Dahn Corporation purchased a portfolio of two facilities from Flordia Acorn Mini Storage for $20.25 million. Located at 1595 Port Malabar Boulevard in Palm Bay, FL and 3546 W. New Haven Avenue in Melbourne, FL, the facilities will be rebranded and managed by Mini U Storage. The facilities span 46,942 square feet (Palm Bay) and 108,155 square feet…
As editor of the SpareFoot Storage Beat, I’d like to take a quick moment to share some exciting news from SpareFoot. Every year, Inside Self Storage hosts a Best of Business contest for the best vendors in the storage industry. We’re humbled and excited to say that SpareFoot has won Best Online Directory six consecutive…
A proposed CubeSmart facility in the Humboldt Park section of Chicago, IL is set to replace the shuttered Playskool Manufacturing Company facility at 1750 N. Lawndale Avenue. The former factory churned out Lincoln Logs from the 1940s through the 1960s. Northbrook, IL-based developer Martin Taradejna leads the entity that bought the site recently for $2.2…
Venture capital continues to show its faith in the emerging on-demand storage market, with a group of investors recently making the largest investment in the space to date. On-demand storage provided Clutter announced today that it closed on a $64 million Series C round led by Atomico, which was joined by new investors GV (previously Google…
Dean Keller of Laguna, CA-based Bancap Self Storage Group recently brokered the sale of A-1 Sierra Storage at 17175 Sierra Highway in Santa Clarita, CA for $2 million. The 37,000-square-foot, single-story facility features 400 units. The facility has been family-owned since it opened in 1982. The buyer was a newly formed LLC operating under the name…
A pair of Silicon Valley entrepreneurs, recently from Uber and Facebook, are the latest to jump into the expanding full-service storage industry with the launch of Trove, a new company that allows customers to schedule pick up, storage and delivery of their belongings via an app. The company publicly launched last month in San Francisco…
Seattle-based West Cost Self Storage has proposed the construction of a four-story self-storage facility at 3251 Harbor Avenue SW in Seattle. An existing building will be demolished to make way for the 600 to 650-unit complex. The project is pending design review and building permits, according to the West Seattle Herald. Under Construction Developer: Big Tex…
Troy Downing just emerged from a hunting trip, deep within the Alaskan wilderness. It was September 16, 2001. Downing quickly learned that the country had been attacked while he was off the grid, and his life would never be the same. “September 11 came around and it really punched me in the gut,” Downing said. On…
Dallas-based Rosewood Property Company purchased the 89,841-square-foot self-storage facility at 4420 E. 146th Street in Carmel, Indiana. The facility, StorAmerica Storage & Wine Cellar, was locally owned and managed. It will now be rebranded and managed by Extra Space Storage. The seller was represented by Matthew Duda of MJ Partners. Compass Self Storage recently purchased…
Troy Downing, CEO of California-based AC Self Storage Solutions, has announced his plans to run for a U.S. Senate seat in 2018. Downing, a Republican, seeks to replace Democrat Jon Tester. A second Republican is also running, state Senator Al Olszewski. Downing’s company owns and operates more than one million square feet of storage space in…
