A self-storage site is now open for business on Delaware’s west side as T&R Properties held a grand opening for Self Storage of Delaware on June 25. In attendance at the grand opening were Mayor Carolyn Riggle and Vice Mayor Kent Shafer, in addition to T&R leadership. Located at 1402 W. Central Ave., Self Storage of Delaware includes 350 total units within the main building. Of the 350 units, 164 are climate-controlled and 186 are not climate-controlled. Additionally, the facility features 46 drive-up garages and 20 covered spaces specifically designated…
Author: Shinil Krishnan
Remotely Managed Facilities – The Future Is Right Now
At one time, remotely managed facilities were the future of the self-storage industry. But not anymore. That’s right, the future is now for remote management. This model helps maximize both profits and time, keeping you several steps ahead of the competition in the race for customers. And when it comes to races like that, a quote from Will Ferrell’s iconic character from the film Talladega Nights comes to mind: “If you ain’t first, you’re last.” In case you’re unfamiliar with the concept of remote management, it refers to cutting-edge technology…
Recent Transactions: 7.02.2024 – 7.08.2024
Property: Graham’s Storage Location: Kannapolis, NC Address: 2804-2806 N Cannon Blvd, Kannapolis, NC 28083 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street Acreage: 8.03 acres NRSF: 48,231 Unit Count: 357 units Seller Testimonial: “From listing to close, Frank and David provided us with exceptional service in the sale of our facility. Their extensive market knowledge, combined with years of industry experience, helped us navigate towards a successful close. In addition, their engagement at every stage of the process was exemplary. Having been in contact with their team…
StorageMart Third Party Management Adds Newly Constructed Self-Storage Facility in Silverthorne, CO
StorageMart, a leading privately-owned self-storage company, proudly announces the addition of a newly constructed facility to its portfolio in Silverthorne, Colorado. The property has been developed by REA Development Corporation and will operate under StorageMart Third Party Management. Located at 1024 S Adams Avenue in Silverthorne, the facility includes 93,755 net rentable square feet with 835 self-storage units. The facility will feature drive-up units, heated indoor units, and indoor climate-controlled units, as well as the consistent StorageMart amenities including 24/7 customer support, gated access, and moving supplies available for purchase.…
A New Self-Storage Facility Gets New Management in Hoschton, GA
The city of Hoschton is set to experience professional self-storage management with the opening of Premier Storage at Friendship Road. This new state-of-the-art facility, located at 1631 Friendship Road, Hoschton, GA 30548, features 441 units spanning 75,755 rentable square feet. It offers a variety of secure, climate-controlled, and non-climate-controlled storage options to serve the communities of Hoschton, Buford, Winder, and Monroe. Premier Storage at Friendship Road is managed by Absolute Storage Management\ (Absolute), bringing their expertise in professional self-storage management to the facility. Absolute is anticipated to take over management…
Local Memphis Owners Announce Opening of Broad Ave Self Storage in Memphis, TN
Memphis’ Broad Avenue District is set to benefit from professional self-storage management with the grand opening of Broad Ave Self Storage. Located at 2650 Broad Avenue, Memphis, TN 38112, this newly developed facility offers 370 units totaling 47,085 rentable square feet. It provides secure, climate-controlled storage options to the communities of Binghamton, Midtown, Grahamwood, and the greater Memphis area. Broad Ave Self Storage is now under the professional management of Absolute Storage Management (Absolute), effective May 21, 2024. For more information or to speak with our friendly office staff, visit…
Seven Hills Realty Trust Closes $23.8 Million Mortgage Loan to Recapitalize a Self-Storage Property in Los Angeles, CA
Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $23.8 million first mortgage floating rate loan to recapitalize 2515 S Broadway, a newly constructed, Extra Space Storage branded 80,000 square foot self-storage facility located in Los Angeles, CA. The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by JLL, which advised Staley Point Capital, the Los Angeles-based sponsor. Tom Lorenzini, President and Chief Investment Officer of SEVN,…
My Attic Storage Adds RV Storage at its Facilities in Toccoa, GA
My Attic Storage has introduced RV storage at its Pond Street and Mize Road facilities to expand its storage solutions while offering standard drive-up storage units. This addition aims to meet the growing demand for secure, convenient RV storage facilities in the Toccoa area. Recognizing the increasing customer requests for RV storage, My Attic Storage has upgraded its facilities to accommodate this growing demand. The new RV storage units are designed with ample space to facilitate easy maneuverability and access for large vehicles. Equipped with modern security features, such as…
Go Store It Self Storage Announces Grand Opening Of New Facility in Opa-locka, FL
Go Store It Self Storage, an affiliate of Madison Capital Group Holdings, has opened its latest state-of-the-art facility in Opa-locka, Florida. The new facility at 12940 NW 27th Avenue will serve the Miami-Dade market, offering 777 climate-controlled storage units in a Class A building. “We are thrilled to expand our footprint in the Miami-Dade market with the opening of our Opa-locka facility,” said Evan Stephens, Chief Investment Officer at GSI. “This project not only demonstrates our commitment to providing top-tier storage solutions but also pays homage to the city’s unique…
Developers Building $32 Million Self-Storage Project in Surprise, AZ
A group headed up by Cedar Creek Capital, Attorney Ken Pinkard, HGTV star Tareq el-Moussa and former Congressman Barry Goldwater Jr. are teaming up on a project to build a 186,000-square-foot self-storage facility in Surprise. The $32 million project is about halfway done. It will be under the Storelocal Storage brand, a membership organization with 1,500 members nationwide. When completed later this year, the self-storage facility will feature 925 climate-controlled storage units, bays, and spaces with drive-up access, as well as 54 RV and boat storage spaces. James A. Campbell…