The Roxboro City Council Approves Storage Facility in Shelton Road, NC

The Roxboro City Council unanimously voted to approve a site plan for a self-storage facility at 1147 Shelton Road Tuesday night. The facility is proposed to feature 16,314 square feet of buildings with one office and five self-storage buildings, triggering a major site review by the council Tuesday night. The city requires a Planning Board and council review when projects are more than 7,000 square feet in structures or more than one acre of disturbed area. In November, the Planning Board unanimously recommended approval of the site plan. The amount…

Amazing Spaces® Sets New Heights in Storage with the Grand Opening of Tallest Ground-Up Storage Property in Houston, TX

Amazing Spaces Storage Centers, the renowned provider of secure and clean storage solutions, is proud to open the doors of its seventh property. This remarkable addition to the company’s portfolio showcases Amazing Spaces’ commitment to offering unparalleled storage solutions, combining security, aesthetics, and a truly upscale experience. The new property, following the company’s signature look of an elegant ski lodge, sets a new standard in the industry, and further solidifies Amazing Spaces’ position as a leader in the self-storage market. Serving the Greenway ~ Upper Kirby ~ River Oaks communities,…

Knickpoint Secures $18 Million Financing for Miami Self-Storage Project in Miami, FL

Knickpoint Ventures is developing 36th Street Storage, a self-storage project consisting of 1,160 storage units or 98,488 rentable square feet located in Miami. Knickpoint acquired the 1-acre site for $4.6 million in 2022 and concluded the planning and entitlement efforts in 2023. The land was a used car lot before Knickpoint purchased it. Knickpoint engaged the Aztec Group to source construction financing for the project. The Aztec Group arranged $18.3 million in construction financing for the deal. The financing opportunity of 36th Street Storage was awarded to Bank Hapoalim. 36th…

10 Federal Surpasses $96 Million in Capital Raise, Expands 4th Self-Storage Offering in Greeneville, TN and Seguin, TX

10 Federal, a prominent operator in the self-storage sector, proudly announces a significant achievement with a successful capital raise surpassing $16 million in the fourth quarter of the year for their 4th Self Storage offering. This latest accomplishment marks a large milestone, bringing the total capital raised by 10 Federal’s fourth offering to a noteworthy $96 million. Andrew Capranos, President of 10 Federal, expressed gratitude, stating, “We are immensely pleased with the trust from our valued investor base, reaching a cumulative capital raise of $96 million since the offering’s inception…

Etude Storage Partners Aims to Deploy at Least $500 Million for Self Storage Investment Across the North American Market

Etude Capital, one of the largest owners of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity controlled by Richard D. Kinder, today announced the launch of Etude Storage Partners, a joint venture that will invest across the North American self-storage market. The joint venture has a $250 million equity commitment from San Felipe Financing LLC and aims to deploy at least $500 million. Etude Storage Partners is positioned to acquire and provide debt financing to self-storage facilities. The joint venture capitalizes on…

Recent Transactions: 1.09.2024 – 1.15.2024

Property: Self-Storage Development Site Location: San Antonio, TX Buyer: DD&B Construction Broker and Brokerage: Jon Danklefs of the Danklefs Group of Marcus & Millichap Acreage: 3.2 acres     Property: Dempewolf Mini Storage Location: Ponca City, OK Broker and Brokerage: Jared Jones of Argus NRSF: 36,355 Highlights: Significant upside available through increased focus on revenue management strategies Future expansion     Property: Storage Near Me Location: Kathleen,GA Buyer: Amerco U-Haul Broker and Brokerage: Jared Jones of Argus NRSF: 102,625 Highlights: Significant upside available through increased focus on revenue management strategies…

Self Storage Market of the Month: Missouri City, TX

StorTrack’s featured market this month is Missouri City, TX. Missouri City is located within the Houston metro area. This city has experienced residential and commercial growth in recent years resulting in an increased activity in the development of retail centers and housing projects. How is Missouri City 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 Missouri City, TX   Current…

Go Store It Expands it’s Footprint in Pensacola, FL

Go Store It, an affiliate of Madison Capital Group, has opened an adaptive reuse self-storage facility in Pensacola, Florida. The 70,147-rentable-square-foot property formerly was an office building originally completed in 1972. BenCo Construction was part of the development team. According to the same data provider, the project was subject to a $7 million construction loan in 2022, funded by Ameris Bank. The two-building, two-story property has 530 climate-controlled units ranging between 38 and 250 square feet. Amenities include video surveillance, keypad access, moving and packing supplies, security lighting and fencing,…

Self-Storage Facility Proposed at Highway 77, Inglewood Drive in Baxter, MN

A storage project by a well-known name in the area restaurant industry could be the spark to ignite additional development on Baxter’s north end. Bob Sullivan, known for his long history in owning restaurant franchises in the area from Wendy’s to projects with Bob and Larissa Sulivan, such as Firehouse Subs and Blaze Pizza , was before the Baxter City Council Tuesday, Jan. 2, with a proposal for a storage unit project near the intersection of County Highway 77 — also known as Pine Beach Road — and Inglewood Drive.…

Recent Transactions: 1.03.2024 – 1.08.2024

Property: Ultimate Storage Plex Location: Greeneville, TN Address:1640 E Andrew Johnson Hwy, Greeneville, TN 37745 Year Built/Renovated: 1970 / 2022 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street NRSF: 58,440 Unit Count: 248 units Seller Testimonial: “The team at Franklin Street demonstrated remarkable tenacity working this transaction. Their utilization of market expertise proved instrumental in attracting the most suitable buyer to the negotiating table. Frank and David diligently navigated each stage of the transaction, overcoming obstacles with unwavering persistence. We are satisfied with the outcome and enthusiastically…