containing 520 storage units ranging in size from 5-by-5 feet to 10-by-40 feet. “Full House’s proximity to the area’s main highways provides convenient support for residents of Wilson and nearby communities,” a news release says. “It is close to apartment complexes like Summit Place Apartments and Thornberry Park Apartment Homes, making it an ideal storage option for locals and businesses. It…
Innovative Storage Solution, Stuf, Opens Two New Locations in New York City, NY
Stuf, a revolutionary self-storage solution that partners with property owners to transform underutilized space into storage, announced the opening of two new locations in New York City. Located at 485 Clermont Ave and 550 5th Ave in Brooklyn, the facilities will provide tech-enabled self-storage to businesses and consumers in the local neighborhood. With these two new locations, Stuf now operates nearly 30 locations across the country, five of which are in New York City. Stuf partners with commercial property owners to transform basements, garages, and other underutilized spaces in commercial…
CubeSmart State-of-the-Art Self-Storage Units Ready to Open in Aldan, PA
CubeSmart Self Storage will be holding its ribbon-cutting ceremony at 9 a.m. Friday, June 14, at its new location, 2 Springfield Road, Aldan, Pennsylvania. Mayor Michael Ceci and Aldan Borough Council representative Kate Blunt will be on hand to mark the grand opening of the state-of-the-art self-storage facility. The two-building facility sits on the site formerly occupied by Phillips Enterprise. Blue Devil Realty LLC purchased and redeveloped the property at Springfield Road and Pennsylvania Avenue. The multi-million-dollar project included an extensive environmental cleanup. CubeSmart provides management services on behalf of…
Northmarq Secures $8 Million Construction Loan for a Self-Storage Facility in Buford, GA
Northmarq’s Newport Beach Debt + Equity team of Managing Director David Blum and Investment Analyst Alvin Cao has arranged $8 million in construction financing for Lanier Islands Storage Caves, a proposed self-storage facility with industrial condominium storage units. Located at 6034 Lanier Islands Parkway in Buford, GA., the property is situated on a 7.67-acre site and will feature boat and RV storage less than a mile from Lake Lanier. Northmarq arranged financing on behalf of the borrower, Storage Caves-Lake Lanier Buford, through a correspondent relationship with a local regional bank.…
Bakke Development, in a Joint Venture with BCDC, has Broken Ground on a Self-Storage Facility in San Antonio, TX
The 751-unit self-storage property is scheduled for delivery in 2025. Bakke Development, in a joint venture with BCDC, has broken ground on a 111,909-square-foot self-storage facility in San Antonio, Texas. The development marks the partnership’s seventh project. The team behind the project includes Alamo Architects Inc. and Independent Contractors Inc. Security State Bank has provided the construction financing. The development is scheduled for delivery in the second quarter of 2025. Upon completion, the three-story building will feature 86,475 rentable square feet and will include 751 climate-controlled units. The facility is…
Developer Pitching Self-Storage Facility in Barrington, IL
A developer intends to buy a 4.81-acre property on Barrington’s southeast side to construct a self-storage facility on the site, village officials said. Nelson Development’s plan calls for a two-story enclosed and climate-controlled building at 1191-1197 S. Northwest Highway, sometimes referred as the Arndtsen property. The proposal calls for all loading and unloading to take place inside the building. The village board’s committee of the whole recently saw a conceptual rendering of the proposed facility. However, Jennifer Tennant, assistant director of development services, said the village has not yet received…
JLL Capital Markets Arranges Financing for Dallas-Area Self-Storage Facility
Anna Self Storage is an 840-unit property located in Anna, Texas We’re always looking to bolster our portfolio with strategically-located assets in our backyard. We remain especially bullish on the long-term prospects for the DFW metroplex. The Anna acquisition adds to our existing portfolio in the area, and further represents the opportunity to own the premier storage facility along the I-75 corridor.” – Jonathan Vollinger, Director of Acquisitions at HPI JLL Capital Markets announced today that it has arranged financing for Anna Self Storage, an 840-unit self-storage facility in Anna,…