Yes, you can, on the perfect site if there are no tough zoning or design requirements! How do I know? I just did this sketch on a piece of scrap paper. To get to 73,750 gross square feet (59,000 Net Rentable Square Feet) of single-story self-storage, I made several assumptions as follows: This means the site is flat so you do not need to area for grading to level the site. The parcel needs to be as square as possible so no wasted land. In this case 410’ by 425’…
Self Storage Market of the Month: DeSoto, TX
StorTrack’s featured market this month is DeSoto, TX. DeSoto is a suburb of the Dallas-Fort Worth metro area. In 2006, the National Civic League presented DeSoto with the All-America City Award. DeSoto has a thriving economic sector in the medical and aviation fields and over 400 acres of land ready for development. How is DeSoto 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…
Featured Broker: Denise Theus
Denise Theus is a dedicated real estate professional with a passion for delivering exceptional customer service. With several years of experience in the industry, Denise is a valued member of the Calvary Realty Commercial real estate agency, serving the greater Los Angeles and surrounding areas. Denise possesses a unique ability to navigate both the commercial and residential real estate markets, customizing her approach to cater to the specific needs of homebuyers and business owners alike. Her extensive background in sales, business management, and marketing sets her apart, and she is…
Safeguard Self Storage Adds 26,400 Square Feet to it’s Seffner, Florida Location to Accommodate Outdoor Parking Demand
Safeguard Self Storage is pleased to announce the successful completion of a significant parking expansion project at its Seffner location. The expansion, part of Safeguard’s commitment to meeting the evolving storage needs of the community, added 53 new parking spaces, enhancing the facility’s capacity, and offering convenient options for residents in Seffner and the surrounding areas. Situated at 1615 South Kingsway Road in Seffner, Florida, the Seffner Safeguard Phase II now features an impressive total of 26,400 net rentable square feet dedicated to parking, offering various sizes, including 12.5 x…
Boston St. Self Storage Has Plenty in Store For Lynn, MA
Todd Flannery has new services to offer with the opening of his latest business at 111 Locust Street Flannery’s Handymen, his moving company, has been serving the community for more than 20 years, and Flannery has now added his brand-new storage facility, Boston Street Self Storage, to his portfolio. The property where the facility is located had already been owned by Flannery, as it was used to house his moving company’s vehicles. The previous building was brought down and the 12-year process of constructing a new, state-of-the-art facility began. With…
Hunt Midwest to Expand it’s Self Storage Footprint in Olathe, KS
Hunt Midwest is building its sixth and largest StorTropolis, a 112,987-rentable-square-foot self-storage facility in Olathe, Kansas The developer partnered with Strickland Construction and Storage Asset Management to build and operate the property. The project is slated for delivery in September 2024. Upon completion, the three-story, three-building facility is set to include 867 climate-controlled units, ranging from 25 to 546 square feet for boats, RV and other large equipment. Amenities will include 24-hour video surveillance, gated entry, an enclosed loading bay with direct unit access, oversized elevators, an online leasing process…
KO Storage Opens in Former EconoFoods Site in Red Wing, MN
A high-profile vacant building in Red Wing is vacant no longer. In September, KO Storage opened in the space, formerly occupied by Econo Foods, located at 160 Tyler Road South. The building sat vacant for four years before being repurposed as a storage facility. Construction started in November 2022 after KO Storage acquired the property. “We are excited and privileged to be serving people in Red Wing,” said senior project manager Colin O’Brien. “We could not have done it without local contractors, or the approval of the city to let…
SecureSpace Announces Opening of New Self-Storage Facility in Manhattan, NY
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Manhattan, located in and serving the borough of Manhattan in New York, NY. The newly-built Class A facility is strategically located at 424 East 90th Street and offers 88,630 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5’ to 10’x30’. With an adjusted one-mile radius self-storage supply of 0.6 square feet per capita, the store offers nearly the sole storage option available to the one-mile population of 225,000 in the most densely populated…
Self-Storage Facility Opens at Long-Vacant Site in Roslyn Heights, NY
A new 650-unit self-storage facility has opened in Roslyn Heights. Operated by Extra Space Storage, the four-story, 98,000-square-foot building was constructed on a 1.32-acre site at 71 Jane St. Publicly traded Extra Space Storage is the second largest operator of self-storage facilities in the U.S. The new self-storage project, reported to cost more than $12 million, was developed by Syosset-based Blumenfeld Development Group and The Hampshire Companies, headquartered in Morristown, N.J. The property had been home to a 30,000-square-foot building, first built in 1983, that had been occupied by several…
Recent Transactions: 11.7.2023 – 11.13.2023
Property: Self-Storage Facility Location: Greenwood District, WA Closing Deal: $30 Million Year Built: 2019 Buyer: InSite Property Group affiliate Seller: Nickerson Properties LLC affiliate Acreage: 1+ acre Square Feet: 150,138 Portfolio: Two Self-Storage Portfolio (StorQuest Self Storage) Locations: AZ, CO, CA, NV and FL Closing Deal: $67 Million Buyer: The William Warren Group Brookers and Brokerage: Kim Bishop, Eric Snyder, Mason Brusseau, Ivan Viramontes and Lauren Maehler of Talonvest Capital Portfolio: Three-Property Self-Storage Portfolio Locations: Vista, CA, Tempe, AZ and Las Vegas, NV Closing Deal: $31.9 Million…