Featured Broker: Ashley Compton

Ashley Compton is a Principal and Vice Chairman at Colliers and also a leader of the Colliers Self Storage group which specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach…

Smart-Access Technology: A Self-Storage Revolution

There’s a revolution taking place all over the world – a smart revolution. We are increasingly using smart devices for everything from food shopping to job interviews to following our favorite sports teams. And nowhere is this revolution more obvious than in the world of self-storage. Smart access is changing the way owner-operators do business, it’s overhauling the tenant experience, and it’s revolutionizing the entire self-storage industry, creating many more opportunities for increased revenue. Smart solutions utilize cutting-edge technology to create a self-storage experience that benefits both owner-operators as well…

Recent Transactions: 10.31.2023 – 11.6.2023

Property: Highway 36 & Moffat Road Storage Location: Temple, TX Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 81,840 Unit Count: 257 units   Property: ABC Mini Storage Location: Aberdeen, WA Closing Deal: $2.2 Million Year Built: 1997 Broker and Brokerage: Christopher R. Secreto of Marcus & Millichap Square Feet: 20,714 Unit Count: 172     Property: American Self Storage Location: Albuquerque, NM Brokers and Brokerage: Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal NRSF: 61,537 Unit Count: 535 units…

Featured Broker: Sharon R. Wright, CCIM

Sharon Wright, CCIM, has worked in real estate since 1992 and specializes in self-storage and commercial sales for Argus Self Storage Advisors / Omega Properties, Inc.. Sharon is a recognized leader in the real estate industry, having served as president for the Baldwin Realtors and was awarded Realtor of the Year for the association. Sharon has also served as a State Director for the Alabama Association of Realtors. A graduate of the University of Alabama with a degree in accounting, Sharon is a member of the National Association of Realtors,…

My Attic Self Storage Unveils a New Location in Toccoa, GA

My Attic Self Storage is delighted to announce the opening of its latest facility at 1525 Falls Rd, Toccoa, GA 30577. This new addition represents a significant step forward in delivering top-quality storage solutions to the residents and businesses of Toccoa and the surrounding areas. The newly established “My Attic Self Storage” location in Toccoa offers an extensive range of storage unit sizes, catering to diverse storage needs. Customers can find suitable options for storing personal items, household possessions, or business inventory, all in a convenient and accessible location. Situated…

SecureSpace Announces Opening of New Self-Storage Facility in the San Francisco Bay Area, CA

  SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility located at 1014 Chesley Ave, serving the city of Richmond in the San Francisco Bay Area. Strategically located north of downtown between both Interstate 80 and the Richmond Parkway, SecureSpace Richmond is a newly built class A facility that offers 120,079 square feet of 100% climate-controlled self-storage space with drive-up and interior units ranging from 5’x5’ to 10’x40’, along with 280 RV parking spaces. The site is surrounded by dense residential neighborhoods to the North, West,…

Vacant Facility Converted into Michigan Self-Storage Property in Warren, MI

Inland Private Capital Corporation and Devon Self Storage Holdings recently celebrated the completion of an 807-unit self-storage property located in Warren, Michigan. The newly converted 87,000-square-foot facility previously functioned as a 94,000-square-foot vacant manufacturing center. Nearly 75 percent of the units provide climate-controlled conditions, with an interior drive-through lane and management office. The remaining land and parking area outside the facility will be converted to exterior non-climate controlled space expected to open in 2023. This marks the eighth self-storage development completed on behalf of IPC at a location only 13…

Two New CubeSmart Locations Open in Flint and Burton, MI

Two new CubeSmart locations are now located in two previously shuttered Flint-area businesses. CubeSmart, a Pennsylvania-based self-storage company focused on the ownership, operation, acquisition, and development of self-storage facilities, opened last month on Flint’s east side at the old Target store at 3701 Lapeer Road. The Target store has been closed since 2016. Another CubeSmart location is set to open on Thursday, Nov. 2 in Burton, located at 1145 N. Belsay Road. The building is 106,000 square feet of space previously filled by Kmart and is currently shared with Dollar…

Safeguard Self Storage Opens Eight-Story, State-Of-The-Art Self Storage Development in Yonkers, NY

Safeguard Self Storage is excited to announce the opening of its newest facility in the lively Ludlow section of Yonkers. Safeguard welcomed the public on October 25, 2023, showcasing its dedication to excellence and commitment to serving the Yonkers community and its neighbors. Ken Finlay, chief operating officer at Safeguard Self Storage, expressed his enthusiasm, “This is a beautiful facility that is truly extraordinary. It stands as a testament to our commitment to providing top-notch storage solutions to the communities we serve.” Stan Bonilla, senior vice president of development at…

It’s Time to Find a Chair! – By Ben Vestal, President & CEO of Argus

For the last several months the industry has been abuzz about the uncertainty in the real estate markets. In this high-stakes game of musical chairs, NOW is the time to find a chair before the music stops, bringing to an end high real estate prices and available financing. This is the time for serious analysis of your personal objectives and options because the real estate and credit markets are likely to severely limit your options and outcomes. By most measures, the self-storage rental business is reasonably steady, but not as…