MiniCo Announces Sale of its Publishing Division to Storelocal

MiniCo created the first self storage industry trade publication with the launch of Mini-Storage Messenger in 1979″   First Self Storage Trade Publication Entering New Era of Leadership. MiniCo Insurance Agency LLC (MiniCo) announced today that it has finalized the sale of its Publishing Division, effective March 1, 2023, to Storelocal Media Corporation (Storelocal). “It’s very exciting,” said Travis Morrow, Storelocal’s CEO, “Mini-Storage Messenger is not about just a magazine–it’s what it represents to the industry. We view Mini-Storage Messenger and its annual Self Storage Almanac as more than a…

Miami Firm Picks Up Westchester Warehouse, Development Site for $30m

Basis Industrial plans an additional warehouse on the property, which sold for just $9M in 2016″ A Miami warehouse and self storage firm is planting its flag in Westchester County — and paying a significant premium to do so. Basis Industrial, based out of Coconut Grove, paid $30 million for a 60,000-square-foot warehouse and adjacent development site at 100 Business Park Drive in Armonk. The 11-acre parcel comes with more than 140,000 additional buildable square feet. Basis plans to add a 100,000-square-foot industrial and self storage facility on the land”…

SecureSpace Announces Opening of New Self Storage Facility in Los Angeles, CA

Continuing our expansion across California, I am excited to announce that SecureSpace Firestone is now open,” SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility, strategically located at 2268 Firestone Blvd, Los Angeles, CA, at the nexus of the Interstate 110, 10, 710, and 105 freeways. SecureSpace Firestone offers 116,125 square feet of 100% climate-controlled self storage space with units ranging from 5’x5’ to 10’x30’. The site is located in the Los Angeles/Long Beach/Anaheim MSA, which has a population of around 13.3 million. The three-mile trade…

Recent Transactions: 03.07.2023 – 03.13.2023

Property: Hanover Self Storage Location: Hanover, PA Brokers and Brokerage: Luke Dawley, Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 32,150 Unit Count: 278 non-climate and climate-controlled units Physical Occupancy: 92%   Property: A RV Storage Location: Joshua, TX Brokers and Brokerage: Bryan Quaschnick, Danny Cunningham and Brandon Karr of the Karr- Cunningham Storage Team of Marcus & Millichap NRSF: 45,072 Unit Count: 100 units Highlights: Perimeter fencing and lighting Wide driveways 24/7 video surveillance system Opportunity for expansion Garage-style roll-up doors…

Marcus & Millichap Adds Andreas Makris to Bledsoe Self Storage Group

Andreas’ extreme professionalism and organization throughout the transaction left a great impression on me” Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the newest addition to the Bledsoe Self Storage Group, Andreas Makris, serving the Northeast and Mid-Atlantic markets in the Self Storage Division. The founder of the team, Kevin Bledsoe, joined Marcus & Millichap in July 2022. Bledsoe’s decision to add Makris aligns with his long-term strategy to unify talented advisors to best serve self storage…

Market of the Month: Millcreek, UT

StorTrack’s featured market this month is Millcreek, UT. Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts. How is Millcreek as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Millcreek, UT Current Supply: There are 5.22 square feet per capita in this market. For comparison,…

Recent Transactions: 02.28.2023 – 03.06.2023

Property: Old Town Storage Location: Winston Salem, NC Brokers and Brokerage: Nathan Coe, Gabriel Coe and Brett Hatcher of the Hatcher-Coe Group of Marcus & Millichap NRSF: 7,200 Unit Count: 75 non-climate-controlled units and 40 parking spaces Physical Occupancy: 83% Highlights: Dense & growing surrounding population: 92,976 people living within five-miles – which represents a 19% increase since 2000 Affluent market: $93,825 average household income within five-miles of the facility Portfolio: All Steel Storage Two Property Portfolio Location: Lake Placid & Sebring, FL Brokers and Brokerage: Gabriel Coe, Brett Hatcher,…

Featured Broker: Mike Helline

Mike Helline is a licensed real estate agent in Kentucky specializing in retail, investment and self storage properties. He is the Argus Broker Affiliate for the states of Kentucky & Tennessee. Mike also has extensive experience in the automotive and automotive after-market accessory businesses as well as experience in the car wash industry. Mike holds a degree in business administration from Bellarmine College. He also served in the U.S. Navy.

50-Unit Storage Facility Opens in Old Snowmass

The first self storage facility ever built in Snowmass.” Snowmass Self Storage consists of two new buildings with small and large units in Old Snowmass near the corner of Highway 82 and Snowmass Creek Road. The buildings were constructed in the same location as a former open lot that contained various vehicles and watercraft. Amid a market in which availability at regional storage facilities has been limited in recent years, two entrepreneurs have opened a new storage center in Old Snowmass. Snowmass Self Storage, developed by Ryan Chadwick and business…

Associated Banc: Bank Announces $8.6 Million Loan for Self Storage Facility in Spring Hill, Florida

Associated Bank announced the closing of an $8,639,027 bridge loan to an affiliate of Metro Storage LLC for the completion of 504 climate-controlled self-storage units (49,806 square feet), and 39 non-climate-controlled units (13,050 square feet), at 3286 Barclay Avenue in Spring Hill, Florida. The project also includes 83 covered and 31 covered RV and boat parking spaces. The property was previously vacant land.” Lake Forest, Illinois-based Metro Storage LLC manages over 6.1 million square feet of storage across 88 locations in 12 states and is among the largest private owners/operators/managers…