Author: Shinil Krishnan

Recent Transactions: 04.18.2023 – 04.24.2023

Property: Morganton Development Site Location: Morganton, NC Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street – Commercial Real Estate & Insurance Brokerage Acreage: 2.13 Acres NRSF: 24,750 Pro Forma NOI: $212,859 Parcel Number: 31678; 0031680 Highlights: Site is approved for non-climate self storage This site benefits from strong market rates that should continue to increase thanks to the presence of institutional competitors This site is strategically located just off US Highway 70 (Carbon City Rd) which sees 16,500 VPD 5-mile population of over 35,000 people Morganton is…

Featured Broker: Bobby Loeffler

In 2009, Mr. Loeffler formed The Loeffler Self-Storage Group – a commercial brokerage firm directed exclusively on representing the buyers and sellers of storage properties throughout the West. He has closed transactions ranging from a $33,000,000 lease-up portfolio to an $800,000 self-storage facility. Since 2002 he has sold over $400 Million worth of commercial properties. Prior to forming LS-SG, Bobby was a Vice President of Investments for Marcus & Millichap and was based out of their Roseville office. He was a Director of the National Self-Storage Group and received various…

Featured Broker: Tenere Williams

Tenere Williams is a Senior Associate in the Elizabeth Clark Group at Douglas Elliman Commercial and is based out of the firm’s Beverly Hills office. Tenere’s 18 years in the real estate world have allowed him to build a business that is predicated on helping individuals, estates and families increase their net worth through the sales and acquisition of cash-flowing commercial real estate. Tenere’s expertise lies in 1) creating real estate portfolios for new investors and 2) helping to transfer equity from the sales of existing properties to higher-performing properties…

Store Space Forms Join Venture with Storage Point Capital to Pursue Self Storage Acquisitions

We want to be a conduit to help Store Space reach its goal of 500 facilities nationwide,”  – Matthew Horne, Co-Founder and CEO of Storage Point. As Store Space continues to expand, this partnership will help maintain and create a robust acquisition pipeline,”  – Rob Consalvo, Co-Founder and President of Store Space Store Space Self Storage, which operates more than 100 facilities, has entered a joint venture agreement with real estate investment firm Storage Point Capital to pursue acquisitions. The partnership includes the deployment of a Storage Point feeder-fund investment…

Featured Broker: Caroline Holliday

With experience in both residential and commercial property investments, Caroline provides an in-depth understanding and industry insights into the self storage real estate market. Prior to joining Storage Exchange, she worked as an event coordinator focused on philanthropic fundraising. Caroline attended the University of Colorado where she earned her BA from the college of media & communication and served as co-captain of the women’s Soccer team. Contact: Caroline Holliday – Associate, Storage Exchange caroline@storageexchange.com

Nexpoint Launches Fourth Self Storage DST Offering With Three Premium Assets

NexPoint Storage Partners, Inc. acquired the assets for inclusion in NexPoint Storage IV DST, which aims to raise $70.3 million. The assets are managed by Extra Space Storage and offer revenue and value growth potential in two of Arizona and Florida’s MSAs.” NexPoint Storage IV comprises three GenV assets in Arizona and Florida MSAs with population growth potential. NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Storage IV DST, a Delaware statutory trust (“DST”) offering comprised of three Class A, GenerationV (“GenV”) assets in submarkets with…

Recent Transactions: 04.11.2023 – 04.17.2023

Property: A-1 Lakeview Safe Storage Location: Fayetteville, NC Brokers and Brokerage: Jonathan Fawley, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap NRSF: 23,500 Unit Count: 167 climate-controlled and non-climate controlled units plus 15 outdoor parking spaces Physical Occupancy:95% Highlights: Multiple offers At and Above list price Room for expansion Room to build on-site management office Dense & growing surrounding population: 81,090 people living within a five-mile radius represents a 47%increase since 2000 Property: Self Storage Facility Location: Rolla, MO Brokers and Brokerage:…

Talonvest Capital Negotiates $24.7 Million Loan for Florida Portfolio

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the successful closing of a $24,685,000 bridge loan for York RE Capital Partners and their institutional JV equity. The borrower acquired a Naples, FL storage property at certificate of occupancy and a recently delivered Venice, FL storage facility. The properties have 167,126 net rentable square feet in almost 1,700 climate-controlled units. The state-of-the-art storage facilities are strategically located in rapidly growing areas and benefit from high visibility and easy access. The loan, provided…

Berlin Turnpike Storage Facility Approved

The facility will have nearly 630 interior self-storage units, office space, an employee break room, a retail area, and more than 20 units with outside entrances. The property is 11 acres total, with 7.6 of them in Wethersfield, and located just south of the Route 175/Berlin Turnpike interchange.” A developer has gained approval to build a self-storage facility at 2176 and 2180 Berlin Turnpike on the Newington-Wethersfield line. Applicants Robert Pryor, director of engineering for Solli Engineering LLC and White Plains-based BDC Holdings Inc., are planning a three-story, 99,360-square-foot self…

Orlando-Based Liberty Investment Properties Raises Over $43 Million to Expand Self Storage Portfolio

Liberty Investment Properties has partnered with the StoreEase Virtual Management platform to improve revenue by employing a proprietary and proven virtual management model while significantly reducing costs.” Liberty Investment Properties, a leading real estate investment firm, has raised over $43 million in equity for its Liberty Storage Fund II. This funding will be utilized to purchase self-storage facilities in the Southeast region of the United States. With a diverse portfolio totaling over $1 billion in assets, Liberty Investment Properties has consistently provided outstanding yields to its private investors while simultaneously…