Self-Storage Business, Gas N Go Comes With Eye on Tourism Boost in Andover, NY

A new gas station and self-storage business is opening soon in Andover, with an eye on catering to one of Allegany County’s biggest tourist attractions. Andover Gas N Go and Side by Side Self Storage plan to turn on the fuel pumps by the end of the month at the corner of Jericho Hill and Jones Road in Elm Valley. The unique gas station will be a card-only, self-service operation with no accompanying convenience store. Fuel from Andover Gas N Go will be available 24 hours a day throughout the…

U-Haul Buys Former Tops, Chase Bank Buildings and Ward Bakery Building in Warren and Youngstown, OH

Warren Facility: U-Haul Moving & Storage of Warren North has acquired the former Tops Friendly Market grocery store and Chase bank building at the intersection of Elm and North River roads with plans to repurpose the empty retail lot into a self-storage facility. U-Haul plans for the addition of 1,000 indoor climate-controlled self-storage units, according to a news release from the company. The 69,000-square-foot complex also will have a warehouse that can store up to 500 U-Haul portable moving and storage containers. Renovations will begin immediately and are expected to…

New Self-Storage Facility Planned for the Site of the Showtime Cinemas Movie Theater in Newburgh, NY

The Town of Newburgh Planning Board granted a negative declaration for the Newburgh Self Storage project on Thursday, August 1. The planning board also waived the public hearing on the project. The board also granted site plan approval for the project subject to conditions and addressing comments by the board and its consultants. Newburgh Self Storage is a proposed self-storage facility within the interchangeable business (IB) zone of the town, set to be constructed on the site of the Showtime Cinemas movie theater. Colliers Engineering and Design have proposed the…

U-Haul to Open New Store and U-Box Warehouse in Moab, UT

U-Haul® is revealing plans for two properties in beautiful Moab that will better meet the moving, self-storage and recreational needs of Grand County. U-Haul Moving & Storage of Moab will be a new retail, moving and self-storage center at 3798 E. Sunny Acres Lane. The property was acquired in March 2023 and will begin serving customers from a temporary retail showroom on Aug. 19 while offering truck and trailer rentals, moving supplies and more. When the center is completed in March 2025, it will feature 700 climate-controlled self-storage units for…

Absolute Storage Management – Second Quarter (Q2) Results

Absolute Storage Management (Absolute), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended June 30, 2024. 2024 Highlights for Three Months Ended June 30, 2024: Increased same-store revenue by 1.7% vs. the same period in 2023 Recognized as Inside Self Storage (ISS) Best of Business Acquired four (4) management contracts: one (1) operating facility and three (3) facilities at the completion of construction 2024 Highlights for Six Months Ended June 30, 2024: Increased same-store revenue by 1.3% vs. the…

Storage Authority Obtains Financing from Bank Five Nine to Construct a Self-Storage Facility in Glassboro, NJ

Storage Authority® Buck Road has obtained financing from Bank Five Nine and has started construction. The project is 89,750 sq. ft. It is located at 125 Buck Road, Glassboro, NJ 08028. It is anticipated construction will take 1 year. Franchise owner Rick A is looking forward to being part of the local business community. “From day one, Storage Authority® has proven to be invaluable to help us push through numerous obstacles we encountered. Thanks to their good standing and strong relationships with lenders we successfully obtained financing. I am thankful…

Featured Broker: Matt English

Matt takes pride in understanding every aspect of a client’s needs. Prior to joining Storage Exchange, Matt worked for Oracle Corporation selling everything from ERP Systems to database licenses; this experience gave him the ability to navigate complex transactions having closed multi-million dollar deals with companies like Palantir Technologies and MedImpact. Matt graduated from California Polytechnic State University where he received a degree in Agricultural Business. Contact: Matt English, Associate 949-232-7380 matt@storageexchange.com

Recent Transactions: 8.06.2024 – 8.12.2024

Property: Premier Storage of Delaware Location: Delaware, OH Address: 3295 US-42, Delaware, Ohio Year Built: 1999 Year Expanded: 2024 Brokers and Brokerage: Gabriel Coe, Nathan Coe, Brett Hatcher and Michael Glass of the Hatcher Coe Group of Marcus & Millichap Acreage: 10.91  acres Square Feet: 68,053 Unit Count: 489 units (Mix of climate-controlled, non-climate-controlled units and parking options) Room for Expansion: Yes (37,625-square-foot expansion)   Portfolio: Barnes Storage (four-property portfolio) Location: Carrollton, GA Address: 3015 Hwy 61, 3439 and 3549 Carrollton Villa Rica Hwy and 2537 Hwy 166 in Carrollton,…

Featured Brokers: Jeffery A. Gorden, CCIM and Donnie Dodson

Jeff Gorden, CCIM has been a top producing broker since 2003. He has been active in commercial real estate for over a decade with experience in retail, office, industrial, and self-storage properties. Jeff is an advocate for community stewardship serving as the Chairman of the Chandler Board of Adjustment, previously as Chairman of the Chandler Leadership Institute, and as a member of several industry groups such as the National Association of Realtors, CCIM Institute, and currently the President of the Arizona Self Storage Association. Jeff earned degrees from both Temple…

U-Haul Plans 3-Story Self-Storage Facility in Hammond, IN

U-Haul purchased 2.7 acres in May to build a new facility in Hammond. Plans for a three-story building at 6303 Calumet Ave. include 676 indoor self-storage units. The new U-Box Moving & Storage of Hammond facility is slated for completion in summer of 2026. The current facility, U-Haul Moving & Storage of Hammond at 822 165th St., will continue operations remotely. The new units will be climate-controlled and offer high-tech security. “We are excited to develop land that has long sat empty and add to our current services available in…