Day: July 27, 2021

What Is in a Feasibility Study?

A feasibility study provides boots-on-the-ground research for a market of interest. The data collected is granular and covers all relevant components of a project including economic conditions, legal aspects and scheduling considerations. The goal is to determine the viability of a successful operation in that particular trade area by objectively evaluating the strengths and weaknesses of that market. A sample report can be viewed here.

Janus International Agrees to Acquire Building Components Manufacturer DBCI

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced that it has signed a definitive agreement to acquire DBCI, a manufacturer of steel roll-up doors and building products for both the commercial and self storage industries and a part of Cornerstone Building Brands (NYSE: CNR) (“Cornerstone”). The acquisition broadens Janus’s customer set by gaining direct access to DBCI’s core general contractor and distributor base and provides an opportunity to deliver more…

Featured Broker: Jesse Cameron

Jesse Cameron joined the Hatcher Group in 2020 with a strong background in negotiation, sales and marketing. He primarily focuses on Southern California, Arizona, Nevada, New Mexico and Utah. Jesse strives to represent his clients with a high level of integrity and work ethic and uses his experience in negotiation and creative problem solving to achieve the optimal outcome in each transaction.

Pogoda Companies Adds Five More Properties in the First Half of 2021

Pogoda Companies is pleased to announce the addition of five more properties to its growing self storage portfolio. Three were in the Grand Rapids, Michigan MSA and two were in the Detroit, Michigan MSA. Each has been rebranded under Pogoda’s trademarked name, National Storage Centers. We are growing the portfolio with the goal of adding properties in markets we already compete.” National Storage Centers – Alpine I – Pogoda has managed this facility since 2016 and bought this property off-market. It consists of 48,760 sq. ft. and 314 units, has an…

Proactive Strategies to Drive Revenues

In today’s ultra-competitive self storage market, many independent owners are unsure about what to focus on to keep their property competitive and increase its value. With the continued growth of the REITs, regional operators and third-party management platforms, many independent operators are facing more skilled and well-capitalized competitors than ever before. So, how can an independent self storage operator not only stay competitive, but preserve and increase their value as well? It is simple; independent operators need to change their attitudes and processes to become more proactive. Below are four…

Cherryfield Self Storage, Brevard, NC, Sold

Midcoast Properties Inc. announces the recent sale of Cherryfield Self Storage, located at 377 Old Rosman Rd., Brevard, NC. Dale C. Eisenman, broker in charge, along with Robert Moss, represented the seller. The facility was sold to an out of state regional operator. The facility, situated on 4.61 +/- acres, with 37,350 rentable square feet, has 377 storage units, which includes both standard drive up units and climate controlled units as well as outdoor parking. This well maintained facility is primed to add climate controlled units and is the only…

Self Storage in Six Mile, SC Sold By Midcoast Properties, Inc.

Midcoast Properties, Inc. is pleased to announce the sale of Lake Keowee Storage, located in Six Mile, SC. Dale C. Eisenman, broker in charge along with Michael Morrison of Midcoast Properties, Inc., represented the seller. The facility was sold to an out of state development company. Lake Keowee Storage offers 155 enclosed RV, boat and camper storage and is situated on approximately 10.5 acres. Amenities include perimeter fencing and 24/7 computerized gate access. This property also offers an opportunity for expansion. This facility is located at 3376 Walhalla Hwy., Six…