Day: December 3, 2024

Self-Storage Investment Surge: Key Transactions and Trends from the Second Half of 2024

Overview StorTrack data shows steady activity in the self-storage sector in the second half of 2024, with 110 transactions completed across the United States. To date, multi-operators and REITs (Real Estate Investment Trusts) each represented over 40% of the total transaction volume, with investment activity largely concentrated in the Southeast. Multi-operators were especially active in the Midwest, completing five transactions involving Storage Rentals of America facilities in Michigan and Illinois. Meanwhile, REITs focused their efforts primarily on the Southeast, with Florida standing out as a key market. Transaction Breakdown by…

Development in Self Storage: A Lesson in Delayed Gratification

Self-storage development has emerged as a compelling opportunity in the real estate market, offering steady returns and economic resilience. However, success in this sector often requires embracing the principle of delayed gratification – the ability to forgo immediate rewards for greater long-term benefits. The delayed gratification comes in the form of appreciation, depreciation, cash flow, and the ability to use amortization, which provides several key advantages: Equity growth: In an example of a $10M new development, your initial $1.5 million (15% down) investment using a SBA loan could grow to…

Featured Brokers: Chad Snyder & Tyler Trahant

Chad Snyder is a Co-Managing Director at Dominus Commercial in Fort Worth, Texas. With a diverse background in real estate, finance, and oil and gas, Chad brings a unique perspective to his role. Prior to joining Dominus, Chad served as a Senior Associate at Colliers International, specializing in self-storage and office tenant representation. His expertise in representing mid-sized office tenants in the Dallas/Fort Worth area, particularly in Tarrant County, is complemented by his ability to provide in-depth market analysis and insights. As a seasoned professional in the self-storage sector, Chad…

U-Haul Opens First Self-Storage Facility in Rocky Mount, NC

U-Haul is opening its first retail, moving and storage center today in Rocky Mount to better meet the residential mobility and self-storage needs of Nash and Edgecombe Counties. U-Haul Moving & Storage of Rocky Mount at 131 S. Wesleyan Blvd. was acquired on Nov. 20. The 8.59-acre property was previously the site of Rocky Mount Storage. The facility, which offers a variety of 457 indoor climate-controlled storage units for rent, also has truck and trailer sharing; a retail showroom with boxes and moving supplies; and green initiatives like the Take…

Talonvest Capital Negotiates $7.8 Million Construction Loan for a Self-Storage Facility in Woodstock, GA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and Coro Realty Advisors, are pleased to announce the $7,835,000 construction financing for a Class-A, self-storage development located at 300 Ridgewalk Parkway, in Woodstock, Georgia. Ideally situated at the intersection of Ridgewalk Parkway and Ridge Trail, adjacent to high-traffic retailers, the climate-controlled property will be a two-story building with a drive-up basement and have 79,674 NRSF. This high-barrier location in a rapid-growth residential area of the Atlanta MSA offers direct access to I-575, which serves as the primary…

Go Store It Opens New Self-Storage Facility in Redlands, CA

Go Store It Self Storage has opened its latest state-of-the-art storage facility in Redlands, California. Go Store It Redlands is strategically designed to meet the needs of the Redlands community and the rapidly growing Inland Empire. The 114,750-square-foot, 838-unit facility sits on approximately six and a half acres and has over 400 feet of frontage on one of Redland’s major arterials, Wabash Avenue. This new facility is tailored to fill a significant storage gap in the region, where existing storage options are limited to just 2.3 square feet per capita,…

U-Haul Buys Land to Develop Storage Facility in Oakland, MD

U-Haul is developing U-Haul Moving & Storage of Deep Creek Lake, a 980-unit retail, moving and self storage facility in Oakland, Maryland. The center is slated for completion in January 2026. U-Haul acquired the property on Oct. 22. The future four-story development will cover a 2.5-acre site and will feature climate- and non-climate-controlled options, as well as truck and trailer sharing, professional hitch installation, towing accessories, a retail showroom and a drive-in load/unload area. The development will be at the intersection between Garrett Highway and Glendale Road. The closest U-Haul…

Recent Transactions: 11.26.2024 – 12.02.2024

Property: Hinckley Storage Location: Hinckley, MN Brokers and Brokerage: Nathan Gottlieb, Matt Haugen, Alex Ihrke, and Tom Flannigan of Argus Self Highlights: The facility consists of all steel, drive up units Fully occupied facility Plans to implement software and revenue management   Property: Boon Self Storage Location: North Chili, NY Year Built: 2021 Buyer: Mitra Investment Partners(for its Mitra Diversified Fund I portfolio) Highlights: Fully occupied self-storage property Reflects strong local demand for quality storage options Plans to lease the on-site industrial-flex space will unlock additional value and diversify revenue…