Day: June 24, 2025

5 Questions With Hunter Molnar – Storage Exchange

In this episode of 5 Questions With, Hunter Molnar of Storage Exchange shares his insights on today’s self-storage investment landscape. Drawing from his background as an owner/operator, Hunter discusses how that experience informs his underwriting approach and broker opinions of value. He also dives into current buyer and seller expectations, key return metrics, and the growing trend of off-market deals. Whether you’re active in acquisitions or simply watching the market, this conversation offers practical takeaways for navigating today’s self-storage environment.   Want to be featured in a future episode? Email…

New Self-Storage Facility Opening in Bensenville, IL

LSC Development, LLC is excited to announce the grand opening of a new self-storage facility located at 1180 Irving Park Rd in Bensenville, IL. The property is strategically located at Irving Park Road and IL Route 83, just over a mile west of O’Hare International Airport, providing excellent visibility and access from both Irving Park Road (with an Annual Average Daily Traffic of 29,300) and Route 83 (45,500 AADT). It caters to residents of Bensenville, Itasca, Wood Dale, Elk Grove Village, Addison, Elmhurst, Northlake, Franklin Park, and other nearby western…

Affinius Capital Originates $33.5 Million Loan to Refinance Storage Portfolio Located Across 7 Markets in Five US States

Affinius Capital LLC announced today the origination of a $33.5 million refinancing loan for a 10 Federal self-storage portfolio, which includes 13 self-storage facilities spanning 3,600 units across five states. Properties in the geographically diversified portfolio are located in Colorado, Georgia, North Carolina, Texas, and Tennessee. The loan will support the portfolio’s ongoing lease-up efforts and operational stabilization. Affinius Capital Senior Vice President Tyler Figley commented, “This transaction represents a compelling opportunity to expand our presence in self-storage, a growing asset class that adds meaningful diversification to our portfolio. We…

Ottawa Plan Commission Backs Self-Storage Facility as Potential Gateway to North Side Development in Ottawa, IL

The Ottawa Plan Commission recommended approval of a conditional use permit for a self-storage facility on Etna Road, the potential first phase of a larger 28-acre development planned on the city’s north side. Sean Garrett, project developer at Columbus Development Co., is under contract for the 4.5-acre storage site and holds an option on the remaining acreage. Garrett gave a presentation to planning commission members on Tuesday night, explaining the facility would serve as a possible starting point for a long-term plan that includes professional offices, medical offices, banks and…

Self-Storage Facility Proposed For Former Public Works Building in La Salle, IL

The future development of the former La Salle Public Works Building, at 500 2nd St., remains in the hands of the city council. President of Glenstone Development Nathan Watson, the former president of CL Real Estate Development, presented a plan to redevelop the property. Watson proposed selling the historic building for $260,000 and redeveloping the property into a coffee shop with potential drive-thru access, a sales office with co-working space, and climate-controlled self-storage. The building was originally constructed as a car dealership and later repurposed into the city’s armory during…