Author: Shinil Krishnan

Self-Storage Facility Could Replace Century-Old Business in Wilkes-Barre, PA

A self-storage facility could open in an iconic South Main Street building in Wilkes-Barre vacated by a century-old business that has relocated its headquarters to Hanover Township. CAE Self-Storage LLC is seeking a variance to permit the adaptive reuse of a commercial building at 454 S. Main St. into a self-storage facility containing 600 storage units, according to an agenda for Wednesday’s Wilkes-Barre Zoning Hearing Board meeting. CAE is also requesting a variance to waive 29 parking spaces for the proposed use. The building is owned by Petroleum Services Company,…

Blue Door AM I, LLC Announces Launch of Delaware Statutory Trust (DST) Investment Program

Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. (“SSGT III”), and an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the launch of Blue Door Property II, DST (“Blue Door II”), a new Delaware Statutory Trust (DST) investment program. Blue Door II offers accredited investors the opportunity to participate in the self-storage sector through a diversified portfolio of three debt-free institutional-quality properties located in Orlando, Florida and Pasadena and Corinth, Texas. The Orlando property consists of approximately 680 units…

A Self-storage Facility is Planned Off County Road 210 in St Johns, FL

A 120,000-square-foot self-storage facility is permitted to advance in St. Johns County. The county issued a building permit on July 11 for the $9.26 million project. No rezoning is required. Beachside Self Storage is a four-story, climate-controlled facility at 1490 County Road 210. It is off Pappy Road just outside the Fountains at St. Johns, a mixed-use center with about 30 tenants and an apartment community anchored by Ascension St. Vincent’s Health Centre – St. Johns County, about a half-mile east of Interstate 95. The Fountains is developing its second…

Eastern Union Secures $18.5 Million to Refinance Construction of Multifamily, Mixed-Use Property in Manchester, NH

Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The eight-story, 98,000-square-foot building, presently under construction, is located at 31 Central Street near the University of New Hampshire and the Southern New Hampshire University Arena. Construction is expected to be completed by the end of this year. “We are grateful that we were able to connect…

Talonvest Capital Closes $25.2M Bridge Loan for Their Newly Developed Self-Storage Facility in Vista, CA

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the closing of $25,250,000 non-recourse, bridge loan on behalf of Clear Sky Capital and their institutional equity partner for their newly developed, 1,484-unit Class A self-storage facility with 132,695 square feet of rentable area that also contains 45 vehicle/RV parking stalls. The property is located at 510 N Avenue in Vista, CA. Despite the increased market volatility in the second quarter, Talonvest successfully sourced multiple competitive financing options, with 40% of the lender…

Construction Underway for New Self-Storage Facility in New Braunfels, TX

A 90,000 square-foot CubeSmart Self Storage facility, which broke ground at Hwy. 46 at FM 1863 in February, is expected to be completed by 2026, SurePoint Development Partner Clint Wynn told Community Impact. SurePoint Development is the developer and investor on the project. The San Antonio-based, privately held real estate investment company specializes in the development of self-storage properties, according to the company’s website. CubeSmart Self Storage offers storage units ranging from 5×5 to 10×30. The company offers self, business, moving and climate-controlled storage units along with storage units for…

Calcumate Launches CalcumateGEO: The First Location-Aware Storage Size Guide for Multi-Store Operators

Calcumate, the world’s leading 3D self-storage size calculator, today announced the launch of CalcumateGEO – the first location-aware size guide for multi-store operators that gives customers real-time, store-level unit size recommendations and connects customers directly to the relevant rental or booking page. By instantly directing users to the closest location and showing them what they need, CalcumateGEO turns multi-store size guides into a new source of conversions and makes the online rental journey faster, more relevant, and dramatically more effective. Created for operators with multiple locations, CalcumateGEO automatically detects a…

Self Storage Opens with Professional Management in Myrtle Beach, SC

Local owners of Centro Self Storage proudly announce the acquisition of the self-storage facility at 4357 Postal Way, Myrtle Beach, SC 29579. This facility, being managed by Absolute Storage Management (Absolute), features 739 units totaling 83,835 rentable square feet. It offers safe and secure climate-controlled, non-climate-controlled, and parking unit options to the local communities of Carolina Forest, Socastee, and North Myrtle Beach. TLV RE SS II Myrtle Beach Owner, LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s…

MV Investment Announces Development of Premier Class A Climate Controlled Self Storage in Kissimmee, FL

MV Investment announces the development of a premier Class A climate-controlled self-storage facility. The facility is located within an established suburban community of Orlando with targeted, innovative growth at the intersection of Highway 17 and S Hoagland Blvd. The once residential node of Osceola County is welcoming national retailers and rapid residential growth, creating high demand for class A self-storage solutions. The state-of-the-art three-story facility will offer 1,002 storage units ranging from 3’x5’ to 10’x30’, catering to a wide range of storage needs. “We’re thrilled to bring a new, state-of-the-art…

Self-Storage in Transition: Market Recalibration and Resilience in 2025

Navigating a Crossroads in Self-Storage The self-storage sector has reached a pivotal point in its post-pandemic evolution. Following several years of demand-driven growth, the market began to recalibrate in 2024 amid rising economic uncertainty, shifting consumer sentiment, and persistently elevated interest rates. These factors prompted a reassessment of expectations across the industry. By early 2025, however, emerging indicators point to signs of stabilization, with operators beginning to adjust strategies in response to the new landscape. 2024: The Year of Reset The national average for self-storage street rents declined 2.5% in…