Arizona Self Storage Opens Facility in Peoria, AZ

Arizona Self Storage, a four-story, 875-unit facility, has opened at the southwest corner of Loop 101 and Olive Avenue in Peoria. The Mangat Group and Aberdeen Management & Development announced today the opening of Arizona Self Storage in Peoria. The four-story, 875-unit facility is located on the southwest corner of Loop 101 and Olive Avenue. This is Arizona Self Storage’s ninth property in the state and third in the West Valley. Tony Mangat, founder of The Mangat Group, is the landowner and part owner of the new facility, making this…

Gantry Secures $8 Million for South Loop Self Storage in Chicago, IL

Gantry has secured an $8 million permanent loan to refinance existing debt on a South Loop self-storage facility converted from a former parking structure. Located at 605 S. Wabash Avenue, the 95,000-square-foot facility encompasses 1,184 units across five stories. The property is now under new on-site management, operating as an Extra Space Storage, and making rapid progress towards stabilization in a programmatic fashion. Gantry’s Andy Bratt, principal, and Sean Kuang, associate, secured the loan on behalf of the borrower, a private real estate investor. The five-year, fixed-rate permanent loan was…

Businessman Merges Self Storage, Laundry for New Facility in Ellisville, MS

A 900-square-foot office building was already in the works, so the 2,100-square-foot laundromat was added next to the office at the storage location.” The entrepreneurial spirit has always tugged at his sleeve. And after working for others since the age of 18, Scott Matheny felt the pull do bigger and better things. So, in 2008, he opened his first self-storage facility on 16th Avenue in Laurel, a business that he sold in 2022. Now Matheny is excited to bring his experience and energy to his new home town of Ellisville,…

Basis Industrial Opens Self-Storage Facility in Plymouth, MA

Basis Industrial, a real estate owner and operator based in Boca Raton, Florida, has officially opened a new construction self-storage facility in Plymouth, Massachusetts. The 111,000-square-foot, three-story facility features 806 climate-controlled units, advanced security systems, and other amenities. Basis Industrial acquired the land for the facility in November 2021 and completed the project in about 16 months. The facility will be managed by a third-party operator, Public Storage. Basis Industrial currently has 15 storage projects at various stages of completion across the United States. Source

U-Haul Proposes Massive Self-Storage Facility in West Phoenix, AZ

U-Haul is planning to develop a 134,000-square-foot self-storage, truck rental and retail facility in west Phoenix. Phoenix-based U-Haul Holding Co. (NYSE: UHAL) is planning to build a large self-storage facility with truck and trailer rentals and a store as part of its expansion efforts. The project will be developed across 10 acres at the northwest corner of Lower Buckeye Road and 59th Avenue, just east of the Loop 202 in west Phoenix, an area that has seen substantial housing growth in recent years. The U-Haul Moving and Storage Store facility…

Recent Transactions: 10.24.2023 – 10.30.2023

Portfolio: Liberal Storage Units Portfolio Location: Liberal, KS Year Built: 1983 – 2003 Brokers and Brokerage: Frank DeSalvo and David Perlleshi of Franklin Street NRSF: 54,260 Unit Count: 350 Highlights: Two self-storage facilities offered at significantly below replacement cost Facilities are configured for remote operations Both facilities are located less than one mile apart The east 2nd street location offers ample expansion room for future construction and/or the addition of parking rentals Additional revenue streams in-place include tenant insurance, late/admin fees, and mobile home rentals     Property: Extra Space…

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With an in-depth understanding of financial analytics and business management, Maddox brings an unparalleled level of analytical insights and data utilization to aid clients in producing the best probable outcomes. Prior to joining Storage Exchange, Maddox worked in Operations at FCM, where he specialized in sales, implementation, and logistics. Maddox runs our Northeast Investment Sales division and is from Northampton, MA. Contact: Maddox Eriksen Email: maddox@storageexchange.com Phone: (413) 270-4160

New Storage, Commercial Units Approved for 480 Donegan Lot in Glenwood Springs, CO

The new development plan for the chunk of land formerly known as 480 Donegan was approved mostly for storage facilities and some commercial units. On Monday, the vote passed unanimously on the first reading with only a few minor amendments from Garfield County commissioners. After the multifamily housing development named 480 Donegan was shot down by Glenwood Springs voters in May 2022, the property owners switched to proposing storage and commercial development instead. “That annexation (with the City of Glenwood Spring) didn’t proceed and we are here today to ask…

Two more Self-Storage Sites Approved After Businesses Make Traffic and Aesthetic Changes in Danbury, CT

Two new self-storage facilities were approved on the city’s east end after both businesses made changes to their blueprints to create safer circulation designs and better-looking sites. In one case, Danbury planners told the business to get rid of the garage-style roll-up doors on the building’s front façade, calling the design “not desirable.” In another case, Danbury told the business to pay for upgraded traffic detection video technology at the nearest traffic light to reduce congestion. Both proposals were approved Wednesday night by the city’s Planning Commission. The approvals for…

Great American Capital to Replace Gym With Self-Storage in Chatsworth, CA

Development firm Great American Capital in Las Vegas plans to convert an old LA Fitness location in Chatsworth into a three-building self-storage facility, The Real Deal has learned. The property, at 9129 and 9143 North De Soto Avenue, would become a complex totaling 108,800 square feet, according to documents filed with the Los Angeles City Planning Department. The company that owns the property, Kids from the Valley X LLC, is controlled by Steve Needleman, according to a deed from earlier this month. Needleman is a developer and the head of…