It is not every day that you hear about the details of paintball and a self-storage facility in the same conversation. However, Mandeep Pabla and Randeep Pabla, who grew up in Yuba City, can make that happen. “My brother and I played paintball competitively at a high level when we were 15 years old, and it taught two brothers to learn how to be a team and what it takes to get better in something from a sport aspect,” Randeep said. “We were able to translate that into our work.”…
Quinlan Development Opens a Self Storage in Budd Lake, NJ
Quinlan Development has completed a 95,200-square-foot self-storage facility in Budd Lake, N.J. The Class A property is operated by Extra Space Storage. The development team included design firm Ware Malcomb and Gerard Construction, which provided general contracting services. The Budd Lake facility was originally designed as a speculative development to yield the highest possible number of rentable units, according to Ware Malcomb Regional Director Jon Anderson. The project was subject to a $14 million construction loan in 2022, provided by Bank OZK. The four-building property offers 761 non-climate and climate-controlled…
A New U-Haul Retail, Moving and Self-Storage Center is Currently Serving Customers in Kaukauna, WI
To celebrate the opening of U-Haul Moving & Storage of Fox Cities North, a grand opening event will be held at 1 p.m. on Aug. 1. The public is invited to stop by and enjoy a free lunch, tours, giveaways and a ribbon-cutting ceremony. The first U-Haul store in Kaukauna will be a state-of-the-art complex featuring more than 1,000 self-storage units with heating and climate-control options and high-tech security features. In addition, customers now have access to trucks and trailers, moving supplies, U-Box® portable storage contains, professional hitch installation, and…
Recent Transactions: 7.16.2024 – 7.22.2024
Property: North Side Mini Storage Location: Evansville, IN Address: 1020 E Mt Pleasant Rd, Evansville, IN 47725 Broker and Brokerage: Taylor Cahn of Storage Exchange Acreage: 1.94 acres NRSF: 29,056 Unit Count: 243 units (182 drive-up non-climate units, a newly built 46-unit climate-controlled building plus 15 outdoor parking spaces) Physical Occupancy: 91% VPD: 24,000 Vehicles Per Day Highlights: Apartment for the on-site manager 3.95 sq ft / capita (within a 3-mile radius) 5.93 sq ft / capita (within a 5-mile radius) Property: Secure Storage Location: Clarklake, MI Address:…
Self Storage Market of the Month: Waterbury, CT – Featuring Drive Time Analysis
StorTrack’s featured market this month is Waterbury, CT. Waterbury is Connecticut’s fifth-largest city and named for its abundant waterways. It has been nicknamed as the Brass City for its large brass industrial interests. How is Waterbury as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics for Waterbury, CT (10 Minutes Drive Time) We’ve utilized our new Drive Time tool to define and analyze this…
Janus International Group Introduces the NS Series Self-Storage Door Solutions
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, is introducing two new roll-up door solutions (the “NS Series”) engineered to provide a heightened level of safety and security for self-storage facilities. The NS Series incorporates an enhanced design that includes anchored guides on the floor, ensuring stability and durability. A robust lower bar, equipped with secure clips that smoothly glide within the guides, combines with firmly anchored…
Compass Self Storage Opens State-Of-The-Art Storage Center in Eagle Lake, FL
Compass Self Storage, a member of the Amsdell family of companies, proudly announces the opening of their brand new, state-of-the-art storage center located at 1685 Hwy 17 N in Eagle Lake, Florida. This Compass location offers over 95,800 net rentable square feet and represents the company’s 33rd location in the state of Florida. Compass is also partnering with the Greater Winter Haven Chamber of Commerce to hold a “grand opening” ribbon-cutting event today, Wednesday, July 10th at 11 am. All are welcome to visit and tour the brand-new storage center…
SAFStor Launches SAFHarbor Opportunity Fund, LLC to Develop Three Self-Storage Facilities Across the United States
SAFStor, one of the nation’s largest developers of Class A self-storage, announced today the launch of its latest Regulation D 506(c) offering, SAFHarbor Opportunity Fund, LLC. The Fund intends to raise $23 million from accredited investors for the development of three self-storage facilities in strategic locations across the United States. The Fund plans to develop its Gen-V self-storage facility at the following three sites: An approximately 3.0-acre site located in Morrisville, Pennsylvania to be developed into an 861-unit self-storage facility. An approximately 1.8-acre vacant land site located in El Paso,…
Self-Storage and Commercial Development Planned in Nocatee, FL
The PARC Group is advancing plans for a mixed-use development in the Nocatee master-planned community, including an 11,875-square-foot commercial building and an 89,000-square-foot self-storage facility. St. Johns County is reviewing project plans for “Project Adventure Retail,” submitted on June 25. The PARC Group made a service availability inquiry with JEA on May 27. Sonoc Company LLC of Jacksonville owns the 2.66-acre site at southeast Adventure Trail and Crosswater Parkway. Jacksonville-based Blackstone Engineering is the civil engineer. Site plans show 64 parking spaces. The commercial building will be 30 feet tall…
Recent Transactions: 7.09.2024 – 7.15.2024
Property: A Plus Storage Location: Kingston, MA Buyer: Merit Hill Capital Broker and Brokerage: Brendan Carney of The de Jong | Becher Team of Colliers (represented the sellers) NRSF: 36,350 Unit Count: 303 units Contact: Tom de Jong (tom.dejong@colliers.com) and Jacob Becher (jacob.becher@colliers.com) – For more information on this transaction, pricing or to inquire about future self-storage acquisition and disposition opportunities Property: Cal Self Storage Location: Hayward, CA Address: 26869 Mission Blvd, Hayward, California Seller: The Reeves Family Trust Buyer: Merit Hill Capital Brokerage: The de Jong | Becher…