Indoor Self Storage Business Planned for Dormant Fairborn Former Kmart

Originally this was approved (for) about two-thirds storage and the rest of it would have been some type of retail space” A long-dormant former Kmart site at a largely vacant Fairborn shopping center is the focus of a proposal for a 600-plus-unit indoor self storage business. Plans for the location at the Five Points Plaza at 224 E. Dayton Yellow Springs Road include an 84,180-square-foot Storage Sense on about 9.5 acres that also includes a former Kroger site, Fairborn records show. It is reported to be a $4 million project…

Byline Bank Lends $14 Million on Self Storage Build in Paramount

The infill project will total 845 units, including 841 temperature-controlled units. The property will be managed by Madison Capital’s self storage brand, Go Store It.” Byline Bank’s Commercial Real Estate team has provided a $13.67 million construction loan to Madison Capital Group, a Charlotte-based real estate developer with offices in Newport Beach. Madison Capital will use the funds to develop a new-construction self storage property, located at 15932 Minnesota Ave. in Paramount. The infill project will total 845 units, including 841 temperature-controlled units. The property will be managed by Madison…

A New Storage Facility is Being Built in Jackson

Dysert purchased the 7-acre property from Daugherty Tree Service for $165,000 back in August of 2021, according to property records.” A new development in Jackson is bringing another storage facility to the area. A property at 1700 S. Cooper St. will be the new home of a Jackson Self Storage location. Construction is taking place at the site to build a new facility for residents with larger-storage needs, such as equipment for small businesses, owner Doug Dysert said. “They’re very popular for people who have tools and equipment for small…

Tennessee Firm Plans $6 Million Extra Space Storage Facility in Framingham

The property is owned by 58 Exchange Realty, LLC of Milford, which last purchased it in 2016 for $3.1 million, according to City of Framingham property records.” A Tennessee company has proposed a 90,000-square-foot storage facility at 579 Old Connecticut Path in Framingham. The self storage facility, consisting of two buildings, is estimated to cost more than $6 million, according to an application submitted to the City of Framingham’s planning board by Katherine Garrahan a partner at Worcester-based law firm Bowditch & Dewey, on behalf of her client, PSI Atlantic…

SecureSpace Self Storage Opens New Self Storage Facility in New York City MSA

  It is located directly in the middle of a mile-and-a-half stretch of what, from above, looks like an octopus of high-traffic roads coming together. We’re at the busy nexus of a wealthy local resident base.” SecureSpace Self Storage announced the grand opening of SecureSpace Elmsford in Westchester County, representing its most recent acquisition in the New York City area. Located at 33 West Main Street in Elmsford, the newly-built Class-A facility straddles the westbound entrance and eastbound exit of the Cross Westchester Expressway, on which over 135,000 vehicles pass…

Recent Transactions: 5.23.2023 – 5.29.2023

Portfolio: Fortress Self Storage Portfolio (Four properties) Location: Lawton, OK Broker and Brokerage: Jared Jones of Jones Investment Real Estate (Oklahoma affiliate of Argus Self Storage Advisors) NRSF: 198,802 Highlights: The property has significant upside available through; Increased focus on revenue management strategies Implementation of tenant protection/programs and future expansion   Property: Self-Store-It Location: Cheshire, CT Year Built: 2014 Year Opened for Business: December 2021 Broker and Brokerage: Nathan Coe, Brett Hatcher, Gabriel Coe and John Krueger of The Hatcher Coe Group of Marcus & Millichap NRSF: 18,745 Unit Count:…

Featured Broker: Mike Mele

Mike Mele leads Cushman & Wakefield’s National Self-Storage Capital Markets Team. He works closely with private owners, institutional owners and investors around the country to maximize their self-storage real estate value. Having started his career in 1999, he’s since built an industry-leading team, which has closed over 700 transactions totaling more than $8.5 billion. With more than two decades of experience as a self-storage advisor, Mike is consistently recognized by industry organizations as well as national trade publications for his critical leadership, expertise and knowledge of the self-storage industry. Professional…

Differentiators between the UK and European Region and the US

In this video chat, Roc Hughes of Janus International and John C. Lindsey of Lindsey Self Storage Group discuss the differences and similarities between the UK and European region and the US. The maturity of the US market can be used as a template for investing and/or developing in the UK and Europe however there are some differentiating circumstances to consider. Find out about the buying process, development market and overall comparisons of these two markets in this episode.

Developers Win Approval to Expand Coconut Creek Shopping Center with Self Storage, Sprouts and More

Strada Plaza, a 7.1-acre retail center near the intersection of Lyons Road and Coconut Creek Parkway, also will add a 1,500-square-foot Cali Coffee shop and a five-story Sentry Self Storage facility with about 120,000 square feet. Sprouts will have a 23,000-square-foot grocery store.” JV between Evan Mouhalis and Martin Pico is under contract to buy Strada Plaza, and also plans to add a café and a self storage facility. A joint venture of developers is under contract to buy a Coconut Creek shopping center and won approval to expand it…

Joseph’s Catering will become Self Storage Facility in Horsham

Artist renderings show a three-story, 120,000-square-foot building, which sits on 5.68 acres, that will look to motorists driving by like an office building.” Horsham Township Council gave final approval Wednesday for the development of the Horsham Road property after a decade of proposals. The old Joseph’s Catering property on Horsham Road will become a self storage facility. At its meeting Wednesday, Township Council gave preliminary/final approval to a plan to build the self storage facility at 901 Horsham Road on the parcel that housed Joseph’s Catering, next to Hatboro-Horsham high…