Author: Shinil Krishnan

CBRE IM Lands $114M Loan for Self Storage Portfolio

CBRE Investment Management, in a joint venture with The William Warren Group, has acquired a 14-property self storage portfolio in Southern California and Utah. The 8,697-unit portfolio was purchased from KOAR Institutional Advisors, with Prudential Financial providing a $114 million loan, according to county records.” With this acquisition, the fund sponsored by CBRE Investment Management owns 100 self storage properties across the U.S., bringing the number of units in its portfolio to 55,477. The company previously acquired another self storage portfolio in 2021, located in Colorado, California and Washington. The…

SAFStor, Inc Opens Newest Philadelphia, PA Self Storage Facility as Life Storage

  We have partnered with Life Storage to operate the facility. They are a best-in-class operator with customer-focused team that I’m confident will deliver a top-notch self-storage experience to the neighborhood”   SAFStor, Inc, a leading developer of self-storage properties, opened its newest facility in Philadelphia, PA on January 31, 2023. With the grand opening of the Philadelphia property, SAFStor has expanded its portfolio to 50 facilities in 14 states, with several more currently under construction. The Daytona, FL-based developer has selected Life Storage (NYSE: LSI), a leading owner and…

Recent Transactions: 03.14.2023 – 03.20.2023

Property: Storage Of Englewood Location: Englewood, FL Closing Price: $6.43 Million Brokers and Brokerage: Chris Travis and Hunter Robey of the Travis Group of Marcus & Millichap Acreage: 11.84 acres Unit Count: 750 units Highlights: Located in the Bradenton-Sarasota-Venice MSA Fully gated Ample LED lighting On-site manager  Portfolio: Greenleaf Self Storage Four Property Portfolio Location: Seneca, SC Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. Acreage: 7.86 acres NRSF: +/- 110,821 Unit Count: 908 climate-controlled and standard drive-up units as well as parking Highlights: Close proximity to Clemson University…

Featured Broker: Gabriel Coe

Gabriel Coe is a Senior Managing Director of Investments with the Hatcher Coe Group of Marcus & Millichap. In his first eight years with Marcus & Millichap, Gabriel has sold over $4 billion in self storage transactions, representing properties in 33 states. Gabriel and his team closed 294 properties in 2022 totaling over $2.1 billion in sales. Gabriel is currently ranked first (tied with his partner Brett Hatcher) within the National Self Storage Group at Marcus & Millichap and ranked ninth (tied with his partner Brett Hatcher) of all Marcus…

Toy Storage Nation to Host Boat and RV Storage Workshop in Partnership with the 2023 ISS World Expo

  Las Vegas Executive Workshop $1,490 – includes April 14 Executive Workshop + ISS Expo Package (April 12-13). Toy Storage Nation, in partnership with Inside Self Storage, is hosting a one-day Executive Boat & RV Workshop at the ISS World Expo. Best Practices for Executive RV & Boat Storage Facilities Workshop April 14 / Las Vegas / Caesars Forum Conference Center View Agenda Questions? Call Amy Bix @ 602-909-3910 REGISTER HERE Click “Attendee Registration” at Top Right of Page Select “Expo Package” option Complete profile and demographics information Select “continue” on…

Featured Broker: Taylor Cahn

As a Co-Founder of Storage Exchange, Taylor has played an integral role in the development of the company’s proprietary sales platform. Taylor also serves as a Director of Investment Sales; leading a team of investment professionals, who focus on delivering transaction efficiency through investment visibility. Prior to Storage Exchange, Taylor worked as a Senior Investment Associate with Red Dot Storage, one of the largest private storage companies in the US. Taylor earned a double degree in Finance & Operations Management from the Leeds School of Business at the University of…

Management Options for Small Self Storage Facilities

A small self storage facility can be a profitable investment option when it is managed well. If your property (or future property) is between 5,000 – 15,000 square feet, 100 units or less and generating $50,000-$60,000 in gross annual revenue, it may be beneficial to explore management options outside of a traditional full-time employee. Listed below are six alternative methods to successfully manage smaller facilities, while simultaneously increasing cash flow potential: 1. Manage the property as a satellite location to an existing facility. Assuming you already own a facility in…

MiniCo Announces Sale of its Publishing Division to Storelocal

MiniCo created the first self storage industry trade publication with the launch of Mini-Storage Messenger in 1979″   First Self Storage Trade Publication Entering New Era of Leadership. MiniCo Insurance Agency LLC (MiniCo) announced today that it has finalized the sale of its Publishing Division, effective March 1, 2023, to Storelocal Media Corporation (Storelocal). “It’s very exciting,” said Travis Morrow, Storelocal’s CEO, “Mini-Storage Messenger is not about just a magazine–it’s what it represents to the industry. We view Mini-Storage Messenger and its annual Self Storage Almanac as more than a…

Miami Firm Picks Up Westchester Warehouse, Development Site for $30m

Basis Industrial plans an additional warehouse on the property, which sold for just $9M in 2016″ A Miami warehouse and self storage firm is planting its flag in Westchester County — and paying a significant premium to do so. Basis Industrial, based out of Coconut Grove, paid $30 million for a 60,000-square-foot warehouse and adjacent development site at 100 Business Park Drive in Armonk. The 11-acre parcel comes with more than 140,000 additional buildable square feet. Basis plans to add a 100,000-square-foot industrial and self storage facility on the land”…

SecureSpace Announces Opening of New Self Storage Facility in Los Angeles, CA

Continuing our expansion across California, I am excited to announce that SecureSpace Firestone is now open,” SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility, strategically located at 2268 Firestone Blvd, Los Angeles, CA, at the nexus of the Interstate 110, 10, 710, and 105 freeways. SecureSpace Firestone offers 116,125 square feet of 100% climate-controlled self storage space with units ranging from 5’x5’ to 10’x30’. The site is located in the Los Angeles/Long Beach/Anaheim MSA, which has a population of around 13.3 million. The three-mile trade…