Author: Shinil Krishnan

Four-Story Self-Storage Facility Proposed in Sayreville, NJ

A four-story self-storage facility is proposed for Jernee Mill Road. Lot 15 Jernee Mill, LLC, of Brooklyn, New York, is seeking preliminary and final major site plan approval to construct the facility at 18 Jernee Mill Road. The 14.2-acre site is located in the Special Economic Development Zone and is undeveloped, according to public documents. The new building would have a 33,250-square-foot footprint for a total of 133,000 square feet. There are 27 parking spaces proposed. The applicant is requesting variance relief for two 100-square-foot façade signs, where the ordinance…

Five Points Shopping Center sold for $3 Million – The Site planned For a Self Storage in Fairborn, OH

A Fairborn shopping center largely vacant since losing a Kmart several years ago has been sold for $3 million, Greene County records show. The 9.5-acre Fairborn Five Points Shopping Center, the site of a planned 600-unit indoor self-storage facility, has been bought by Cobblestone Capital of Bowling Green, Ky., according to the county auditor’s office. Cobblestone Capital purchased the site at 224 E. Dayton Yellow Springs Road last month from Gator Five Points Partners, which bought it for $2.1 million in 2007, according to county records. The site is at…

Featured Broker: Adam Schlosser

Adam Schlosser leads a team of highly qualified professionals focused on the sale, acquisition, financing, research, and advisory services of self-storage assets throughout the United States. In a little over a decade, Mr. Schlosser has been directly involved in the successful completion of over 300 self-storage transactions, totaling over four billion in dollar volume. Mr. Schlosser believes a legacy of building strong client relationships and a career dedicated to a specialized niche are the cornerstones to success allowing him and his team to deliver unmatched advisory services. Through helping his…

One Stop Self Storage Expands its Reach to a New Convenient Location in Chicago, IL

One Stop Self Storage is excited to announce the grand opening of its newest facility at 1750 N Lawndale Ave, Chicago. With this expansion, One Stop Self Storage aims to meet the increasing demand for storage solutions in the vibrant city of Chicago. Located in the heart of Chicago, this new facility offers a wide range of storage options to cater to the diverse needs of the local community. Whether it’s decluttering, storing belongings during a move, or finding a secure place for extra inventory or business supplies, One Stop…

My Attic Self Storage Expands to a New Location in Toccoa, GA

My Attic Self Storage is pleased to announce the opening of its newest facility at 368 S Pond St, Toccoa, GA 30577. This expansion marks another milestone in providing reliable storage solutions to the residents and businesses of Toccoa and the surrounding areas. The newly established MyAttic Self Storage location in Toccoa offers a wide selection of storage unit sizes to accommodate various storage needs. Whether it’s for personal belongings, household items, or business inventory, the facility aims to provide convenient and accessible storage options for all customers. Located at…

Real Estate Investment Trust Hartman SPE is Converting into a Self-Storage Firm in Dallas, TX

A Houston-based investor that owns multiple Dallas-area office and retail properties has sought bankruptcy protection for its assets with more than $200 million in debt. Hartman SPE LLC has been selling off its office and retail properties to refocus the company on self-storage investments. In the Dallas area, the Hartman real estate investment trust owned 10 office buildings and three shopping centers at the start of 2023. Some of its high-profile holdings include the North Central Plaza tower and Gateway Tower on North Central Expressway in North Dallas. The real…

Safeguard Self Storage Planning to Start New Self Storage Construction in Smithtown, NY

Safeguard is very excited to bring our best-in-class self-storage product to the Smithtown community” “We look forward to breaking ground on this exciting new project.” – Stanley Bonilla, senior vice president of development for Safeguard Developers of a new self-storage facility in Smithtown are planning to start construction on the project this fall. Safeguard Self Storage is hoping to break ground in November for the construction of a three-story, 59,000-square-foot facility with 600 units on a 1.33-acre lot at 1036A West Jericho Turnpike. This will be the company’s first location…

Greystone Furnishes $14 Million CMBS Loan For a Self-Storage in Torrance, CA

Greystone has provided a $14,000,000 CMBS loan to refinance an 801-unit self-storage property, SOS Storage Center, in Torrance. The financing was originated by Anthony Cristi, managing director at Greystone. The first mortgage, provided at 59.6% loan-to-value, includes a 10-year term with interest-only payments. The property was originally constructed in 1992 as an office property. The sponsor converted it to a self-storage facility in 2008. It includes 801 self-storage units made up of predominantly standard and climate-controlled units, and also features vault storage and wine storage units, across a total of…

Recent Transactions: 9.12.2023 – 9.18.2023

Property: Long Beach Storage Center Location: Long Beach, CA Brokers and Brokerage: Andrew Sacks and Richard Riddle of SkyView Advisors Acreage: 1.03 acres NRSF: 22,625 Unit Count: 384 units Highlights: The site is near full capacity The site has room for expansion     Property: Terrace Storage Center Location: Tampa, FL Broker and Brokerage: Cameron Vale of Oakside Co. NRSF: 88,127 Unit Count: 1,210 units     Property: Class A Self Storage Facility (FreeUp Storage brand) Location: Kingsland, GA Buyer: Spartan Investment Group NRSF: 30,000 Unit Count: 333 units Highlights:…

StoreEase and Go Store It Announce Agreement to Implement StoreEase SaaS (Software-as-a-Service) Platform

Walking into a facility equipped with StoreEase’s technology was like stepping into the future of our industry,” said Beau Agnello Chief Operating Officer at Go Store It. “We’re not just following industry trends; we’re setting them. This isn’t a replacement for personalized service – it’s an upgrade.” StoreEase announces a strategic partnership with top operator Go Store It to implement its Virtual Technology Platform as a SaaS / white label solution. The initial rollout will consist of 11 properties in North Carolina and South Carolina. Go Store It will deploy…