Author: Shinil Krishnan

Gantry Arranges Refinance For Two Self-Storage Properties in Bay Area, CA

Gantry secured a total of $17.6 million in permanent loans to refinance a pair of Bay Area self-storage facilities. The life company financings funded the sponsor at $9.5 million for SAF Keep San Ramon and $8.1 million for SAF Keep Hayward, which totals 244,605 square feet of rentable space. Principal Tom Dao and associate Erinn Cooke with Gantry’s dedicated Self Storage Financing Team secured the financing on behalf of the borrower, a private real estate entity. The 10-year loans were sourced from one of Gantry’s correspondent life company lenders and…

StorageMart Keeps Expanding with New Self Storage Facility in Indianapolis, IN

StorageMart, a prominent international self-storage company, is pleased to announce the opening of a new facility in Indianapolis, Indiana. This facility, located on East Washington Street, offers 785 units with over 82,159 rentable square feet of climate-controlled self-storage options in assorted sizes. Notable security features include 24/7 video surveillance, PIN entry access, and motion sensor lighting. The newly inaugurated facility simplifies the process of storing items with online and phone reservation options. Plus, the facility will offer moving and packing supplies and allow customers to access their stored items at…

I Wish I Knew This When I Built My First Self-Storage. I Would Have $500,000 Extra in My Wallet! – by Marc Goodin, President of Storage Authority Franchise Civil Engineer by Trade 30+ years

Imagine $700 cash showing up in your wallet every Sunday morning. That is what many self-storage owners are giving up each week because they are not taking ancillary sales seriously. Self-storage ancillary income makes a huge difference in your profits now and when you sell. Let’s run through the numbers for 500 units rented with a turnover rate of 20 units a month $29 admin fee x 20 units rented a month = $580/month Required Tenant Insurance: 500 units rented x 80% penetration x $10 profit/month = $4,000/month $29 late…

Recent Transactions: 12.19.2023 – 12.26.2023

Property: Bear Creek Boat & RV Storage Location: Houston, TX Year Constructed: between 1991 and 2012 Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire of The LeClaire-Schlosser Group of Marcus & Millichap Acreage: 10.7 NRSF: 103,872 Highlights: The property sits on four parcels Has 11 single-story buildings and157 outdoor parking spaces Video surveillance throughout the property Entrance gate with a digital keycode access Swing doors Crushed concrete driveways     Property: Storage King USA Location: Sherman, TX Year Constructed: 2006 Brokers and Brokerage: Dave Knobler and Charles “Chico” LeClaire…

Forbes Names Janus International Group, Inc. to List of “America’s Most Successful Small-Cap Companies 2024

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced it has been named to the list of “America’s Most Successful Small-Cap Companies for 2024” by world-renowned Forbes magazine. Janus came in at #24 out of 100 companies included on the list. “I am incredibly proud that through the hard work and dedication of our team, and the loyalty of our customers, we have been recognized as a Forbes top…

Fort Wayne (Ind.) Plan Commission Approved Plans for New Self-Storage Facility in Fort Wayne, IN

On Monday, the Fort Wayne (Ind.) Plan Commission approved plans for a new 101,400-square-foot self-storage facility. The City Council will make a final ruling on whether a community shopping center can be rezoned for commercial use, allowing for the development of Fort Wayne Storage. The Board of Zoning Appeals has scheduled a hearing for the project on Thursday. One plan-commission member and some neighboring office owners oppose the project, claiming it will lower property values. Fort Wayne Storage has three other Allen County locations. The company plans to invest more…

Talonvest Capital Negotiates $10.2 Million Life Company Bridge Loan

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, along with their client Metro Self Storage, are thrilled to announce the successful closing of a $10.2 million bridge financing for an award-winning, Class-A self-storage facility in Monmouth Junction, New Jersey. The facility spans 74,794 net rentable square feet and is a mix of climate-controlled and drive-up units. The site demographics are strong, with an average household income of $170,000 and a 5-mile trade area that is undersupplied, with only 4.3 net rentable square feet per capita of…

Go Store It Opens New Self Storage Facility in Naples, FL

A new Go Store It self storage facility has opened at an adaptive reuse project in Naples, Florida. Situated at 220 Basik Drive, the new property is located at a converted retail center, formerly a Big Cypress Marketplace. Go Store It and general contractor Liberty Solutions converted the former retail site into a modern storage property to meet the demand for storage in the fast-growing market. Go Store acquires, develops, and manages self-storage properties across the U.S. The company, an affiliate of Madison Capital Group, has 7.1 million square feet…

ClearHome Self Storage – A Premier Self Storage Facility Opens in Longmont, CO

VanWest Partners’ latest development project, located at 10958 CR 5, Longmont, Colorado (the intersection of Highway 119 and CR 5), has officially opened for leasing. The project is operated by the firm’s wholly-owned self-storage management company, ClearHome Self Storage. With construction recently completed, ClearHome Self Storage – Longmont (ClearHome) consists of over 700 units and over 81,000 rentable square feet. The Class A self-storage facility includes a mix of climate-controlled and drive-up units, as well as 46 uncovered boat and RV parking spaces. The facility sits on over six acres…

Summit Self Storage Opened its New Facility in Driggs, ID

Summit Self Storage just opened 30,000 square feet of traditional drive-up self-storage in Driggs, Idaho with additional land available to add 24,000 square feet. With the opening of this latest facility in Driggs, marks their current available square feet in Teton Valley, Idaho to 100,000 Contact: Jason O’Neill, Owner of Summit Self Storage 535 Peak View Road Victor, ID 83422 Mobile: 208-709-7578 www.summitself-storage.com