Author: Shinil Krishnan

Climate-Controlled Units Offer Advantages as Summer Temperatures Rise

Rising temperatures can have significant effects on your tenants and their property in units without climate control. Repeated exposure to heat and humidity can cause irreversible damage to their possessions or create a safety concern for a tenant in an overheated unit. Facility owners can help avoid this by offering climate-controlled units. To preserve the integrity of your tenants’ stored belongings and to improve the customer experience, we recommend considering climate-controlled storage units at your facility. These specialty units are designed to regulate temperature and humidity levels regardless of the…

Recent Transactions: 5.30.2023 – 6.05.2023

Portfolio: Central Virginia Stabilized Self Storage Portfolio Location: VA Brokers and Brokerage: Nathan Coe, Brett Hatcher, Gabriel Coe and Brian Hosey of The Hatcher and Coe Group of Marcus & Millichap NRSF: 85,690 (Combined) Unit Count: 232 climate-controlled and 413 Non-climate-controlled units (Combined) + 27 Parking Spaces Physical Occupancy: 92% Highlights: Nearly 20% Population Growth Since 2000 Two Commercial Units and One Portable Unit   Property: Storage Sense Location: Swatara Township, PA Closing Deal: $7.8 Million Buyer: Moove In Self Storage Seller: Volant Development Company Square Feet: 56,850 Unit Count: 461…

Coming to Auburn: U-Haul to Develop Land for New Store by 2025

Plans call for an attractive four-story self storage building encompassing more than 100,000 square feet. The store will offer 700-plus indoor, ADA-accessible self storage units with climate-control options and high-tech security features at affordable price points. U-Haul also plans to build a separate warehouse for portable moving containers.” A modern U-Haul® retail, moving and self storage facility is coming to Auburn thanks to the recent acquisition of 4.5 acres of bare land on W. Creek Parkway. U-Haul Moving & Storage at West Pace is scheduled for completion by the summer…

Investing in Bowling Green: U-Haul to Build New Store, Add Jobs by 2025

The multi-story facility will include more than 750 indoor climate-controlled self storage rooms with high-end security features at affordable price points. Customers will have access to truck and trailer rentals, boxes and moving supplies, towing equipment, professional hitch installation, propane and much more.” U-Haul® will soon showcase a new retail, moving and self storage center in Bowling Green thanks to the recent land acquisition of 5.15 acres on Nashville Road, just southwest of William H. Natcher Parkway. U-Haul Moving & Storage of South Bowling Green is scheduled to be built…

EagleBridge Capital Arranges $22 Million Construction/Permanent Mortgage Financing for Self Storage Facility

EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $22 million for a new self storage facility property currently under construction in Redding, Connecticut.” The mortgage financing was arranged by EagleBridge Senior Director Brian Walsh who stated that the loan was provided by a major national bank. The self storage facility shall contain 675 fully sprinklered, climate-controlled units ranging in size from 20 to 300+ square feet plus several flex/industrial units. The facility will offer 24/7/365 key card security and gated access security. It will be managed by…

Houston REIT Turning Entire 7 Million Square Feet Portfolio into Self Storage

Silver Star Properties is making significant changes to its investment strategy, repositioning its portfolio of office, retail and industrial holdings into self-storage, according to a May 26 SEC filing. Silver Star is repositioning its entire 6.8 million-square-foot portfolio to self-storage, a plan its board of directors’ executive committee outlined on April 6. The Houston-based REIT completed a $3 million acquisition of Southern Star Self-Storage Investment Company in early May to operate alongside its existing operations. The company saw a $24 million loss in the recoverable value of eight properties by…

Stuf Brings Tech-Enabled Self Storage to Two Seattle Office Properties

Stuf, a New York City-based self-storage startup, has entered the Seattle market with two new locations, both utilizing space within office properties. With locations in eight metro areas, Stuf partners with property owners to monetize basements, garages and other spaces in buildings as tech-enabled storage. “Over the last year, we have tripled our real estate footprint by partnering with incredible office, multifamily, and retail landlords who see value across the entire asset and seek to monetize their buildings in new and creative ways,” said Katharine Lau, CEO and co-founder, Stuf.…

Featured Broker: Brandon Robinson

Brandon Robinson is the National Director of Investment Sales at Calvary Realty. Brandon and the Calvary Realty Storage Group specialize in self storage and commercial transactions nationwide. With prestigious recognitions, such as CoStar’s “Power Broker” and Crexi’s “Platinum Broker” under his belt, Brandon’s strength is in his client-agent relationships, assisting both buyers and sellers to achieve the best outcome in every transaction. Over the past six years, he has overseen the growth of Calvary Realty into one of the top storage brokerage firms in the nation. Throughout his 16-year career,…

Summer is almost here! Are you ready to welcome Boat and RV owners?

Summer is around the corner and boat and RV owners are making plans to get out on the water and hitting the open road. Due to the sustained popularity of RVs and boats, the demand for this niche property sector continues to surge. In fact, investors continue to invest in this category at record-high levels. Is your facility prepared to service the evolving demands and expectations of these customers? Facility design plays a crucial role in this customer segment. Boat and RV owners are all too familiar with the hassle…

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…