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…
Author: Shinil Krishnan
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…
Featured Broker: Thomas Gustafson
Tom Gustafson is the National Director of the Colliers International Self Storage Practice Group, a Sales Investment/Debt Equity brokerage team for Colliers International. Combined with the Colliers Valuation and Loan Origination teams, Tom is servicing owners and sellers in creating value to their portfolios and navigating the sales process through this higher interest rate environment. Tom and his team have transacted over $1 billion in self-storage assets since the team’s formation in 2014. Let Tom assist you in understanding the best course of action for your assets by providing a…
Recent Transactions: 3.05.2024 – 3.11.2024
Property: CP’s Stor-It Location: West Burlington, IA Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan of Argus Acreage: 2.03 acres (primed for expansion) NRSF: 16,064 Property: Sassy’s U-Lock It Location: Pine Bluff, AR Address: 3015 S Midland Dr, Pine Bluff, AR 71603 Year Built: 1978 Brokers and Brokerage: Frank DeSalvo & David Perlleshi of Franklin Street NRSF: 14,040 Unit Count: 101 Seller Testimonial: “Working with David and Frank at Franklin Street made the process of selling my facility easy and seamless. Their professionalism, market…
State-of-the-Art Security Helps Keep Belongings Safe at the New Mouser Self-Storage in Alvarado, TX
Affordable storage for personal items, cars, boats and RVs is now available at the new Mouser Self Storage in Alvarado. Over the past year, more than 300,000 square feet of office/warehouse space has been added to the 917 Industrial Park located at 4500 – 4584 JD Mouser Parkway in Alvarado, Texas. As part of the expansion, a secure self-storage with state-of-the-art security systems was constructed as well. Mouser Self Storage features gated access, round-the-clock video surveillance, and NokeONE Smart Entry (a Bluetooth electronic lock accessible by phone) for each individual…
One Stop Self Storage Opens its Largest Facility in Milwaukee, WI
One Stop Self Storage is excited to announce the opening of its largest facility at 3742 W Wisconsin Ave in Milwaukee, WI. The company is dedicated to providing convenient and reliable self-storage solutions for individuals and businesses in the local community. With its exceptional customer service and flexible rental options, One Stop Self Storage aims to become the go-to choice for all storage needs. Strategically located in the heart of Milwaukee, the new One Stop Self Storage facility offers unparalleled convenience for residents and businesses alike. With easy access to…
Talonvest Secures $22.5 Million Financing For Metro Self Storage Properties in Southeast US (Franklin, TN; Riverview & Orlando, FL; and Austell, GA)
Talonvest Capital and Metro Self Storage finalize a $22.5 million financing deal for expansion across the southeastern US, marking significant growth. Talonvest Capital, Inc., teamed up with Metro Self Storage to finalize a substantial $22.5 million financing agreement for a portfolio encompassing four properties across the southeastern United States. This strategic move bolsters Metro Self Storage’s presence in key suburban areas near Nashville, Tampa, Orlando, and Atlanta. With a total of 2,382 units and 282,396 net rentable square feet, this deal marks a significant expansion for the storage company. The…
U-Haul Moving & Storage is Slated For Completion By 2026 in Locust Grove, GA
The recent acquisition of 5.46 acres at 00 Tanger Blvd. has set the stage for Locust Grove’s first U-Haul® self-storage, retail and moving facility. U-Haul Moving & Storage Locust Grove at Tanger Blvd. is slated for completion by 2026. U-Haul acquired the property on Jan. 2. A multi-story self-storage building will include more than 700 indoor rooms with climate-control and high-end security features at affordable price points. Customers will also have access to a retail showroom that offers boxes, moving supplies, hitch accessories, bike racks and more. Moving truck rentals,…