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SmartStop Asset Management has completed construction of a $35 million mixed-use facility in Ladera Ranch, CA that includes a 42,000-square-foot self-storage facility, a 63,000-square-foot gymnasium and 15,000 square feet of office space. The facility, at 10 Terrace Road, will house the company’s corporate headquarters as well. “We are extremely excited to have completed construction on…

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Self Storage Capital Partners, with a joint venture partner, purchased Penns Trail Self Storage and Lanco Mini Storage Center in Pennsylvania for approximately $19.2 million. Penns Trail Self Storage (pictured at top) is located at 104 Penns Trail in Newtown, PA and offers 495 units. The facility sold for $11.65 million. Lanco Storage Center is located…

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U-Haul International continues to grow its self-storage revenue and space, its parent company reported in a recent earnings call. Amerco (NASDAQ: UHAL) reported that self-storage revenue rose $10.5 million, or 18.4 percent, year over year in the first quarter of fiscal year 2017, ended June 30. “Self-storage remains strong,” said Joe Shoen, Amerco chairman. “We…

Andover Properties purchase this storage facility and car wash in Summerville, SC. Andover Properties purchase this storage facility and car wash in Summerville, SC.

Strategic Storage Trust II Inc., acquired the 90,000-square-foot self-storage facility at 590 E. Silverado Ranch Boulevard in Las Vegas. The property had an occupancy rate of 85 percent at the time of purchase. Purchase price was not disclosed. The facility was previously operated as Storage Direct. “This property is in good physical shape with upside…