Author: Shinil Krishnan

Inland Private Capital Corporation (IPC) Delivers Self-Storage Property in Springfield, MO

Inland Private Capital Corporation (IPC), a real estate investment manager, and Devon Self-Storage Holdings, a privately held national storage operator and developer, announced the delivery of a 731-unit self-storage property located in Springfield, Missouri. The opening marks the ninth self-storage redevelopment delivery on behalf of an affiliate of IPC. Located close to downtown Springfield and Missouri State University’s campus, the former newspaper processing facility was converted into approximately 81,500 square feet of state-of-the-art, class-A self-storage. To date, IPC’s self-storage portfolio includes 179 properties across 30 states. “We are thrilled to…

Wedgewood Avenue Receives Planning Permission For a 5 Story Self Storage Facility in Downtown Nashville, TN

Developer Wedgewood Avenue recently received MPC approval for what could be the only asset type of its kind in the East Bank. Metro council voted to approve an SP that would permit a Class A Climate Controlled 5-story self-service storage facility at 304 Oldham Street. Entitling land for self-storage on prime corridors in Nashville has proven to be extremely difficult given the city’s preference for housing. However, this particular site’s location at the end of a cul-de-sac and among Nashville’s “Spaghetti Junction” interstate infrastructure make it ideal for this asset…

Recent Transactions: 11.14.2023 – 11.20.2023

Portfolio: Santa Fe Storage Portfolio Location: Santa Fe, TX Brokers and Brokerage: Dave Knobler and Charles LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap Acreage: 4.3 acres Square Feet: 97,090 Unit Count: 654 non-climate-controlled units and 24 outdoor parking spaces Highlights: Two small office spaces Billboard Efficiency apartment   Property: Self Storage Property (SecureSpace Blue Bell) Location: Blue Bell, PA Buyer: SecureSpace Highlights: Friendly staff Free Wi-Fi Locks and Boxes sales State-of-the-art security system Modern lobby   Property: Hanley Storage Location: Coeur d’Alene, ID NRSF: 53,920 Unit Count: 218…

Self Storage Plus in Partnership with Bonaventure Expands to Virginia Beach, VA

Self Storage Plus, a leading provider of storage solutions in the Mid-Atlantic, is pleased to announce expansion of its management services into Virginia Beach. The facility marks the 68th property managed by Self Storage Plus and the first self-storage facility for Bonaventure. “We are excited to work with the Bonaventure team to bring Class-A storage solutions to the Virginia Beach area,” said Jennifer Martinez, Director of Operations for Self Storage Plus. “We look forward to providing the same excellent customer service and experience that has been the hallmark of our…

Can You Get 70,000 Square Feet of Single-Story Self-Storage on 4 Acres? – by Marc Goodin, CEO of Storage Authority Franchise (Civil Engineer by Trade)

Yes, you can, on the perfect site if there are no tough zoning or design requirements! How do I know? I just did this sketch on a piece of scrap paper. To get to 73,750 gross square feet (59,000 Net Rentable Square Feet) of single-story self-storage, I made several assumptions as follows: This means the site is flat so you do not need to area for grading to level the site. The parcel needs to be as square as possible so no wasted land. In this case 410’ by 425’…

Self Storage Market of the Month: DeSoto, TX

StorTrack’s featured market this month is DeSoto, TX. DeSoto is a suburb of the Dallas-Fort Worth metro area. In 2006, the National Civic League presented DeSoto with the All-America City Award. DeSoto has a thriving economic sector in the medical and aviation fields and over 400 acres of land ready for development. How is DeSoto 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…

Featured Vendor: U Storage Property Management

U Storage is proud to be the top-rated self-storage operator in 3 Arkansas regions. We’re proud to offer property management to operators who want to convert existing locations or build from the ground up. Our development, operations, and marketing teams are second to none and have proven that we have systems in place to help you operate a world-class facility and U Storage brand. Owning a storage facility is one thing, but knowing how to manage and market your facility to bring the highest ROI, is a completely different challenge.…

Featured Broker: Denise Theus

Denise Theus is a dedicated real estate professional with a passion for delivering exceptional customer service. With several years of experience in the industry, Denise is a valued member of the Calvary Realty Commercial real estate agency, serving the greater Los Angeles and surrounding areas. Denise possesses a unique ability to navigate both the commercial and residential real estate markets, customizing her approach to cater to the specific needs of homebuyers and business owners alike. Her extensive background in sales, business management, and marketing sets her apart, and she is…

Safeguard Self Storage Adds 26,400 Square Feet to it’s Seffner, Florida Location to Accommodate Outdoor Parking Demand

Safeguard Self Storage is pleased to announce the successful completion of a significant parking expansion project at its Seffner location. The expansion, part of Safeguard’s commitment to meeting the evolving storage needs of the community, added 53 new parking spaces, enhancing the facility’s capacity, and offering convenient options for residents in Seffner and the surrounding areas. Situated at 1615 South Kingsway Road in Seffner, Florida, the Seffner Safeguard Phase II now features an impressive total of 26,400 net rentable square feet dedicated to parking, offering various sizes, including 12.5 x…

Boston St. Self Storage Has Plenty in Store For Lynn, MA

Todd Flannery has new services to offer with the opening of his latest business at 111 Locust Street Flannery’s Handymen, his moving company, has been serving the community for more than 20 years, and Flannery has now added his brand-new storage facility, Boston Street Self Storage, to his portfolio. The property where the facility is located had already been owned by Flannery, as it was used to house his moving company’s vehicles. The previous building was brought down and the 12-year process of constructing a new, state-of-the-art facility began. With…