U-Haul Opens a New Self Storage facility in Apache Junction, AZ

U-Haul has opened a new, 117,154-square-foot retail and self-storage facility in Apache Junction, Ariz. Development began in 2018. The three-story building offers 900 non-climate- and climate-controlled units, ranging between 25 and 200 square feet. The property also includes 144 covered RV spots with electric hookups and a warehouse that can store more than 650 portable moving containers. Amenities include 24-hour video surveillance, elevator access, moving supplies, towing equipment, individually alarmed rooms, drive-up and gated access and on-site manager. The facility is at 3395 S. Idaho Road, has access to U.S.…

Cook Properties Opens New Self Storage Facility in Spencerport, NY

Cook Properties, a family-owned real estate development and management firm headquartered in Rochester, has opened a new self-storage facility in Spencerport. Village Woods Storage is a 20,760-square-foot space featuring 177 climate-controlled units. The facility is located on the lower level of Village Woods, an office and retail plaza at 42 Nichols St. Units range in size from 5-by-10 feet to 10-by-23 feet, with a limited number of 9-by-20 and 10-by-20 units that feature drive-up access to accommodate a vehicle or boat. The location was chosen because of residential and commercial…

Mitra Investment Partners Secures $36 Million for Inaugural Fund Targeting Self-Storage and Industrial-Flex Real Estate

Mitra Investment Partners (“Mitra”), an emerging private real estate investment manager, proudly announces the successful closing of Mitra Diversified Fund I, raises its inaugural investment fund focused on value-add self-storage and industrial flex real estate across the country. Fundraising Success: Mitra significantly surpasses its initial target of $25 million underscored by a total fundraising of $36 million in just 9 months. Deployment Momentum: Mitra is outpacing their deployment schedule for the fund, having successfully executed 10 acquisitions across 7 states, totaling 356,000 net rentable square feet, constructing a diversified portfolio…

SecureSpace Announces Opening of New Self-Storage Facility in Philadelphia, PA

SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Philadelphia Grays Ferry, located in and serving the city of Philadelphia, PA. The newly-built Class A facility is strategically located at 3114 Grays Ferry Avenue and offers 104,992 square feet of 100% climate-controlled self-storage space with units ranging from 2’x5’ to 11’x25’. The facility offers badly needed supply to nearby dense residential neighborhoods, with a three-mile population of 497,000, who currently have less than 2.5 square feet per capita of storage options. The new store is…

Recent Transactions: 1.23.2024 – 1.29.2024

Property: Shelbyville Storage Location: Shelbyville, IN Address:450 Industrial Park Dr, Shelbyville, IN 46176 Year Built: 1990 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street NRSF: 17,200 Unit Count: 110 Seller Testimonial: “Frank and Dave have sold 6 self storage facilities for us so far and for prices that we’d have not thought possible when we bought them. I highly recommend them to anyone wanting to sell a storage deal on the open market. They can broker your deal in just about any state.”     Property: First…

An Industrial Property Sale Paves Way for New Self-Storage Facility in Copiague, NY

An industrial property in Copiague will soon be redeveloped into a self-storage facility. Lake Success-based SNL Storage purchased the 32,400-square-foot building on 1.9 acres at 1550 Sunrise Highway for $5.2 million. The property was formerly occupied by Pets Warehouse. SNL Copiague LLC, an affiliate of SNL Storage, is planning to demolish part of the existing structure and construct a three-story, 38,890-square-foot self-storage facility on the site, according to its application with the Town of Babylon. The company, which primarily develops self-storage facilities throughout the New York metropolitan area, has built…

Big Self-Storage Facility in Works for Part of Shopping Plaza Site Near Hadley-Amherst Town Line, MA

A management company that owns a Route 9 shopping plaza near the Amherst town line is considering adding a large self-storage development to an undeveloped portion of the property. At the Planning Board meeting Tuesday, Christian Brannelly, management director at Chestnut Realty Management in Boston, presented a conceptual drawing of an 82,500-square-foot project featuring an unspecified number of non-climate-controlled storage units. The development would go on a 5-acre portion of 16 acres that are mostly wooded at the rear of the Campus Shopping Plaza at 438-454 Russell St. That site…

U-Haul® Moving & Storage To Open its New Store in Palmetto, FL

U-Haul® Moving & Storage of Palmetto at 7735 U.S. 41 will host a grand-opening celebration and free lunch from 11 a.m.-1 p.m. on Saturday, Jan. 27 to unveil Florida’s newest indoor self-storage and retail facility. The public is invited to enjoy food, U-Haul giveaways, and take a behind-the-scenes tour of the facility. Lunch will be served on a first-come basis. The three-story, 75,561-square-foot building includes 1,200 self-storage rooms with high-tech security features and climate-control options at affordable price points that are now available to rent. The property also houses an…

True Storage Self-Storage Development Pipelines Across The US in 2024

Manchester, NH 2023 was another record-breaking year for True Storage. Throughout the year True Storage delivered 602,800 net rentable s/f across nine projects. The completions included locations in Enfield, CT, Columbus, GA, Methuen, MA, Frenchtown, MI, Akron, OH, Providence, RI, Fort Atkinson, WI, Flint MI, and Conyers, GA. The team converted a Walmart, Kmart, Dicks Sporting Goods, two grocery stores, a ShopKo and finished two ground-up sites. “2023 was a true showcase of how dynamic and focused our team is on delivering top-quality storage properties to market,” said Chris Lewis,…

The Former Florida Health Care Plans headquarters is Set to Become Self-Storage Facility in Holly Hill, FL

FHCP owned the almost 98,000-square-foot, three story building at 1340 Ridgewood Ave. since 1990, according to the Volusia County property appraiser’s website. The 6.28 acre property was sold in August for $6.4 million and renovations are underway for the new storage facility. Also, according to the property appraiser’s website, the owner is Holly Hill QOZ Self-Storage LLC, an entity of Inland Real Estate of Oak Brook, Ill. “Inland Real Estate Acquisitions LLC is committed to using its expertise, integrity and innovation to identify, negotiate and acquire diverse commercial real estate…