Category: Self Storage News

Former Entertainment Venue Repurposed as a Self Storage Facility in South Philadelphia, Pennsylvania

Show & Tel, an adult entertainment club in South Philadelphia that had been open since the 1990s, has been closed and will soon be repurposed as a self storage facility. The 32,000-square-foot property was sold for $2.3 million and will be redeveloped as a storage facility and office space. The property was listed for $3.5 million about two years ago, but the asking price was later reduced to attract a buyer. It certainly helped. “We had a lot of action on this one. There was a lot of interest,” said…

Perfect Moving Brings Pickup-and-Delivery Storage to Westchester County, New York

Perfect Storage has expanded its full-service storage solutions into Westchester County, giving residents a simpler way to store belongings without the inconvenience of traditional storage units. Unlike self-storage, the company’s full-service model handles every step of the process, from pickup and inventory to secure storage and scheduled delivery. Customers can store items short-term or long-term without lifting heavy boxes or driving to a facility. The expansion is backed by Perfect Moving & Storage’s perfect 5.0-star rating based on more than 3,500 customer reviews, earned through consistent service and transparent communication.…

Marcus & Millichap Capital Corp. Arranges Financing for Two Self-Storage Properties in Florida City, Florida and Hiram, Georgia

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $12 million in financing for two self-storage properties located in Florida City, Florida and Hiram, Georgia. The properties are both operated by Compass Self Storage and total 133,150 square feet. Doug Brooks, managing director in MMCC’s Columbus office, secured 5-year financing with a national investment firm on behalf of a construction, development and management company specializing in self-storage projects and business parks. “The self-storage sector remains resilient, with sustained investor interest driven…

Inside the Top 5% of Buyers: How They’re Actually Winning Deals Right Now

Everyone wants to be considered a top buyer in today’s market, but very few consistently operate at that level. The distinction is not driven by access to better deals or superior intelligence. Instead, it comes down to execution. The most successful buyers separate themselves through discipline, preparedness, and the ability to move decisively when opportunities present themselves. Speed remains one of the most critical advantages in competitive transactions. The most effective buyers respond quickly, turn comments on letters of intent without delay, and are willing to submit offers before every…

“The Real Cost of Waiting: Why ‘Hope’ Isn’t a Strategy in Self-Storage”

If you’ve been telling yourself the market will bounce back before you sell, you’re not alone. Many self-storage owners made that call in 2023. Others doubled down in 2024. Now, well into 2026, a large portion of the market is still sitting on the sidelines waiting for conditions to improve. The issue is not patience. The issue is misunderstanding what that patience is actually costing you in real time. Values have pulled back roughly 10 to 15% from peak levels depending on the asset and market. In some markets where…

JLL Secures Financing for Extra Space Self-Storage Project in Somerset County – Hillsborough, New Jersey

A project to add a 709-unit self-storage development along Route 206 in Hillsborough has secured construction financing. JLL Capital Markets announced April 20 arranging the five-year construction and bridge loan for Extra Space Hillsborough on behalf of Provident Bank. The team worked for the borrower, Shadowbrook Capital. Additional terms were not disclosed. The transaction marks the latest from JLL’s capital solutions team in the local self-storage market. It builds on funding for two other New Jersey projects announced this year — both also secured through local lenders. In Hillsborough, the…

SurePoint Begins Development of a New Self-Storage Facility in Woodlands Township, Texas

Clint Wynn, Robert Loeb, Jeff Bailey, and Brian Cisarik of SurePoint Development are pleased to announce that they have begun construction on their latest Houston-area development in The Woodlands Town Center. SurePoint’s tenth project in the Houston area will be located in the heart of The Woodlands, the master-planned community developed by award-winning Howard Hughes Holdings Inc. The Class-A facility will be situated near the intersection of Six Pines Drive and Lake Front Circle and will offer 90,000 rentable square feet of climate-controlled space. Additionally, SurePoint has two projects currently…

JLL Arranges Financing for Self-Storage Facility in Hillsborough, New Jersey

JLL Capital Markets arranged construction financing for Extra Space Hillsborough, a 709-unit, 105,663-square-foot self-storage development to be built at 35 Bedle St. in Hillsborough, Somerset County, NJ. A JLL team of Michael Klein, Nazario Paragano and Michael Donohoe worked on behalf of the borrower, Shadowbrook Capital, to secure the five-year construction and bridge loan through Provident Bank. Terms were not disclosed. “Shadowbrook Capital presented a compelling opportunity by identifying a clear need for high-quality self-storage in this underserved market,” said Paragano. “The combination of a premier sponsor, a strategic location with…

Stark Moving and Storage Strengthens its Presence with New Downtown Location and Enhanced Local Moving Fleet in Boston, Massachusetts

Stark Moving and Storage, a full-service moving and self-storage provider, announced the expansion of its Boston operations with a new downtown location and an enhanced fleet dedicated to local moves throughout the metro area. The new downtown hub is designed to shorten response times, increase scheduling flexibility and improve access for customers in central Boston neighborhoods, including those in high-rise residential buildings and dense commercial corridors. With this expansion, Stark Moving and Storage is positioning itself to better serve customers seeking a moving company in boston that combines local knowledge…

Mini Storage On Wheels Brings Affordable Portable Storage Solutions to Napa and Sonoma Counties, California

Mini Storage On Wheels is proud to bring its convenient and affordable 8ft x 16ft portable storage units to homeowners and businesses throughout Napa and Sonoma Counties. As a locally owned and operated business rooted in the community, Mini Storage On Wheels is committed to making moving and storage easier, more flexible, and less stressful for local residents. Designed with convenience in mind, Mini Storage On Wheels offers a simple alternative to traditional moving companies and self-storage facilities. Portable storage units are delivered directly to a customer’s home or business,…