Author: Shinil Krishnan

Recent Transactions: 03.14.2023 – 03.20.2023

Property: Storage Of Englewood Location: Englewood, FL Closing Price: $6.43 Million Brokers and Brokerage: Chris Travis and Hunter Robey of the Travis Group of Marcus & Millichap Acreage: 11.84 acres Unit Count: 750 units Highlights: Located in the Bradenton-Sarasota-Venice MSA Fully gated Ample LED lighting On-site manager  Portfolio: Greenleaf Self Storage Four Property Portfolio Location: Seneca, SC Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. Acreage: 7.86 acres NRSF: +/- 110,821 Unit Count: 908 climate-controlled and standard drive-up units as well as parking Highlights: Close proximity to Clemson University…

Featured Broker: Gabriel Coe

Gabriel Coe is a senior managing director of investments with the Hatcher Coe Group of Marcus & Millichap. In his first eight years with Marcus & Millichap, Gabriel has sold over $4 billion in self storage transactions, representing properties in 33 states. Gabriel and his team closed 294 properties in 2022 totaling over $2.1 billion in sales. Gabriel is currently ranked first (tied with his partner Brett Hatcher) within the National Self Storage Group at Marcus & Millichap and ranked ninth (tied with his partner Brett Hatcher) of all Marcus…

Toy Storage Nation to Host Boat and RV Storage Workshop in Partnership with the 2023 ISS World Expo

  Las Vegas Executive Workshop $1,490 – includes April 14 Executive Workshop + ISS Expo Package (April 12-13). Toy Storage Nation, in partnership with Inside Self Storage, is hosting a one-day Executive Boat & RV Workshop at the ISS World Expo. Best Practices for Executive RV & Boat Storage Facilities Workshop April 14 / Las Vegas / Caesars Forum Conference Center View Agenda Questions? Call Amy Bix @ 602-909-3910 REGISTER HERE Click “Attendee Registration” at Top Right of Page Select “Expo Package” option Complete profile and demographics information Select “continue” on…

Management Options for Small Self Storage Facilities

A small self storage facility can be a profitable investment option when it is managed well. If your property (or future property) is between 5,000 – 15,000 square feet, 100 units or less and generating $50,000-$60,000 in gross annual revenue, it may be beneficial to explore management options outside of a traditional full-time employee. Listed below are six alternative methods to successfully manage smaller facilities, while simultaneously increasing cash flow potential: 1. Manage the property as a satellite location to an existing facility. Assuming you already own a facility in…

MiniCo Announces Sale of its Publishing Division to Storelocal

MiniCo created the first self storage industry trade publication with the launch of Mini-Storage Messenger in 1979″   First Self Storage Trade Publication Entering New Era of Leadership. MiniCo Insurance Agency LLC (MiniCo) announced today that it has finalized the sale of its Publishing Division, effective March 1, 2023, to Storelocal Media Corporation (Storelocal). “It’s very exciting,” said Travis Morrow, Storelocal’s CEO, “Mini-Storage Messenger is not about just a magazine–it’s what it represents to the industry. We view Mini-Storage Messenger and its annual Self Storage Almanac as more than a…

Miami Firm Picks Up Westchester Warehouse, Development Site for $30m

Basis Industrial plans an additional warehouse on the property, which sold for just $9M in 2016″ A Miami warehouse and self storage firm is planting its flag in Westchester County — and paying a significant premium to do so. Basis Industrial, based out of Coconut Grove, paid $30 million for a 60,000-square-foot warehouse and adjacent development site at 100 Business Park Drive in Armonk. The 11-acre parcel comes with more than 140,000 additional buildable square feet. Basis plans to add a 100,000-square-foot industrial and self storage facility on the land”…

SecureSpace Announces Opening of New Self Storage Facility in Los Angeles, CA

Continuing our expansion across California, I am excited to announce that SecureSpace Firestone is now open,” SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility, strategically located at 2268 Firestone Blvd, Los Angeles, CA, at the nexus of the Interstate 110, 10, 710, and 105 freeways. SecureSpace Firestone offers 116,125 square feet of 100% climate-controlled self storage space with units ranging from 5’x5’ to 10’x30’. The site is located in the Los Angeles/Long Beach/Anaheim MSA, which has a population of around 13.3 million. The three-mile trade…

Recent Transactions: 03.07.2023 – 03.13.2023

Property: Hanover Self Storage Location: Hanover, PA Brokers and Brokerage: Luke Dawley, Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 32,150 Unit Count: 278 non-climate and climate-controlled units Physical Occupancy: 92%   Property: A RV Storage Location: Joshua, TX Brokers and Brokerage: Bryan Quaschnick, Danny Cunningham and Brandon Karr of the Karr- Cunningham Storage Team of Marcus & Millichap NRSF: 45,072 Unit Count: 100 units Highlights: Perimeter fencing and lighting Wide driveways 24/7 video surveillance system Opportunity for expansion Garage-style roll-up doors…

Marcus & Millichap Adds Andreas Makris to Bledsoe Self Storage Group

Andreas’ extreme professionalism and organization throughout the transaction left a great impression on me” Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the newest addition to the Bledsoe Self Storage Group, Andreas Makris, serving the Northeast and Mid-Atlantic markets in the Self Storage Division. The founder of the team, Kevin Bledsoe, joined Marcus & Millichap in July 2022. Bledsoe’s decision to add Makris aligns with his long-term strategy to unify talented advisors to best serve self storage…

Market of the Month: Millcreek, UT

StorTrack’s featured market this month is Millcreek, UT. Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts. How is Millcreek as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Millcreek, UT Current Supply: There are 5.22 square feet per capita in this market. For comparison,…