Building a new self-storage facility is exciting but stressful, and going through the process for the first time can be daunting. Here’s what you need to know about planning your new project, including timeline, budgeting, construction and more.
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Building Your First Self-Storage Facility: Planning, Timeline, Budget and More
Throw Away Your Self-Storage Rate Card by Negotiating Your Prices
Self-storage managers are often trained to sell units off of fixed prices, but guest blogger Scott Simon of A1 U Store It in St. Louis argues managers should throw away their rate cards and negotiate higher prices with customers. Simon offers tips on h…
Tornado Rips Off Roof at Durand, WI, Self-Storage Facility
A tornado ripped off the roof of a self-storage building at Durand Mini Storage in Durand, Wis., on Tuesday, leaving 25 storage units open to wind and rain. Tenants reported significant damage to stored belongings. The storm also tore rooftops off of n…
Warehouse to Be Converted to Self-Storage, Penthouse Offices in Waipahu, HI
A Beverly Hills, Calif.-based real estate developer has acquired a warehouse in Waipahu, Hawaii, for $6 million and plans to convert the 73,000-square-foot structure into self-storage and rentable penthouse-office suites. The four-story property at 94-…
Plans for Self Storage Ventures Project in Oak Creek, WI, Put on Hold for Later Review
Plans for a new Self Storage Ventures (SSV) facility proposed by Gallacher Development LLC in Oak Creek, Wis., have been tabled until the city’s July 12 plan-commission meeting. Board members unanimously voted on June 28 to postpone voting on the…
Personal Mini Storage Acquires Char-Jen Storage in Kissimmee, FL
Personal Mini Storage, a Florida self-storage operator with 36 locations, has acquired Char-Jen Self Storage in Kissimmee, Fla. The facility is the company’s fifth in the city. The property at 2852 Michigan Ave. is south of Osceola Parkway, a 12….
Store in a Wink Expands its Park City, KS, Self-Storage Facility
Just a year after opening its facility in Park City, Kans., Store in a Wink is expanding its property with two new buildings. The new structures will comprise 6,000 square feet of space in 53 units. Once complete, the site will contain more than 190 un…
Olive Properties Buys Secured Self Storage in Arnold, CA, for $2.5M
Olive Properties L.P., a real estate management company based in Burbank, Calif., has purchased Secured Self Storage in Arnold, Calif., for $2.5 million. The seller was ABC Mini Storage, a Mountain View, Calif.-based firm.
Toronto-Based Gunpowder Capital Forms GP Self Storage, Buys First Property
Update 10/14/16 – Gunpowder Capital has acquired its first self-storage property for $299,000. The fully automated facility in Madoc, Ontario, was purchased through the company’s subsidiary, GP Self Storage. Automation tools are available t…
Hong Kong Self-Storage Fire Leads to Tighter Industry Regulations, Consolidation
A fire that killed two firefighters and ravaged an SC Storage facility in Hong Kong last month has prompted officials to suspend self-storage development inside industrial buildings. The incident has also stirred regulatory debate among government offi…