Author: Shinil Krishnan

U-Haul Plans to Build a State-Of-The-Art Self-Storage Facility in Grand Chute, WI

U-Haul® has purchased a 7.78-acre lot off West Neubert Road with plans to build a state-of-the-art retail, moving and self-storage center to better meet the needs of Grand Chute residents. The property was acquired on Aug. 22. Plans call for U-Haul Moving & Storage at Northland Ave. to be completed by summer 2026. The primary three-story facility will house more than 1,000 climate-controlled self-storage units with high-tech security features at affordable price points; a sprawling retail showroom with boxes, moving supplies, towing accessories, bike racks and more; a bay to…

Recent Transactions: 9.03.2024 – 9.09.2024

The recent acquisitions in the self-storage sector showcase a strategic focus on diverse, high-potential markets, from suburban hubs to niche local areas. Valley Storage’s purchase of Garrett County Self Storage in McHenry, Maryland, capitalizes on its proximity to major attractions like the state’s largest deepwater lake, a county airport, Wisp Ski Resort, and a golf club, targeting a small tourism-driven market with growth potential. Vault Ventures acquired Self-Service Storage in Tallahassee, Florida, targeting stable demand for non-climate-controlled units in a key state capital. Meanwhile, the acquisition of Second Attic Storage…

Featured Broker: Mark Floria

Mark started with Franklin Storage Advisors in 2011. He has facilitated the sale of over 100 storage properties with a value over $500,000,000. Mark’s sole focus is the sale of self-storage properties, and he is a recognized sales valuation expert. He works tirelessly to be sure that every sale goes smoothly. Buyers rely on him to guide them through the due diligence process while sellers expect sound financial analysis and property valuations so that their properties will be priced to sell but yield maximum value. Mark began his commercial real…

Featured Broker: Leanna Calderon

Leanna Calderon is not your average real estate agent. With a deep understanding of real estate contracts and a fierce determination to help her clients achieve their real estate dreams, Leanna is a force to be reckoned with in the industry. As a licensed sales agent for 10 years and owner of a transaction coordinating business, Leanna has almost 600 closed transactions under her belt! Known for her ability to build strong connections with each client, Leanna goes above and beyond to ensure that their needs are not just met…

Go Store It and StoreEase Tout Success of Virtual Management Partnership

Go Store It Self Storage and StoreEase announce outstanding operating results for the strategic partnership’s virtually managed self-storage facilities. In the second quarter, the 37 select sites saw a more than 9% increase in revenue and an 11.5% gain in net income compared to Q2 2023. Additionally, 2,643 new customers moved into virtually managed properties, with at least 60% interacting with a Go Store It Virtual Manager® before renting. The average size of the 37 facilities was 565 units. “Our results underscore the success of our collaboration with StoreEase,” said…

Go Store It Self Storage and Snapbox Self Storage Announce Major Merger, Creating a Leading Force in the Self Storage Industry

Go Store It Self Storage and Snapbox Self Storage announced that the companies have merged, combining their industry-leading platforms to form one of the largest private self-storage operators in the United States. Operating as Go Store It Self Storage, the merged entity will oversee more than 10 million square feet of storage space and 145 locations across 23 states. “The merger with Snapbox Self Storage represents a transformative step for both companies, providing the combined company with a more robust platform for growth and operational efficiency,” said Go Store It…

National Storage Affiliates Trust (NSA) with Solar Landscape Rolls Out Solar Panel Across its 8.5 Million Square Feet Rooftop Space in the US

National Storage Affiliates Trust (NSA), a major player in the self-storage industry, has partnered with community solar developer Solar Landscape to roll out 100 megawatts (MW) of solar capacity across 8.5 million square feet of NSA’s rooftop space. That’s enough solar panels to cover roughly 1,000 of NSA’s self-storage properties scattered across 42 states and Puerto Rico. Here’s why this matters: these rooftop solar installations won’t just power NSA’s facilities – they’re set to generate clean energy for nearby homes and businesses at a discount, thanks to the community solar…

A Self-Storage Complex Proposed at SoMa in San Francisco, CA

Previous plans for a project site at 1035 Howard Street in SoMa, San Francisco would have expanded the building size. Now, new plans have been filed to convert the industrial Art Deco building into a self-storage complex. The storage facility will rise four stories high. Embarcadero Capital Partners is the project developer. Lundberg Design is responsible for the project’s architecture. The project site spans an area of 28,000 square feet. The scope of work includes the conversion of approximately 17,549 gross square feet of existing laboratory and office space to…

U-Haul Officially Plans to Open a New Self Storage Facility in Lebanon, PA

U-Haul has completed and will officially open in September a 60,880-square-foot self-storage facility in Lebanon, PA. The site for the new building had been in use since the 1880s when it housed a rolling mill. Throughout the 20th century, the property served various purposes and was once a silk manufacturer and a weaving company up until the 1990s when the main manufacturing building caught fire. U-Haul had purchased the property in 2022 and began the self-storage development process through its Adaptive Reuse program. The three-story facility features 830 climate-controlled units…

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

StorageBlue, the most dominant self-storage company in North Jersey and brainchild of E! Entertainment Television Founder Alan Mruvka, today announced the grand opening of their new self-storage facility, StorageBlue Clifton, located in and serving the City of Clifton, NJ. The Class A facility is strategically located at 550 Lexington Ave and offers 50,000 plus square feet of self-storage space, with units ranging from 4’x4′ to 10’x 20′. The facility sits on the heaviest trafficked main avenue in Clifton where 25,000 plus vehicles pass by daily. “Clifton and its surrounding cities…