Author: Shinil Krishnan

Bloomington Plan Commission OKs Self-Storage Phasing in Bloomington, IN

The 176-unit apartment complex called THIRD Apartments, on the eastern edge of town, has finished construction. The owner has now received formal approval from Bloomington’s plan commission for a phasing plan that allows a 38,000-square-foot self-service storage facility to be built south of the apartment complex. The self-storage was already a part of the site plan that was approved by the commission in 2021. Bloomington’s city council had earlier approved the zoning for the project. But the self-storage facility has not even started construction. Approval of the phasing plan came…

Overflow Storage Opens a New Self-Storage Facility in Rose Hill, NC

Overflow Storage, a locally family-owned business, held its grand opening last week, filling the gap for everyday storage needs. Family members, the Roanoke Valley Chamber of Commerce and supporters celebrated the event with a ribbon-cutting ceremony on May 6. Owners Michael and Tammy Colston said they had researched ways to use their 20 acres of land at 3940 North Carolina Highway 903 in a way to help their community. Tammy said they determined there was a need for self-storage in that surrounding area. “Especially for people visiting Lake Gaston each…

Navigating Offers: Choosing the Right Path to a Successful Self-Storage Sale

When selling a self-storage facility, the selection of the right offer and buyer is critical. Sellers do not want to waste time in a deal that collapses weeks or months later due to easily avoidable due diligence issues that buyers should have determined on the front end. While a buyer’s initial enthusiasm and speed in submitting an offer might seem appealing, a rushed, high-priced bid isn’t always the most secure option. Experienced brokers and sellers prioritize thoughtful, well-researched offers, even if they take a little longer to materialize. An offer…

How to Be Ready When Natural Disasters Strike Self-Storage

With hurricane season officially less than a month away, it isn’t too soon to begin thinking about what you’d do if disaster struck. In fact, whether you’re facing facility fires or wildfires, floods, mudslides, snowstorms, tornadoes, earthquakes, hurricanes or other disasters, there are steps you can take to prepare and protect your facility before the event and to rapidly restore your facility after the damage is done. Prepare Your Facility. Is your facility built to withstand a disaster? One area that can be beefed up to prepare for the unexpected…

Featured Broker: Dean Trammell

Dean Trammell is a self-storage Investment Associate with The LeClaire-Schlosser Group based out of San Francisco, California. He serves clients in acquisitions and dispositions of self-storage real estate in Northern California and the Pacific Northwest. Mr. Trammell believes in the importance of strong, lasting client relationships and is dedicated to understanding their specific needs. Mr. Trammell has an extensive sales background across various professional industries. He majored in Marketing at Utah Valley University with an emphasis on professional sales while minoring in Finance & Spanish. When time allows, Dean loves…

Recent Self-Storage Transactions: 05.06.2025 – 05.12.2025

Several self-storage transactions closed this past week across a diverse mix of geographies, deal sizes, and buyer profiles, signaling a sector that remains active despite broader economic uncertainty. Buyers continue to pursue value in secondary and high-growth metros, as seen in Buchanan Street Partners’ first self-storage acquisition in Las Vegas through an off-market deal and National Storage Affiliates’ expansion in Hollister, California. The sale of a $44.2 million portfolio in the Bay Area signals ongoing confidence in mature, supply-constrained markets. At the same time, two deals in Georgia’s suburbs brought…

Talonvest Negotiates $66.1 Million of Construction Loans for Self Storage Facilities in Hollywood, CA and Bordentown, NJ

Talonvest Capital, Inc., a boutique mortgage brokerage firm, is pleased to announce $66,100,000 of construction loan closings for its long-time client, 1784 Holdings, LLC. The first transaction was a $46,700,000 construction loan for the development of a state-of-the-art self storage facility located on a prime thoroughfare in North Hollywood, CA. The property will have almost 98,000 net rentable square feet across 1,144 climate-controlled units. The second financing was a $19,400,000 construction loan for a premier self-storage development in Bordentown, NJ. Situated on 5.4 acres, the project will offer over 77,000…

North Palisade Partners Lands $55 Million for Self-Storage Facility in Los Angeles, CA

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles. By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade’s facility totaling $55.2 million, according to Yardi Matrix information. Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility…

True Storage to Open New CubeSmart-Managed Self-Storage Facility in Dracut, MA

True Storage will be opening of a newly constructed, self-storage facility located at 55 Loon Hill Rd. The all-new class A facility will open its doors in May 2025, offering 70,425 rentable s/f of premium storage space and 807 climate-controlled units. The property was developed and is owned by True Storage, a national self-storage developer known for high-quality construction and community-conscious design. The facility will be operated by CubeSmart. This ground-up development represents True Storage’s approach to self-storage, combining clean, modern design with secure features such as climate-controlled interiors, video…

New Self-Storage Business to Open in Oconomowoc, WI

Construction has begun on Stor-It Right at Pabst Farms, LLC at 1030 Blue Ribbon Circle Drive North, located in the Pabst Farms Commerce Center west of Wisconsin Harley-Davidson and south of the Lake Country DockHounds ballpark. This is the second location for Stor-It Right, which has been in business in Hartland since 2022. “We’ve seen not only demand for storage grow in Lake Country but also requests for premium Class A self-storage facilities with special amenities,” said Katie Grasch, who owns and operates the family business with her husband, Joe…