Public Storage purchased a portfolio of three self-storage properties spanning 3,596 units in the New York City and Boston areas. The properties were developed in 2018 and 2019 by the seller, Banner Real Estate Group. The facilities are located at: 5002 2nd Ave. in Brooklyn, NY 479 5th Ave. in New Rochelle, NY 490 Eastern…
While it remains to be seen how the coronavirus pandemic will affect the self-storage industry in the long run, in the short-term many markets across the country are seeing a surge in demand. As colleges and universities shut down across the country in cities like Boston and Ithaca, they are forcing students to move out…
Guardian Storage Centers purchased a recently developed self-storage facility in Anthem, AZ for $18.2 million. The facility, located at 39998 North Gavilan Peak Parkway is part of a master-planned community. The facility spans about 96,000 square feet. Cushman & Wakefield advisors Brian Fulton, Michael Mele, and Devin Beasley represented the seller, a partnership between the…
The gaggle of bidders used to stand shoulder to shoulder in narrow corridors to catch a glimpse of the goods stored inside, now they wait their turn in line standing six to eight feet from each other. Like all things, the coronavirus pandemic is changing the world of self-storage auctions. “The protocol now is a…
AKA Partners, a Murray, UT-based real estate company, purchased the Storage Depot in West Memphis, AR for $8,875,000. The buyer has plans to expand the facility on the adjacent 3-acre parcel. The seller was DSB of West Memphis, a partnership of David Reagler, Scott Ferguson and LaRand Thomas. Larry Goldman of RE/MAX Commercial and a…
Updated 3/7/2020 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’d like to share or have a question about data on this page, please email editor@sparefoot.com. Self-storage sector snapshot Average monthly…
GFN Miramar LLC, an entity of Boca Raton-based Kayne Anderson Capital Advisors purchased a newly built, 111,000-square-foot self-storage facility at 14900 SW 30th Street in Miramar, FL for $14.8 million. The deal was financed by a $7.77 million loan from PNC Bank. The facility was built and sold by an affiliate of Columbia, SC-based Taylor/Theus…
A massive purchase price has emerged for a self-storage facility sold in January. Texas-based Baranof Holdings, in partnership with Invesco Real Estate, purchase Storage by George! in Napa, CA for $40.5 million, according to the Napa Valley Register. The property was developed over the course of 20 years by George Cohen, who recently decided to…
Charmel Storage Capital, a Los Angeles-based boutique commercial real estate brokerage firm focused exclusively on the self storage product type, recently arranged the sale of two U.S. self-storage facilities to Merit Hill Capital. The firm represented the seller of Conyers Self Storage in Conyers, GA. The facility offers 59,253 square feet of storage unit space…
Occidental Capital Holdings purchased a mixed-use commercial property in Vail, AZ that includes a 46,005-square-foot self-storage facility, Vail Self Storage. The property also includes Old Vail Station, a 26,5630 square-foot retail and office center. The entire asset was sold for $8.2 million by Old Vail Station LLC. (Source: REBusiness) The Storage Acquisition Group reports the…
