Author: Alison DeJaeger

Pogoda Companies Adds Five More Properties in the First Half of 2021

Pogoda Companies is pleased to announce the addition of five more properties to its growing self storage portfolio. Three were in the Grand Rapids, Michigan MSA and two were in the Detroit, Michigan MSA. Each has been rebranded under Pogoda’s trademarked name, National Storage Centers. We are growing the portfolio with the goal of adding properties in markets we already compete.” National Storage Centers – Alpine I – Pogoda has managed this facility since 2016 and bought this property off-market. It consists of 48,760 sq. ft. and 314 units, has an…

Proactive Strategies to Drive Revenues

In today’s ultra-competitive self storage market, many independent owners are unsure about what to focus on to keep their property competitive and increase its value. With the continued growth of the REITs, regional operators and third-party management platforms, many independent operators are facing more skilled and well-capitalized competitors than ever before. So, how can an independent self storage operator not only stay competitive, but preserve and increase their value as well? It is simple; independent operators need to change their attitudes and processes to become more proactive. Below are four…

Cherryfield Self Storage, Brevard, NC, Sold

Midcoast Properties Inc. announces the recent sale of Cherryfield Self Storage, located at 377 Old Rosman Rd., Brevard, NC. Dale C. Eisenman, broker in charge, along with Robert Moss, represented the seller. The facility was sold to an out of state regional operator. The facility, situated on 4.61 +/- acres, with 37,350 rentable square feet, has 377 storage units, which includes both standard drive up units and climate controlled units as well as outdoor parking. This well maintained facility is primed to add climate controlled units and is the only…

Self Storage in Six Mile, SC Sold By Midcoast Properties, Inc.

Midcoast Properties, Inc. is pleased to announce the sale of Lake Keowee Storage, located in Six Mile, SC. Dale C. Eisenman, broker in charge along with Michael Morrison of Midcoast Properties, Inc., represented the seller. The facility was sold to an out of state development company. Lake Keowee Storage offers 155 enclosed RV, boat and camper storage and is situated on approximately 10.5 acres. Amenities include perimeter fencing and 24/7 computerized gate access. This property also offers an opportunity for expansion. This facility is located at 3376 Walhalla Hwy., Six…

Andover Properties Closes on “Space Self Storage” in Corpus Christi, TX

Andover Properties, LLC (dba Storage King USA) has recently acquired Space Self Storage in Corpus Christi, TX marking its 2nd acquisition in Corpus Christi and 22nd in the state. The 41,000 NRSF single-story facility comprises 300 drive-up units and has excellent visibility from State Highway 358, which sees over 164,000 vehicles per day. Additionally, the property is located in a dense residential neighborhood and is just 10 minutes from an existing Storage King USA facility. “Buying an asset in such close proximity to an already existing store makes this a…

Three Rivers Self Storage in Cleves, OH Sells

Three Rivers Self Storage, a 53,100 net rentable square foot facility in the Cincinnati, OH MSA, was recently sold. The Hatcher Group of Marcus & Millichap brokered the deal. The 279-unit facility was built in 1998 and expanded in 2000, 2003, 2005 and 2016. The property has great visibility along North Miami Road and the market has demonstrated 23% population growth since 2000. Additionally, the average household income within a five-mile radius consists of $105,405.

Construction of a New Self Storage Facility: SBA Loan Options

The SBA 504 loan product continues to be in very high demand.  With historically low 25-year fixed interest rates (2.81% in July) and low down payment options (10-15%), it has very quickly become our most popular loan product. As great as the 504 loan product is, it is limited to only financing fixed assets like real estate and equipment.  For a new construction project, eligible costs typically include items like land acquisition, construction improvements, contingency, soft costs, FF&E, interest carry and finance fees — essentially everything associated with designing and…

Tom de Jong

  Tom specializes in the sale, development and disposition of self storage and industrial assets throughout the U.S. and has completed transactions totaling in excess of $450 million worth of consideration with recent closings in Indianapolis, Milwaukee, San Diego, Sacramento, San Jose/Silicon Valley and Washington State. Tom is an SIOR designee. The SIOR designation stands unchallenged for excellence in the performance of real estate services and is universally recognized as the prerequisite in the selection of a commercial real estate broker, agent or consultant. Tom also has an MBA from…

Dominus Commercial Self Storage Team and Argus Broker Affiliates Chad Snyder and Tyler Trahant Transact Seven Self Storage Facilities in Q2

The Argus Self Storage Advisors North Texas Team, Chad Snyder and Tyler Trahant of Dominus Commercial, have successfully worked with buyers and owners in completing the purchase and sale of seven different self storage facility transactions in Q2 of 2021, bringing their half year total to 11 transactions. Chad and Tyler have both added value to ownership in valuation of their facilities in ensuring their facility transacts competitively in the market, as well as procuring facilities for buyers in the pursuit of both on and off market transactions. Ennis Self…

Janus International Announces New Service Offering, ‘Facilitate’

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced its newest service offering, Facilitate, to complement the company’s suite of self storage solutions. Led by industry veteran, David Alexander and a team of on-staff project managers, Facilitate provides holistic services for optimizing and maintaining self storage facilities while also offering a planned maintenance program to help offset the costs of repairs. We’re very excited to add Facilitate to our service…