U-Haul® has acquired the Duke Mini Storage facility at 401 Sabrina Drive to better meet the moving and self-storage needs of its East Peoria customers. The property, now U-Haul Moving & Storage of East Peoria, was acquired on Feb. 20 and is remotely operated by U-Haul Moving & Storage of Morton at 1075 W. Jackson St. Thanks to the 5.41-acre acquisition, U-Haul customers have access to an additional 58 self-storage units and 99 covered RV, boat and vehicle storage spaces in East Peoria. U-Haul is also offering truck and trailer…
Author: Shinil Krishnan
U-Haul to Meet The Needs of its Growing Customer Base in Pueblo County, CO
U-Haul® announced its purchase of two former Freedom Self Storage properties in Pueblo County. They are at 469 E. Spaulding Ave. in Pueblo West and 827 Village Circle in Pueblo. The properties, now U-Haul Moving & Storage of Pueblo West and U-Haul Moving & Storage of University Park, respectively, were acquired on Feb. 14. The acquisitions will enable U-Haul, the industry leader in DIY moving and self-storage, to better meet the needs of its growing customer base in Colorado. U-Haul of Pueblo West offers 269 self-storage units and 53 RV,…
Recent Transactions: 3.12.2024 – 3.18.2024
Property: West Huntersville Storage Center Location: Huntersville, NC Address:9220 Beatties Ford Rd, Huntersville, NC 28078 Brokers and Brokerage: Frank DeSalvo & David Perlleshi of Franklin Street Acreage: 7.89 acres NRSF: 35,218 Unit Count: 259 Physically Occupancy: 99% Economic Occupancy: 83% Buyer Testimonial: “Collaborating with Frank and David on the West Huntersville Storage Center transaction streamlined the process for us. We found the experience of working with them enjoyable and are excited about leveraging their expertise for upcoming future deals.” — Peter Cai, Managing Partner at Canvass Capital Highlights: Facility offers…
Self Storage Market of the Month: Radcliff, KY
StorTrack’s featured market this month is Radcliff, KY. Radcliff is a city in Hardin County, with an economy largely driven by the US Army base, Fort Knox. How is Radcliff 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 Radcliff, KY Current Supply: There is a 14.19 square feet per capita supply in this market. For comparison, Kentucky’s square feet per…
New Self-Storage Facility Being Built in South Laredo, TX
A new self-storage facility is being built in south Laredo and is projected to open this summer. According to a permit filed last week with the Texas Department of Licensing and Regulation, a project called “Self Storage” began construction on Aug. 28, 2023 and is projected to be completed by July 28, 2024. The self-storage facility covers 75,000 square feet which includes storage units and an office. It is being built at 210 Cuatro Vientos Rd. The facility has an estimated cost of $1.5 million. The self-storage facility is owned…
DealPoint Merrill Elevates Storage Operations With the Launch of Their JustStorage Brand
We are thrilled to unveil the JustStorage brand at all of our nationwide facilities as part of our ongoing commitment to innovation and customer satisfaction,” – David Frank, CEO at DealPoint Merrill DealPoint Merrill proudly announces the expansion of its storage operations with the introduction of their JustStorage brand. With this strategic move, DealPoint Merrill reaffirms its commitment to providing unparalleled storage solutions nationwide while enhancing their customer experience through cutting-edge technology and user-friendly online services. JustStorage emerges as their brand of DealPoint Merrill’s storage portfolio, representing a significant milestone…
U-Haul Breaks Ground for its Newest Self-Storage Facility in Manheim, PA
U-Haul® will break ground on Thursday, March 7, for its newest retail and self-storage facility in Pennsylvania at 1985 State Road in Manheim. Residents, city officials and media are invited to the event from 11 a.m.-2 p.m. There will be giveaways and remarks from Lancaster Chamber of Commerce and U-Haul officials. “This site was part of the Landis Farm and has easy access to Route 283 and State Road,” said Jeff Levengood, U-Haul Owners Representative for Northeastern Pennsylvania. “This community is growing. There are new housing projects everywhere. Being located…
Andover Properties Plans For Storage Facility Expansion in Kyle, TX
Andover Properties, a real estate investment firm focused on alternative asset classes, such as self-storage, acquired Storage King USA (at 13397 Camino Real) on December 5. The property, located at 13397 Camino Real, has 68,400 square feet of drive-up storage and covered recreational vehicle spaces. According to a news release, Andover Properties will be expanding the facility by adding 100,000 square feet due to a “growing demand.” “We believe that this property, with its prime location and additional expansion plan, aligns perfectly with our commitment to providing high-quality storage solutions…
Manhattan Mini Storage Expands Empire by Acquiring Prime Chelsea Location, NY
Manhattan Mini Storage acquires a new facility in Chelsea, NYC, enhancing self-storage options with a customer-centric approach and strategic location. Manhattan Mini Storage’s recent acquisition of a former Public Storage facility on 29th Street marks a significant expansion into the Chelsea neighborhood, signaling a new chapter in New York City’s self-storage landscape. Senior Vice President of Asset Management at The Davis Companies, , lauded the partnership, emphasizing Manhattan Mini Storage’s unmatched expertise and the strategic location of the state-of-the-art facility. , representing Manhattan Mini Storage, highlighted the brand’s deep-rooted connection…
Self-Storage Facility Planned Near Winchester Center Development in New Haven, CT
A development team is looking to convert a semi-vacant building into self-storage units near the Winchester Center mixed-use project in New Haven. The five-story, 128,000-square-foot building at 89-91 Shelton Ave., is largely vacant but contains a rock climbing gym and several small spaces that have been used by businesses and local groups. Applicant Diamond Point Development LLC, based out of Georgia, is a national builder of self-storage facilities. The site plan application is currently before the City Plan Commission and if approved, Diamond Point would buy the land from owner…