West Coast Self-Storage Opens New Location in Palm Desert, CA

West Coast Self-Storage is excited to announce the opening of its brand-new self-storage facility in Palm Desert, CA. West Coast Self-Storage Palm Desert, located at 73761 Spyder Circle in Palm Desert, is designed to provide high-quality storage solutions to the local community. The facility features 529 storage units encompassing 38,504 rentable square feet, all of which are ground level for easy accessibility. Most units are climate-controlled, ensuring the protection of temperature-sensitive items, and the facility also offers a selection of drive-up accessible units for convenient move-ins and move-outs. Additionally, the…

StorageBlue Announces Opening of Their New Self-Storage Facility in Newark, NJ

StorageBlue, the most dominant self-storage company in North Jersey and the brainchild of E! Entertainment Television Founder Alan Mruvka, today announced the grand opening of their new self-storage facility, StorageBlue Newark, located in and serving the city of Newark and Harrison, NJ. The Class A facility is strategically located in the Ironbound section of Newark at 425 Ferry St. and offers 100,000 plus square feet of climate-controlled self-storage space, with units ranging from 2’x4′ to 20’x20′. The facility sits on one of the heaviest trafficked main streets in Newark where…

Regency Affiliates Announces Buyout of Self-Storage Minority Partner

Regency Affiliates, Inc. (OTC Pink: RAFI) (“Regency”) today announces the buyout of a self-storage minority partner. In 2016, Regency purchased five stand-alone self-storage facilities via a joint venture with SSCP Management LLC (“SSCP”) in the Harrisburg, Pennsylvania area. The portfolio was acquired for a total purchase price of $35MM of which $25.3MM was financed via a non-recourse ten-year debt financing, with a four-year interest-only period that ended in May 2020 and thereafter a thirty-year amortization schedule. The debt financing, which is secured by the self-storage facilities, has a fixed interest…

Mabey’s Moving & Storage Opens New Self-Storage Facility in Ballston, VA

Mabey’s Moving & Storage, a longtime family owned and operated company, is growing in the Capital Region with the opening of its newest storage facility in Ballston. “The facility is a fully climate-controlled building, around 56,000 square feet, with 350 units,” said Greg Blass. He is part of the third generation of company leadership. Security is a main focus at the new space, with cameras throughout the building, and an on-site manager who’s always happy to greet customers and answer questions. With this new addition, Mabey’s now has a grand…

Self Storage Market of the Month: Reston, VA

StorTrack’s featured market this month is Reston, VA. Reston is experiencing strong economic growth and population increases, fueled by its tech industry and proximity to D.C. With urbanization, rising housing density, and a high median income, Reston offers opportunities for developers to serve a growing and affluent community. How is Reston as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics for Reston, VA…

Recent Transactions: 10.08.2024 – 10.14.2024

The seven self-storage transactions from October 8-14, highlight key investment trends in the sector. Portfolio acquisitions, like The Storage Center’s multi-state properties, reflect investor interest in geographic diversification and modern facilities. High occupancy rates at Davie RV Storage signal growing demand for specialized storage, while older properties, such as the Round Rock, Texas facility, suggest continued appeal for value-add opportunities. Overall, these deals underscore ongoing investor interest in diversified markets, specialized assets, and opportunities for upside potential through modernization or expansion.   Portfolio: The Storage Center (three-property) Locations: Austin and…

Safeguard Self Storage Opens its Eighth Self Storage Facility in Tampa, FL

  State-of-the-Art, Climate-Controlled Facility Features 74,000 Rentable Square Feet with 932 Units. Safeguard Self Storage is pleased to announce the opening of its new self-storage facility located at 16200 North Nebraska Avenue, Lutz, Florida. This modern facility, featuring 932 units within 74,000 rentable square feet, marks Safeguard’s 21st location in Florida and the eighth in the Tampa metropolitan (Sun Coast) area. Stan Bonilla, senior vice president of development at Safeguard Self Storage, said, “Our mission at Safeguard is straightforward: to make each storage facility better than the last. With this…

3 New U-Haul Self-Storage Facilities Began Service in Twin Cities, MN

U-Haul® began serving Twin Cities customers at three new self-storage facilities today and unveiled plans for another center by 2026, bolstering its self-storage footprint in Minnesota while addressing the needs of underserved residents. The three facilities offer nearly 2,600 combined indoor self-storage units with climate-control options and high-tech security features. The properties, which were previously Extra Space® Storage locations, were acquired on Thursday. U-Haul Storage at American Blvd. in Minneapolis (101 American Blvd. W.) and U-Haul Storage of St. Paul (631 Transfer Road) each have 890 self-storage units for rent.…

MYCON Breaks Ground on U-Haul Self-Storage Facility in Haltom City, TX

Dallas-based MYCON General Contractors has broken ground on an approximately 1,600-unit self-storage facility for U-Haul in Haltom City, located north of Fort Worth. The facility will consist of a 28,866-square-foot pre-engineered metal building designated for U-Box storage, a 81,978-square-foot self-storage building and five drive-up storage buildings totaling 15,500 square feet. The project marks MYCON’s eighth collaboration with U-Haul and follows the groundbreaking of an 800-unit facility in Denton. Completion is slated for a March 2025 completion. Source

Innovative Self-Storage Facility with Space for Autos, Jet Parts, Wine and Lounge Opens in Redding, CT

As self-storage facilities continue to proliferate in Connecticut, another is nearing completion on Route 7. But the design on this one is a U-turn from the typical cookie-cutter garage-door style concept that has proliferated the nation — something the developer hopes to expand regionally. Designed by Darien-based Fletcher Development at 241 Ethan Allen Highway in Redding, Riverworks on 7 will include not just climate-controlled storage units, but storage bays as well for at least 50 vehicles and accompanying space for auto tinkerers. An indoor driving lane spares clients the chore…