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 plan is to replace an old, first-generation facility with a…
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 unit plus a site office. The building went up in 1986 on a 1.81-acre site at…
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 square feet of climate-controlled interior and drive-up units. Secure Space has another facility in North Wales, which…
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 that formerly housed the Pioneer Press, medical and dental offices, and served as…
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 120,000-square-foot facility (below). The Tempe property has 62,000 square feet at 1964 E. University Drive, down the…
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. Source: GlobeNewswire Planned The LeClaire-Schlosser Group of Marcus & Millichap announced the sale…
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 facility. Strickland Construction is the builder. The 112,987-unit facility is slated to open in September…
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 generated 17 offers for the property from interested sellers. The property features 511 self…
A restaurant building that’s more than 70 years old and still operating might be demolished and replaced by a self-storage facility in Levittown, PA. SAFStor Old Lincoln LLC submitted plans to change Michael’s Restaurant and Lounge at 935 Old Lincoln Highway in Falls Township into a three-story, 109,650-square-foot mini-warehouse and self-storage building. The plans have…
Buchanan Street Partners LP, based in Newport Beach, CA, has entered the Northern California market by purchasing a self-storage facility at 12200 Rock Creek Road in Auburn, CA. The selling price was $20.75 million. It has 116,500 square feet spread across 825 units and 40 RV parking spaces. Westport Properties Inc. will manage the property…
