Day: September 16, 2026

Basis Industrial Secures $24M Loan for Self-Storage Project in Wayne, New Jersey

Basis Industrial has closed a $24 million construction loan from NexBank and NexPoint for a self-storage development at 555 Hamburg Turnpike in Wayne, New Jersey. The facility will contain 586 climate-controlled units across 85,330 net rentable square feet and will be managed by Extra Space Storage upon completion. Construction is underway with an early 2028 delivery target. The project is part of Basis Industrial’s ongoing Northeast expansion and continues the company’s pattern of pairing new development with established third-party operators. Read the Full Article Source: RE Business Online

How to Prepare a Self-Storage Facility for Sale

Selling a self-storage facility involves more than placing the property on the market and waiting for offers. The work an owner completes before listing can influence buyer confidence, due diligence, negotiations, and ultimately the property’s marketability. A well-prepared facility allows buyers to quickly understand the opportunity and reduces uncertainty during the transaction. Here are six areas owners should address before bringing a self-storage property to market. 1. Address Deferred Maintenance Start by walking the property from a buyer’s perspective. Look for damaged doors, roof issues, broken gates, potholes, malfunctioning lights,…

Weekly Self Storage Transaction Roundup: 9/08/26 – 9/12/26

Previous week’s transactions reflect three investment angles: regional portfolio scale, value-add potential, and a newer Class A product. Six properties traded as a portfolio around Tupelo, Mississippi, spanning markedly different local conditions. The heavily supplied Tupelo market has 21.09 SF/capita and average advertised walk-in rates of $1.31/SF. In contrast, the smaller markets of Baldwyn, Mooreville, and Guntown have far less supply, lower rates, and little gap between online and walk-in pricing. The portfolio brings these contrasting trade areas together in a single transaction. Amarillo presents a direct value-add opportunity: the…