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With an in-depth understanding of real estate market dynamics and utilization of data driven technology, Parker has proven to be a valuable asset to Storage Exchange and its clients. Prior to joining the Storage Exchange team, Parker worked as a residential real estate agent with Keller Williams in Newport Beach, CA. Connect with Parker: parker@storageexchange.com 949-533-6977
Property: Michigan Center Storage Location: Michigan Center, MI Broker and Brokerage: Kirk Martin of the Lindsey Self Storage Group NRSF: 41,395 Property: Woodbury, CT Storage Development Opportunity Location: Woodbury, CT Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 23,690 Units: 217 Climate-Controlled Units Highlights: Fully Approved Class-A, All Climate Controlled, Single-Story Facility Affluent Area: Average Household Income of $138,630 for People Living within a Three Mile Radius Litchfield County Is an Affluent Secondary Home Market with High…
PTI Security Systems, the global leader in access control technologies for the self storage industry, announced today that David Shaw will be named as managing director effective December 1, 2022. David Shaw joined PTI as the director of engineering in January 2018. As the director of engineering, he played a key role in advancing PTI’s cloud-based access control solution, StorLogix Cloud, and has led several initiatives to improve the technology enabling PTI’s hardware and software solutions. He has more than 20 years of executive experience in various engineering and information…
Cloud computing creates new opportunities for self storage operations by relocating data and applications from on-premise servers to the cloud. Although specific features vary based on the cloud solution, there are several ways it can benefit your self storage business. 1. Enhanced control. The cloud improves facility management by extending the functionality of access control keypads, lighting, HVAC and other smart connected devices. The centralization of data expands the potential to monitor, control and command nearly any device in your network. 2. Lower costs. Cloud computing reduces costs by minimizing…
Rental income increased Nationwide due to the increases in asking rental rates even though the physical occupancy decreased. The graph below shows the rental rate averages for the other non-climate controlled, down stairs, standard unit sizes that are offered at storage facilities Nationwide. Notably, rent per available square foot increased in the 3rd Quarter 2022 for both Nationwide and REITs. The REITs had very strong performance this year, and the pandemic caused the market sector to recover stronger than the normal self storage yearly cycle. This demonstrates the sector’s resiliency during the…
Property: Storage General Location: Layton, UT Brokers and Brokerage: Jordan Farrer and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap NRSF: 86,105 Property Layout: Eleven stand-alone single-story buildings Property: Savannah HWY6 Self Storage Location: Rosharon, TX Buyer: Montfort Capital Partners Seller: Quintet Capital Group Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets Units: 678 (75% climate-controlled units plus drive-up units in six single-story storage buildings and 900 square feet of office space) Property: 10 Federal Self Storage Location:…
JLL Capital Markets announced today that it has arranged the recapitalization of two newly constructed self storage facilities totaling 1,975 units in the San Diego and Los Angeles metropolitan areas of California. JLL recapitalized the properties on behalf of the seller, Baranof Holdings. Clarion Partners is Baranof’s new partner, buying out the ownership stake previously held by another partner of Baranof, Invesco Real Estate, a global real estate investment manager. Lemon Grove Self Storage is located at 8016 Broadway in the Lemon Grove area of San Diego, immediately east of…
Massive self-storage units seem to be everywhere in the Bradenton area these days and more are coming. Developers recently filed paperwork with Manatee County Development Services to build three more within a two-mile span off State Road 64 East: ▪ Largo Lifestorage plans to build a three-story, 132,500-square-foot facility at 911 64th St. Ct. E., on the southwest corner of Interstate 75 and S.R. 64 near Wendy’s. ▪ Core Suncoast LLC plans to build a three-story 89,910-square-foot facility at 8030 State Road 64 E., across the road from a Dairy…
RecNation Storage (“RecNation” or the “Company”), a leading owner, operator and developer of specialized recreational vehicles and marine storage facilities, today announced it has completed the acquisition of a state-of-the-art storage facility in Shawnee, Kansas, marking the Company’s inaugural location in the Kansas City metropolitan market. The new facility, located at 25105 W 43rd Street in Shawnee, is just 20 miles west of central Kansas City in the Overland Park area and will provide outdoor enthusiasts across the region with access to premier recreational storage services. The facility will be…
Brett Hatcher has been with Marcus & Millichap since 2006 and is currently a senior managing director investments. In his time with Marcus & Millichap, Brett has successfully brokered over 648 transactions, totaling over $4.4 billion in real estate. An expert from the ground up to lease up, Brett is up to date in all aspects of self storage investments, including management, operations, market conditions, capital market and economic trends impacting the self storage industry. Brett’s knowledge of the self storage market is unparalleled in the industry and has consistently…
