Recent Transactions: 11.26.2024 – 12.02.2024

Property: Hinckley Storage Location: Hinckley, MN Brokers and Brokerage: Nathan Gottlieb, Matt Haugen, Alex Ihrke, and Tom Flannigan of Argus Self Highlights: The facility consists of all steel, drive up units Fully occupied facility Plans to implement software and revenue management   Property: Boon Self Storage Location: North Chili, NY Year Built: 2021 Buyer: Mitra Investment Partners(for its Mitra Diversified Fund I portfolio) Highlights: Fully occupied self-storage property Reflects strong local demand for quality storage options Plans to lease the on-site industrial-flex space will unlock additional value and diversify revenue…

Q3 2024 Self-Storage REIT Report Insights: Key Challenges and Opportunities Ahead

Join StorTrack’s Christine Wachsman and James Breunig, along with Andrew Jones of JustStorage, as they discuss key takeaways from the REITs’ Q3 reports. The conversation covers industry resilience amid revenue dips, demand shifts, and challenges from severe weather events like Hurricane Milton. They also examine rising competition, strategic third-party management, West Coast development costs, and strategies for adapting to a dynamic market. About StorTrack StorTrack is the leading provider of self-storage market data and analytics, providing operators, investors, and developers with actionable insights. Our tools help clients understand pricing trends,…

Large RV & Boat Storage Being Built in Manteca, CA

A storage complex that will accommodate 532 recreational vehicles is now under construction on the north side of Woodward Avenue between Atherton Drive and Moffat Boulevard in south Manteca. The 13.68-acre project, when completed, will be the largest RV and boat storage in the South County. It will be a full-service storage facility with a 2,400-square-foot office building, vehicle cleaning station, vehicle dumping station as well as propane and air filling stations. Access to the storage facility — located across from City of Manteca fire station No. 5 and adjacent…

U-Haul Reveals Plans for New Self-Storage Store in Oakland, MD

U-Haul announced plans for a new retail, moving and self-storage center located off Garrett Highway and Glendale Road in Oakland. U-Haul Moving & Storage of Deep Creek Lake is scheduled to open by January 2026. The 2.5-acre property was acquired on Oct. 22. Plans call for a four-story facility that will house 980 self-storage units with high-tech security features at affordable price points. There will be a mix of climate-control and non-climate-control options. In addition to self-storage, U-Haul of Deep Creek Lake will offer truck and trailer sharing, professional hitch…

Madison Capital Group Opens BlueGate – PCB, A Premium Boat & RV Storage Facility in Panama City Beach, FL

Madison Capital Group has completed its new BlueGate Parking – PCB, a premier RV and boat storage facility, located at 156 Griffin Boulevard, Panama City Beach, Fla. The facility offers a total of 131,220 square feet of canopied parking, featuring 242 secure and convenient storage spaces. This state-of-the-art facility reflects Madison Capital Group subsidiary BlueGate Boat and RV Storage’s continued investment in Florida’s rapidly expanding coastal region, following the recent acquisition of Watson Landings Marina. “This facility was designed with security, convenience and accessibility in mind, providing the peace of…

Self Storage Facilities Add U-Haul Rentals for DIY Movers in Loganville and Monroe, GA

U-Haul Co. of Georgia recently announced that two self-storage facilities had signed on as U-Haul neighborhood dealers to serve their communities in Walton County. Self Storage Loganville at 2390 Claude Brewer Road will offer essential services like U-Haul trucks, trailers, towing equipment, moving supplies, and in-store pickup for boxes. The normal business hours are 9 a.m.-5 p.m. Monday to Saturday and 12-4 p.m. on Sunday. You can reserve U-Haul products at this dealer location by calling (770) 466-5970 or visiting https://www.uhaul.com/Locations/Truck-Rentals-near-Loganville-GA-30052/031795/. Self Storage Loganville owner Nathan Purvis said he is…

Moses Tucker Opens Cubby’s Self Storage in Conway, AR

Moses Tucker Partners announced the grand opening of its innovative new storage facility in Conway, Cubby’s Self Storage. A ribbon-cutting ceremony was held on Tuesday in partnership with the Conway Area Chamber of Commerce. The facility, located at 950 Dave Ward Drive, is designed to offer the highest level of convenience and security for the Conway community. “Cubby’s Self Storage is more than just a storage facility; it’s a key part of Conway’s continued growth and success,” said Chris Moses, principal, president & CEO at Moses Tucker Partners. “Our goal…

10 Federal Storage Reports Record Third-Quarter Results and Expands Third-Party Management Platform

10 Federal Storage, a leader in autonomous self-storage operations, is pleased to announce record-breaking third-quarter performance, with standout growth across its offerings. Building on this success, the company is expanding its third-party management platform to a limited number of properties and select self-storage owners starting in Q1 2025. Over the past three months, 10 Federal has added 23 properties to its portfolio, demonstrating the growing demand for its proven, tech-enabled management model. Exceptional Q3 2024 Results in a Challenging Market In a self-storage market marked by declining street rates and…

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

SecureSpace Self Storage announced the grand opening of a new self-storage facility, SecureSpace Signal Hill, serving the city of Long Beach, California. The newly-built Class A facility is strategically located at 3177 California Avenue and offers 139,772 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x30′, as well as 20 covered RV parking spaces. The facility sits adjacent to a Target in a densely populated area of 285,000 people within a three-mile radius, and has excellent visibility from and access to the 405 freeway, a…