Author: Shinil Krishnan

Featured Brokers: David Perlleshi and Frank DeSalvo

David Perlleshi and Frank DeSalvo lead Franklin Street’s National Self-Storage Investment Sales Practice. Leveraging over 20 years of combined experience, they deliver top-tier financial results for clients. They are highly skilled advisors, known for their professionalism and integrated, hands-on approach, with a focus exclusively on maximizing value in the self-storage asset class. The team represents owners and institutional investors in the acquisition and disposition of self-storage assets throughout the country, and also provides expertise in navigating development challenges. Their extensive track record demonstrates high productivity and experience: $1 Billion+ in…

MMCC Secures Financing for Self-Storage Construction Project in Homestead, Florida

Marcus & Millichap Capital Corp. (MMCC) has secured $14.5 million in construction financing for the development of a 1,038-unit self-storage facility at 1995 N.E. 8th St. in Homestead, about 32 miles south of Miami. The 135,800-square-foot property will operate as an Extra Space Storage facility. Robert Bhat of MMCC’s Miami office arranged the five-year loan through a local bank on behalf of the borrower, an undisclosed self-storage developer. The loan features a floating interest rate underwritten as 250 basis points above 1-month SOFR for the first three years with 36…

Developer to Build Self-Storage Lot on Site of Vacant Landfill in Sterling Heights, Michigan

A Warren homeowner says she will move now that officials have given the green light to a developer to build a storage facility on the site of a closed landfill across the street from her home in neighboring Sterling Heights. Nancy Warnars, a licensed counselor and former teacher, recently told the Sterling Heights City Council she is “heartbroken” over their decision to allow the project, which she says will result in methane leaks from the former dump. “My patience is absolutely gone for people who disrupt our environment,” she told…

New Self-Storage Facility Opens in Ferguson Township, Pennsylvania

One of several new self-storage facilities planned around the State College area recently opened its doors. Brickwork Self Storage, 222 Science Park Road in Ferguson Township, offers 560 climate-controlled units in a various sizes, from compact 5-by-5 units to large 10-by-31 units, as well as drive-up units with power access. Developed by Roeshot Construction of State College and managed by Storage Asset Management, the three-story, 72,000-square-foot facility utilizes keypad entry, 24/7 recording security cameras, on-site management and a smart entry system that allows renters to open their storage units with…

The Hidden Downsides of First-Month Free Promos

First-month free promotions are everywhere in the self storage industry. From nation-wide storage companies to independent operators, facilities rely on this promotion strategy to fill units fast. And for good reason—the words “first month free” catch attention, drive clicks, and get new customers in the door. In the short term, it works. But is it really worth it in the long run? That’s where things get complicated. While first-month free (FMF) promos can be a powerful customer acquisition tool, they come with hidden costs that can chip away at your…

Affinius Capital Provides Refinancing Loan For Self-Storage Portfolio in New York City

Affinius Capital has provided a $120 million loan for the refinancing of the Prime NYC Self-Storage Portfolio, a collection of three self-storage facilities totaling 7,230 units in New York City. The names and addresses of the properties, which exclusively offer climate-controlled space, were not disclosed, but the locations span Brooklyn, Queens and The Bronx. Drew Anderman of CBRE arranged the loan through Affinius Capital on behalf of the owner, Prime Group Holdings. Miami-based lender 3650 Capital provided an undisclosed amount of junior mezzanine financing for the deal. Source

NexPoint Fully Subscribes $45 Million Self-Storage DST

NexPoint, a multibillion-dollar alternative investment firm, today announced that it has fully subscribed its NexPoint Storage VI DST, a Delaware Statutory Trust (“DST”) offering. The offering has reached its total goal of $45 million in equity raised since its launch in January. NexPoint Storage VI includes two GenerationV (“GenV”), Class-A storage facilities located in Temple Hills, Maryland, and Nashville, Tennessee. Both properties are managed by Extra Space Storage, a leading third-party manager of self-storage properties in the United States. The properties benefit from being accessible to stable-growth metropolitan statistical areas.…

Recent Self-Storage Transactions: 09.17.2025 – 09.23.2025

Recent self-storage transactions show continued investor interest in the sector, with activity spanning a variety of markets and asset types. Deals include stabilized properties, development sites, and portfolio acquisitions, reflecting strategies to expand market presence, increase operational scale, and position for long-term growth. Demand remains steady, supported by consistent occupancy levels and opportunities to enhance revenue through improved management and pricing strategies.     Property: Up North Storage Center Location: Park Rapids, Minnesota Closing Deal: $880,000 Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan of Argus…

Common Pitfalls in DIY Facility Management And How to Fix Them

At first glance, managing a self-storage facility looks easy. Four walls, roll-up doors, and some locks, what could go wrong? Plenty. We’ve brokered countless deals and seen too many promising properties underperform, not because of bad locations but because of avoidable management mistakes. Here are the most common pitfalls in DIY self-storage management and how to fix them before they drain your NOI. 1. Static Pricing The Pitfall: Setting rental rates once and forgetting them. Meanwhile, demand shifts, competitors adjust, and your revenue falls behind. The Fix: Think like airlines.…

Featured Broker: Harrison Cohen

Harrison Cohen is an Associate with Colliers, focusing exclusively on the self-storage sector. He represents both buyers and sellers in the acquisition and disposition of facilities across the United States, working with private owners, regional operators, and institutional groups. Harrison has been directly involved in transactions totaling millions of dollars and is recognized for combining detailed market knowledge with a practical, client-first approach. By building strong relationships and tailoring strategies to each assignment, he helps clients navigate complex deals and achieve successful outcomes. Contact: Harrison Cohen Associate | Colliers Self…