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Category Archives: Self Storage

Extra Space Storage Facility Denied in East Rutherford, NJ

Update 3/20/17 – The East Rutherford Zoning Board has rejected plans for the proposed Extra Space self-storage facility. Though the Hampshire Cos. application received a 4-3 vote in favor of the project, approval required five “yes” v…

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StorageBattlescom Founder Launches SelfStorageAuctioncom

Jim Grant, founder of the StorageBattles.com self-storage auction website that merged three years ago with StorageTreasures.com, has now launched SelfStorageAuction.com. The site allows facility operators in North America to conduct their lien sales on…

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Santa Fe Self Storage Gets Preliminary Approval for Expansion in Gardner, KS

Allenbrand-Drews & Associates Inc., a development and engineering company, received initial approval last month to expand its Santa Fe Self Storage facility in Gardner, Kan. The plans include growing its existing property at 1060 E. Santa Fe to inc…

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Self-Storage Operator Storage Made EZ Urges Customers to ‘Just Store It’

In this short commercial from Storage Made EZ in Evans Mills, N.Y., the title character is back with yet another idea for moving a large object into a high-rise building. This time it involves a pulley and rope—with disastrous results. The c…

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Using ‘Moneyball’ Methods in Self-Storage to Beat the REITs

Using “Moneyball-style” sales and marketing strategies, self-storage facility operators can beat the industry’s real estate investment trusts and garner bigger market share. Learn how.

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Fine Art Self-Storage Operator Uovo Opens New Facility in Blauvelt, NY

Uovo, a New York self-storage operator specializing in fine art, has opened a facility in the Blauvelt hamlet in Orangetown, N.Y. The company acquired about 9 acres at 100 Bradley Parkway last year for $14 million and converted a 34-year-old industrial…

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Customers to Bear Cost of Self-Storage Safety Improvements in Hong Kong

The push for stricter self-storage regulation in Hong Kong is likely to result in higher rents for tenants and even several storage operators going out of business. Though rates have increased up to 20 percent during the last five years, calls for new …

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Granny’s Self Storage Facility Proposed for Gastonia, NC

Strategic Real Estate Investment LLC (SREI), which focuses on investments in self-storage and multi-family rental properties, is seeking approval to build a Granny’s Self Storage facility in Gastonia, N.C. The planning commission will consider th…

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S’more Space Storage Holds Grand Opening in Landisville, PA

S’more Space Storage will host a ribbon-cutting ceremony on March 10 to celebrate its opening in Landisville, Pa. The event at 4:30 p.m. will include tours of the property at 581 Stony Battery Road as well as refreshments and a prize raffle. Memb…

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Understanding Capitalization Rates: Calculating Value in Today’s Self-Storage Market

In the business of buying and selling self-storage properties, the discussion always ends with capitalization rates. Unfortunately, most people don’t fully understand all of the ramifications of this simple-sounding number. The following summary …

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