SecureSpace Self Storage is pleased to announce the opening of its newest facility, SecureSpace Downtown Los Angeles, located on Essex Street, just outside the bustling Fashion District in Los Angeles, California. Strategically positioned with frontage along Interstate 10, where over 275,000 vehicles per day travel past the Los Angeles skyscrapers between Santa Monica and Central Los Angeles, the newly built Class A self-storage facility offers residents easy access and convenient storage solutions in one of the densest areas of LA. With a three-mile trade area population of over 480,000, SecureSpace…
Category: Development News
Self Storage of Decatur Introduces Cutting-Edge Climate-Controlled Storage Options in Decatur, TX
Self Storage of Decatur, a leading storage solutions provider, proudly announces the launch of their latest innovation in storage services. This development introduces state-of-the-art climate-controlled storage units to their extensive range of storage solutions, further enhancing the protection and preservation of stored items. In response to the diverse needs of their valued customers, Self Storage of Decatur: storage facility Decatur has invested in advanced technology to provide a controlled environment that mitigates the impact of extreme temperatures and humidity. This breakthrough ensures the safeguarding of sensitive belongings, preventing damage caused…
Miami Self-Storage Investor Scores $10.3M Construction Loan for a Self Storage Facility near Doral, FL
The fact of the matter is, Americans keep buying more stuff. And when stuff starts piling up, they need a place to put it. More than one in five Americans rent a self storage unit. And that number is growing by the day. So has rent. Self-storage rent has increased 6.1% year-over-year to $176 for a standard 10-foot-by-10-foot unit, according to RentCafe. South Florida had the seventh-most self-storage construction activity during the last decade with 9.1 million square feet of new storage. DXD Capital obtained a $10.33 million construction loan…
10 Federal Storage Raises $80 Million in Nine Months via Fourth Self-Storage Offering in Georgetown, TX, with a Strong Performance Across Portfolio
10 Federal, a prominent and innovative leader in the self-storage sector, proudly announces a highly successful capital infusion of $21 million in equity during the third quarter for their Fourth Self Storage offering. This achievement has propelled 10 Federal’s total capital raised for its fourth offering to an impressive $80 million, approaching the company’s ambitious $100 million year-end target. “We are excited to share that we have successfully secured an additional $20 million in equity funding during the third quarter, bringing our total capital raise to $80 million within…
SecureSpace Announces Opening of New Self-Storage Facility in Philadelphia, PA
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Philadelphia Glenwood, located in and serving the Glenwood community in Philadelphia, PA. The newly built Class A facility is strategically located at 2501 North 15th Street and offers 120,260 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5’ to 10’x25’. With a three-mile radius self-storage supply of 3.6 sf/capita, well below the national average, the store also boasts direct visibility from Cumberland and Broad St, where over 55k vehicles pass by daily, as…
New 4-Story Self-Storage Unit and Wine Cellar Proposed for Sardis Road – Asheville, NC
A new four-story self-storage facility has been proposed for Sardis Road, according to plans submitted to the city on Sept. 26. The development will act as a storage unit but will also offer units dedicated to wine fermentation. The facility, developed by Bee Safe Storage, will be the second Bee Safe Storage in Asheville. Bee Safe has another Asheville storage site, which also acts as a wine cellar, at 1292 Hendersonville Road. The development is next to DeBruhl’s Used Car Superstore and the Sardis Road and Sand Hill Road intersection.…
National Storage Opens at Frenchtown Township’s Former Kmart Site in Monroe, MI
The former Kmart and adjacent Kmart Service Center buildings have been transformed into a self-storage center. Land parcels in the parking lot are for sale, and other businesses are expected to be built at the site. On Thursday, a ribbon-cutting and grand opening event took place at National Storage, 1290 N. Monroe St. The business employs two and offers 782 rentable, climate-controlled storage units. “We have over 70,000 square feet of rental,” Jacob Fuller, True Storage operations manager, said. “The former tire store is where the rents office is located,…
Go Store It Opens New Site in Baton Rouge, LA
Go Store It is now open at 1683 O’Neal Lane in Baton Rouge. The facility features 86,680 square feet of space, with more than 550 storage units. Climate-controlled units are available. This is the first Baton Rouge location for North Carolina-based Go Store It. The company has 88 locations across the U.S., including one in Lake Charles. The self-storage business is located in a former Hobby Lobby building, which Go Store It bought in May 2021 for $3.9 million. Source
StorSafe Self Storage Expands Facility in Merrillville, IN
StorSafe Self Storage of Merrillville recently expanded by two new buildings. The additions offer 12,000 square feet more vehicle space, which is climate controlled. The parking recently was repaved and ready for a variety of recreational vehicles. “This expansion is more than just offering the area’s self-storage consumers a unique market service, it’s also about enhancing operational efficiency and setting the stage for substantial investor ROI,” said Tom Bretz, CEO of StorSafe. “Our focus is always on delivering profitability, in part by delivering the very best customer experiences.” StorSafe (Merrillville):…
Cooper Companies Inc. Announces the Completion of Site Improvements for its Self-Storage Facility in Flagstaff, AZ
Arizona self-storage developer and operator, Cooper Companies Inc., has announced the completion of site improvements of the 104,672-sf three-story climate-controlled self-storage facility at 1683 West Route 66 in Flagstaff, AZ. The excavation work on the new construction site took 2 months to complete. The contractors, TLW Construction and 108 Excavating, completed the excavation with a portion of the rock removed to be reused during construction and landscaping. “Finishing the challenging site improvements was an important step towards completion of this project,” said Mark Hanneken of Cooper Companies, Inc. The General…