Author: Shinil Krishnan

Recent Self-Storage Transactions: 04.08.2025 – 04.14.2025

Recent self-storage transactions highlight varied strategies, from acquisitions in growing markets to developments in under-supplied areas. Operators leverage automation, prime locations, and local demand to drive immediate and long-term growth.   Property: Grand Storage Location: Butte, Montana Year Constructed / Expanded: 2004 / 2023 Brokers and Brokerage: Jordan Farrer (First Vice President of Investments – Salt Lake City office) and Adam Schlosser (Senior Managing Director – Denver office) of The LeClaire-Schlosser Group of Marcus & Millichap Acreage: 3.41 acres Square Feet: 33,980 Unit Count: 266 units Highlights: Grand Storage in…

Eastern Union Secures $9,424,405 to Refinance Renovation Project That Will Deliver 43,000-Square-Foot Self-Storage Facility and 55,000 Square Feet of Retail Space in Springfield, VT

Eastern Union, one of the country’s largest commercial mortgage brokerages, has arranged $9,424,405 in construction-to-permanent refinancing for the first stage of a multi-phase renovation project at 100 River Street in Springfield, VT. This portion of the initiative will create a 43,000-square-foot self-storage facility and 55,000 square feet of retail space. Springfield is located along the Black River about 95 miles northeast of Albany, NY and about 130 miles northwest of Boston. The renovation is being undertaken by Integrity Community Partners, LLC based in San Diego, CA with offices in New…

Featured Broker: Logan Foster

Logan Foster is an Associate on the Investment Sales Team at Versal, based in the Austin, Texas office. Specializing exclusively in self-storage, she has successfully facilitated the acquisition and disposition of assets for a range of clients, from private investors to publicly traded REITs, across most regions of the United States. Logan joined Versal as a licensed real estate professional in 2022 and has since developed substantial expertise in acquisitions and dispositions, self-storage evaluation and consulting services, and financial analysis. She values the relationships she has built within the industry…

In Towne Self-Storage Opens a New Storage Facility in Peru, IL

In Towne Self-Storage officially opened April 10 at 4428 Hollerich Drive, Peru, after serval months of construction and renovation. In Towne Self-Storage is a fully indoor climate-controlled self-storage facility. Also available is boat and RV parking in their gated parking lot. Both indoor storage and boat and RV parking are monitored by state-of-the-art security. The building had last been occupied by Office Max but had been vacant for the past eight years. In Towne Self-Storage is also an authorized U-Haul dealer and has staff available to assist customers 9 a.m.…

Large Self-Storage Facility and Space for RVs, Boats and Cars Opens in Manheim, PA

A large indoor storage facility has opened near Interstate 283. U-Haul Moving & Storage of Lancaster opened last month on a 13-acre site at 1985 State Road in East Hempfield Township, Lancaster County. The facility has 1,167 indoor climate-controlled self-storage units; a U-Box warehouse with a capacity for 1,000 portable moving and storage containers; 70 recreational vehicle/boat/vehicle storage spaces and 49 outdoor drive-up mini-storage units. U-Haul Moving & Storage of Lancaster rents trucks, trailers and towing devices and sells boxes and moving supplies from its retail showroom. The facility in…

Triangular Self-Storage Proposed Near Santa Rosa Springs in Maricopa, AZ

A new self-storage facility has been proposed for about 8 acres of undeveloped land near Santa Rosa Springs. Maricopa landowner and realtor Dayv Morgan last month submitted pre-application paperwork to the city for an RV and self-storage development along Sonoran Desert Parkway, right between Santa Rosa Wash and Lunar Street. Attached is a request to amend the land use and zoning from general rural to light industrial. The preliminary site plan shows a triangle-shaped parcel that could accommodate up to 317 vehicles and two storage buildings. However, Morgan said the…

U-Haul Co. Adds Dealership in Manteno, IL

U-Haul Co. of Illinois Inc. recently announced that Cordes Brothers Towing signed on as a U-Haul dealer to serve Manteno, according to a news release from U-Haul. Cordes Brothers Towing is at 151 Linden and will offer U-Haul trucks, trailers, towing equipment and moving supplies. Normal business hours are 8 a.m.-5 p.m. Monday to Friday; 8 a.m.-1 p.m. on Saturday; and 10 a.m.-1 p.m. on Sunday. Customers can reserve U-Haul products at this dealer location by calling 815-907-5006 or visiting uhaul.com/Locations/Truck-Rentals-near-Manteno-IL-60950/013302/ today. Cordes Brothers Towing owner Terry Cordes said he…

Featured Broker: Ashley Compton, MBA

Ashley Compton is a Principal and Vice Chairman at Colliers who specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach with clients and colleagues. He has successfully assisted clients, who…

A New Self-Storage Facility Planned in Lee Vista, FL

Story Highlights Titan Vanguard filed application for a 125,000-square-foot self-storage building in Orlando Storage market has “hit bottom,” with 3-3.5% growth predicted Central Florida storage transactions increased to $71 million in 2024 A self-storage facility is in the works in the Lee Vista area as experts say the storage market has “hit bottom.” Robert Ziegenfuss of Orlando-based Z Development Services filed an application with the City of Orlando for a four-story, 125,000-square-foot self-storage building at 6252 Lee Vista Blvd. Ziegenfuss was not available for comment. The application was filed on…

Baranof Holdings Purchased an Industrial Land Site for $28 Million to Pave Way for a New Self-Storage Facility in Hollywood, CA

The largest land sale in Hollywood for the first quarter goes to Baranof Holdings, which acquired a 1.29-acre industrial land site for $28 million. Dallas-based Baranof Holdings, a developer and asset manager of self-storage facilities, has purchased a 1.29-acre industrial land site in Hollywood for $28 million in order to pave the way for a new Los Angeles self-storage facility. The transaction marks the largest land sale in Hollywood during the first quarter of the year. Baranof Holdings acquired the site at 956 Seward St., which previously operated as a…