Talonvest Capital Negotiates $36.8 Million Bridge Loan for a Self-Storage Facility in Hawthorne, CA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and its long-standing client, 1784 Holdings, are pleased to announce the closing of a $36,800,000 bridge loan for a self-storage facility in Hawthorne, CA. The property benefits from high exposure in an underserved market and is located in the heart of Hawthorne’s busy industrial base. The non-recourse bridge loan included a 3-year term with two extension options and full-term interest-only payments. The financing was funded by a unique lending program. Chairman and CEO of 1784 Holdings, Shane Albers,…

Newberry Board of Adjustment Approves Storage Facility Expansion in Newberry, FL

  The Newberry Board of Adjustment met following the April 22 Newberry City Commission meeting to consider a site and development plan for Ultimate Boat, RV and Mini Storage Expansion. The property is located on the south side of State Road 26/West Newberry Road, between Southwest 218th Street and Southwest 226th Street. The application was brought to the City by eda consultants, inc.’s Director of Planning Clay Sweger, acting on behalf of Todd Russo, operator of Tibbets Land Holdings, LLC. Newberry Principal Planner Jean-Paul Perez presented the site and development…

SecureSpace Launches New Storage Units in Murray, UT

  The newest addition in a long line of expansions to new locations across states, SecureSpace SelfStorage launches its newest facility in Murray, UT. With a wide range of features, including temperature control, humidity control, and advanced security, this space is now open to clients. Running a wide selection of self-storage centers across a range of facilities located in various states across the US, SecureSpace Self Storage has just expanded with its latest facility, located in Murray, UT. With a reputation for reliable, accessible, and high-quality storage, the new facility…

Grand Opening of New Self-Storage Facility Announced in Sapphire, NC

Midgard Self Storage announced the grand opening of its newest facility in Sapphire. The public is welcome to celebrate on May 23 at 11 a.m. with food and prizes. The facility is located on Rosman Highway just west of Highway 281-South. It offers climate-controlled units and state-of-the-art site check-in, according to a news release. In-person and website check-in is available for those interested. The storage units feature 24-hour secure access seven days a week with U-Haul and packing and moving supplies available for purchase. Source

Plans for Large Self-Storage Project Move Forward in Hadley, MA

A large self-storage project that would use about 5 of the 19 acres behind the Campus Shopping Plaza, 438-454 Russell St., continues to make its way through the town’s permitting process. James Martin, an attorney with Pullman & Comley, LLC of Springfield, told the Planning Board at its May 7 meeting that the key to the proposal is to divide the parcel so that the self-storage units are on a separate site from the shopping center, which includes Stop & Shop, TJ Maxx, Liquors 44 and H&R Block. Christian Brannelly,…

Janus International Group Announces Acquisition of Terminal Maintenance and Construction

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced its acquisition of Terminal Maintenance and Construction (“TMC”), a premier provider of terminal maintenance services for the trucking industry in the Southeast. While initially continuing to focus on commercial customers, TMC’s integration will ultimately help support the growth of Janus’s Facilitate division, which offers complete facility maintenance services. Headquartered in Madison, Georgia, TMC’s offerings include trucking terminal…

Thomas de Jong, SIOR, Executive Vice President of the National Self Storage Team at Colliers, Receives SIOR Top 2023 Transaction Award

Thomas de Jong, SIOR, was recently honored by the Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, for its 2023 Top Transaction Awards in the category of Largest Alternative Space. The awards, given annually to SIOR members who complete the largest transactions with one or more additional SIORs, demonstrate the power of the exclusive SIOR network. The sale of 97,600 square feet of space located in Bakersfield, California closed at $9.1 million. de Jong, SIOR, executive vice president of the National…

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 Los Angeles Avalon, located in and serving the city of Los Angeles, CA. The newly-built Class A facility is strategically located at 6500 Avalon Boulevard and offers 89,127 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x25′. The facility sits on the heavily trafficked Avalon Boulevard, less than one mile from the 110 Freeway, where 27,000 vehicles pass by daily, in a dense residential area with a three-mile population of 500,000. The…

U-Haul Plans to Convert Former Kmart Site into Moving and Self-Storage Facility in Kenton, OH

U-Haul is revealing plans for a former Kmart building at 1005 E. Columbus St. in Kenton that it purchased back on February, 9. The 11-acre property is being repurposed for a contemporary retail, moving and self-storage facility as part of the U-Haul Adaptive Reuse program. U-Haul Moving & Storage of Kenton and its 95,000 square feet are currently being converted to provide customers access to 720 indoor climate-controlled self-storage units with high-tech security features at affordable price points. While the building makeover takes place, DIY moving products like truck and…

Recent Transactions: 5.14.2024 – 5.20.2024

Property: Cherry Ave Self Storage Location: Fresno, CA Address: 1844 S Cherry Avenue, Fresno, California Closing Deal: $8.2 Million Year Built & Expanded: 1918 & 2022 Buyer: PSC Fresno, LLC (an affiliate of Pratt Street Capital, LLC) Broker and Brokerage: Brian Somoza of the Investment Sales and Advisory team of JLL Capital Market Acreage: 5.74 acres Unit Count: 1,085 units Vehicles Per Day: 1,000 Highlights: Consists of a three-story building and 12 one-story buildings Drive-up units Freight elevators Boat and RV parking Newly renovated office (262 square feet)    …