While wine storage isn’t ideal for every market, some self-storage owners have found success with this niche by building a dedicated area at their existing facility or adding one during construction of a new property. This article will help you d…
Former Building 19 Discount Store Being Converted to Self-Storage in Norwood, MA
A building that once housed a Building 19 discount-retail outlet is being converted to self-storage in Norwood, Mass. Developer GRE Norwood LLC was able to file construction permits without approval from the city’s planning board because self-sto…
Dainton Self Storage Buys Slice of Former UK Gasworks for Development
Dainton Self Storage is among several businesses that have purchased land at a former utility site in Gloucester, England, with the intent to develop the 20-acre area for commercial use. The site was home to the Hempstead Gasworks beginning in the 1860…
Strategic Storage Trust II Acquires Self-Storage Facility in Lancaster, CA, for $4.7M
Strategic Storage Trust II Inc. (SST II), a self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has purchased a self-storage facility in Lancaster, Calif., for $4.7 million. The property at 43707 N. Sierra High…
Extra Space Affiliate Buys Uncle Bob’s Self Storage Facility in Jacksonville, FL, for $9M
An affiliate of Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, has purchased a self-storage facility in Jacksonville, Fla., for $9 million. Extra Space Properties Two LLC ac…
Checks and Balances Protect a Self-Storage Business From Embezzlement
Embezzlement can and does happen in any industry, including self-storage. Fortunately, there are steps owners can take to prevent employee theft. There are also strategies storage managers can use to ensure they’re never falsely accused.
Farming Family Launches Reddistores Self Storage in Redditch, England
A farming family in Redditch, England, has converted some unused agricultural buildings on its Weights Farm property to self-storage. After securing £340,000 from Barclays to finance the project, the family recently launched Reddistores Self Stor…
Farming Family Launches Reddistores Self Storage in Redditch, England
A farming family in Redditch, England, has converted some unused agricultural buildings on its Weights Farm property to self-storage. After securing £340,000 from Barclays to finance the project, the family recently launched Reddistores Self Stor…
Sovran Self Storage Announces $398M in Property Acquisitions
Update 2/4/16 – The recent Sovran acquisition included a 13-property portfolio owned by Harrison Street Real Estate Capital LLC (HSRE), a real estate private-equity firm. The $186.4 million purchase comprises four properties in California, six in…
Sovran Self Storage Announces $398M in Property Acquisitions
Real estate investment trust (REIT) Sovran Self Storage Inc., which operates the Uncle Bob’s Self Storage brand, has agreed to acquire 25 self-storage facilities in eight states for approximately $371 million. The company also recently purchased …