Author: Alison DeJaeger

Cannabis and the Self Storage Industry

The year is 1983. You dance your way into the kitchen while enjoying Lionel Richie’s smashing new hit “All Night Long”, pour yourself a nice tall glass of Tang and flip on Good Morning America. Poised front and center is the always classy FLOTUS, Nancy Reagan, and you hear her utter that infamous phrase for the first time, “JUST SAY NO.” This phrase has echoed throughout the decades but the war on drugs has shifted tremendously since that point in time. All but two states now have some form of…

Talonvest Capital Arranges $23.1 Million Acquisition Loan for Metro Boston Self Storage Facility

Boutique commercial advisory firm Talonvest Capital has arranged a $23.1 million acquisition loan for a 1,351-unit self storage facility located in the southern Boston suburb of Quincy. The climate-controlled property spans 103,562 net rentable square feet. An undisclosed life insurance company provided the nonrecourse loan, which carried a four-year term and three years of interest-only payments, on behalf of the borrower, Madison Capital Group. Source

Recent Closings: 4.5.22 – 4.11.22

Property: The Storage Lot Location: Catawissa, MO Brokers and Brokerage: Anne Williams-Blackwell and Marla Čolić of the Williams Group of Marcus & Millichap NRSF: 19,266 Acreage: 2.68 Unit Count: 147 Room for Expansion: Yes Value-Add Storage Facility In St. Louis, MSA Completely Fenced and Gated Year 1 Cap Rate 7.33 Percent Year 1 Cash-on-Cash of 10.32 Percent Property: Alpha Storage Centers Location: Arlington, TX Brokers and Brokerage: Brandon Karr and Danny Cunningham of Marcus & Millichap NRSF: 88,107 Unit Count: 290 Property: Stadium Storage Location: Everett, WA Brokers and Brokerage:…

Featured Broker: Ian Lindahl

Ian Lindahl is an investment associate with a decade of sales experience in many different fields which allows him to adapt and understand what his clients’ needs are. His understanding of relationships in the industry and being available at all times makes him a pleasure to work with. When not in the office or in the field with clients, Ian enjoys spending time skiing in the mountains or golfing in the foothills. His wife and dog are constant reminders of what matters most.

Five Digital Marketing Tools Every Self Storage Facility Needs

With online commerce becoming an ever-growing necessity, having a presence online for your self storage facility is non-negotiable anymore. Don’t lose sleep over your digital marketing efforts. You can make sure your self storage facility is reaching your customers effectively with these five digital marketing tools. 1. Website A website is the place customers often visit more frequently than a physical location because it’s a fast, easy and constantly open digital store front. It’s a place for your customer to get to know your self storage facility and the products…

Alexandria, VA

Using the Market Discovery Tool from StorTrack Explorer, we were able to view market data on Alexandria, VA, an independent city located on the Potomac River, just south of Washington DC. With 22 stores in this market and one development in the pipeline, analyzing an opportunity in this market is critical. The city is characterized by a high median household income and strong population demographics. Throughout the past 12 months, all facilities in this market have consistently had higher rental rate per square foot averages for a ground floor, non-climated…

Featured Broker: Ben Salmonsen

Ben Salmonsen is a third generation real estate agent and co-founder of Salmonsen Group Realtors, INC. After graduating at the top of his class from the University of Arkansas in the real estate finance and development program, he started his career in Dallas, TX. Ben is passionate about helping clients engage in successful real estate transactions helps him provide an unparalleled level of representation and advocacy.

KKR Buys Self Storage Properties in Denver and Nashville

Private equity powerhouse KKR has added to its national self storage portfolio with the purchase of three Class A properties in Denver and Nashville. The properties were acquired by KKR’s Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III, in two separate transactions with two separate sellers. Denver and Nashville are important destinations for our self storage investing strategy and we are excited to grow our footprint in both markets with the purchase of three modern, well-located properties.” The two Denver properties were completed in 2017 and…

Storage Post Buys Four New York Self Storage Facilities Totaling 3,900 Units

Atlanta-based self storge investment firm Storage Post has acquired four facilities totaling 3,900 units in the New York City area. Specifically, the properties, which span more than 370,000 gross square feet, are located in Garden City, Floral Park, Huntington Station and Yorktown Heights. Storage Post has operated the facilities on behalf of the seller, an undisclosed institutional investor, since 2016 and will continue to do so following the change in ownership. Source

Recent Closings: 3.29.22 – 4.4.22

Property: Ace Self Storage Location: Lawrence, KS Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 43,900 Unit Count: 236 Non-Climate Controlled Units, 53 Outdoor Parking Spaces, Eight Retail Spaces and One Apartment Property: Scenic Self Storage Location: Littlefield, AZ Brokers and Brokerage: Sean M. Delaney and Robert Cook of Marcus & Millichap NRSF: 34,845 Unit Count: 245 Non-Climate Controlled Units and 113 Outdoor Parking Spaces Property: Public Storage (managed) Location: Linden, NJ Brokers and Brokerage: Scott Schoettlin and Aaron Sanchez of SkyView Advisors NRSF:…