Etude Storage Partners Aims to Deploy at Least $500 Million for Self Storage Investment Across the North American Market

Etude Capital, one of the largest owners of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity controlled by Richard D. Kinder, today announced the launch of Etude Storage Partners, a joint venture that will invest across the North American self-storage market. The joint venture has a $250 million equity commitment from San Felipe Financing LLC and aims to deploy at least $500 million. Etude Storage Partners is positioned to acquire and provide debt financing to self-storage facilities. The joint venture capitalizes on…

Recent Transactions: 1.09.2024 – 1.15.2024

Property: Self-Storage Development Site Location: San Antonio, TX Buyer: DD&B Construction Broker and Brokerage: Jon Danklefs of the Danklefs Group of Marcus & Millichap Acreage: 3.2 acres     Property: Dempewolf Mini Storage Location: Ponca City, OK Broker and Brokerage: Jared Jones of Argus NRSF: 36,355 Highlights: Significant upside available through increased focus on revenue management strategies Future expansion     Property: Storage Near Me Location: Kathleen,GA Buyer: Amerco U-Haul Broker and Brokerage: Jared Jones of Argus NRSF: 102,625 Highlights: Significant upside available through increased focus on revenue management strategies…

Self Storage Market of the Month: Missouri City, TX

StorTrack’s featured market this month is Missouri City, TX. Missouri City is located within the Houston metro area. This city has experienced residential and commercial growth in recent years resulting in an increased activity in the development of retail centers and housing projects. How is Missouri City 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 Missouri City, TX   Current…

Go Store It Expands it’s Footprint in Pensacola, FL

Go Store It, an affiliate of Madison Capital Group, has opened an adaptive reuse self-storage facility in Pensacola, Florida. The 70,147-rentable-square-foot property formerly was an office building originally completed in 1972. BenCo Construction was part of the development team. According to the same data provider, the project was subject to a $7 million construction loan in 2022, funded by Ameris Bank. The two-building, two-story property has 530 climate-controlled units ranging between 38 and 250 square feet. Amenities include video surveillance, keypad access, moving and packing supplies, security lighting and fencing,…

Self-Storage Facility Proposed at Highway 77, Inglewood Drive in Baxter, MN

A storage project by a well-known name in the area restaurant industry could be the spark to ignite additional development on Baxter’s north end. Bob Sullivan, known for his long history in owning restaurant franchises in the area from Wendy’s to projects with Bob and Larissa Sulivan, such as Firehouse Subs and Blaze Pizza , was before the Baxter City Council Tuesday, Jan. 2, with a proposal for a storage unit project near the intersection of County Highway 77 — also known as Pine Beach Road — and Inglewood Drive.…

Recent Transactions: 1.03.2024 – 1.08.2024

Property: Ultimate Storage Plex Location: Greeneville, TN Address:1640 E Andrew Johnson Hwy, Greeneville, TN 37745 Year Built/Renovated: 1970 / 2022 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street NRSF: 58,440 Unit Count: 248 units Seller Testimonial: “The team at Franklin Street demonstrated remarkable tenacity working this transaction. Their utilization of market expertise proved instrumental in attracting the most suitable buyer to the negotiating table. Frank and David diligently navigated each stage of the transaction, overcoming obstacles with unwavering persistence. We are satisfied with the outcome and enthusiastically…

Featured Broker: Bruce Bahrmasel

Bruce Bahrmasel has specialized in the brokerage of self-storage properties for over 28 years. He has extensive experience valuing and selling this unique property type. Bruce represents Argus in Northern Illinois and Wisconsin. Contact: Bruce Bahrmasel 548 Michigan Ave #1 Evanston, IL 60202 P: 312-518-3550 Email Me Argus Territory: Northern Illinois & Wisconsin

Recent Transactions: 12.27.2023 – 1.02.2023

Property: Self-Storage Facility (leased to Storage King) Location: Miami, FL Closing Deal: $20 Million Year Constructed: 2019 Seller: Snapbox Self Storage Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley of Argus Acreage: 2 acres Square Feet: 100,588   Property: Valley Mini Storage Location: Phoenix, AZ Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley of Argus Acreage: 1.14 acres NRSF: 61,300 Unit Count: 770   Property: Ourspace Storage Location: Wellton, AZ Broker and Brokerage: Jeff Gorden of The Gorden Companies/Keller Williams East Valley…

StorageMart Opens New Self-Storage Facility in Indianapolis, IN

StorageMart has opened a new self-storage facility on East Washington Street in Indianapolis. The property offers 785 units with 82,159 rentable square feet of climate-controlled space in assorted sizes. Security features include 24/7 video surveillance, PIN entry access and motion sensor lighting. About StorageMart Founded in 1999 in Missouri, StorageMart operates more than 250 locations across the United States, Canada and the United Kingdom. Source

ClearHome Self Storage Open in Longmont, CO

ClearHome Self Storage opened this month in east Longmont at 10958 Weld County Road 5. The six-acre facility “consists of over 700 units and over 81,000 rentable square feet,” the company said in a news release. The Class A self-storage facility includes a mix of climate-controlled and drive-up units, as well as 46 uncovered boat and RV parking spaces.” Construction of the facility began in fall 2022. “Many of the nearby self-storage facilities are at full capacity, difficult to access, or lack amenities like climate-controlled units and state-of-the-art security systems.…