Day: August 19, 2024

Nova Storage Announces Grand Opening of its Self-Storage Expansion in Palmdale, CA

Nova has added over 350 new drive-up, indoor, and climate-controlled storage units, comprising 30,000 rentable square feet, to its existing facility. Nova Storage Palmdale now offers 964 units and 106,855 rentable square feet. Nova Storage is excited to announce the grand opening of its newly expanded facility in Palmdale, CA. The celebration will be marked by a ribbon-cutting ceremony on Thursday, August 22nd. Nova has added over 350 new drive-up, indoor, and climate-controlled storage units, comprising 30,000 rentable square feet, to its existing facility. Nova Storage Palmdale now offers 964…

StorTropolis Self-Storage Opens a State-of-Art Facility in Olathe, KS

StorTropolis Self-Storage opened its state-of-the-art indoor, temperature-controlled self-storage facility at 601 N Millridge St. in Olathe, Kansas. The new storage facility boasts 113,010 square feet of leasable storage divided into 867 storage units. The facility’s temperature-controlled storage units are ideal for individuals who need to store antiques, appliances, and documents. Alongside indoor units with temperature control, StorTropolis Self-Storage offers convenient indoor drive-up storage units for effortless loading and unloading of larger items like furniture. The large indoor drive-up units also accommodate vehicle, boat, and RV storage. The facility offers easy…

Sunbird Storage Opens a Flagship Class A Self-Storage Facility in Greensboro, NC

Sunbird Storage continues to make a name for itself with eight facilities in various stages of development across North Carolina. The company reports that owners of the facilities, when shopping for property management companies, say they are drawn to Sunbird for its strong brand presence, exceptional facility management team, transparent pricing, best-in-class digital marketing services, and responsive customer care center. Now, Sunbird Storage has opened a flagship Class A facility on Battleground Ave. in Greensboro, NC, a premier retail area in the city’s main thoroughfare. The five story building occupies…

A Self-Storage REIT Secured $75 Million Construction Financing for Self-Storage Properties in Orlando and Tampa, FL

A self-storage real estate investment firm secured $75 million in construction financing for Florida self-storage properties. Storage Units Capital announced that it has secured a $75 million construction loan through Beal Bank and Crow Holdings for the development of Class A self-storage properties in submarkets of Orlando and Tampa. The company plans to utilize the loan proceeds to build approximately 4,000 units at five properties located in Fort Myers, Fort Pierce, Vero Beach, Sebring and Cocoa. The facilities will offer an array of modern features, including climate-controlled units, interior drive-through…

Largest Self-Storage Facility is On-Schedule to Open on October 1st in Greater Danbury, CT

The building is 4 stories and 110,000 SFG, making it the largest single-building self-storage facility in the greater Danbury area. It is strategically located at the busy intersection of Candle Lake Road, Federal Road, and Grays Bridge Road, accessed via Exit 11 on Super Route 7. This area is home to such major, national retailers such as Costco, Home Depot, Raymour Flannigan, BJ’s, and Kohl’s. It is also in the same area as Stew Leonard’s and a newly opened Big Y supermarket. There are 810 storage units, including 57 desirable…

SecureSpace Announces Opening of New Self-Storage Facility in North Plainfield, NJ

SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace North Plainfield, located in and serving the township of North Plainfield, New Jersey. The newly-built Class A facility is strategically located at 825 US-22 and offers 88,470 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x30′. Sitting directly on US Highway 22, the facility offers excellent visibility and access to those residing in the suburbs of North Plainfield, in a densely populated area of 122,000 people within a three mile radius.…

Featured Broker: Ashley Compton

Ashley Compton is a Principal and Vice Chairman at Colliers and also a leader of the Colliers Self Storage group which specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach…

JLL Capital Markets Facilitates Financing for Andover Properties’ Self-Storage Facility in Fort Myers, FL

JLL Capital Markets announced that it has arranged refinancing for Storage King USA – Fort Myers Highway 80, a 633-unit self-storage facility in Fort Myers, Florida. Working on behalf of Andover Properties, JLL secured a five-year loan from Choice Bank. The proceeds will refinance the existing loan and fund Phase II development, adding 89,721 square feet of additional storage space. Located at 11351 Palm Beach Blvd., Storage King USA benefits from high visibility with over 30,000 vehicles passing daily. Fort Myers is experiencing rapid population growth yet remains underserved in…

StorSafe Self Storage Partners with StoreEase to Roll Out Cutting-Edge Virtual Solution Across StorSafe’s Portfolio in the US

StorSafe Self Storage, a leading provider in the self-storage industry with 28 locations across 7 states, is excited to announce an expanded partnership with StoreEase Virtual Management. This collaboration marks a significant step forward in improving customer service and operational efficiency across StorSafe’s portfolio. In a move designed to streamline operations, drive revenue, and enhance customer interactions, StorSafe Self Storage has successfully integrated StoreEase Virtual Management’s Call Center Software into all its facilities. The transition to this advanced technology has already yielded immediate results, with increased customer move-ins across the…

Recent Transactions: 8.13.2024 – 8.19.2024

Property: Oak Crest Storage Location: Iowa City, IA Address: 4942 Oak Crest Hill Road S.E., Iowa City, Iowa Year Built: 1999 Brokers and Brokerage: George Kondracke, Jon Ruzicka, Brian Kelly, Gabriel Coe, Nathan Coe and Brett Hatcher of the Hatcher Coe Group of Marcus & Millichap Acreage: 5.70 NRSF: 34,397 Unit Count: 261 units (27 climate-controlled units, 101 non-climate-controlled units, 22 enclosed parking spaces, 109 uncovered parking spaces, and two leasable offices) Occupancy: Highlights:   Portfolio: 19 Self-Storage Portfolio Location: Across the Southeast U.S ( FL, GA, AL and NC)…