Michael is a Principal at Versal, a leading real estate brokerage firm based in Austin, TX. With a career spanning over a decade, he has honed his expertise specifically on the sale and refinancing of self-storage properties across the United States. Since entering the self-storage industry in 2012, Michael has dedicated himself as a trusted advisor for clients looking to navigate their acquisition and disposition strategy. He has successfully completed over 330 real estate transactions ranging from small independent facilities to large portfolios. His deep knowledge of market trends and…
Day: October 28, 2024
Recent Transactions: 10.22.2024 – 10.28.2024
The recent self-storage transactions across Carbondale, Illinois and Texas markets (Georgetown, Denton, and Conroe) highlight a trend toward acquiring established facilities in rapidly growing areas. Texas, in particular, shows strong investor interest, likely due to its population growth and economic expansion, which bolster demand for self-storage. The properties’ varied features—ranging from climate control and drive-up units to advanced security measures—demonstrate a competitive focus on diverse customer needs and facility functionality, reflecting an emphasis on enhancing service offerings in high-demand markets. Portfolio: Four-Property Self Storage Portfolio Location: Carbondale, IL Brokers…
West Coast Self-Storage Opens New Location in Santa Rosa, CA
West Coast Self-Storage is excited to announce the opening of its brand-new self-storage facility in Santa Rosa, CA. West Coast Self-Storage Santa Rosa – Piner is located at 970 Piner Road in North Santa Rosa, and features 613 storage units encompassing 46,910 rentable square feet. The facility is designed to cater to a wide variety of storage needs with unit sizes ranging from small lockers to larger spaces, ideal for personal, business, and student storage. The property is equipped with climate-controlled units and advanced security measures, including 24-hour surveillance cameras,…
New Modular Self-Storage Unit Launched at Texas Self Storage Association Annual Trade Show & Conference in Texas
AMDG Innovations announced an inexpensive, modular solution for self-storage owners at the Texas Self-Storage Association (TSSA) annual conference and trade show. While the product is new to the United States, it has been installed more than 200,000 times in other countries over 15+ years and has a long history of performance. Besides pricing, what makes it different from other modular systems is the fact that it is flat-packed and easy to deliver to any site. Two workers can fully assemble the unit in four hours or less with basic tools.…
Rosewood and Diamond Point Partner Breaks Ground on a Self-Storage Facility in Carmel, NY
Rosewood Property Co. and Diamond Point Development have broken ground on an 81,000-square-foot, three-story self-storage facility in Carmel, N.Y. Upon completion in late 2025, it will include 800 climate-controlled units set to be managed by Extra Space Storage. Dallas-based Rosewood is the majority equity partner with Atlanta-based Diamond Point Development leading development of the project in Carmel, which is located about 62 miles north of New York City. Situated at the intersection of U.S. 6 and Baldwin Place Road, it will be Rosewood’s second location in New York’s Hudson Valley.…
U-Haul Opens a New Self-Storage Facility in Olive Branch, MS
U-Haul® announced the opening of its first retail, moving and self-storage center in Olive Branch to better meet the needs of residents in and around DeSoto County. U-Haul Moving & Storage of Olive Branch at 4209 Goodman Road began serving the public on Oct. 18. Store hours are 7 a.m.-7 p.m. Monday-Thursday and Saturday; 7 a.m.-8 p.m. Friday; and 9 a.m.-5 p.m. Sunday. Reserve storage or moving equipment on the U-Haul app or call U-Haul of Olive Branch at (662) 782-2318. The Company’s 14th owned-and-operated store in Mississippi sits on…
Battlefield Storage Opens New Self-Storage Facility in Fort Oglethorpe, GA
Battlefield Storage announces the grand opening of its new self-storage facility, at 115 Lakeshore Dr. in Fort Oglethorpe. The facility offers 644 climate-controlled units, available in a variety of sizes ranging from 5’x5′ to 10’x25′. The facility’s hours of operation are Monday through Friday, 9:30 a.m.-5:30 p.m., and Saturday from 9 a.m.-3 p.m. Gate access is available to tenants from 6 a.m.-10 p.m. daily. Battlefield Storage provides ample, well-lit parking and an office where customers can purchase a selection of retail packing and moving supplies. To celebrate the grand opening,…
RV/Boat Storage Facility Receives Favorable Recommendations in Maxwell, IN
The Hancock County Plan Commission gave a favorable recommendation to proposed RV/boat storage facility Outback Storage’s request for a rezone to Industrial Light, albeit with multiple conditions placed on the recommendation at the commission’s October meeting. The conditions from the commission were approval for the inclusion of an 8-foot privacy fence and a special use exception for outdoor RV/Boat Storage from the Board of Zoning Appeals (if the BZA did not approve those exceptions, the zoning would revert to its current residential zoning) and additions to the project’s development plan…
Self Storage Opens with Professional Management in Graniteville, SC
Local owners of Boxville Storage proudly announce the opening of the self-storage facility at 7060 Midnight Pass Graniteville, SC 29829. This facility, being managed by Absolute Storage Management (Absolute) features 718 units totaling 75,440 rentable square feet. It offers safe and secure non-climate unit options to the local communities of Warrenville, Midland Valley and Graniteville. BVS Graniteville SC, LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of October 21, 2024. Residents and businesses in the…