Category: Featured Home Slider

West Coast Self-Storage Enters Southern Oregon With Three-Facility Management Deal

West Coast Self-Storage has assumed management of three Southern Oregon facilities owned by Mark and Maddy DiRienzo: Mistletoe Road Self Storage in Ashland, Pear Tree Lane Self Storage in Phoenix, and South Medford Self Storage in Medford. The properties total approximately 185,500 square feet and roughly 1,060 units, with unit types spanning drive-up, climate-controlled, heated, and vehicle storage. The arrangement brings a Rogue Valley independent portfolio under regional third-party management for the first time. Read the Full Article Source: PRLOG – Press Release Distribution

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…

U.S. Property Development Opens New Self-Storage Facility in Hamburg, New York

U.S. Property Development has opened a self-storage facility at 5661 Camp Road in Hamburg, New York, managed by CubeSmart. The 12-acre development includes approximately 77,000 square feet and 544 units spanning climate-controlled and drive-up configurations. The site was previously undeveloped. The project is one of several examples of private developers partnering with national third-party operators to bring new self-storage supply to suburban markets outside major metros. Read the Full Article Source: PR Newswire – by CISION

Featured Broker: Logan Foster

Logan Foster is an Associate on the Investment Sales Team at Versal, based in the Austin, Texas office. Specializing exclusively in self-storage, she has successfully facilitated the acquisition and disposition of assets for a range of clients, from private investors to publicly traded REITs, across most regions of the United States. Logan joined Versal as a licensed real estate professional in 2022 and has since developed substantial expertise in acquisitions and dispositions, self-storage evaluation and consulting services, and financial analysis. She values the relationships she has built within the industry…

Morningstar Properties Refinances Self-Storage Fund With $157M Facility

First Citizens Bank has provided $157 million in financing to Morningstar Properties to refinance Blue Doors Storage Fund IV, a private-equity vehicle operated by Morningstar affiliate Blue Doors Capital Management. The fund focuses on self-storage acquisitions and development in major metro and secondary markets across the U.S. Charlotte-based Morningstar Properties has developed and operated more than 250 self-storage projects totaling over 15 million square feet since its founding in 1981. The deal reflects ongoing institutional lending activity in the private self-storage sector. Read the Full Article Source: PR Newswire –…

Storelocal Storage Breaks Ground on New Facility in Sanger, California

Storelocal Storage has broken ground on a self-storage facility in Sanger, California, with construction expected to wrap up in April 2027. The development will span more than 92,000 square feet and include climate-controlled units, NOKE keyless access, and covered and uncovered parking. The project is locally owned and operated under the Storelocal brand, continuing the network’s pattern of adding independently owned facilities in smaller California markets. Read the Full Article Source: Fox26News

PSRS Arranges $6.3 Million Refinancing for Self-Storage Facility in Provo, Utah

PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo, Utah. The 130,510-square-foot property contains 725 units and was 65 percent occupied at the time of closing. The loan carries a 30-year amortization schedule and includes cash-out proceeds. William DeFanti of PSRS secured the financing for an undisclosed borrower. The transaction is one example of lenders extending capital to self-storage assets that have not yet reached stabilized occupancy. Read the Full Article Source: REBusiness Online

Great American Self Storage Opens New Facility in Ocala, Florida

Great American Self Storage has opened a facility at 9190 SW State Road 200 in Ocala, Florida, developed with RSG Development. The property features climate-controlled drive-up units, Bluetooth smart locks, 24-hour camera monitoring, and trailer parking. A dedicated tack storage option is available for equestrian equipment, reflecting Ocala’s identity as a major horse industry hub. The combination of drive-up access and climate control in a humid Florida market is the facility’s primary design distinction. Read the Full Article Source: EIN Presswire