Author: Alison DeJaeger

Dominus Commercial Self Storage Team and Argus Broker Affiliates Chad Snyder and Tyler Trahant Transact Seven Self Storage Facilities in Q2

The Argus Self Storage Advisors North Texas Team, Chad Snyder and Tyler Trahant of Dominus Commercial, have successfully worked with buyers and owners in completing the purchase and sale of seven different self storage facility transactions in Q2 of 2021, bringing their half year total to 11 transactions. Chad and Tyler have both added value to ownership in valuation of their facilities in ensuring their facility transacts competitively in the market, as well as procuring facilities for buyers in the pursuit of both on and off market transactions. Ennis Self…

Janus International Announces New Service Offering, ‘Facilitate’

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced its newest service offering, Facilitate, to complement the company’s suite of self storage solutions. Led by industry veteran, David Alexander and a team of on-staff project managers, Facilitate provides holistic services for optimizing and maintaining self storage facilities while also offering a planned maintenance program to help offset the costs of repairs. We’re very excited to add Facilitate to our service…

Recent Closings: 7.7.2021 – 7.19.2021

Property: Premier Boat & R.V. Storage Location: St. Augustine, FL Brokers and Brokerage: Nathan and Gabriel Coe, Brett Hatcher, Meir Perlmutter and Ryan Nee of the Hatcher Group of Marcus & Millichap NRSF: 91,098 (26,280 covered parking/64,818 uncovered parking) Spaces: 204 Occupancy: 98.53% (Physical) Year Built: 2016 (Phase I) and 2018 (Phase II) Highlights: Multiple Offers Above List Price Closed Well Above List Price Class A Boat & RV Storage One of the Nicest Boat & RV Sites in Florida State of the Art Accommodations and Accessories Including New Large…

Andover Properties Closes on “Move It Storage” in Sherman, TX

Andover Properties, LLC (dba Storage King USA) has recently acquired Move It Storage in Sherman, TX marking its 10th acquisition in the Dallas-Fort Worth MSA and nineteenth in the state. Since bringing on a regional third-party manager one year ago, prior ownership has made great strides moving occupancy toward stabilization. With our hands-on institutional management, we plan to finish leasing up the facility and then move rates to the market.” The single-story property was built in 2006 and comprises 55,675 NRSF across 366 climate-controlled and drive-up units. The facility has…

Key Performance Indicators

While the self storage industry is growing, there is still room for facility owners to use data to improve facility performance. Before you can leverage your data, you need to know what it means and how to interpret it. Determining your Key Performance Indicators is your first step. Determining KPIs Looking at all your marketing data can be overwhelming and intimidating. Key Performance Indicators (KPIs) can help narrow your focus when looking at a large batch of data. These indicators can be anything from click-through rate to bounce rate. Looking…

Storable Wins Three ‘Best of Business’ Awards

Over the years, the businesses that formed Storable have learned the best way to innovate and constantly deliver the best products and services to the market. Every new product, every new capability and every investment seeks to fulfill the needs we hear from owners and operators like you. That is why these awards are more than bragging rights, they are validation from the market that Storable is listening and responding with products and services that do help self storage businesses grow. Storable won the following ISS Best of Business awards:…

Self Storage Industry Reaches Point of Over Capitalization

As unprecedented amounts of capital flow into the self storage industry, many investors are expressing concerns that the industry has reached a point of over capitalization. In other words, an overabundance of capital relative to the number of investment opportunities has turned capital deployment into a daunting task. As market competition intensifies, some investors are exploring smaller market strategies, which begs the question: is this a last-ditch effort or a logical capital deployment strategy? Self storage is fueled by necessity driven demand that transcends market size, geography, income, etc. The…

Compass Self Storage Expands Footprint in Dallas-Fort Worth

Compass Self Storage, a member of the Amsdell family of companies, proudly announces the acquisition of their newest self storage center, located at 4100 E. I-30 in Fate, Texas.  Fate, Texas is one of the fastest growing cities in Texas and is located on the northeast side of the Dallas-Fort Worth Metroplex.  This self storage center, which has excellent visibility off Interstate 30, represents the eighth Compass Self Storage location in Texas and the 98th nationwide. We are very pleased to expand our local footprint to further meet the storage needs…

Levin Johnston Brokers Three Bay Area Acquisitions Totaling $68.2 Million

Levin Johnston of Marcus & Millichap has arranged the purchases of three properties in the Bay Area on behalf of a local private investor. The acquisitions totaled a combined $68.2 million. The transactions are: The $18 million acquisition of a 65,805-square-foot self storage facility located at 220 W. Ahwanee Ave. in Sunnyvale. The Storage Spot operates the 508-unit property. The $36 million purchase of Iris Park Apartments & Iris Garden Apartments, a 100-unit asset located at 611-641 Iris Ave. in Sunnyvale. The $14.2 million acquisition of Islander Apartments, a 38-unit,…

Development Activity: 6.30.21 – 7.6.21

Omni Maricopa Land Acquisition LLC will build three self storage facilities that include outdoor RV storage at 18000 N. Stonegate Road in Maricopa, AZ. The first is a $534,262 project to construct an 8,564-square-foot self storage facility. The second is a 5,596 square-foot facility for $350,085. The third is a 7,996 square-foot facility for $500,230. The work will include a 2,892 square-foot office and manager’s quarters for $195,411. The outdoor RV storage facility, valued at $5.6 million, spans 70,466 square feet. In addition, the company will spend $6 million for…