Author: Shinil Krishnan

Recent Transactions: 5.27.2024 – 6.03.2024

Property: Lucky 7 Storage Location: Cambridge, MN Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen and Tom Flannigan – Minnesota, Iowa and North and South Dakota Broker Affiliates for Argus Self Storage Advisors NRSF: 19,326 (plus 500 square foot office) Unit Count: 97 units (plus 30 spaces for outdoor parking and storage)     Property: Mobile Storage Location: Mobile, AL Address: 2580 Schillinger Rd S, Mobile, Alabama 36695 Brokers and Brokerage: Frank DeSalvo & David Perlleshi at Franklin Street NRSF: 61,325 Unit Count: 540 units Seller Testimonial: “The recent…

Featured Broker: John Bauman

John is a Director in the Dallas office of JLL Capital Markets, Americas. He joined JLL as part of the HFF acquisition in 2019 and has contributed to the permanent, construction, mezzanine and joint venture equity financing of self-storage, multi-housing, industrial, retail, office and hotel assets across the United States. John is an active member of ULI Dallas-Fort Worth and TREC. Contact: John Bauman Director, Capital Markets Dallas, Texas +1 469 232 1948 John.Bauman@jll.com

Self Storage Market of the Month: Manchester, NH

StorTrack’s featured market this month is Manchester, NH. Manchester is a city on the Merrimack River in southern New Hampshire; located in the heart of New England and is the largest convention, sports, entertainment, and arts & cultural destination in New Hampshire. How is Manchester 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 Manchester, NH   Current Supply: There is a…

Pogoda Awarded Two New Management Contracts in Detroit, MI and Dayton, OH

Michigan-based Pogoda Companies, a leading provider of self-storage management services, is pleased to announce two new management contracts in Detroit, Michigan and Dayton, Ohio.   National Storage Detroit – New Center, Detroit, Michigan National Storage-New Center has 19,200 square feet of climate-controlled space in 189 units with room to expand. This Detroit location is nestled within the bottom two floors of the historic Albert Kahn building and was the former home of Saks Fifth Avenue. National Storage Dayton – Woodman Drive, Dayton, Ohio National Storage-Woodman in Dayton, Ohio has 68,200…

Recent Transactions: 5.21.2024 – 5.27.2024

Portfolio: Three-Facility Storage Portfolio Location: Hill County, TX Buyer: Go Store It Self Storage (an affiliate of Madison Capital Group) NRSF: 245,000 Unit Count: 1,500 Highlights: The facilities are strategically located minutes from Lake Whitney   Property: Leeville Pike Storage Location: Lebanon, TN Address: 6000 Leeville Pike, Lebanon, Tennessee Year Built: 2015 Broker and Brokerage: Andrew Beeckman of Marcus & Millichap Acreage: 2.6 acres NRSF: 29,600 Unit Count: 182 Vehicles Per Day: 69,484 Highlights: Fully fenced and gated facility Concrete drive aisles Metal buildings LED lighting and security cameras   Property:…

Storage Authority Welcomes Kevin Harless to the Team as the Director of Development

To meet Storage Authority’s rapid expansion demands, we continue to employ the industry’s most talented experts from the self-storage trenches. Join us in welcoming Kevin Harless to the Storage Authority team as the Director of Development. “Kevin’s over 15 years of experience at U-Haul and self-storage consulting brings incredible value to our franchisees.” Marc Goodin Kevin’s extensive experience in self-storage development, knocking on doors, technology, and property acquisitions will bring the Storage Authority development platform to new heights. Storage Authority is the only self-storage franchise in the US. They have…

Andover Properties Announces Andover Storage Lending, a Program to Finance Self Storage Sponsors Nationally (USA)

Andover Properties is pleased to announce the launch of Andover Storage Lending, a program to originate non-recourse financing for self-storage sponsors nationally. Andover Storage Lending will provide bridge and construction financing for up to 90% of value without requiring third-party management or bank deposits. The program’s originated its first loan origination to Madison Capital | Go Store It to refinance a Class A self-storage facility located in Richmond, VA. Several other loans in negotiation are expected to close in Q2. Brian Cohen, President and CEO of Andover Properties, said, “Our…

U-Haul Announces Plans for a Self-Storage Facility in North Buford, GA

U-Haul® is announcing plans for a state-of-the-art retail, moving and self-storage facility at NE Peachtree Industrial Boulevard in North Buford. U-Haul Moving & Storage of North Buford is scheduled for completion by spring 2026. The property was acquired in March. The facility will house a modern retail showroom and more than 800 indoor, climate-controlled self-storage units with high-tech security features at affordable price points. Customers will also have access to truck- and trailer-sharing services, towing equipment and professional hitch installation, U-Box® portable storage containers, boxes and moving supplies, propane and…

Citizen Storage Management Takeover Two New Self-Storage Property to Expand into Cape May, NJ and Stevens, PA

Citizen Storage Management, an industry leader in third-party self-storage facility management, proudly announces the management takeover of two new properties located at 500 N Wildwood Blvd, Cape May Court House, NJ 08210, and 1802 N Reading Rd, Stevens, PA 17578. The New Jersey property was taken over on January 25, 2024, while the Pennsylvania property joined the Citizen Storage portfolio on May 8, 2024. Citizen Storage Management excels in transforming the self-storage business by implementing cutting-edge technology and advanced management tools. These innovations streamline daily operations, significantly enhancing efficiency and…

Go Store It Opens Self-Storage Facility in Pico Rivera, CA

Go Store It Self Storage, an affiliate of Madison Capital Group, has opened a storage facility in Pico Rivera, California. Farmers and Merchants Bank of Long Beach provided $10 million in construction financing last year. Despite a historical track record of Pico Rivera prohibiting the development of new storage facilities, Go Store It managed to collaborate with city officials and sway them toward granting the firm the needed permits, Go Store It Development Partner Adam Lentz said in prepared remarks. The property provides 48,000 square feet of rentable space, encompassing…