Property: Liberty Bend Self Storage Location: Liberty, MO Seller: Russell Family Real Estate, LLC Broker and Brokerage: Larry Goldman, CCIM of Argus (broker affiliate representing Kansas, Missouri, Arkansas and Southern Illinois) Square Feet: 60,050 Unit Count: 482 units Economic Occupancy: 70% CAP Rate: 6% Property: Stor-Mor Self Storage Location: Rosemead, CA Broker and Brokerage: Dean Keller of Bancap Self Storage Group Square Feet: 44,500 Unit Count: 660 indoor storage units and 85 outdoor vehicle storage spaces Physical Occupancy: 95% Property: Empire Self Storage Location: Traverse City, MI…
Author: Shinil Krishnan
Featured Broker: Nate Marsing
Nate’s unique ability to connect with people has served him well throughout his sales career. Prior to joining Storage Exchange, Nate worked as an Executive Outside Sales Representative for Hafele America, where he excelled in manufacturing hardware sales and territory management. Nate graduated from Westmont College in Santa Barbara, California with a degree in Economics and Business. Contact: Nate Marsing, Associate nate@storageexchange.com
U-Haul Announces Plans for New Store by 2026 in Payson, AZ
The recent acquisition of 9.89 acres at 1900 N. Beeline Hwy. will pave the way for Payson’s first U-Haul® self-storage, retail and moving facility. U-Haul Moving & Storage of Payson is scheduled for completion by 2026. Plans call for the creation of an attractive three-story self-storage building encompassing more than 80,000 square feet. The store will offer more than 600 indoor, ADA-accessible self-storage units with climate-control options at affordable price points. U-Haul also plans to construct a separate secure warehouse for its portable storage containers. “This will be our first…
U-Haul Self-Storage With Recent Land Acquisition Opens in San Antonio, TX
A new U-Haul® self-storage, retail and moving center is coming to San Antonio thanks to the recent 11-acre land acquisition at 7616 NW Loop 410. The target completion date for U-Haul Moving & Storage of Ingram Park is early 2026. U-Haul acquired the property on Jan. 23. The facility will include a three-story building with more than 750 indoor climate-controlled self-storage rooms with high-end security features at affordable price points. Customers will also have access to truck and trailer rentals, boxes and moving supplies, towing equipment and professional hitch installation,…
DXD Capital Delivers Self Storage Facility in Lithia Springs, GA
DXD Capital has completed a 71,335-rentable-square-foot self-storage facility in Lithia Springs, Ga. The property is being managed by Public Storage. DXD Capital purchased the property in June 2022 through its first fund, DXD Self Storage Fund I, which closed in November 2021 at $63 million of committed capital. The project was also subject to a $12.2 million construction loan, provided by Century Bank of Georgia. Construction on the Class A facility began in March 2023, with Valston serving as the project’s general contractor. The three-story building has two on-grade levels,…
Potential Self Storage Facility Progresses Along Loxahatchee Road in Parkland, FL
A potential self-storage facility to be built on just over 4 acres of land along Loxahatchee Road took another step forward at this week’s City Commission meetings in Parkland. The Parkland City Commission voted unanimously to amend the Future Land Use Map to Commercial, which would potentially allow the 4.35 acres to be rezoned to Self-Storage. The building would be a 3-story, approximately 150,000-square-foot facility. The proposal comes from Parkland Storage, LLC, and the land is located at 7700 Loxahatchee Road. Source
IOS (Industrial Outdoor Storage) Site Trades for Redevelopment into Self-Storage in Los Angeles, CA
Avison Young finalized the $2.68-million sale of a 1.41-acre industrial outdoor storage (IOS) property that will be redeveloped as an approximately 90,000-square-foot self-storage facility. Located at 943 N. Marianna Ave. in Los Angeles, the site is just east of downtown Los Angeles and provides immediate access to the 10, 710, and 60 freeways. Principal Patrick Barnes and senior associate Paul Clark represented the seller, a family trust. The buyer, Los Angeles-based Cypress Equity Investments, represented itself. “Our team focused our marketing strategy and outreach to the self-storage industry as we…
SecureSpace Announces Opening of New Self-Storage Facility in Odenton, MD
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Odenton, located in and serving the city of Odenton, MD. The newly-built Class A facility is strategically located at 1872 Mayfield Rd and offers 89,423 square feet of 100% climate-controlled self-storage space with units ranging from 5’x4’ to 10’x29’, as well as 40 long-term RV parking spaces. The facility sits at the intersection of the Patuxent Freeway and Telegraph Road in the affluent DC suburb, where a combined 78,000 vehicles pass by daily, with a high…
Recent Transactions: 1.30.2024 – 2.05.2024
Property: Stakit Storage Of Zanesville Location: Zanesville, OH Property Address: 5230 Mayville Pike, Zanesville, OH 43791 Year Built: 1993 Brokers and Brokerage: David Perlleshi and Frank DeSalvo of Franklin Street Acreage: 1.58 acres NRSF: 14,400 Unit Count: 102 Room For Expansion: Yes (for an additional 6,600 NRSF) Physically Occupancy: 86.27% Economically Occupancy: 84.65% SF/Capita: 5.1 (within five-mile radius) Vehicles Per Day: 6,024 Highlights: Stabilized non-climate self storage facility Offers enough room for expansion Facility is configured for remote operations allowing for a seamless transition to new ownership Property:…
Featured Broker: Alec J. Pacella, CCIM
Alec Pacella, CCIM is a seasoned investment professional, with 20 years of experience as both a principal and a highly successful real estate salesperson. As Senior Vice President, he focuses on the marketing and sale of institutional-quality real estate assets. Alec has received numerous professional accolades during his career. He is a three-time winner of NAIOP’s Investment Deal of the Year, winning the award in 2004, 2005 and 2006. He completed the largest individual investment transactions in Cleveland five times since 2000. He was named to Crain’s “Forty Under 40”…