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…

As an industry, self-storage is taking two approaches to the coronavirus pandemic — compassion and caution. Offering help during a crisis From the compassion perspective, several self-storage operators are temporarily offering free or discounted units to college students who’ve been displaced by coronavirus-driven school shutdowns. As part of its coronavirus response, Salt Lake City, UT-based…

Continued overbuilding across the country is putting price pressures on self-storage facilities across most of the country – and nowhere are the price pressures greater than in Pittsburgh, Minnesota’s Twin Cities and South Carolina’s Charleston, according to a new Yardi Matrix report. For the entire country, rent prices fell by about 1 percent in January,…

A six-story, 131,700-square-foot 1,100-unit Life Storage building has been proposed for 33 E. Woodlawn St. in the Germantown neighborhood of Philadelphia, PA. That site, owned by the Philadelphia Suburban Development Corp., currently is a parking lot. JSF Management is developing the property. LifeStorage, based in Buffalo, NY, has 750-plus locations nationwide. Source: Philadelphia Business Journal…