Category: Sponsored

Lease-up deals have always been challenging to value compared to stabilized storage properties, but that challenge has become even greater in today’s market. With numerous macro and micro-economic variables, forecasting how a property should be expected to perform five years from now is a tough call. Below, we highlight the three most pressing questions when valuing a lease-up property. What Are Street Rates? Street rates have declined following their peak in 2020 and 2021, which presents a challenge when underwriting a lease-up property. Lease-up deals are typically underwritten with the…

Today’s real estate markets, including self-storage, are slower than in years past. Much of what you hear today is all about interest rates and what the Fed is going to do next. Sellers are hoping to get yesterday’s prices and most of the buyers today tend to be very experienced self-storage owners/operators who are being much more disciplined with their underwriting. Thus, the market for buying and selling self-storage is slower and more difficult these days. How long will it last? History tells us that real estate cycles are almost…

Storage doors are a key component of any self-storage facility, and their maintenance is crucial for smooth operations, safety, and customer satisfaction. Since they’re among the first things customers notice, well-maintained doors create a positive impression, while neglected ones can deter potential clients. Caring for your storage doors ensures longevity and safety, protecting both your investment and tenants. Why Maintenance Matters Beyond aesthetics, functional doors enhance customer experience by making units easy to access. Proper maintenance can also prevent accidents caused by heavy or faulty doors. Additionally, clean, well-functioning doors…

For individuals and investors looking to maximize the use of their vacant land or buildings. Storage Authority Franchise, a leading operator of self-storage facilities, that helps busy professionals find land, get approvals, get developed and run a first-class facility has introduced a complimentary land-review program. This initiative aims to help determine whether a piece of land or an existing structure is suitable for a self-storage project, providing valuable insights that could save thousands of dollars in feasibility studies. The Challenge of Feasibility Studies Traditional industry feasibility reports can be costly,…

JLL Capital Markets led the financing efforts for Raymer Self Storage, a fully entitled self-storage development in California’s San Fernando Valley JLL Capital Markets announced today that it arranged an $18.2 million construction loan for the development of Raymer Self Storage, a fully entitled, 65,220-rentable-square-foot self-storage facility in Van Nuys, California. JLL worked on behalf of the borrower, LaTerra Development, to secure the two-year construction loan through Calmwater Capital, LLC. Due for completion in 2025, Raymer Self Storage will replace an existing warehouse and industrial building on a 1.19-acre site…

In the self-storage industry, maintaining an attractive and secure facility is crucial to attracting and retaining customers. Today’s consumers seek not only a safe place to store their valuables but also a well-maintained environment that gives them peace of mind. Renovations, such as installing new unit doors, enhance both the appeal and safety of the facility. And when you take advantage of a tax strategy called cost segregation it can significantly offset these expenses. Understanding Cost Segregation Cost segregation is a tax strategy that allows building owners to accelerate depreciation…