StorageMart added two new self-storage properties to its portfolio, including one in its hometown of Columbia, MO. The facility is located at 1500 Creekwood Parkway. It covers 42,200 NRSF, holds 312 units and has car parking. The other facility is located in...
DXD Capital completed a 731-unit self-storage facility located in a Qualified Opportunity Zone in Daytona Beach, FL. The project has two single-store buildings with a total of 731 units totaling 63,650 NRSF at 2078 Old Kings Road. It will have 45 parking spaces for...
Updated 4/16/2024 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you would like to share or have a question about data on...
Spartan Investment Group, a Colorado-based real estate investment firm focusing on the self-storage sector, recently hired Melissa Robbins as vice president of marketing and Derrick Harris as vice president of operations for its national banner, FreeUp Storage....
Futura, in partnership with Linkvest Capital, completed Nona Cove Self Storage, a 90,000-rentable-square-foot-building in Orlando, FL. The four-story property is operated by Extra Space Storage Management. The facility also features 8,000 square feet of retail space...
Houston-based Lakewood Realty Investments LLC purchased Spartan Storage, a facility in Montgomery, Texas. The property features 64 units and a total of 19,998 square feet. The facility is located 43 miles from downtown Houston. Lakewood was represented by Versal,...
Diamond Point Development LLC partnered with Castle Hill Investors LLC to open CubeSmart Self Storage at 95 Mill Plain Road, Danbury, CT. The site has 105,000 square feet (including 75,100 rentable square feet and 737 units), located across the street from Caraluzzi’s...
LSC Development LLC completed a seven-story, 112,188-NRSF self-storage facility at 46 Greenwich St. in Hempstead, NY on Long Island. The ground-up construction offers 1,382 fully climate-controlled units and two loading bays. It also has large drive-up contractor...
U-Haul purchased two former Freedom Self Storage properties in Pueblo, CO, with one at 469 E. Spalding Ave. in Pueblo West and 827 Village Circle in Pueblo. The former now is called U-Haul Moving & Storage of Pueblo West and the latter is U-Haul Moving and Storage...
Dexter, MI may be getting its first self-storage facility inside city limits, comprised of 338 storage units plus three multi-tenant buildings. The city’s planning commission voted in favor of the project – called Superior Spaces - on March 4. Ryan Joss is owner and...
A proposal to convert a closed Regal Cinemas theater into a self-storage site and add a four-story apartment building, medical office and coffee shop will be heard on March 21 at the Branford (CT) Inland Wetlands & Watercourses Commission, which approved an...
Andover Properties purchased Storage King USA on Dec. 5. The latter is located at 13397 Camino Real in Niederwald, TX. It has 68,400 square feet of drive-up storage and covered RV spaces. Andover plans to expand the facility by 100,000 square feet. Source: Community...
Hearthfire Holdings has big plans for the self-storage property it recently purchased at 2817 N. Peoria Ave. in Tulsa, OK. The company, which owns 17 properties (plus two more under contract) in seven states, plans to nearly quadruple the Tulsa site’s size from the...
U-Haul plans to open a second location on the northwest side of Kokomo, IN in a $10 million deal. The new facility will have around 700 units spread across about 40,000 square feet. The building’s total square footage is about 75,000; a retail store, rest rooms, a...
Construction spending in the self-storage sector topped $6.9 billion in 2023 as developers moved through a development pipeline that expanded in the wake of the COVID-19 pandemic. Last year’s spending marked a 24% increase over 2022, which saw $5.6 billion spent...
Chicago-based investment firm Heitman obtained a 1,378-unit self-storage facility in Brooklyn for $46.9 million, more than double the price paid for the same property in 2017. The deal closed days prior to a planned auction of the property, to which Heitman was...
Hines announced it plans to deliver two new self-storage facilities this year in Texas. They are Custer Self-Storage in Frisco and Jupiter Self-Storage in Garland. The multilevel, climate-controlled facilities will expand Hines’ portfolio to 16 locations in the...
A Winston-Salem, NC group has purchased the former Inmar headquarters building off Coliseum Drive for $3.06 million, easing the way for the vacant office building to become a self-storage center with residential housing nearby. The property is at 2650 Pilgrim Court...
W.P. Carey is selling 78-facilities to U-Haul affiliates for a total of $465 million. The publicly traded REIT had previously leased the sites to U-Haul for the last 20 years. The portfolio spanned 69 cities in 24 states. The proceeds will boost W.P. Carey's...
The future of self-storage just got a little greener. Raleigh-based SLI Capital and Charlotte-based Madison Capital have joined forces to acquire a controlling interest in GreenSpace Self-Storage. The company, renowned for its pioneering approach to constructing...
It’s been an impressive run for self-storage-centric 10 Federal. The Raleigh, NC-based company has raised a total of $16 million in Q4, its fourth such offering. Overall the company, which has properties in 10 states, has garnered more than $96 million since its first...
StorSafe Self-Storage’s recent entry into third-party management is only part of the Skokie, Illinois-based firm’s aggressive plans for long-term expansion across the nation. Last month, StorSafe, owner of 29 facilities across the Midwest and Southeast, announced the...
DXD Capital, a self-storage private-equity investor, opened a new, three-story climate-controlled facility at 895 Thornton Road in the Atlanta suburb of Lithia Springs, GA. It has 703 storage units totaling 71,335 NRSF. Public...
Hearthfire entered the Oklahoma market by purchasing 2817 N. Peoria Ave. in Tulsa. The site has 22,900 square feet spread across 11 acres that is planned to expand to 86,000+ square feet and 800+ units, with both climate- and nonclimate-controlled units. Hearthfire...
1784 Holdings LLC secured a $53 million construction loan to develop a self-storage facility in Bethesda, MD. The Ardent Cos. provided the financing, which retires previous debt. The completed facility will offer 1,707 climate-controlled self-storage units across...
In a strategic move, Go Store It has appointed Evan Stephens as Chief Investment Officer (CIO). Announced on January 18, 2024, Stephens’ promotion is set to drive the company’s investment approach, focusing on disciplined deal evaluation and maximizing returns. A...
HPI Real Estate announced the opening of two new self-storage facilities in Florida. One store is at 830 S. River Road in Englewood (below) and has 77,500 rentable square feet across 82 units. The other store is at 5404 S. Williamson Blvd. in Port Orange and has...
DXD Capital, a New Mexico self-storage private equity firm, purchased the Hill & Homes Self-Storage portfolio in Colorado's western slope. The portfolio has 135,050 square feet across seven buildings, which house 922 units. Thomas Parsons, first vice president of...
Storage Units Capital, a self-storage real estate investment firm, announced the opening of a new property at 9000 W. Colonial Drive in the Orlando, FL, suburb of Ocoee. It sits on 3 acres, and it has 79,605 usable square feet and 766 units. There are three levels of...
The Inland Real Estate Group of Companies is buying a majority interest in U.S. self-storage operator Devon Self Storage Holdings. Devon, founded in 1988, manages 202 properties and about 109,000 units nationwide. It has owned, managed or developed more than 350...
Manhattan Mini Storage doesn’t just want a bigger bite of the Big Apple self-storage market. It’s now eyeing expansion into New Jersey too. Two years after its purchase by StorageMart, Manhattan Mini, a well-known self-storage operator on the island of Manhattan,...
Last year Extra Space Storage completed the biggest deal in self-storage history. This week, the company celebrated the accomplishment in front of a large audience. Led by CEO Joe Margolis, Extra Space officials rang the opening bell on January 9 at the New York Stock...
10 Federal, which operates a portfolio of remotely-managed self-storage facilities recently acquired two storage properties in Tennessee and Texas. The company also announced it surpassed $16 million in Q4 fundraising with its fourth self-storage offering. The company...
Diamond Point Development LLC, a Roswell, GA-based company, plans to build a 99,600-square-foot self-storage facility at 179 Turner St. in Auburn, ME. Construction costs are expected to top $5 million. The facility will provide 75,000-square-feet of net rentable space...
Blumenfeld Development Group of Syosset, NY, which is part of Long Island, paid $122 million for two self-storage properties in Flushing and Woodside, both in Queens. The company purchased the 159,000-square-foot 34-09 College Point Blvd. in western Flushing for $72...
Opponents spoke up Dec. 12 at the Henrico (VA) Board of Supervisors meeting regarding two proposed self-storage facilities. One proposal comes from the General Land Co. LLC to build a three-story self-service storage facility and retail strip at the southwest...
Trojan Storage, based in Redondo Beach, CA, has proposed a massive self-storage compound with nine apartments and two storage buildings. The company wants to build 227,000 square feet of self-storage, with a separate residential component, at 7528 Bellaire Ave. in...
Midcoast Properties Inc. announced the sale of Capstone Self Storage at 561 N. Pike East in Sumter, SC. An out-of-state buyer made the purchase. Midcoast’s Michael Morrison represented the seller. The facility sits on 2.1 acres and has 84 drive-up units spread across...
It’s not every day you see an oil-drilling company transform itself into a largely self-storage operation. But that’s exactly what California-based Ojai Oil, Inc. has effectively been doing over recent decades, having founded Golden State Storage in 1974 and grown its...
LSC Development LLC opened a new self-storage facility in Glenview, IL at 3701 W. Lake Ave. It’s on a 5.6-acre lot, south of Northshore Glenbrook Hospital and near Glenbrook South High School. The developer converted a pair of three-story, 1970s-style office buildings...
SecureSpace Self Storage purchased an existing self-storage property in Blue Bell, PA, which SecureSpace previously managed. SecureSpace Blue Bell is its name and it’s located in a Philadelphia suburb. The three-story facility at 1950 Skippack Pike offers 78,097...
Gelt Ventures announced the sale of South Pasadena Storage, a 677-unit self-storage facility in South Pasadena, CA for an undisclosed price to an institutional buyer. The six-building property includes 642 indoor storage units, 34 outdoor rental spaces, a live/work...
Real estate investment firms NitNeil Partners of Atlanta, GA and Seamless Capital in Austin, TX are partnering on another joint venture. The new project will be inside an Opportunity Zone at 853 Airport Blvd., north of the Cesar Chavez area in East Austin, TX. The...
Dallas, TX-based Rosewood Property Co. acquired three self-storage facilities in Vista, CA; Tempe, AZ and Las Vegas, NV. That brings the company’s total to 82 self-storage facilities nationwide. The Vista property, located at 1317 N. Melrose Drive, is a...
SecureSpace Self Storage opened a new self-storage facility in Manhattan, NY, to be called SecureSpace Manhattan. The newly built facility is at 424 E. 90th St. and has 88,630 square feet of 100% climate-controlled space. SecureSpace is based in Redondo Beach, CA....
Infused with an $11 million funding round last February, NYC-based self-storage startup Stuf has tripled the size of its real estate footprint over the last year. In a conversation with the SpareFoot Storage Beat, co-founder and CEO Katharine Lau said the company...
The Reybold Group, a full-service construction company based in Newark, DE has found an innovative approach to generating additional revenue at its marquee self-storage facility—providing soundproofed recording space to podcasters and bands. The company, primarily a...
Real estate developer Hunt Midwest is expanding its footprint in the Kansas City metro with a new 867-unit StorTropolis self-storage facility in Olathe, KS. The project, currently under construction at 601 N Millridge Street, will be the chain's sixth and largest...
Andover Properties, operator of the Storage King USA chain of self-storage facilities, has purchased Barefoot Mini Storage in Micco, FL for $6.85 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor. Nick Waller of CBRE said that they...
Recreational Storage Group is riding the Boat-RV storage wave that began a few years ago during the height of the COVID-19 pandemic. RSG, a New Jersey-based company led by industry veterans Erik Johnson and George Hristodoulou, recently announced that it has broken...
