Hunt Midwest is building its sixth and largest StorTropolis, a 112,987-rentable-square-foot self-storage facility in Olathe, Kansas The developer partnered with Strickland Construction and Storage Asset Management to build and operate the property. The project is slated for delivery in September 2024. Upon completion, the three-story, three-building facility is set to include 867 climate-controlled units, ranging from 25 to 546 square feet for boats, RV and other large equipment. Amenities will include 24-hour video surveillance, gated entry, an enclosed loading bay with direct unit access, oversized elevators, an online leasing process…
Author: Shinil Krishnan
KO Storage Opens in Former EconoFoods Site in Red Wing, MN
A high-profile vacant building in Red Wing is vacant no longer. In September, KO Storage opened in the space, formerly occupied by Econo Foods, located at 160 Tyler Road South. The building sat vacant for four years before being repurposed as a storage facility. Construction started in November 2022 after KO Storage acquired the property. “We are excited and privileged to be serving people in Red Wing,” said senior project manager Colin O’Brien. “We could not have done it without local contractors, or the approval of the city to let…
SecureSpace Announces Opening of New Self-Storage Facility in Manhattan, NY
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Manhattan, located in and serving the borough of Manhattan in New York, NY. The newly-built Class A facility is strategically located at 424 East 90th Street and offers 88,630 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5’ to 10’x30’. With an adjusted one-mile radius self-storage supply of 0.6 square feet per capita, the store offers nearly the sole storage option available to the one-mile population of 225,000 in the most densely populated…
Self-Storage Facility Opens at Long-Vacant Site in Roslyn Heights, NY
A new 650-unit self-storage facility has opened in Roslyn Heights. Operated by Extra Space Storage, the four-story, 98,000-square-foot building was constructed on a 1.32-acre site at 71 Jane St. Publicly traded Extra Space Storage is the second largest operator of self-storage facilities in the U.S. The new self-storage project, reported to cost more than $12 million, was developed by Syosset-based Blumenfeld Development Group and The Hampshire Companies, headquartered in Morristown, N.J. The property had been home to a 30,000-square-foot building, first built in 1983, that had been occupied by several…
Recent Transactions: 11.7.2023 – 11.13.2023
Property: Self-Storage Facility Location: Greenwood District, WA Closing Deal: $30 Million Year Built: 2019 Buyer: InSite Property Group affiliate Seller: Nickerson Properties LLC affiliate Acreage: 1+ acre Square Feet: 150,138 Portfolio: Two Self-Storage Portfolio (StorQuest Self Storage) Locations: AZ, CO, CA, NV and FL Closing Deal: $67 Million Buyer: The William Warren Group Brookers and Brokerage: Kim Bishop, Eric Snyder, Mason Brusseau, Ivan Viramontes and Lauren Maehler of Talonvest Capital Portfolio: Three-Property Self-Storage Portfolio Locations: Vista, CA, Tempe, AZ and Las Vegas, NV Closing Deal: $31.9 Million…
Featured Broker: Ashley Compton
Ashley Compton is a Principal and Vice Chairman at Colliers and also a leader of the Colliers Self Storage group which specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach…
Smart-Access Technology: A Self-Storage Revolution
There’s a revolution taking place all over the world – a smart revolution. We are increasingly using smart devices for everything from food shopping to job interviews to following our favorite sports teams. And nowhere is this revolution more obvious than in the world of self-storage. Smart access is changing the way owner-operators do business, it’s overhauling the tenant experience, and it’s revolutionizing the entire self-storage industry, creating many more opportunities for increased revenue. Smart solutions utilize cutting-edge technology to create a self-storage experience that benefits both owner-operators as well…
Recent Transactions: 10.31.2023 – 11.6.2023
Property: Highway 36 & Moffat Road Storage Location: Temple, TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 81,840 Unit Count: 257 units Property: ABC Mini Storage Location: Aberdeen, WA Closing Deal: $2.2 Million Year Built: 1997 Broker and Brokerage: Christopher R. Secreto of Marcus & Millichap Square Feet: 20,714 Unit Count: 172 Property: American Self Storage Location: Albuquerque, NM Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 61,537 Unit Count: 535 units…
Featured Broker: Sharon R. Wright, CCIM
Sharon Wright, CCIM, has worked in real estate since 1992 and specializes in self-storage and commercial sales for Argus Self Storage Advisors / Omega Properties, Inc.. Sharon is a recognized leader in the real estate industry, having served as president for the Baldwin Realtors and was awarded Realtor of the Year for the association. Sharon has also served as a State Director for the Alabama Association of Realtors. A graduate of the University of Alabama with a degree in accounting, Sharon is a member of the National Association of Realtors,…
My Attic Self Storage Unveils a New Location in Toccoa, GA
My Attic Self Storage is delighted to announce the opening of its latest facility at 1525 Falls Rd, Toccoa, GA 30577. This new addition represents a significant step forward in delivering top-quality storage solutions to the residents and businesses of Toccoa and the surrounding areas. The newly established “My Attic Self Storage” location in Toccoa offers an extensive range of storage unit sizes, catering to diverse storage needs. Customers can find suitable options for storing personal items, household possessions, or business inventory, all in a convenient and accessible location. Situated…