A new Go Store It self storage facility has opened at an adaptive reuse project in Naples, Florida. Situated at 220 Basik Drive, the new property is located at a converted retail center, formerly a Big Cypress Marketplace. Go Store It and general contractor Liberty Solutions converted the former retail site into a modern storage property to meet the demand for storage in the fast-growing market. Go Store acquires, develops, and manages self-storage properties across the U.S. The company, an affiliate of Madison Capital Group, has 7.1 million square feet…
ClearHome Self Storage – A Premier Self Storage Facility Opens in Longmont, CO
VanWest Partners’ latest development project, located at 10958 CR 5, Longmont, Colorado (the intersection of Highway 119 and CR 5), has officially opened for leasing. The project is operated by the firm’s wholly-owned self-storage management company, ClearHome Self Storage. With construction recently completed, ClearHome Self Storage – Longmont (ClearHome) consists of over 700 units and over 81,000 rentable square feet. 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. The facility sits on over six acres…
Summit Self Storage Opened its New Facility in Driggs, ID
Summit Self Storage just opened 30,000 square feet of traditional drive-up self-storage in Driggs, Idaho with additional land available to add 24,000 square feet. With the opening of this latest facility in Driggs, marks their current available square feet in Teton Valley, Idaho to 100,000 Contact: Jason O’Neill, Owner of Summit Self Storage 535 Peak View Road Victor, ID 83422 Mobile: 208-709-7578 www.summitself-storage.com
New Extra Space Storage Coming Near Ballard Fred Meyer – Seattle, WA
Crews have broken ground on the new self-storage facility that’s coming to 1115 NW 46th Street. The Ostergard family has owned the corner lot for decades; the demolished buildings include Scott’s Trophy and a painting company. Premier Storage Investors from Memphis purchased the lot in January for $6 million. Jackson Main Architecture is designing the 4-story 100,000-square-foot Extra Space Storage building. Extra Space Storage is a national chain of self-storage units spread across 41 states. The project plans include parking for 10 vehicles. According to the Seattle DJC, the project…
Recent Transactions: 12.12.2023 – 12.18.2023
Property: Class-A Institutional Quality Self-Storage Asset Location: Loxahatchee Groves, FL Certificate of Occupancy: October 2023 Buyer: Prime Storage Broker and Brokerage: Brian Fulton of Top Hat Commercial Real Estate (THCRE) and Lockhart Management Group (LMG) Gross Square Footage: 97,352 NRSF: 74,957 Unit Count: 737 climate-controlled units Land / Plot: Self-Storage Development Land ( properly zoned land) Location: Victor, ID Buyer: Summit Self Storage Acreage: 6.14 acres Square Feet: 80,000 Property: Riverton Self Storage Location: Riverton, UT Buyer: Public Storage Brokers and Brokerage: Jordan Farrer and Adam Schlosser of…
Self Storage Market of the Month: Sunrise, FL
StorTrack’s featured market this month is Sunrise, FL. Sunrise is a vibrant city in Broward County. Several major corporations have chosen the city of Sunrise as the location for their corporate headquarters. This includes companies in the technology, finance, and healthcare industries. How is Sunrise 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 Sunrise, FL Current Supply: There is a…
U-Haul to Open 168,400 Square Feet Self-Storage Facility in Princeton, TX
U-Haul will open a six-building, 168,400-square-foot self-storage facility on an eight-acre site in Princeton, located northeast of Dallas. The facility will comprise a four-story, 130,000-square-foot storage building, a 30,000-square-foot warehouse and 8,400 square feet of single-story, drive-up storage buildings. Dallas-based MYCON General Contractors will lead construction of the project, which is now underway and slated for a June 2024 completion. Source
VanWest Partners Announces Self Storage Development Project in Denver, CO
VanWest Partners (VanWest), a Denver-based commercial real estate investment firm specializing in self-storage, recently broke ground on a self-storage development project at 2425 S. Colorado Boulevard in Denver, Colorado. When construction is completed, the project will be operated by the firm’s wholly-owned self-storage management company, ClearHome Self Storage. ClearHome Self Storage – Colorado Blvd. will be a 5-story building consisting of over 93,000 square feet of Class A, climate-controlled self-storage units. The location sits in a primary retail and commercial corridor, with more than 4,300 planned or under-construction multi-family units…
Go Store It Kicks Off 109 K Square Feet Project in Suburban Nashville, TN
Developed by Madison Capital Group, the 1,000-unit self-storage facility is on track for completion next fall.” Go Store It, an affiliate and storage provider of Madison Capital Group, has broken ground on a Class A, 109,000-square-foot storage facility in Nashville, TN. The development will mark Go Store It’s ninth property in the state and within its portfolio when completed. The team includes general contractor BenCo Construction and architect Smith Gee Studio, with the project set for delivery next fall. At full build-out, the Go Store It property will encompass more…
Recent Transactions: 12.5.2023 – 12.11.2023
Property: Capstone Self Storage Location: Sumter, SC Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. Acreage: 2.1 NRSF: 11,950 Unit Count: 84 standard drive-up units Highlights: Fenced and gated Can add amenities and potentially more storage units or outdoor parking Opportunity to increase occupancy and rental rates Property: Paradise Self Storage Location: Rockport, TX Year Developed: 1994 Seller: Elkhorn River Investments LLC Buyer: Preis Investments, Inc. Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 23,800 Unit Count: 113 units …