Location: Northwest corner of Cibola Vista Drive and Lake Pleasant Parkway in north Peoria. Description: The Cibola Vista Self Storage project will be a three-story building, comprising two floors above ground and one basement level. It will have 693 storage units and a 470-square-foot office space. The facility will have office hours from 9:30 a.m. to 6 p.m., Monday through Friday, and 9:30 a.m. to 5 p.m. on weekends. Those renting a unit will have daily move-in and access hours from 6 a.m. to 9 p.m. There will be 17…
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Safeguard Self Storage Expands into Connecticut with a State-Of-The-Art Facility in Stamford, CT
100% Climate-Controlled Facility Features 97,000 Rentable Square Feet with 1,215 Units Safeguard Self Storage, a leader in providing convenient and secure self-storage solutions is pleased to announce the opening of its newest facility in Stamford, Connecticut. Located in the heart of Stamford, the facility offers both residential and commercial customers an array of storage options with cutting-edge security features and customer-focused amenities. Conveniently situated at 535 Hope Street, Stamford, CT 06906, the new Safeguard Self Storage facility is designed to meet the growing demand for secure, reliable storage in the…
Carolina Storage announces its New Storage Facility in Fayetteville, NC
Carolina Storage, a self-storage brand serving Fayetteville, is preparing to open its third location in the area. In addition to the Raeford and Spring Lake locations, Carolina Storage is excited to announce that a new location will be opening on Ramsey Street, bringing the same great service and unbeatable value to even more customers in the area. The new space is 120,000 square feet and is located at 6765 Ramsey St. Fayetteville, NC. The projected opening for the new location is the third quarter of 2025. “We understand that moving…
Self Storage Plus Expands With 16 New Locations in Maryland and West Virginia
Self Storage Plus is pleased to announce the addition of 16 Valley Storage locations to its management platform, further expanding its presence in Maryland and West Virginia. With nine new locations in Maryland and seven in West Virginia, this expansion reinforces Self Storage Plus’ position as a leading provider of storage solutions in the Mid-Atlantic region. “We are thrilled to welcome these Valley Storage locations onto the Self Storage Plus platform,” said Noah Mehrkam, CEO of Self Storage Plus. “Their dedication to providing exceptional storage aligns perfectly with our core…
A New CubeSmart Self Storage Opens on Philips Highway in Jacksonville, FL
The grand opening of CubeSmart Self Storage of Jacksonville at 3909 Philips Highway is March 18. The development is a joint venture between MacArthur Holdings, DYO Investments and Live Oak Capital Partners, the companies said in a March 17 news release. The city issued a permit in June 2024 for ARCO/Murray National Construction Co. to build the CubeSmart at a project cost of $6.11 million. The three-story, 110,000-square-foot facility includes more than 700 climate-controlled and drive-up units, the release said. The 1.81-acre site is south of Emerson Street across the…
Recent Self-Storage Transactions: 03.11.2025 – 03.17.2025
The latest self-storage transactions showcase diverse investment strategies, with buyers targeting high-growth metros and secondary markets with strong fundamentals. Some acquisitions offer value-add potential, such as a multi-property portfolio in Arkansas slated for significant upgrades. Others are driven by strategic positioning, like a facility in Georgia benefiting from proximity to key economic hubs and a military base with approved plans for expansion. Meanwhile, an institutional investor’s acquisition of a large, professionally managed facility in Hawaii reflects continued confidence in well-established markets. These deals underscore the sector’s resilience, with investors balancing…
Construction of Storage Facility Begins Along Loxahatchee Road – Palm Beach County, FL
A self-storage facility has begun construction along Loxahatchee Road in Parkland. The project was approved in the spring of 2024, when the Parkland City Commission voted unanimously to amend the Future Land Use Map to Commercial, which allowed the 4.35 acres to be rezoned to Self-Storage. The building is expected to be a 3-story, approximately 150,000-square-foot facility. The project is owned by Parkland Storage, LLC, and the land where the storage facility will be located is at 7820 Loxahatchee Road. Source
Inland Real Estate Investment Corporation and Devon Self Storage Complete New Self-Storage Property in Springfield, MA
Inland Real Estate Investment Corporation and Devon Self Storage have completed the construction of a 59,837-square-foot Class-A self-storage facility located in Springfield, Massachusetts. Located at 2155 East Columbus Avenue near a major downtown thoroughfare and the I-91 overpass along the Connecticut River, the property previously served as a historic factory building. The redeveloped facility is comprised of three interconnected buildings encompassing 601 climate-controlled self-storage units, drive-thru unit capability and a 24-hour security system. “Considered a top underserved market for self-storage in 2024, we are pleased to help close the market’s…
Self-Storage Market Update – Spring 2025
Recently I had the pleasure of moderating a panel of some of the top players within the self-storage space nationally, from REITs to small operators, developers, a general contractor and several lenders. To start 2025 the operators commented that tenants have become stickier – allowing the implementation of multiple rounds of ECRI’s (Existing Customer Rate Increases), helping increase overall portfolio incomes. While the early leasing season is showing promise it still lags well behind the peak years of 2021-2022 and is slightly below the pre-COVID years but markedly improved over…
A New Self-Storage Facility Opening Soon in Avondale, AZ
Location: Southwest corner of Indian School and Osborn roads, directly south of a neighborhood that includes residents from both Avondale and Litchfield Park. Description: Extra Space Storage is building a new 564-unit storage facility atop a 2.3-acre site that has been undeveloped for nearly 30 years. About 110,000 square feet of the facility will be used for storage space, while another 900 feet will go toward office space. History: The Avondale City Council approved a conditional use permit for the project in 2021 after city staff and the Planning and…