Author: Alison DeJaeger

Coming to Gillette: U-Haul Developing Land for New Store by 2023

A new U-Haul® retail, moving and self-storage facility is coming to an undeveloped site at 1125 Boxelder Road in Gillette. U-Haul Moving & Storage of Gillette is scheduled for completion by 2023. Plans call for an attractive three-story structure encompassing more than 100,000 square feet. The store will offer 700-plus indoor, ADA-accessible self-storage rooms with climate-control options and high-tech security features at affordable price points. “Our closest U-Haul-owned and -operated facility to Gillette is over 100 miles away in Casper,” said Paul Johnson, U-Haul Company of Wyoming president. “Opening a convenient self-move facility with state-of-the-art storage is important to…

Clutter Refinances New York Self Storage Properties with $118 Million Loan

Los Angeles-based storage operator Clutter has refinanced a four-property portfolio it owns in the New York metro area with a  $118.3 million bridge loan. The non-recourse loan was negotiated by Talonvest Capital Inc. and features a low floating rate and a three-year term with two extension options. The level of support we received from Talonvest in managing and executing the lender process was phenomenal. We truly benefited from partnering with a team that understood our needs and kept our best interest in mind.” The four-property portfolio is located in Yonkers,…

Recent Closings: 10.19.21 – 10.25.21

Property: Settlers Landing Self Storage Location: Concord, NC Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap and Sean Delaney of Marcus & Millichap NRSF: 21,773 Unit Count: 355 Acreage: 2.07 Room for Expansion: 12,000 NRSF Approved Drive-Up Units Highlights: Newly Built, Class A Self Storage Facility Excellent Location and Visibility – Located off US Route 29 High Daily Traffic Counts: 12,000 Cars/Day Dense and Growing Surrounding Population: 107,053 People Living within a Five-Mile Radius – Represents a 102% Increase Since 2000 Affluent…

Connie Neville

Constance (Connie) Neville, J.D., is a managing director and co-chair of the Self Storage Product Council for SVN. She specializes in the sale of self storage facilities in New England. As a member of the SVN Asset Recovery Team (SVNART) during the great recession Connie represented regional banks and lenders in the disposition of troubled loans and foreclosed properties. Locally, Connie works with landlords and tenants leasing retail and office properties in Lexington, MA. On a national level Connie has clients who remediate, reposition and re-develop environmentally impacted properties. In…

Featured Broker: Gabriel Coe

Gabriel Coe is a senior vice president of investments with the Hatcher Group of Marcus & Millichap. In his first six years with Marcus & Millichap, Gabriel has sold over $1.5 billion in self storage transactions, representing properties in 33 states. Gabriel and his team have closed 98 properties YTD in 2021 and are on pace to close roughly 150 properties this year totaling over $1 billion. Gabriel is currently ranked first (tied with his partner Brett Hatcher) within the National Self Storage Group at Marcus & Millichap. Gabriel has…

Colliers Represents Seller on $7.9 Million Self Storage Sale

Senior Vice President Tom de Jong and Transaction Coordinator Dana Chobor of Colliers’ Self Storage Group represented the seller, GS Kelly Family Partnership, in the $7.9 million sale of North Main Mini Storage facility in the Monterey Bay town of Salinas, California. The sale closed on October 7, 2021 and was purchased by Kirkland, Washington-based Northwest Building, LLC, one of the Puget Sound’s largest commercial real estate development, investment, and management firms. The former North Main Mini Storage facility will be operated under the West Coast Self Storage brand name…

Recent Closings: 10.12.21 – 10.18.21

Property: Barker Cypress Self Storage Location: Houston, TX Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 56,050 Unit Count: 130 Climate Controlled and 339 Non-Climate Controlled Acreage: 2.89 Year Built: 1996 Year Expanded: 2003 Highlights: Amenities Including Video Surveillance, Automatic Entrance Gate with Key Code Access, Roll-Up Doors, Concrete Driveways and a Full-Service On-Site Manager’s Office and Residence Multiple Offers within 24 Hours of Marketing Listing Best and Final Offer Accepted One Week Prior to Call for Offers Deadline Upside…

How to Deal with Fake or Negative Reviews

Online reviews are the new “word of mouth.” For years businesses relied on happy customers to relay their satisfaction to friends and family—aka, potential new customers—via word of mouth. But in today’s mobile world, word of mouth has been effectively replaced with online reviews. With easy access to the Internet, consumers have changed the way they shop for pretty much every product or service available. Rarely does anyone make a purchase without looking up reviews online. It’s simply part of the decision-making process now, and it can be argued that…

Featured Broker: Bill Brownfield

Bill Brownfield has been in the commercial real estate industry since 1978 and is a designated CRE (Counselor of Real Estate) and a CCIM (Certified Commercial Investment Member). Since 1998, he has handled company and client property purchases and dispositions valued in excess of $1 billion (self storage, office and retail). Bill’s focus shifted to the self storage industry in 2008 and in both 2015 and 2013 he was awarded the national Top Producer Award for Argus Self Storage Advisors, an affiliation of approximately 40 self storage brokerage firms. Bill…

Featured Broker: Faith Pate

Faith Pate is a key member of the Argus Self Storage Sales Advisors’ Central & South Texas team, a partnership between Brownfield & Associates, LLC and MLB Commercial Real Estate. The partnership is dedicated to providing outstanding service to self storage owners and investors. Faith focuses on various property investment types including self storage, land and private equity. She works closely with owners (sellers and buyers), private equity firms and their related portfolio companies. Faith has experience in sale leasebacks, FASB compliance, lease administration and reconciliations, all of which help…