Author: Shinil Krishnan

6 Safety and Security Issues That Should be on Your Radar

As an industry, we’ve been focusing, rightly so, on security measures to protect facilities from rising break-ins, theft and other vandalism. But there are other areas of safety and security in self-storage that are often overlooked. Read on for 6 that you don’t want to miss—and how you can easily remedy them. Delayed Repairs: Whether it’s tenant damage from backing into a door or natural disasters like the recent hurricanes, delaying repairs for damaged units leaves your units at risk because it can create a ripple effect of further damage…

Ground Broken on State-of-the-Art U-Haul Complex in Saddle Brook, NJ

U-Haul International and Deugen Design Build recently announced the groundbreaking of a new, state-of-the-art 125,000-square-foot facility at 210 US 46 in Saddle Brook, replacing an ageing facility. The self-storage and truck rental complex is the fifth collaboration between Deugen and U-Haul. Other locations spearheaded by Deugen for U-Haul include those in Orange and Elmwood Park. Construction is underway and expected to take 14 months with completion projected in late 2025. The new facility will add local jobs and is expected to contribute to economic growth in the area while providing…

New Manhattan Storage Facility Managed Under StorageMart and Manhattan Mini Storage Third Party Management in New York, NY

StorageMart and Manhattan Mini Storage Third Party Management, a trusted partner in the self-storage industry, is excited to announce the onboarding of a new facility located at 41 East 21st Street that will operate under the Manhattan Mini Storage brand, adding to their growing portfolio in Manhattan. This additional self-storage facility, developed and owned by Mequity Companies, will be managed under StorageMart and Manhattan Mini Storage Third Party Management program. The facility offers 2,103 units and 65,165 net rentable square feet, providing convenient storage solutions tailored to both individuals and…

U-Haul Services Now Available at Blue Sky Self Storage in Hager City, WI

U-Haul Co. of Wisconsin, Inc. is pleased to announce that Blue Sky Self Storage signed on as a U-Haul neighborhood dealer to serve the Hager City community. Blue Sky Self Storage at 1563 US Highway 63 will offer essential services like U-Haul trucks, trailers and towing equipment. Normal business hours are 9 a.m.-5 p.m. Monday to Friday and 9 a.m.-2 p.m. on Saturday. Reserve U-Haul products at this dealer location by calling 715-786-4007 or visiting https://www.uhaul.com/Locations/Truck-Rentals-near-Hager-City-WI-54014/030221/ today. Blue Sky Self Storage owner Jane Black is proud to team with the…

Extra Space Storage Opens a Self-Storage Facility in Brookfield, CT

DSA Capital LLC and Extra Space Storage have opened a 110,000-square-foot self-storage facility in Brookfield, Connecticut. The four-story building is the largest single-building self-storage facility in the Greater Danbury area, according to the developers. De Stefanis & Associates of White Plains, N.Y., led the development team that brought the property online. The climate-controlled facility consists of 810 units, out of which 57 are drive-up, with sizes ranging from 25 to 300 square feet. Amenities include security features, storage lockers, 24-hour access and on-site staff. The property is at 23 Grays…

Plans to Convert Former Corporate Headquarters and Bank Building into a Self-Storage in Peapack-Gladstone, NJ

A former corporate headquarters and bank building on Route 206 may be converted into a self-storage facility. Melillo Equities, of Far Hills, is scheduled to appear before the borough’s Land Use Board on Nov. 20 with a proposal to repurpose and expand the existing 10,090-square-foot, two-story office building at 158 Route 206 into a three-story, 21,545-square-foot self-storage building. The building served as the corporate headquarters for Fedders, once the world’s largest air conditioner company that filed for bankruptcy in 2006, and later as administrative offices of Peapack-Gladstone Bank. Melillo also…

Self Storage Market of the Month: Passaic, NJ

StorTrack’s featured market this month is Passaic, NJ. Passaic is located north of Newark on the Passaic River and boasts a diverse economy spanning health care, manufacturing, and retail. How is Passaic 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 Passaic, NJ   Current Supply There is a supply of 2.87 square feet per capita in this market. For comparison, New…

Featured Broker: Jon Danklefs

First Vice President Jon Danklefs joined Marcus & Millichap in October 2012, was promoted to Senior Associate 2016 and was appointed to First Vice President Investments in 2020. Based in San Antonio, Jon focuses his brokerage efforts on self-storage properties in Central and South Texas and has successfully closed sales in San Antonio, Corpus Christi, Laredo, the Rio Grande Valley, El Paso, Permian Basin, West Texas, Houston and East Texas. In addition to self-storage, Jon has a track record of success with multiple land development and redevelopment sales. Taking full…

Recent Transactions: 11.05.2024 – 11.11.2024

Recent self-storage transactions highlight strong investor confidence and market diversity. KO Storage’s acquisition in North Texas and Buchanan Street Partners’ redevelopment in California show demand for both modern builds and adaptive reuse in high-density areas. U-Haul’s portfolio buy in Minnesota underscores the appeal of scalable, professionally managed facilities, while the permit-ready RV/boat site in Queen Creek, AZ, reflects growing interest in specialty storage options. Collectively, these transactions demonstrate investor confidence in both traditional and niche self-storage assets, with strong demand driven by factors like flexible management and adaptive development.  …

Newmark Secures $315 Million Loan for Self-Storage Assets Across 24 Markets in 11 US States

Newmark Group (NASDAQ:NMRK), Inc. has facilitated a $315 million refinancing deal for a national portfolio of self-storage facilities, representing a significant transaction within the alternative real estate sector. The loan was arranged by Newmark’s top executives for TPG Angelo Gordon, in partnership with Andover Properties, and was provided by a consortium of lenders including Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), and 3650 REIT. The refinanced portfolio comprises 43 properties with over 21,300 units, totaling 3.1 million rentable square feet and operating under the Storage King USA brand. These facilities are…