Author: Shinil Krishnan

Go Store It, an affiliate of Madison Capital Group, has opened a 120,033-square-foot self storage facility in Jacksonville, Fla. The project was subject to an $8.5 million construction loan in 2022, provided by Susser Bank, with a maturity date set for 2027. The newly built facility is a three-story building that offers 775 climate-controlled units, ranging between 25 and 350 square feet. The property features drive-under loading for covered loading and drive-up units on the first floor. Amenities include 24-hour video surveillance, electronic building access, security fencing and lighting, moving…

SLI Capital CEO Bryan Kane and Madison Capital CEO Ryan Hanks announced today that their firms have purchased a controlling interest in Green Space, a self-storage company with an innovative proprietary concept that constructs self-storage facilities out of stacked shipping containers. Green Space is a real estate development and construction company providing cost-reducing self-storage solutions with an emphasis on environmental conservation. Founded in 2015, Green Space holds US and European patents for its groundbreaking technology used to build multi-story, self-storage facilities out of shipping containers. The company’s designs result in…

A self-storage facility near the eastern end of Route 37 in Toms River has received approval to expand. The township’s planning board approved a plan by Extra Space Storage, Inc. to expand their facility at 3200 Route 37 West, located just east of the turn-off onto Fischer Boulevard. The approval, memorialized late last month, permits the Extra Space to construct a new, three-story mini warehouse self-storage building of 39,050 square feet to be used in conjunction with the existing Extra Space Storage warehouse operation on the property, along with associated…

The recent acquisition of 9.89 acres at 1900 N. Beeline Hwy. will pave the way for Payson’s first U-Haul® self-storage, retail and moving facility. U-Haul Moving & Storage of Payson is scheduled for completion by 2026. Plans call for the creation of an attractive three-story self-storage building encompassing more than 80,000 square feet. The store will offer more than 600 indoor, ADA-accessible self-storage units with climate-control options at affordable price points. U-Haul also plans to construct a separate secure warehouse for its portable storage containers. “This will be our first…

A new U-Haul® self-storage, retail and moving center is coming to San Antonio thanks to the recent 11-acre land acquisition at 7616 NW Loop 410. The target completion date for U-Haul Moving & Storage of Ingram Park is early 2026. U-Haul acquired the property on Jan. 23. The facility will include a three-story building with more than 750 indoor climate-controlled self-storage rooms with high-end security features at affordable price points. Customers will also have access to truck and trailer rentals, boxes and moving supplies, towing equipment and professional hitch installation,…

DXD Capital has completed a 71,335-rentable-square-foot self-storage facility in Lithia Springs, Ga. The property is being managed by Public Storage. DXD Capital purchased the property in June 2022 through its first fund, DXD Self Storage Fund I, which closed in November 2021 at $63 million of committed capital. The project was also subject to a $12.2 million construction loan, provided by Century Bank of Georgia. Construction on the Class A facility began in March 2023, with Valston serving as the project’s general contractor. The three-story building has two on-grade levels,…

A potential self-storage facility to be built on just over 4 acres of land along Loxahatchee Road took another step forward at this week’s City Commission meetings in Parkland. The Parkland City Commission voted unanimously to amend the Future Land Use Map to Commercial, which would potentially allow the 4.35 acres to be rezoned to Self-Storage. The building would be a 3-story, approximately 150,000-square-foot facility. The proposal comes from Parkland Storage, LLC, and the land is located at 7700 Loxahatchee Road. Source

Avison Young finalized the $2.68-million sale of a 1.41-acre industrial outdoor storage (IOS) property that will be redeveloped as an approximately 90,000-square-foot self-storage facility. Located at 943 N. Marianna Ave. in Los Angeles, the site is just east of downtown Los Angeles and provides immediate access to the 10, 710, and 60 freeways. Principal Patrick Barnes and senior associate Paul Clark represented the seller, a family trust. The buyer, Los Angeles-based Cypress Equity Investments, represented itself. “Our team focused our marketing strategy and outreach to the self-storage industry as we…