Recent Transactions: 6.20.2023 – 6.26.2023

Portfolio: Two Self Storage Properties Locations: Kansas City and Lee’s Summit, MO Buyer: StorageMart NRSF: 112,266 (Combined) Unit Count: 796 units (Combined) Square Feet: 64,015 (Lee’s Summit Storage) Square Feet: 48,251 (Kansas City Storage) Acreage: 3.8 acres (Kansas City Storage) Highlights: On-site amenities for Kansas City Storage include; Video surveillance Parking for RV and boat Gated and drive-up access The Lee’s Summit storage facility offers; Video surveillance Gated and drive-up access On-site manager   Portfolio: Eight-Facility Self Storage Portfolio Locations: Ontario in Toronto, Mississauga, Burlington, Hamilton and Vaughan (Woodbridge) Closing…

Featured Broker: Jared Jones

Jared Jones, CCIM specializes in self-storage brokerage, and investment property brokerage. Jared earned a Marketing degree and MBA from Pittsburg State University and achieved his Certified Commercial Investment Member (CCIM) designation in 2010. Mr. Jones specializes in self-storage investment brokerage with a primary focus on advising institutional, private equity and individuals in the acquisition and disposition of on and off-market self-storage assets, conversions and land for self-storage development. Jared has extensive experience in self-storage operations, financing, feasibility analysis, development and syndication at the general and limited partnership levels. His clients…

Recent Transactions: 6.13.2023 – 6.19.2023

Property: Osceola Self Storage Location: Osceola, IA Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen, and Tom Flannigan of Argus Self Storage Advisors (Argus) Acreage: 0.93 acres NRSF: 6,864 Highlights: Drive-up storage units Room for expansion   Property: Olson Mini Storage Location: Keewatin, MN Brokers and Brokerage: Alex Ihrke, Matt Haugen and Tom Flannigan of Argus Self Storage Advisors (Argus) Acreage: 1.68 acres NRSF: 9,640 Highlights: Drive-up storage units Room for expansion   Portfolio: Summit Self Storage Locations: Lee’s Summit and Kansas City, MO Buyer: StorageMart NRSF: 9,640 (Combined)…

Inland Private Capital Announces Delivery of Class-A Self Storage Properties in Georgia & Wisconsin

Inland Private Capital Corporation (“IPC”), an industry-leading real estate investment manager, and Devon Self Storage Holdings (US) LLC (“Devon”), a privately held national storage operator and developer, today announced the delivery of a 799-unit self-storage property located in Macon, Georgia, and a 777-unit self-storage property located in Kenosha, Wisconsin. The openings mark the fifth and sixth self-storage redevelopment deliveries on behalf of an affiliate of IPC. Formerly Kmart locations, the single-story buildings were acquired in 2021 and redeveloped into a state-of-the-art, climate-controlled self-storage facilities served by a drive-through and on-site…

Brand New Self Storage Facility Opens In Elmsford, NY

SecureSpace Self Storage, an operator of self-storage locations across the country, has opened a brand new facility in Elmsford, NY. This new facility, on West Main Street just off the Saw Mill Parkway, provides a wide range of different self-storage spaces with variable pricing to best suit the needs of the user. Providing a wide range of services, this newly launched SecureSpace location aims to help users meet all of their storage needs. This includes self-storage units of different sizes, with an interactive size calculator available on the website to…

Greensburg Eyes Expansion of Business Zoning to Include Self Storage Units

We’re trying to be creative. We’re seeing some activity for self-storage in other communities’ downtowns.” – Jeff Raykes, the city’s planning director Greensburg is looking to add self-storage facilities as an allowable use in the city’s business zoning district, to increase options for redeveloping dormant downtown properties. Council will consider making that change at its July meeting. Council also is moving forward with plans to enhance the city’s appearance — through the demolition of a fire-damaged house on Stanton Street and installation of a new community welcome sign on South…

Self Storage Facility Proposed on Route 6 in Farmington

  Weatogue-based Bulwark LLC is proposing a 79,200-square-foot self-storage facility at 8120 and 8122 Colt Highway in Farmington, also known as Route 6. One of two business partners, Matthew Morris, of Simsbury, has applied for a special permit that would allow him to construct a four-story self-storage building on two parcels that total 4.99 acres. The application is on the agenda for the Planning and Zoning Commission’s meeting at 7 p.m. Monday. The plans show a building with a footprint of 19,800 square feet, along with four parking spaces and…

Store Space Opens Vibrant New, Ground-up Storage Facility in Loganville, GA

  Located at 4341 Atlanta Highway in central Loganville, the facility houses 756 climate-controlled storage units comprising 72,524 NRSF.” Store Space today announced the opening of its newest location in Loganville, GA, a vibrant new facility in the city’s highly trafficked town center. The ground-up construction reinforces a significant trajectory in the company’s expansion strategy. Located at 4341 Atlanta Highway in central Loganville, the facility houses 756 climate-controlled storage units comprising 72,524 NRSF. Store Space Loganville will serve the growing population of the northeast Atlanta suburb, offering affordable and convenient…

SecureSpace Self Storage Opens New Facility in Philadelphia MSA

  SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Langhorne, in the Philadelphia MSA about 20 miles northeast of downtown. Located at 300 Woodbourne Road in Langhorne, PA, the newly built, standalone Class-A facility shares access with a CarMax and a Sam’s Club and is seen by over 20,000 cars per day. The store is in Bucks County, the third wealthiest of Pennsylvania’s 67 counties, with a median household income of $105,000 within three miles of the property. “SecureSpace Langhorne anchors the southern midpoint…

Warsaw Planners OK Preliminary and Final Plats for Storage Business

All Secure Self Storage has three buildings planned in the first phase, one of which is climate-controlled, which means it has heating and air conditioning for temperature control, she said. The other two buildings will not be heated.” – Debra Hughes, civil engineer with Surveying & Mapping A new self storage business should be up and running along Enterprise Drive in Warsaw by October after the Warsaw Plan Commission quickly approved a preliminary plat and final replat for it Monday. In presenting the petition from All Secure Self Storage to…