Property: Premier Storage of Delaware Location: Delaware, OH Address: 3295 US-42, Delaware, Ohio Year Built: 1999 Year Expanded: 2024 Brokers and Brokerage: Gabriel Coe, Nathan Coe, Brett Hatcher and Michael Glass of the Hatcher Coe Group of Marcus & Millichap Acreage: 10.91 acres Square Feet: 68,053 Unit Count: 489 units (Mix of climate-controlled, non-climate-controlled units and parking options) Room for Expansion: Yes (37,625-square-foot expansion) Portfolio: Barnes Storage (four-property portfolio) Location: Carrollton, GA Address: 3015 Hwy 61, 3439 and 3549 Carrollton Villa Rica Hwy and 2537 Hwy 166 in Carrollton,…
Author: Shinil Krishnan
Featured Brokers: Jeffery A. Gorden, CCIM and Donnie Dodson
Jeff Gorden, CCIM has been a top producing broker since 2003. He has been active in commercial real estate for over a decade with experience in retail, office, industrial, and self-storage properties. Jeff is an advocate for community stewardship serving as the Chairman of the Chandler Board of Adjustment, previously as Chairman of the Chandler Leadership Institute, and as a member of several industry groups such as the National Association of Realtors, CCIM Institute, and currently the President of the Arizona Self Storage Association. Jeff earned degrees from both Temple…
U-Haul Plans 3-Story Self-Storage Facility in Hammond, IN
U-Haul purchased 2.7 acres in May to build a new facility in Hammond. Plans for a three-story building at 6303 Calumet Ave. include 676 indoor self-storage units. The new U-Box Moving & Storage of Hammond facility is slated for completion in summer of 2026. The current facility, U-Haul Moving & Storage of Hammond at 822 165th St., will continue operations remotely. The new units will be climate-controlled and offer high-tech security. “We are excited to develop land that has long sat empty and add to our current services available in…
Recent Transactions: 7.30.2024 – 8.05.2024
Property: Bear Valley RV Park and Self Storage (managed by Right Move Storage) Location: Hesperia, CA Address: 18435 Bear Valley Rd Hesperia, California Year Built: 1996 Buyer: Merit Hill Capital (Real Estate Investment Firm in Brooklyn, New York) Broker and Brokerage: Brian Somoza of The JLL Capital Markets Self-Storage team of JLL Acreage: 49.6 acres Unit Count: 726 units Occupancy: 87% VPD: 52,500 Vehicles Per Day Highlights: Consists of a mixture of single-story Permanent structure RV parking units Surface parking units Portable storage units Electronic gate access 24-hour video surveillance…
Direct Equity Source Announces Strategic Partnership with AAA Storage to Expand Self-Storage Portfolio across the United States
Direct Equity Source, a leading real estate private equity firm, is pleased to announce a strategic partnership with AAA Storage, an industry-leading self-storage company. Direct Equity Source, via its recently formed fund, will be the largest single investor in AAA Storage’s current multi-property Growth Fund I, and significantly expand its self-storage portfolio across the United States. This partnership combines Direct Equity Source’s extensive experience in real estate private equity and financial acumen with AAA Storage’s operational expertise and industry-leading storage solutions. Direct Equity Source’s investment will expand AAA’s ability to…
U-Haul Repurposes Abandoned Retail Lot for New Self-Storage in Warren, OH
U-Haul is now serving customers at 3394 Elm Road NE in Warren, site of the former Chase bank and Tops Friendly Market grocery store locations. The 7.8-acre property was purchased on July 30. U-Haul Moving & Storage of Warren North is currently serving customers out of a temporary retail showroom and is scheduled to complete renovations by the summer of 2025. Services available immediately include moving truck rentals, trailers, towing devices, boxes and moving supplies, and more. Download the U-Haul app for reservations or contact U-Haul of Warren North at…
California Developer Adding Self-Storage at Gateway Town Center in Jacksonville, FL
Gateway Town Center in the Brentwood area is in line for redevelopment as the California investor that bought about 10.7 acres there intends to add retail stores, self-storage and affordable housing. “It will be a full mixed-use project and I think it will be a nice fit for what is already there,” Global Building LLC President Joseph Zummo said July 30. There are no renderings, he said, and did not estimate a total investment. “We are still trying to look at all of the different possibilities and come up with…
Newly Developed Property Planned for the First U-Box Warehouse in Concord, CA
U-Box Moving & Storage of Concord will sit on 15.42 acres of land along the California Delta Highway less than a mile away from the Willow Pass Business Park. The property was purchased on July 1 and will be operational by fall 2024. The expansive warehouse offers over 98,000 square feet of space for storing up to 5,000 portable storage containers. In addition to U-Box, plans call for truck and trailer sharing in the future. “After much anticipation, we are thrilled to announce the opening of our expansive new facility…
Suffolk City Council Permits Construction of a New Self-Storage Facility in Scottsville, KY
Suffolk City Council gave the green light for the construction of a new self-storage facility on Holland Rd. during the Wednesday, July 17 meeting. The request to establish the self-storage facility located on the 2100 block of Holland Rd. was approved unanimously. The request, submitted by Melissa Venable, Founder and Principal Planner of Land Planning Solutions, proposed a three-story, 59,800 square feet facility that will have storage units accessed internally to the building with a parking and stormwater facility at the rear. The site will also be video monitored 24…
U-Haul Expands its Portfolio With a New Self-Storage Facility in Denton, TX
U-Haul is expanding its metro Dallas portfolio with a new self-storage facility in Denton, Texas. MYCON General Contractors broke ground on the 127,205-square-foot development, marking it the seventh project with U-Haul. The facility is set for completion in March 2025. Plans call for three buildings—a 28,639-square-foot pre-engineered metal structure for U-Box storage, a four-story, 89,512-square-foot self-storage facility and a 2,400-square-foot drive-up storage unit. U-Haul amenities include video surveillance, packing supplies, climate control, and electronic access, among others. The project is taking shape at 3209 E. University Drive, near Interstate 35E…