Author: Alison DeJaeger

InSite Property Group Acquires A Storage Center in Tacoma, WA

InSite Property Group – the vertically integrated self storage acquisition, development, and management company – announces the acquisition of A Storage Center in Tacoma’s Parkland neighborhood. Located at 220 112th Street East in Tacoma, WA, the property offers 66,773 square feet of drive-up and interior heated and non-heated units. The store is surrounded by apartments, with 41,000 cars per day passing directly in front. The facility will be operated by InSite’s wholly-owned management firm and rebranded as SecureSpace Parkland Tacoma. Our planned renovation will position the store as one of…

Featured Broker: Jordan Farrer

Jordan Farrer serves as an investment specialist for The LeClaire-Schlosser Group. His service is focused on the disposition and acquisition of self storage facilities in Utah and surrounding regions. Jordan is a Utah native, from St. George, and he graduated from Dixie State University with a Bachelor of Science in finance. Before joining Marcus & Millichap, Mr. Farrer worked with a real estate private equity firm, a local consulting group and in sales. With the equity group, he was charged with creating relationships with owners and clients, underwriting and presenting…

SpareBox Storage Acquires 28 Stabilized Self Storage Properties in Michigan and Ohio

SpareBox Storage, a national self storage platform focused on consolidating the highly fragmented self storage sector across the United States, announced today that it has acquired 28 stabilized properties in Michigan and Ohio and has added 1.9 million net rentable square feet to its portfolio. With this acquisition, SpareBox has opened up seven new markets in the Midwest with strong underlying fundamentals and demographics. Steve Treadwell, CEO of SpareBox Storage noted, “We are incredibly proud to complete our largest acquisition to date, with the addition of 28 properties in thriving…

Recent Closings: 9.21.21 – 9.27.21

Property: Watertown Storage Three Property Portfolio Location: Watertown & Evans Mills, NY Brokers and Brokerage: Luke Dawley, Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 172,999 Unit Count: 1,307 Room for Expansion: Yes Highlights: One of the Largest Storage Facilities in Northern New York Two of the Sites Are Less Than a Mile from Each Other | The Third Site is Ten Miles Away Tenant Insurance Program and New Management Software Rolled Out in January 2021 New U-Haul Truck Rental Program Ready to…

How Safe Are Your Access Control Solutions? Part One

Safety and security are hallmarks of today’s self storage industry. In competitive markets, solutions that protect tenants’ physical safety and the security of their possessions are differentiating factors — they separate market leaders from the rest of the pack. Increasingly, the quality of your operation’s safety and security solutions directly impacts tenant acquisition and retention. Yet it may be tempting for owners and operators to inadequately evaluate their choice in security solutions — a mistake that can have serious consequences for the bottom line of your business. If a single…

Featured Broker: Nathan Coe

Nathan Coe joined Marcus & Millichap in 2015 and emerged as one of the top storage brokers in the country. He leads a team covering the entire eastern time zone of the United States and has sold self storage properties and portfolios from South Florida to Maine and everywhere in between. He ranks in the top five nationally of all self storage brokers at Marcus & Millichap. Nathan finished 2021 in the top 40 of all Marcus & Millichap agents nationally across all product types out of about 1,900 agents.…

Sunnyvale, CA

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to find Sunnydale, a city in Santa Clara Valley, CA with less than six square feet per capita and no known developments in the pipeline. With a median household income of $134,896 and $2.34 per square foot on average, this market could be worth further evaluation. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

The Power of a Positive Review

In this day and age, we’re all aware that a positive review is a hot commodity. As a consumer, we live in a time when combing through reviews is a common practice, especially when making important purchasing decisions. What tends to be thought of as a “black spot” are negative reviews. However, positive and negative reviews build consumer confidence, increase knowledge and validate the offered services. Isn’t that crazy!? That means a customer’s one-star-review about after-hour access issues is just as valuable as the five-star review, which details the excellent…

JV Purchases Eight-Property Portfolio in Virginia and Maryland

A joint venture involving ASB Real Estate Investments and Arland Property Co. acquired a 595,888-rentable-square-foot self storage portfolio of eight buildings in Virginia and Maryland. The joint venture was in behalf of the ASB Allegiance Real Estate Fund, a $7.4 billion core vehicle that now totals 26,600 units and 2.3 million square feet. Virginia Chesapeake Resources Inc. was the seller. Self-Storage Plus will manage the properties. Source

Trojan Storage Plans Large Self Storage Facility in San Fernando Valley

Trojan Storage is looking to build a 167,000-square-foot self storage facility in the San Fernando Valley, expanding in a Los Angeles market that is the biggest in the nation in that sector. The firm is planning the complex at 14201 South Paxton Street in Arleta, according to data from PropertyShark. The proposed facility would rise on a vacant lot spanning 2.8 acres. KoBre Holdings, Trojan’s parent company, did not respond to a request for comment. The largest planned structure in the project is a three-story self storage facility that spans 152,280 square…