Category: Sponsored

Yes, you can, on the perfect site if there are no tough zoning or design requirements! How do I know? I just did this sketch on a piece of scrap paper. To get to 73,750 gross square feet (59,000 Net Rentable Square Feet) of single-story self-storage, I made several assumptions as follows: This means the site is flat so you do not need to area for grading to level the site. The parcel needs to be as square as possible so no wasted land. In this case 410’ by 425’…

Safeguard Self Storage is pleased to announce the successful completion of a significant parking expansion project at its Seffner location. The expansion, part of Safeguard’s commitment to meeting the evolving storage needs of the community, added 53 new parking spaces, enhancing the facility’s capacity, and offering convenient options for residents in Seffner and the surrounding areas. Situated at 1615 South Kingsway Road in Seffner, Florida, the Seffner Safeguard Phase II now features an impressive total of 26,400 net rentable square feet dedicated to parking, offering various sizes, including 12.5 x…

There’s a revolution taking place all over the world – a smart revolution. We are increasingly using smart devices for everything from food shopping to job interviews to following our favorite sports teams. And nowhere is this revolution more obvious than in the world of self-storage. Smart access is changing the way owner-operators do business, it’s overhauling the tenant experience, and it’s revolutionizing the entire self-storage industry, creating many more opportunities for increased revenue. Smart solutions utilize cutting-edge technology to create a self-storage experience that benefits both owner-operators as well…

Safeguard Self Storage is excited to announce the opening of its newest facility in the lively Ludlow section of Yonkers. Safeguard welcomed the public on October 25, 2023, showcasing its dedication to excellence and commitment to serving the Yonkers community and its neighbors. Ken Finlay, chief operating officer at Safeguard Self Storage, expressed his enthusiasm, “This is a beautiful facility that is truly extraordinary. It stands as a testament to our commitment to providing top-notch storage solutions to the communities we serve.” Stan Bonilla, senior vice president of development at…

For the last several months the industry has been abuzz about the uncertainty in the real estate markets. In this high-stakes game of musical chairs, NOW is the time to find a chair before the music stops, bringing to an end high real estate prices and available financing. This is the time for serious analysis of your personal objectives and options because the real estate and credit markets are likely to severely limit your options and outcomes. By most measures, the self-storage rental business is reasonably steady, but not as…

JLL Capital Markets led the financing efforts for 305 Wilson Avenue, a to-be-built, 1,332-unit self-storage facility in the Ironbound District of Newark, New Jersey” JLL Capital Markets announced that it has arranged $19 million in construction financing for 305 Wilson Avenue, a 1,332-unit self-storage development in Newark, New Jersey. JLL worked on behalf of the borrower, a joint venture between CrownPoint Group and Lamar Companies, to secure the construction loan through Provident Bank. 305 Wilson Avenue, which formerly housed an auto salvage facility, will be a newly constructed, six-story self-storage…

  Having a spooky yard this time of year is great. But a spooky self-storage facility, not so much. If the upkeep of your self-storage facility is giving you more tricks than treats, Janus R3> and the Nokē Smart Entry system have the solutions to transform your facility from underperforming to thriving.” Having a spooky yard this time of year is one of the things that makes the Halloween season so much fun. Having a spooky self-storage facility, however, is not something to aspire to. And we’re not talking 12-foot…

Price of Land? No! We have had multiple franchise owners find land for what I would consider half our price goal. We are seeing more and more lowball offers getting accepted. Even if you saved $500,000 on the land cost that is around $3,000 interest a month saved when financed. But certainly not enough to make or break a site. And certainly, no reason to pay less for an inferior location. Loan Interest rate? No! I built my first self storage in 2008 with an 8.5 percent interest rate. Was…

Janus International Group, Inc (NYSE: JBI) (“Janus”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced the complete backend migration of Nokē to Amazon Web Services, Inc. (AWS). This successful migration allows Nokē to continue to lead digital innovation by leveraging AWS’s leading industrial Internet of Things (IoT), artificial intelligence, and security capabilities. Running on AWS, Nokē has increased its availability and global reach, enabled real-time over-the-air device management, and improved the owner-operator and end-user experience through latency…

Storage Exchange announced the closing of three self-storage transactions in Q3 of 2023, comprising of over 218,000 NRSF. These properties are located in South Dakota and Texas. 1. Simply Stor-It: Located in Mitchell, SD, this property contains 109,410 rentable square feet, including 25,995 square feet of climate-controlled units. Caroline Holliday, Associate, & Hunter Molnar, Managing Director, for Storage Exchange, facilitated the sale on behalf of the seller. 2. All Around Storage: This 94,292 sq. ft. facility is located in Athens, TX and is well-leased at 100% physical occupancy. The seller…