Category: Self Storage News

Marcus & Millichap Capital Arranges $7.9 Million Financing For a Self-Storage Property in Hamilton, Ohio

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $7.9 million in financing for a 928-unit, 122,620-square-foot self-storage property located at 1861 Dixie Highway in Hamilton, Ohio. Doug Brooks, managing director in MMCC’s Columbus office, secured the financing with a national bank on behalf of a private client. “This was a cash-out transaction for a repeat client,” said Brooks. “The process unfolded smoothly, and we were pleased to support the client with a full-term, interest-only structure that met their goals.” Terms…

StateStreet Group, LLC (SSG) Announces Grand Opening of its Newest StowAway Self Storage Facility in Jackson, MS

StateStreet Group, LLC (SSG) is pleased to announce the grand opening of its newest StowAway Self Storage facility in Jackson, near the north Fondren neighborhood. Located at 5330 N. State Street, the facility delivers more than 34,000 square feet of premier storage space with over 250 units, designed to meet a wide range of residential and commercial storage needs. “We’re excited to introduce our latest facility in this community, offering the convenience and flexibility our StowAway customers expect,” said SSG President Justin Peterson. StowAway Fondren is a modern, fully fenced…

Inland, Devon Completes Self-Storage Adaptive Reuse Project in St. Louis, Missouri

Inland Real Estate Investment Corp. and Devon Self Storage have completed an 80,217-square-foot self-storage facility with 797 units in St. Louis. The project at 4222 Union Blvd. involved the conversion of a warehouse into a climate-controlled self-storage property. The three-story facility features a 24-hour security system and is situated near I-70. Approximately 75 per cent of St. Louis’ self-storage inventory is comprised of converted properties from prior uses, according to Inland, which maintains a self-storage portfolio of more than $1.8 billion in assets under management. Devon currently manages 190 properties…

Self Storage Opens with Professional Management in Monroe, Georgia

Local owners of Self Storage Monroe proudly announce the acquisition of the self-storage facility at 1110 North Broad Street, Monroe, Georgia 30656. This facility, being managed by Absolute Storage Management (Absolute), features 647 units totaling 89,525 rentable square feet. It offers safe and secure climate-controlled, non-climate-controlled, and parking unit options to the local communities of Carolina Bold Springs, Walnut Grove, and Bold Springs. Monroe OZ Partners LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of…

Marcus & Millichap Releases Midyear 2025 Southeast Florida Self-Storage Investment Outlook Report

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has published its midyear 2025 Southeast Florida Self-Storage Investment Outlook. “Southeast Florida’s self-storage sector continues to benefit from robust in-migration and resilient demand, even as the pace of growth moderates,” said Harrison Rein, vice president / regional manager of Marcus & Millichap’s Fort Lauderdale office. “Vacancy remains below pre-pandemic levels, and despite elevated construction, pricing power is supported by tight housing conditions and population expansion.” Marcus & Millichap’s Midyear…

Precision Global Corporation Partners with CubeSmart to Manage Four Strategic Storage Facilities Across Texas

CubeSmart (CUBE, Financial) partners with Precision Global Corporation to manage four storage facilities in Texas The partnership adds a modest 0.3% to CubeSmart’s existing portfolio of over 1,300 properties This venture aligns with Precision Global’s strategy to expand its national self-storage portfolio CubeSmart (CUBE), the third-largest self-storage operator in the United States, has entered a partnership with Precision Global Corporation (PGC) to oversee the management of four key storage facilities in Texas. This collaboration, effective July 25, 2025, represents a strategic expansion for both companies, focusing on enhancing customer experience…

A New Self-Storage Granted Access to Chino Utilities in Chino Hills, CA

A developer proposing a self-storage facility in Chino Hills has received approval from the City of Chino to connect to its water and sewer system. The William Warren Group is planning to build a four-story 62,950-square-foot facility with 741 storage units on the southeast corner of Chino Hills Parkway and Monte Vista Avenue. The project will be built on the east side of Monte Vista, directly across the street from the Rancho Monte Vista Mobile Home Park. The Chino City Council on July 15 approved the developer’s request to connect…

Planning Committee Approves Concept Plan For Goddard Self Storage Facility in St. Mary’s, MD

At the June 14 meeting of the St. Mary’s County Planning Commission, members reviewed and approved the concept site plan for the proposed Goddard Self Storage facility. The project, described as a “quiet use” with “low impact” traffic, aims to provide storage space to meet a perceived local need. The self-storage facility will be located at 24175 Point Lookout Road in Leonardtown and will occupy a space of approximately 111,400 square feet. Planning committee members highlighted that the site, zoned appropriately, will maintain existing natural buffers including a wooded area…

Broadstreet Global Announced Major Expansion of its Self-Storage Investments Across the Southeast

Private equity firm Broadstreet Global has announced a significant expansion of its self-storage investment platform, unveiling plans to develop more than 25 state-of-the-art facilities across high-growth Southeastern U.S. markets. With 15 projects currently underway and over 8,100 units in the pipeline, the firm is doubling down on what it sees as a compelling real estate opportunity driven by demographic and housing trends. Headquartered in Greenville, SC, Broadstreet is aligning its self-storage growth with its broader strategy of co-locating facilities near its infrastructure and residential developments to capitalize on regional population…

Garrett Development, Willmeng Break Ground on Self-Storage Facility in Peoria, AZ

Garrett Development Corp. (GDC), with Willmeng Construction as general contractor, has broken ground on a 110,136-square-foot self-storage facility at 24027 N. Lake Pleasant Parkway in Peoria. Designed by RKAA Architects, the facility will feature 1,129 square feet of office space, 53,939 square feet of storage on the first floor and 55,068 square feet of storage on the basement level. Construction is slated for completion in June 2026, with the facility scheduled to open by the third quarter of 2026. Source