Author: Shinil Krishnan

Great American Self Storage Hosts Grand Opening Celebration and Toy Drive in Lake Norman, NC

Great American Self Storage of Lake Norman is excited to announce its grand opening celebration on Friday, December 6th, from 11:30 AM to 1:30 PM. In the spirit of giving back, the event will also feature a toy drive to support children in need throughout Western North Carolina. The company is proud to partner with the Great Toy Convoy and the Mooresville Fire Department to bring the community together for an afternoon of holiday cheer and family-friendly fun. The celebration will include a range of exciting activities, such as a…

Self-Storage Facility Aims to Expand With Five New Buildings in Naperville, IL

A self-storage business is looking to expand its Naperville operations to meet increased demand. Plans call for adding five new, one-story buildings to the Extra Space Storage complex on Ogden Avenue near Raymond Drive. The buildings would contain a total of 169 self-storage units. Naperville’s planning and zoning commission last week cast an 8-0 advisory vote in support of the proposed project. The zoning request is expected to go before the city council in January. Extra Space Management Inc., on behalf of the owner, Extra Space Properties Two, LLC, is…

Featured Brokers: David Perlleshi and Frank DeSalvo

David Perlleshi and Frank DeSalvo lead Franklin Street’s National Self-Storage Investment Sales Practice. David is based in Tampa, Florida and Frank in Charlotte, North Carolina, the team represents owners and investors in the acquisition and disposition of self-storage assets throughout the country, while also helping them navigate development, site selection and asset valuation. Additionally, the team leverages Franklin Street’s collaborative, full-service platform to provide their clients with a complete scope of real estate solutions, including financing and insurance. Perlleshi and DeSalvo bring two decades of combined experience in the commercial…

Recent Transactions: 12.03.2024 – 12.09.2024

Stay up-to-date on the latest self-storage transactions happening nationwide! If you have a recent transaction to share, let us know—your updates help keep our community informed.   Property: Interstate Secure Storage Location: Janesville, WI Address: 3031 E. County Road O, Janesville, Wisconsin Year Built: 2015 Closing Deal: $2.3 Million Buyer: Hastings Property Group LLC Broker and Brokerage: Dan Bowar of Marcus & Millichap (Milwaukee office) NRSF: 44,250 Unit Count: 233 units Highlights: Currently plans to expand Has two additional buildings totaling 25,950 square feet     Property: Lake Wales Storage…

Self-Storage Investment Surge: Key Transactions and Trends from the Second Half of 2024

Overview StorTrack data shows steady activity in the self-storage sector in the second half of 2024, with 110 transactions completed across the United States. To date, multi-operators and REITs (Real Estate Investment Trusts) each represented over 40% of the total transaction volume, with investment activity largely concentrated in the Southeast. Multi-operators were especially active in the Midwest, completing five transactions involving Storage Rentals of America facilities in Michigan and Illinois. Meanwhile, REITs focused their efforts primarily on the Southeast, with Florida standing out as a key market. Transaction Breakdown by…

Development in Self Storage: A Lesson in Delayed Gratification

Self-storage development has emerged as a compelling opportunity in the real estate market, offering steady returns and economic resilience. However, success in this sector often requires embracing the principle of delayed gratification – the ability to forgo immediate rewards for greater long-term benefits. The delayed gratification comes in the form of appreciation, depreciation, cash flow, and the ability to use amortization, which provides several key advantages: Equity growth: In an example of a $10M new development, your initial $1.5 million (15% down) investment using a SBA loan could grow to…

Featured Brokers: Chad Snyder & Tyler Trahant

Chad Snyder is a Co-Managing Director at Dominus Commercial in Fort Worth, Texas. With a diverse background in real estate, finance, and oil and gas, Chad brings a unique perspective to his role. Prior to joining Dominus, Chad served as a Senior Associate at Colliers International, specializing in self-storage and office tenant representation. His expertise in representing mid-sized office tenants in the Dallas/Fort Worth area, particularly in Tarrant County, is complemented by his ability to provide in-depth market analysis and insights. As a seasoned professional in the self-storage sector, Chad…

U-Haul Opens First Self-Storage Facility in Rocky Mount, NC

U-Haul is opening its first retail, moving and storage center today in Rocky Mount to better meet the residential mobility and self-storage needs of Nash and Edgecombe Counties. U-Haul Moving & Storage of Rocky Mount at 131 S. Wesleyan Blvd. was acquired on Nov. 20. The 8.59-acre property was previously the site of Rocky Mount Storage. The facility, which offers a variety of 457 indoor climate-controlled storage units for rent, also has truck and trailer sharing; a retail showroom with boxes and moving supplies; and green initiatives like the Take…

Talonvest Capital Negotiates $7.8 Million Construction Loan for a Self-Storage Facility in Woodstock, GA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and Coro Realty Advisors, are pleased to announce the $7,835,000 construction financing for a Class-A, self-storage development located at 300 Ridgewalk Parkway, in Woodstock, Georgia. Ideally situated at the intersection of Ridgewalk Parkway and Ridge Trail, adjacent to high-traffic retailers, the climate-controlled property will be a two-story building with a drive-up basement and have 79,674 NRSF. This high-barrier location in a rapid-growth residential area of the Atlanta MSA offers direct access to I-575, which serves as the primary…

Go Store It Opens New Self-Storage Facility in Redlands, CA

Go Store It Self Storage has opened its latest state-of-the-art storage facility in Redlands, California. Go Store It Redlands is strategically designed to meet the needs of the Redlands community and the rapidly growing Inland Empire. The 114,750-square-foot, 838-unit facility sits on approximately six and a half acres and has over 400 feet of frontage on one of Redland’s major arterials, Wabash Avenue. This new facility is tailored to fill a significant storage gap in the region, where existing storage options are limited to just 2.3 square feet per capita,…