Category: Self Storage News

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

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

Atlanta-based SAFStor has purchased 5.75 acres in Glenwood, Oregon, for $1.43 million, according to a Lane County deed recorded September 2. The company has secured an $11.4 million construction line of credit against the property, though no specific development plans have been filed or announced. The Glenwood site would be SAFStor’s first Oregon location within a portfolio of roughly 80 projects nationwide. Several self-storage facilities already operate nearby on Franklin Boulevard in the Eugene-Springfield area. Read the Full Article Source: LookOut (Eugene – Springfield)