SecureSpace Expands LA Footprint
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
Stor-Mor Self Storage is 10 miles east of downtown LA. Image courtesy of Yardi Matrix Stor-Mor Self Storage is 10 miles east of downtown LA. Image courtesy of Yardi Matrix Stor-Mor Self Storage is 10 miles east of downtown LA. Image courtesy of Yardi Matrix SecureSpace has acquired Stor-Mor Self Storage, a 44,351-square-foot facility in Rosemead, Calif. A private owner sold the property for $11.3 million, according to Los Angeles County records. Completed in 1979, the three-story building comprises 659 units, ranging between 30 and 250 square feet. The property also includes 96 rentable p ..read more
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Madison, SLI Acquire Buy Stake in Self Storage Company
Multi-Housing News » Self Storage
by Jackson Chen
2M ago
A GreenSpace property. Image courtesy of GreenSpace Madison Capital Group and SLI Capital have acquired a controlling interest in GreenSpace, a self storage company with a unique approach to building its facilities. Founded in 2015, the target offers a proprietary concept that constructs self storage facilities out of stacked shipping containers. The purchase price could not immediately be learned. GreenSpace, which holds U.S. and European patents for its construction technology, says its offsite construction process allows for cost savings and shortens construction schedules while maintaini ..read more
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Bakke Development, BCDC Plan South Texas Facility
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
The self storage facility in McAllen, Texas, marks the joint venture’s fourth project. Image courtesy of Bakke Development and BCDC The self storage facility in McAllen, Texas, marks the joint venture’s fourth project. Image courtesy of Bakke Development and BCDC The self storage facility in McAllen, Texas, marks the joint venture’s fourth project. Image courtesy of Bakke Development and BCDC Bakke Development, in a joint venture with BCDC, has broken ground on an 85,825-rentable-square-foot self storage facility in McAllen, Texas. This development marks the fourth project for the partner ..read more
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Go Store It Delivers 120 KSF Facility in Jacksonville
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
The self storage facility is 13 miles from downtown Jacksonville, Fla. Image courtesy of Go Store It The self storage facility is 13 miles from downtown Jacksonville, Fla. Image courtesy of Go Store It The self storage facility is 13 miles from downtown Jacksonville, Fla. Image courtesy of Go Store It Go Store It, an affiliate of Madison Capital Group, has opened a 120,033-square-foot self storage facility in Jacksonville, Fla. According to Yardi Matrix data, the project was subject to an $8.5 million construction loan in 2022, provided by Susser Bank, with a maturity date set for 2027. T ..read more
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U-Haul Expands in Texas, Arizona
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
The property at 10681 W. Loop 1604 North is part of U-Haul’s San Antonio storage portfolio. Image courtesy of Yardi Matrix The property at 10681 W. Loop 1604 North is part of U-Haul’s San Antonio storage portfolio. Image courtesy of Yardi Matrix The property at 10681 W. Loop 1604 North is part of U-Haul’s San Antonio storage portfolio. Image courtesy of Yardi Matrix U-Haul is expanding its self storage footprint with the development of two new facilities in Texas and Arizona. The company has acquired the construction sites for the projects, which are set for completion in 2026. Plans for ..read more
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SecureSpace Opens Baltimore Storage Facility
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
InSite also owns the self storage property at 10108 Greenbelt Road in Lanham, Md., which operates under the SecureSpace brand. Image courtesy of Yardi Matrix InSite also owns the self storage property at 10108 Greenbelt Road in Lanham, Md., which operates under the SecureSpace brand. Image courtesy of Yardi Matrix InSite also owns the self storage property at 10108 Greenbelt Road in Lanham, Md., which operates under the SecureSpace brand. Image courtesy of Yardi Matrix A facility operating under the SecureSpace Self Storage brand has opened in Odenton, Md. InSite developed the 89,423-squa ..read more
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DXD Capital Delivers Atlanta Facility
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
The self storage facility will offer 703 units. Image courtesy of DXD Capital The self storage facility will offer 703 units. Image courtesy of DXD Capital The self storage facility will offer 703 units. Image courtesy of DXD Capital DXD Capital has completed a 71,335-rentable-square-foot self storage facility in Lithia Springs, Ga. The property is being managed by Public Storage. DXD Capital purchased the property in June 2022 through its first fund, DXD Self Storage Fund I, which closed in November 2021 at $63 million of committed capital. The project was also subject to a $12.2 million ..read more
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CubeSmart Facility Trades in California’s Central Valley
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
The redeveloped storage facility was a former Walmart Center. Image courtesy of The LeClaire-Schlosser Group of Marcus & Millichap The redeveloped storage facility was a former Walmart Center. Image courtesy of The LeClaire-Schlosser Group of Marcus & Millichap The redeveloped storage facility was a former Walmart Center. Image courtesy of The LeClaire-Schlosser Group of Marcus & Millichap A private owner has acquired a 48,450-square-foot, CubeSmart-managed self storage property in Ridgecrest, Calif. Hix Snedeker Cos. sold the asset for $5.7 million, according to Kern County r ..read more
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Self Storage National Report – January 2024
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
Image by steverts/iStockphoto.com Street rates remained negative on an annual basis, but experts foresee an improvement in the sector in 2024. As of December, the overall national street rate per square foot fell to $16.57, a 2.7 percent decline compared to the nationwide average recorded in December 2022. Annually, street rates for the 10×10 non-climate-controlled and climate-controlled units declined in all but one of the 31 metros tracked by Yardi Matrix, as New York registered a 0.8 percent increase for 10×10 NCC units and an uptick of 0.2 percent for 10×10 CC units. On a monthly basis, th ..read more
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Go Store It Opens LA Storage Facility
Multi-Housing News » Self Storage
by Madalina Pojoga
2M ago
Go Store It Monterey Park offers 802 climate-controlled units. Image courtesy of Go Store It Go Store It Monterey Park offers 802 climate-controlled units. Image courtesy of Go Store It Go Store It Monterey Park offers 802 climate-controlled units. Image courtesy of Go Store It Go Store It, an affiliate of Madison Capital Group, has entered the California market with the opening of a 70,000-square-foot self storage facility in Monterey Park, Calif. The project broke ground in November 2022. According to Yardi Matrix data, the property was subject to a $14 million construction loan, origin ..read more
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