Author: Shinil Krishnan

Triangular Self-Storage Proposed Near Santa Rosa Springs in Maricopa, AZ

A new self-storage facility has been proposed for about 8 acres of undeveloped land near Santa Rosa Springs. Maricopa landowner and realtor Dayv Morgan last month submitted pre-application paperwork to the city for an RV and self-storage development along Sonoran Desert Parkway, right between Santa Rosa Wash and Lunar Street. Attached is a request to amend the land use and zoning from general rural to light industrial. The preliminary site plan shows a triangle-shaped parcel that could accommodate up to 317 vehicles and two storage buildings. However, Morgan said the…

U-Haul Co. Adds Dealership in Manteno, IL

U-Haul Co. of Illinois Inc. recently announced that Cordes Brothers Towing signed on as a U-Haul dealer to serve Manteno, according to a news release from U-Haul. Cordes Brothers Towing is at 151 Linden and will offer U-Haul trucks, trailers, towing equipment and moving supplies. Normal business hours are 8 a.m.-5 p.m. Monday to Friday; 8 a.m.-1 p.m. on Saturday; and 10 a.m.-1 p.m. on Sunday. Customers can reserve U-Haul products at this dealer location by calling 815-907-5006 or visiting uhaul.com/Locations/Truck-Rentals-near-Manteno-IL-60950/013302/ today. Cordes Brothers Towing owner Terry Cordes said he…

Featured Broker: Ashley Compton, MBA

Ashley Compton is a Principal and Vice Chairman at Colliers who specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach with clients and colleagues. He has successfully assisted clients, who…

A New Self-Storage Facility Planned in Lee Vista, FL

Story Highlights Titan Vanguard filed application for a 125,000-square-foot self-storage building in Orlando Storage market has “hit bottom,” with 3-3.5% growth predicted Central Florida storage transactions increased to $71 million in 2024 A self-storage facility is in the works in the Lee Vista area as experts say the storage market has “hit bottom.” Robert Ziegenfuss of Orlando-based Z Development Services filed an application with the City of Orlando for a four-story, 125,000-square-foot self-storage building at 6252 Lee Vista Blvd. Ziegenfuss was not available for comment. The application was filed on…

Baranof Holdings Purchased an Industrial Land Site for $28 Million to Pave Way for a New Self-Storage Facility in Hollywood, CA

The largest land sale in Hollywood for the first quarter goes to Baranof Holdings, which acquired a 1.29-acre industrial land site for $28 million. Dallas-based Baranof Holdings, a developer and asset manager of self-storage facilities, has purchased a 1.29-acre industrial land site in Hollywood for $28 million in order to pave the way for a new Los Angeles self-storage facility. The transaction marks the largest land sale in Hollywood during the first quarter of the year. Baranof Holdings acquired the site at 956 Seward St., which previously operated as a…

A Step-by-Step Guide to ECRI – By Peter Smyth, White Label Storage

In this video, White Label Storage Co-Founder Peter Smyth breaks down how to utilize ECRI to improve your profitability without tanking customer satisfaction. The walkthrough utilizes a spreadsheet template, which you can download here to start running your own ECRI program and optimizing rents. Existing Customer Rate Increases (ECRI) is a fundamental part of revenue management for self-storage facilities. This process enables owners and operators to move tenants from low promotion rates to pro forma rates that bring in more revenue. ECRI works because the psychology of customers changes once…

Recent Self-Storage Transactions: 04.01.2025 – 04.07.2025

Investor activity in early April highlights a strong demand for self-storage assets across varied markets and strategies. Deals ranged from ground-up development in Miami to stabilized acquisitions in Texas, with a $65 million portfolio transaction in Houston underscoring investors’ long-term optimism and confidence in the self-storage sector. Multi-property deals and retail conversions point to a focus on scale, flexibility, and creative reuse – particularly in dense suburban markets with strong demographics.     Property: Class A Self-Storage Development Site (fully entitled 7-stories development site) Location: Miami, FL Address: 2210 NW…

Featured Broker: Kim VanDelinder

Kim is a seasoned professional with deep-rooted expertise in Montana’s real estate and financial sectors. As a licensed Real Estate Broker and Certified Public Accountant (CPA), she brings decades of experience in management, finance, and operations across businesses ranging from startups to multi-million-dollar enterprises. Her career began in banking before she transitioned into management information systems within the food service supply industry. She later earned her CPA license and established a thriving tax and public accounting practice. Expanding her expertise, Kim became a licensed Real Estate Agent, initially specializing in…

Recent Self-Storage Transactions: 03.25.2025 – 04.01.2025

Property: Driftwood Self Storage (Class A facility) Location; Austin, TX Address: 9900 Darden Hill Rd., Austin, Texas Year Completed: 2021 Seller: The Jenkins Organization, Inc. (JLL represented the Seller) Buyer: Platinum Storage Group. (JLL procured the Buyer) Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Capital Markets Acreage: 13.46 acres Square Feet: 96,433 Unit Count: 482 units Occupancy: 93.4% Highlights: The facility is surrounded by new housing developments near the rapidly growing Highpointe and Driftwood neighbourhoods Driftwood Self Storage is the only self-storage facility…

SmartStop Self Storage REIT, A Premier Owner And Operator Of Self Storage Facilities in the United States and Canada, Announces Pricing of Underwritten Public Offering

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), an internally-managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced today the pricing of its public offering of 27,000,000 shares of common stock at a price to the public of $30.00 per share. SmartStop has granted the underwriters a 30-day option to purchase up to an additional 4,050,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Shares of SmartStop’s common stock are…