Author: Shinil Krishnan

How to Finance a Self-Storage Investment

Financing is one of the most important considerations when acquiring a self-storage facility. Whether you’re purchasing your first property or expanding an existing portfolio, understanding the available financing options can help you structure a successful acquisition. One of the most common funding sources is a traditional bank loan. Banks often provide competitive interest rates and repayment terms for stabilized facilities with strong occupancy and cash flow. Investors with solid credit and a sufficient down payment are often able to secure favorable financing. For owner-operators, Small Business Administration (SBA) loans can…

Back To The Basics?

For many decades, self-storage was a remarkably simple business. The product was almost always the same: a single-story, drive-up facility on a piece of well-located land, built efficiently, operated leanly, and supported by a fixed-cost base that allowed operators to absorb economic cycles with minimal disruption. It was, in many ways, a beautiful business model. Low overhead, sticky tenants, modest reinvestment requirements, and steady cash flow. The asset class earned its reputation as one of the most durable in commercial real estate precisely because it kept things simple. That simplicity…

Weekly Self Storage Transaction Roundup: 6/17/26 – 6/22/26

This week’s self-storage activity covered eight properties across five states – Michigan, California, Texas, Arizona, and Florida – with deals ranging from a small rural facility in Texas to Extra Space Storage’s acquisition of an infill asset in one of the week’s highest-rate markets. In Sacramento, 9th & X Self Storage may be modest in size at 19,300 square feet, but its location tells the larger story: the market’s $1.97/SF walk-in average and $2.10/SF climate-controlled rate were the strongest among this week’s transactions, supporting the appeal of well-located West Coast…

$24M Construction Loan Clears Path for New Self-Storage Project in Wayne, NJ

Basis Industrial has secured a $24 million construction loan from NexBank and NexPoint to develop a 586-unit self-storage facility at 555 Hamburg Turnpike in Wayne, New Jersey. The 85,330-square-foot project is set to break ground in August, with completion expected in February 2028. The financing follows a three-year approval process, reflecting the regulatory complexity common to high-barrier suburban markets. The transaction points to sustained capital interest in supply-constrained submarkets where new self-storage development remains difficult to advance. Read the Full Article Source: Real Estate NJ

New Self-Storage Facility Opens With Climate Control and RV Parking in Port Richey, Florida

A new self-storage facility has opened on Ridge Road in Port Richey, Florida, offering climate-controlled indoor units across three floors alongside paved outdoor parking for boats, RVs, and trailers. The facility enters a Gulf Coast market where seasonal activity, vehicle storage needs, and hurricane preparedness tend to sustain demand. The opening represents additional supply in a Florida coastal submarket and points to continued operator interest in regions where weather-driven storage patterns support consistent utilization. Read the Full Article Source: The National Law Review

Featured Broker: Kenneth H. Cox

Kenneth H. Cox serves as a Vice Chairman of Newmark and has more than 25 years of experience in the self-storage sector. He has a broad range of experience in the industry, including assignments with a publicly traded REIT as a principal and, most recently, in the brokerage arena. This experience has given Mr. Cox an in-depth and diverse perspective on the asset class; to date, Mr. Cox has led in excess of $8 billion in self-storage transactions. Contact: Kenneth Cox Vice Chairman, Newmark 901.302.4312 Kenneth.cox@nmrk.com

U-Haul Opens New Moving and Storage Facility in South Haven, Michigan

U-Haul has opened a new facility at 72710 Light House Blvd in South Haven, Michigan, offering self-storage alongside truck rentals, trailers, and moving supplies. The storage component includes climate-controlled units, indoor options, and electronic access controls. The opening is consistent with U-Haul’s broader approach of combining moving and storage services in smaller regional markets, a format that differentiates the brand from operators focused solely on self-storage. Read the Full Article Source: PMG (Paxton Media Group)

SecureSpace Opens First Long Island Location in Deer Park, NY

SecureSpace Self Storage has opened its first Long Island location at 999 Long Island Ave in Deer Park, NY, bringing the brand’s total New York City metro presence to 11 facilities. The three-story, climate-controlled building spans 49,875 square feet across 537 units and is currently undergoing renovations that include AI-enabled security upgrades. The opening adds to a pattern of self-storage operators targeting dense suburban markets on the edges of major metros, where population density and limited space continue to support storage demand. Read the Full Article Source: PR Newswire (by…

10 Ways to Prevent Tenants from Living in Your Self-Storage Facility

Self-storage facilities are designed to store belongings—not serve as housing. However, operators occasionally encounter situations where tenants attempt to use storage units as living spaces. Beyond violating lease agreements, this practice can create serious safety, legal, insurance, and liability concerns for facility owners. Living in a storage unit can increase the risk of fire, property damage, criminal activity, health hazards, and injuries, all of which can expose owners to significant risk. Fortunately, there are several proactive steps operators can take to discourage unauthorized occupancy and maintain a safe, professional facility.…

Town Council Approves Self-Storage Expansion on Broad River Road in Irmo, South Carolina

Irmo, South Carolina’s town council voted 3-2 to approve a zoning change permitting a 42,000-square-foot self-storage expansion at 7949 Broad River Road, an existing PrimeSpace Storage site. The project repurposes vacant commercial space, and approval came with conditions requiring landscaping and facade improvements. The decision ran counter to zoning restrictions the town adopted in 2023, limiting new storage development to light manufacturing areas. The case reflects a recurring dynamic in suburban markets where operators seek to expand into commercial corridors amid continued community and regulatory resistance. Read the Full Article…