RecNation Expands its Location Near ‘The Villages’ in Orlando, FL

RecNation Storage, a leading owner, operator and developer of specialized RV and boat storage facilities in the United States, announced the closing of its latest property in Fruitland Park, Florida, with a new acquisition positioned near “The Villages” in the Orlando area. This marks RecNation’s sixth location in the Orlando market, underscoring its commitment to meeting the needs of recreational enthusiasts. This latest acquisition complements RecNation’s dedication to providing exceptional service and convenience for customers nationwide. This acquisition is strategically located adjacent to the eastern entrance of The Villages, the…

Storage Unit Facility Opens at Former Rugg Manufacturing Company Property in Greenfield, MA

A storage unit facility has opened at the former Rugg Manufacturing Co. property. Premier Self Storage at 105 Newton St., which offers 197 climate-controlled units of various sizes, welcomed Mayor Ginny Desorgher at a ribbon-cutting ceremony for its grand opening last week. “It’s always a wonderful day for the city when any business is opening, and this is a wonderful addition to our community,” Desorgher told owners Jim and Ellen Boyle and their family. “I wanted to extend my congratulations to you and to wish you many years of success,…

Morphosis-Designed Storage Facility Unwrapped at Osage Avenue, CA

Just west of the 405 Freeway in Westchester, the exterior of a new self-storage facility designed by Morphosis has been unveiled. The project from Cardiff Mason Development, built on the former site of a mortuary at 7366 Osage Avenue, is an approximately 50,000-square-foot building consisting of three above-grade levels, three below-grade levels, and parking for 17 vehicles. Renderings of the Osage Avenue development depicted a building with a metal exterior inlaid with text, highlighted by a yellow painted wall beneath exterior screens. The real-life product features a darker shade of…

West Coast Self-Storage Opens New Location in Palm Desert, CA

West Coast Self-Storage is excited to announce the opening of its brand-new self-storage facility in Palm Desert, CA. West Coast Self-Storage Palm Desert, located at 73761 Spyder Circle in Palm Desert, is designed to provide high-quality storage solutions to the local community. The facility features 529 storage units encompassing 38,504 rentable square feet, all of which are ground level for easy accessibility. Most units are climate-controlled, ensuring the protection of temperature-sensitive items, and the facility also offers a selection of drive-up accessible units for convenient move-ins and move-outs. Additionally, the…

StorageBlue Announces Opening of Their New Self-Storage Facility in Newark, NJ

StorageBlue, the most dominant self-storage company in North Jersey and the brainchild of E! Entertainment Television Founder Alan Mruvka, today announced the grand opening of their new self-storage facility, StorageBlue Newark, located in and serving the city of Newark and Harrison, NJ. The Class A facility is strategically located in the Ironbound section of Newark at 425 Ferry St. and offers 100,000 plus square feet of climate-controlled self-storage space, with units ranging from 2’x4′ to 20’x20′. The facility sits on one of the heaviest trafficked main streets in Newark where…

Regency Affiliates Announces Buyout of Self-Storage Minority Partner

Regency Affiliates, Inc. (OTC Pink: RAFI) (“Regency”) today announces the buyout of a self-storage minority partner. In 2016, Regency purchased five stand-alone self-storage facilities via a joint venture with SSCP Management LLC (“SSCP”) in the Harrisburg, Pennsylvania area. The portfolio was acquired for a total purchase price of $35MM of which $25.3MM was financed via a non-recourse ten-year debt financing, with a four-year interest-only period that ended in May 2020 and thereafter a thirty-year amortization schedule. The debt financing, which is secured by the self-storage facilities, has a fixed interest…

Mabey’s Moving & Storage Opens New Self-Storage Facility in Ballston, VA

Mabey’s Moving & Storage, a longtime family owned and operated company, is growing in the Capital Region with the opening of its newest storage facility in Ballston. “The facility is a fully climate-controlled building, around 56,000 square feet, with 350 units,” said Greg Blass. He is part of the third generation of company leadership. Security is a main focus at the new space, with cameras throughout the building, and an on-site manager who’s always happy to greet customers and answer questions. With this new addition, Mabey’s now has a grand…

Self Storage Market of the Month: Reston, VA

StorTrack’s featured market this month is Reston, VA. Reston is experiencing strong economic growth and population increases, fueled by its tech industry and proximity to D.C. With urbanization, rising housing density, and a high median income, Reston offers opportunities for developers to serve a growing and affluent community. How is Reston 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 Reston, VA…

Recent Transactions: 10.08.2024 – 10.14.2024

The seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center’s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.   Portfolio: The Storage Center (three-property) Locations: Austin and…

Featured Broker: Jon Danklefs

First Vice President Jon Danklefs joined Marcus & Millichap in October 2012, was promoted to Senior Associate 2016 and was appointed to First Vice President Investments in 2020. Based in San Antonio, Jon focuses his brokerage efforts on self-storage properties in Central and South Texas and has successfully closed sales in San Antonio, Corpus Christi, Laredo, the Rio Grande Valley, El Paso, Permian Basin, West Texas, Houston and East Texas. In addition to self-storage, Jon has a track record of success with multiple land development and redevelopment sales. Taking full…