Opening a self-storage business in an international market like Hong Kong has many potential pitfalls, but success is highly rewarding. MiniCo Self-Storage shares what it learned about developing and operating facilities in the region.
Real Estate Roundup: Self-Storage Transactions November 2015
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Fol…
Man Drives Van Through Wall at CubeSmart Self-Storage Facility in Mesa, AZ
The driver of a passenger van plowed through a wall at a CubeSmart self-storage facility in Mesa, Ariz., on Tuesday morning, damaging five units. The unidentified male driver may have fallen asleep before veering across traffic, sideswiping another veh…
Self-Storage Managers Sue Al’s Mini Storage in Beaumont, TX, Over Alleged Unpaid Wages
Two former self-storage managers of Al’s Mini Storage in Beaumont, Texas, are suing owner Jim Speed over alleged unpaid wages and overtime. Arretta and Frederick Lawson claim they regularly worked at least 80 hours per week while serving as resid…
Former Chevy Dealership to Become Self-Storage in West Seneca, NY
Real estate investor Jonathan Schmid is nearing completion on a West Seneca, N.Y., development that will convert the former Gillogly Chevrolet dealership to self-storage. Ikon Self-Storage, at 1777 Union Road, will comprise about 103,000 square feet an…
Building a Bonus and Incentive Program for Your Self-Storage Facility Managers
A solid bonus and incentive program can encourage your self-storage managers to be more successful. Here are a few principles to keep in mind when building your package.
Guardian Storage to Develop Self-Storage Facility in Hampton, PA
Guardian Storage, which operates 16 self-storage facilities in Colorado and Pennsylvania, received initial approval from the city council to build a self-storage facility in Hampton, Pa. In a 4-0 vote on Oct. 28, the council approved the operator&rsquo…
Amsdell Cos./Compass Self Storage Acquires Facility in Asbury, NJ
Compass Self Storage LLC, a member of the Amsdell family of companies, has purchased a self-storage facility in Asbury, N.J., its 60th location nationwide. The property was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage …
Shepherdstown Specialty Storage Brings ‘Calm’ to Self-Storage Customers’ Lives
In this short commercial from Shepherdstown Specialty Storage, the operator illustrates how self-storage can bring “calm” to its customers’ lives. The ad features two ladies overcome with a chaotic home who seek storage and gain &ldqu…
Andover Management Group Plans Citadel Self Storage Development in Nashville
Andover Management Group LLC, a Lexington, Ky.-based real estate developer known primarily for its apartment complexes, intends to build its first self-storage facility at a Nashville property it has under contract. Citadel Self Storage at 506 Fesslers…