Stuf, a New York City-based self-storage startup, has entered the Seattle market with two new locations, both utilizing space within office properties. With locations in eight metro areas, Stuf partners with property owners to monetize basements, garages and other spaces in buildings as tech-enabled storage. “Over the last year, we have tripled our real estate footprint by partnering with incredible office, multifamily, and retail landlords who see value across the entire asset and seek to monetize their buildings in new and creative ways,” said Katharine Lau, CEO and co-founder, Stuf.…
Author: Shinil Krishnan
Featured Broker: Brandon Robinson
Brandon Robinson is the National Director of Investment Sales at Calvary Realty. Brandon and the Calvary Realty Storage Group specialize in self storage and commercial transactions nationwide. With prestigious recognitions, such as CoStar’s “Power Broker” and Crexi’s “Platinum Broker” under his belt, Brandon’s strength is in his client-agent relationships, assisting both buyers and sellers to achieve the best outcome in every transaction. Over the past six years, he has overseen the growth of Calvary Realty into one of the top storage brokerage firms in the nation. Throughout his 16-year career,…
Summer is almost here! Are you ready to welcome Boat and RV owners?
Summer is around the corner and boat and RV owners are making plans to get out on the water and hitting the open road. Due to the sustained popularity of RVs and boats, the demand for this niche property sector continues to surge. In fact, investors continue to invest in this category at record-high levels. Is your facility prepared to service the evolving demands and expectations of these customers? Facility design plays a crucial role in this customer segment. Boat and RV owners are all too familiar with the hassle…
Indoor Self Storage Business Planned for Dormant Fairborn Former Kmart
Originally this was approved (for) about two-thirds storage and the rest of it would have been some type of retail space” A long-dormant former Kmart site at a largely vacant Fairborn shopping center is the focus of a proposal for a 600-plus-unit indoor self storage business. Plans for the location at the Five Points Plaza at 224 E. Dayton Yellow Springs Road include an 84,180-square-foot Storage Sense on about 9.5 acres that also includes a former Kroger site, Fairborn records show. It is reported to be a $4 million project…
Byline Bank Lends $14 Million on Self Storage Build in Paramount
The infill project will total 845 units, including 841 temperature-controlled units. The property will be managed by Madison Capital’s self storage brand, Go Store It.” Byline Bank’s Commercial Real Estate team has provided a $13.67 million construction loan to Madison Capital Group, a Charlotte-based real estate developer with offices in Newport Beach. Madison Capital will use the funds to develop a new-construction self storage property, located at 15932 Minnesota Ave. in Paramount. The infill project will total 845 units, including 841 temperature-controlled units. The property will be managed by Madison…
A New Storage Facility is Being Built in Jackson
Dysert purchased the 7-acre property from Daugherty Tree Service for $165,000 back in August of 2021, according to property records.” A new development in Jackson is bringing another storage facility to the area. A property at 1700 S. Cooper St. will be the new home of a Jackson Self Storage location. Construction is taking place at the site to build a new facility for residents with larger-storage needs, such as equipment for small businesses, owner Doug Dysert said. “They’re very popular for people who have tools and equipment for small…
Tennessee Firm Plans $6 Million Extra Space Storage Facility in Framingham
The property is owned by 58 Exchange Realty, LLC of Milford, which last purchased it in 2016 for $3.1 million, according to City of Framingham property records.” A Tennessee company has proposed a 90,000-square-foot storage facility at 579 Old Connecticut Path in Framingham. The self storage facility, consisting of two buildings, is estimated to cost more than $6 million, according to an application submitted to the City of Framingham’s planning board by Katherine Garrahan a partner at Worcester-based law firm Bowditch & Dewey, on behalf of her client, PSI Atlantic…
SecureSpace Self Storage Opens New Self Storage Facility in New York City MSA
It is located directly in the middle of a mile-and-a-half stretch of what, from above, looks like an octopus of high-traffic roads coming together. We’re at the busy nexus of a wealthy local resident base.” SecureSpace Self Storage announced the grand opening of SecureSpace Elmsford in Westchester County, representing its most recent acquisition in the New York City area. Located at 33 West Main Street in Elmsford, the newly-built Class-A facility straddles the westbound entrance and eastbound exit of the Cross Westchester Expressway, on which over 135,000 vehicles pass…
Recent Transactions: 5.23.2023 – 5.29.2023
Portfolio: Fortress Self Storage Portfolio (Four properties) Location: Lawton, OK Broker and Brokerage: Jared Jones of Jones Investment Real Estate (Oklahoma affiliate of Argus Self Storage Advisors) NRSF: 198,802 Highlights: The property has significant upside available through; Increased focus on revenue management strategies Implementation of tenant protection/programs and future expansion Property: Self-Store-It Location: Cheshire, CT Year Built: 2014 Year Opened for Business: December 2021 Broker and Brokerage: Nathan Coe, Brett Hatcher, Gabriel Coe and John Krueger of The Hatcher Coe Group of Marcus & Millichap NRSF: 18,745 Unit Count:…
Featured Broker: Mike Mele
Mike Mele leads Cushman & Wakefield’s National Self-Storage Capital Markets Team. He works closely with private owners, institutional owners and investors around the country to maximize their self-storage real estate value. Having started his career in 1999, he’s since built an industry-leading team, which has closed over 700 transactions totaling more than $8.5 billion. With more than two decades of experience as a self-storage advisor, Mike is consistently recognized by industry organizations as well as national trade publications for his critical leadership, expertise and knowledge of the self-storage industry. Professional…