Day: June 25, 2021

Just Closed: SouthPoint Storage

The Williams Storage Group is pleased to announce the recent closing of Southpoint Storage in Terre Haute, Indiana. Marla Čolić, Senior Associate with Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the Seller, a local owner/operator. SouthPoint Storage is an immaculately maintained storage facility in the growing Terre Haute, IN market.” According to Čolić, who also procured the buyer, “SouthPoint Storage is an immaculately maintained storage facility in the growing Terre Haute, IN market. The seller is divesting into a new…

Andover Properties Closes on CubeSmart Self Storage in Phoenix, AZ

Andover Properties, LLC (dba Storage King USA) has recently acquired CubeSmart Self Storage in Phoenix, AZ, marking its third acquisition in the Phoenix MSA and eighth in the state. This property has had rapid lease-up growth to date given its high-end construction quality and prime location at a busy intersection. Our business plan is to stabilize occupancy and bring rates up to the market.” The 72,388 NRSF multi-story property, which opened in September 2018, is 100% climate controlled. The property is well situated at the intersection of W Glendale Ave…

Four Ways COVID-19 Changed the Self Storage Industry

The COVID-19 pandemic changed the way we live and work and the self storage industry has been no exception. As communities across the nation emerge from the pandemic, it’s becoming clear that many of the changes within our industry are here to stay, including: Contactless rentals — E-commerce and online purchasing kicked into high gear during the pandemic. In self storage, tenants embraced contactless rentals and digital payment routines and now expect the ability to complete self storage transactions online. In the future, owners and operators need to prioritize streamlined…