Author: Shinil Krishnan

Recent Transactions: 4.30.2024 – 5.06.2024

Property: CubeSmart (Managed) Self-Storage Location: Kenosha, WI Buyer: Inland Real Estate Acquisitions, LLC (“Inland”) Seller: Macritchie Group Brokers and Brokerage: Adam Schlosser, Charles “Chico” LeClaire, Jack Sullivan, Matthew Tice and Todd Lindblom of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 90,900 Unit Count: 900 climate-controlled units Highlights: Consists of one two-story building The facility features two large, covered loading bays with elevator access Multiple secondary points of entry for optimal access Large leasing office in the interior of the building Motion lighting throughout the facility 24/7 video monitoring…

Featured Brokers: Ken Miller & Vanessa Castaño

Ken is the principal broker and owner of Northstate Commercial Partners. Having been in the business for over 30 years and developed friendships and professional associations across the state and the country, Ken prides himself less on what he knows and more on who he knows. With affiliations in the Society of Industrial and Office Realtors (SIOR) and the International Council of Shopping Centers (ICSC), Ken has built a network of trusted colleagues across all geographic regions and product types that continue to feed real estate and development leads his…

Nepa Storage Solutions, LLC (UCC Foreclosure Sale): Diana M. Peterson, Esq. & Emily S. Gottlieb, Esq.

Prior to founding AW, Peterson co-founded AuctionWorks, an online real estate auction platform. Peterson built the auction platform for AuctionWorks utilizing her prior auction expertise and her experience founding and operating a real estate brokerage, PMD Realty, LLC, for over a decade. In 2001, seeing an opportunity to provide homeowners an alternative disposition strategy, Peterson established PMD Realty. PMD Realty quickly became the leading local provider of flat-fee MLS listing services, dominating the emerging flat-fee market for several years. During that time, Peterson was recognized by the Chicago Association of…

The Lock Up Self Storage to Open a Self-Storage Facility in Babcock Ranch, FL

We are really excited to be breaking ground on another state-of-the-art, fully climate-controlled storage facility in SW Florida. As the first solar-powered town in America, Babcock Ranch was a chance for us to showcase our green credentials and create a sustainable facility that meets the growing demands of consumers, while still providing the exceptional self-storage solutions that we have become synonymous with.” – Andrea Carnes, The Lock Up Self Storage The Lock Up Self Storage, is excited to announce the planned ground-breaking for a new, state-of-the-art self-storage facility in Babcock…

Self Storage Market of the Month: Bethlehem, PA

StorTrack’s featured market this month is Bethlehem, PA. Bethlehem is a city in the Lehigh Valley region of eastern Pennsylvania. This historical city is the home of Lehigh University, many community events and traditional entertainment make this diverse city a place to see year-round. How is Bethlehem 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 Bethlehem, PA Current Supply: There is…

Storage King USA Completes 232-Unit Self-Storage Expansion Project in Argyle, TX

Storage King USA, the self-storage arm of New York City-based investment firm Andover Properties, has completed a 232-unit expansion of its facility in Argyle, located in Denton County. The project added 38,500 net rentable square feet of climate-controlled and non-climate-controlled space, as well as 5,750 square feet of flex space. The facility, which also offers enclosed and covered storage options for boats and RVs, now totals 865 units. Source

Coro Realty Advisors Adds Self-Storage Developments to Portfolio in Atlanta, GA

Our strategic expansion in the self-storage sector reflects Coro’s commitment to identifying and capitalizing on unique opportunities in the real estate market. These developments align with our vision of maintaining a diversified portfolio while delivering quality assets to our investors and communities.” – Robert Fransen, President and Managing Partner of Coro Realty Advisors The four properties are located in Columbus, Flowery Branch, Woodstock and Dunwoody. A real estate investment and management firm in Atlanta is adding to its portfolio with several new self-storage developments. The properties are part of the…

Self-Storage Facility Proposed Next to Solar Farm in Monroe, NJ

A self-storage facility is proposed next to a large solar farm on Hoffman Station Road (County Route 614). Central Jersey Storage, LLC of Millstone Township has filed an application with the Monroe Township Zoning Board of Adjustment for a use variance and site plan approval to construct the self-storage facility with 11 buildings, totaling about 114,200 square feet. The project would be constructed on the western portion of the 26.29-acre property owned by So Bright LLC of East Brunswick. The property is partially located in the R-60 (Residential) Zone District…

Recent Transactions: 4.23.2024 – 4.29.2024

Property: Self-Storage Development Site Location: Pinellas Park, FL Broker and Brokerage: Josh Koerner of the Coastal Storage Group (formerly Weaver Realty Group) – Florida Argus Broker Affiliates Acreage: 4.1+/- acres (fully entitled land for a 131,592 GSF class A climate-controlled storage facility)     Property: Lakeridge Self Storage Location: Midlothian, TX Address: 5191 US-67, Midlothian, Texas Brokers and Brokerage: Danny Cunningham and Brandon Karr of the Karr-Cunningham Storage Team of Marcus & Millichap NRSF: 59,517   Property: Life Storage (now U-Haul Moving & Storage of Webster) Location: Rising Sun, MD…

Self-Storage Gates – Your First Line Of Defense

Gates are among the very first things a potential customer sees upon arriving at your self-storage facility, and therefore they create a lasting impression. In addition, gates are your first line of defense against crime. Think of them as the “bouncer” for your facility. And of course, you want the biggest, baddest bouncer you can find, right? Let’s take a look at the ins and outs of gates – how they work, what options are best for you, and what to do when they need repair. What Types Of Gates…