Category: Self Storage News

Self-Storage Sales Jump 62% in the Third Quarter

Deal activity surges as investors target high-barrier markets in New York, Las Vegas and Atlanta Transaction volume in the U.S. self-storage sector surged in the third quarter of 2025, reaching nearly $1.6 billion. That is a 62% increase compared to the same period last year, as investor confidence rebounded following a period of caution. A total of 266 facilities changed hands between July and September, up from 201 in the third quarter of 2024, according to a report released this month by StorageCafe. The data indicates that while private and…

McCall to Float Commercial Storage Ban, Citing Recent Compatibility Problems

A proposed ban on building storage units in McCall will go before the McCall Area Planning and Zoning Commission next week. The P&Z is set to review a slate of proposed updates to city code, most of which are tied to Valley County taking over administration of the McCall Impact Area on Jan. 1. A public hearing on the changes will be held at 4:30 p.m. on Monday, Dec. 8, in the McCall Public Library Community Room. Remote participation instructions are available here. The changes include banning commercial storage complexes…

Integration Between KISS and Cubby Brings Cloud Access Control to Legacy Gate Systems

The new integration makes it easy for operators to move to cloud based access control without replacing existing hardware. Keep It Simple Storage (KISS), the creator of the battery free, NFC powered smart lock ONELock, today announced its official integration with Cubby, one of the fastest growing facility management systems in self storage. With Cubby’s intuitive management platform and KISS’s ONELock technology working together, operators can now fully automate move-ins, access, and overlocking, eliminating manual steps and giving both managers and tenants a seamless digital experience. KISS, best known for…

Basis Industrial Receives Construction Loan for Self-Storage Project in Long Island, New York

Florida-based development and investment firm Basis Industrial has received a $27 million construction loan for a self-storage project that will be located in the Long Island community of Rockville Centre. Public Storage will operate the facility, which will comprise 121,500 gross square feet of space across 957 units. NexBank is the senior lender on the project, and NexPoint is the mezzanine lender. Construction is underway and is expected to be complete in early 2027. Source

Blue Vista Capital Management, LLC Announces Collaboration to Create a $600 Million National Self-Storage Platform

Blue Vista Capital Management, LLC (“Blue Vista”), in collaboration with UBS’s Unified Global Alternatives – Real Estate (UGA RE) business and Extra Space Storage (“EXR”), today announced the formation of a strategic collaboration to invest in self-storage assets in the U.S., which will have approximately $600 million in buying power to build a diversified self-storage portfolio. The strategy is to identify core/core-plus, value-add, and development opportunities across the U.S., with the goal of creating a portfolio of self-storage assets designed for a perpetual life investment vehicle. EXR will manage all…

DECA Scores $45 Million Construction Loan for a Self-Storage Development in San Francisco, California

DECA Companies secured critical financing for a self-storage construction project from Affinius Capital and Axonic Capital. The $45.2 million debt will fund construction of a 1,600-unit Extra Space self-storage development at 2270 McKinnon Avenue, Commercial Observer reported. Talonvest Capital’s Kim Bishop arranged the deal. The development will span 175,000 square feet across five stories. The ground floor will have light industrial space, while the top four stories will have self-storage. National self-storage company Extra Space will manage the property. The project, in San Francisco’s Produce Market neighborhood, is one of…

Self-Storage Facility Granted Permission in Sherman, New York

The Sherman Municipal Zoning Board conducted a public hearing about a proposed storage facility on Osborne Street near Interstate 86 at their meeting this month. The proposed construction would consist of two metal buildings, which would house approximately 75 self-storage units. Micah Meredith, who plans to build the storage facility, presented plans for two 30-by-160-foot metal buildings. Sherman Mayor Colleen Meeder read the drafted minutes of the Sept. 22 Planning Board meeting, which detailed the board’s discussion of the proposed storage facility, their recommendations, and their referral to the Municipal…

Self-Storage Facility Coming Soon to Universal City, Texas

A self-storage facility named Oak Grove Storage is currently under construction at 2030 Pat Booker Road in Universal City. What you need to know The 578-unit, climate-controlled storage facility is being developed by Capco General Contracting. Construction began in May and is anticipated to be completed in summer 2026. Oak Grove Storage will be adjacent to The Grand at Oak Grove Apartments, said Michael Cassata, Universal City’s development services and economic development corporation director, in an email to Community Impact. The Grand at Oak Grove Apartments is a 268-unit multifamily…

$5 Million Self-Storage Building Proposed for Yonkers, New York

The entity CS Bright Place Yonkers LLC is proposing to build a six story self-storage building to be operated as a CubeSmart facility at 12 Bright Place in Yonkers. The estimated cost of the project shown in a document filed with the city is $5,075,000. According to Attorney Maximillian R. Mahalek of the White Plains-based law firm Cuddy & Feder, the site for the proposed building is a 0.70-acre lot along the south side of Bright Place and the east side of School Street. Bright Place becomes School Street. The…