Featured Broker: Bruce Bahrmasel

Bruce Bahrmasel has specialized in the brokerage of self-storage properties for over 28 years. He has extensive experience valuing and selling this unique property type. Bruce represents Argus in Northern Illinois and Wisconsin. Contact: Bruce Bahrmasel 548 Michigan Ave #1 Evanston, IL 60202 P: 312-518-3550 Email Me Argus Territory: Northern Illinois & Wisconsin

Recent Transactions: 12.27.2023 – 1.02.2023

Property: Self-Storage Facility (leased to Storage King) Location: Miami, FL Closing Deal: $20 Million Year Constructed: 2019 Seller: Snapbox Self Storage Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley of Argus Acreage: 2 acres Square Feet: 100,588   Property: Valley Mini Storage Location: Phoenix, AZ Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley of Argus Acreage: 1.14 acres NRSF: 61,300 Unit Count: 770   Property: Ourspace Storage Location: Wellton, AZ Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley…

StorageMart Opens New Self-Storage Facility in Indianapolis, IN

StorageMart has opened a new self-storage facility on East Washington Street in Indianapolis. The property offers 785 units with 82,159 rentable square feet of climate-controlled space in assorted sizes. Security features include 24/7 video surveillance, PIN entry access and motion sensor lighting. About StorageMart Founded in 1999 in Missouri, StorageMart operates more than 250 locations across the United States, Canada and the United Kingdom. Source

ClearHome Self Storage Open in Longmont, CO

ClearHome Self Storage opened this month in east Longmont at 10958 Weld County Road 5. The six-acre facility “consists of over 700 units and over 81,000 rentable square feet,” the company said in a news release. The Class A self-storage facility includes a mix of climate-controlled and drive-up units, as well as 46 uncovered boat and RV parking spaces.” Construction of the facility began in fall 2022. “Many of the nearby self-storage facilities are at full capacity, difficult to access, or lack amenities like climate-controlled units and state-of-the-art security systems.…

Storelocal Storage and Cedar Creek Capital Break Ground on New Self Storage Facility Development in Surprise, AZ

Storelocal Storage celebrated the groundbreaking of its newest Storelocal Storage facility in Surprise, Arizona. Guests included Cedar Creek Capital CEO A.J. Osborne, as well as Former Congressman Barry Goldwater Jr., Entrepreneur Ken Pinckard, and TV Personality Tarek El Moussa, along with Surprise Mayor Skip Hall, Councilmember Alyson Cline, and Jeanine Jerkovic, CEcD from the City of Surprise Economic Development Team, were in attendance, signifying the importance of the ceremony. The ceremony introduced Storelocal Storage Surprise, an innovative self-storage facility offering an unmatched experience for customers. The new self storage facility…

Climate-Controlled Self-Storage Unit Breaks Ground in Auburn, ME

The $5 million project will offer 750 temperature and humidity-controlled storage units on Turner Street. Diamond Point Development and The Ardent Companies broke ground on a three-story, 100,000-square-foot self-storage facility at 179 Turner St. on three undeveloped plots next to the Dead River Company complex. The more than $5 million project will be a standout in the Lewiston-Auburn market, offering 750 temperature and humidity-controlled storage units in one location. Developer Jason Sommer said their analysis showed that the Lewiston-Auburn market is “underserved” when it comes to climate-controlled, self-serve storage facilities.…

Gantry Arranges Refinance For Two Self-Storage Properties in Bay Area, CA

Gantry secured a total of $17.6 million in permanent loans to refinance a pair of Bay Area self-storage facilities. The life company financings funded the sponsor at $9.5 million for SAF Keep San Ramon and $8.1 million for SAF Keep Hayward, which totals 244,605 square feet of rentable space. Principal Tom Dao and associate Erinn Cooke with Gantry’s dedicated Self Storage Financing Team secured the financing on behalf of the borrower, a private real estate entity. The 10-year loans were sourced from one of Gantry’s correspondent life company lenders and…

StorageMart Keeps Expanding with New Self Storage Facility in Indianapolis, IN

StorageMart, a prominent international self-storage company, is pleased to announce the opening of a new facility in Indianapolis, Indiana. This facility, located on East Washington Street, offers 785 units with over 82,159 rentable square feet of climate-controlled self-storage options in assorted sizes. Notable security features include 24/7 video surveillance, PIN entry access, and motion sensor lighting. The newly inaugurated facility simplifies the process of storing items with online and phone reservation options. Plus, the facility will offer moving and packing supplies and allow customers to access their stored items at…

I Wish I Knew This When I Built My First Self-Storage. I Would Have $500,000 Extra in My Wallet! – by Marc Goodin, President of Storage Authority Franchise Civil Engineer by Trade 30+ years

Imagine $700 cash showing up in your wallet every Sunday morning. That is what many self-storage owners are giving up each week because they are not taking ancillary sales seriously. Self-storage ancillary income makes a huge difference in your profits now and when you sell. Let’s run through the numbers for 500 units rented with a turnover rate of 20 units a month $29 admin fee x 20 units rented a month = $580/month Required Tenant Insurance: 500 units rented x 80% penetration x $10 profit/month = $4,000/month $29 late…