Category: Self Storage News

North Lebanon Township’s Board of Supervisors has unanimously approved a six-building self-storage development on Suzy Street in Pennsylvania. The roughly six-acre industrial site will include four drive-up storage buildings, one smaller building, and one climate-controlled structure. Five waivers were granted covering sidewalks, curbing, outlet pipe size, a flow splitter requirement, and plan submission. The site has a single access point and 15 parking spaces. The approval is consistent with a broader pattern of storage projects advancing on industrial-zoned land in smaller municipalities. Read the Full Article Source: Lebtown

La Soto Business Park & Self Storage in Lancaster, Texas, has rebranded as Dallas Secure Storage and Warehouse. The facility at 1920 I-35E continues to offer drive-up units alongside climate-controlled storage, warehouse space for business tenants, and vehicle, boat, and RV storage. The new name reflects a repositioning toward security and commercial use as primary identifiers. Featured amenities include on-site security staff, 24-hour surveillance, and gated access. The rebrand is an example of independent operators redefining their market positioning to attract a broader mix of residential and commercial tenants. Read…

SibCo Ltd. in Beavercreek, Ohio has expanded from one building in 2004 to a 20-building, 210,000-square-foot storage operation at 620 Phillips Drive, with a $1.5 million expansion currently planned to add two 12,000-square-foot small bay buildings. The facility includes self-storage, deluxe units, and open parking garages. Revenue grew 150% between 2018 and 2026. The operation is managed through a fee arrangement with an affiliated company and carries no direct employees, reflecting a lean operating model common among independent storage owners. Read the Full Article Source: Dayton Business Journal

Spartan Investment Group has opened a FreeUp Storage facility in North Bellingham, Washington, its tenth property in the Pacific Northwest. The 3.8-acre development includes eight single-story buildings with 541 units and 76,600 square feet of rentable space, offering heated and standard storage options. Spartan Construction built the property. Bellingham is projected to add approximately 16,500 residential units by 2036, providing the demand context for the new supply in the market. Read the Full Article Source: EIN Presswire

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

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

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 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