Author: Alison DeJaeger

Recent Closings: 8.3.2021 – 8.9.2021

Property: CubeSmart Self Storage (Third Party Managed) Location: Irving, TX Brokers and Brokerage: Bill Bellomy and Michael Johnson of Bellomy & Co. NRSF: 66,698 Units: 609 Highlights: Stabilized Class-A Facility 97% Physically Occupied 14 Miles from Dallas, TX Property: Boyle Street Self Storage Location: Akron, OH Brokers and Brokerage: Brett Hatcher, Nathan Coe and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 25,220 Units: 146 Highlights: Below Market Rents Commercial Building Could Be Converted to Climate Controlled Self Storage and Professional Management Office Large Upside through Managing…

List Self Storage Offers Complimentary Data Via StorTrack’s MarketView Platform (MVP)

StorTrack, the largest and most comprehensive pricing and market intelligence database available for the self storage industry, will offer complimentary data on all listings on List Self Storage (“List”), the leading national online platform for buying and selling self storage facilities. Users can choose between a one, three or five-mile radius to view market information including the number of facilities, total and rentable square footage, average rate per square foot, square footage per capita, population, median household income and known developments. In addition, an interactive map displays the location(s) of…

Bellomy & Co. Announces the Sale of Space Self Storage in Corpus Christi, TX

Bellomy & Co. announced the sale of Space Self Storage in Corpus Christi, Texas. Corpus Christi is one hundred forty miles southeast of San Antonio. The Class B property has 300 units totaling 40,948 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Divisidero Property LLC, the Austin, Texas based seller. The team also procured the New York based buyer, Andover Properties. Bellomy & Co. is an Austin and Houston based commercial real estate firm with a team exclusively focused on the self storage industry. For more information,…

Absolute Storage Management Redesigned Website Pages to Educate New Storage Investors

After four months of research, design and dedication, the Marketing and Sales Teams from Absolute Storage Management (ASM), along with the Development Team from Go Local Interactive, are excited to announce the launch of ASM’s redesigned website pages on July 13, 2021. These pages are live now on www.AboutASM.com. Established in 2002, Absolute Storage Management (ASM) is one of the largest and most tenured third-party management companies in the self storage industry. To share their experience and knowledge, ASM decided to build out additional pages on their website dedicated to…

The Current Self Storage Landscape

Over the last twelve months, the self storage industry has gone from a desirable asset class to one of the most sought-after investments in the commercial real estate landscape. The uncertainty of the COVID-19 pandemic created a pause but 2020 would demonstrate very strong year-over-year rental growth and occupancy across most major markets. With strong performance during and emerging from the pandemic, we have seen a wave of new inventory hit the market for sale and record pricing in many markets. What is driving this wave of inventory? What is…

Argus Broker Affiliate Announces Sale of Multiple Oklahoma Self Storage Facilities

Argus Self Storage Advisors is pleased to announce the sale of the ten recent transactions below in Oklahoma by Jared Jones, CCIM, Advisor in the Tulsa, OK office. Eight properties in Oklahoma totaling approximately 380,000 from a private seller to a private buyer. One, 40,000 RSF property in the OKC MSA from a private buyer to a private seller. One, 50,000 RSF facility in the Tulsa MSA from a private buyer to a private seller. Jared Jones pointed out that “The above transactions illustrate the frothy demand buyers across the…

Recent Closings: 7.26.2021 – 8.2.2021

Property: Affordable Secure Storage Location: Selma, CA Broker and Brokerage: Tasso Douglas, Jacob Becher, Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 17,000 Units: 192 Highlights: Three Outdoor Parking Spaces High Physical Occupancy: 98.97% Undersaturated Self Storage Market Below Market Rates High Daily Traffic Counts: 7,500 Cars/Day Dense & Growing Population: 52,017 People Living within a Five Mile Radius | Represents a 25% Increase Since 2000 Property: D&J Storage Location: Madisonville, TX Brokers and Brokerage: Dave Knobler, Jordan Farrer and Charles “Chico” LeClaire of the…

Featured Broker: Mike Mele

Professional Expertise Mike Mele, Vice Chairman, leads Cushman & Wakefield’s national Self-Storage Advisory Group, which represents clients ranging from private investors to large-scale REITs in the development, expansion, consolidation, acquisition and disposition of self storage assets. Mr. Mele began his career in self storage investment sales in 1999. He went on to build an industry leading team, which he brought to Cushman & Wakefield in 2019. Based in Tampa, the 18-member, multi-market team has closed more than 600 self storage transactions totaling more than $6 billion. In 2020 alone, the…

The Advantages of a Working with a Security Integrator

Modern self storage security encompasses an increasingly complex range of technology that deters crime while improving operators’ ability to monitor and respond to threats. As the demand for more comprehensive and complex systems grows, so does the importance of proper installation. While most have a low-voltage electrician they can call on, the operational advantages of establishing an ongoing relationship with a certified security integrator that specializes in self storage, is often overlooked. With the ability to coordinate, install and connect solutions, integrators play a crucial role in helping owners and…