MD Investments, a Woodside, Calif.-based investment firm, recently acquired Pelandale Self Storage in Modesto, Calif., from CGK Properties LLC for $3 million. The 3-acre property at 340 Pelandale Ave. comprises 48,700 net rentable square feet in 362 un…
What Self-Storage Managers Need to Know About the 3 Kinds of Facility-Occupancy Rates
While many self-storage operators are fixated on physical occupancy, this metric is limited in what it can tell you about your business. In reality, square-footage occupancy and economic occupancy reveal as much, or more, about the overall health of yo…
Jumbo Capital Management/Guggenheim Real Estate to Convert Warehouse to Self-Storage in Norwood, MA
A joint partnership between Jumbo Capital Management LLC, a privately held commercial real estate firm specializing in office space, and real estate investment firm Guggenheim Real Estate LLC has acquired a warehouse in Norwood, Mass., for $6 million t…
Kenmore Self Storage to Host Fall/Halloween Festival in Kenmore, WA
Kenmore Self Storage in Kenmore, Wash., will host its sixth annual fall festival on Oct. 24. Open to the public, the event at 18716 68th Ave. N.E. will be from 5 to 8 p.m. and include self-guided tours of the facility’s “haunted halls&rdquo…
Pink Hippo Self Storage Opens in Leatherhead, Surrey, England
Pink Hippo Self Storage is opening today in Leatherhand, Surrey, England, and commemorating the occasion with a grand-opening celebration that begins at 2 p.m. Open to public, the party will include free food and drinks. Special guests will include Mar…
U-Haul Acquires Speedway Self Storage in Justin, TX
The U-Haul Co. of Texas recently acquired Speedway Self Storage in Justin, Texas. The 6.94-acre property at 16300 FM 156 S. has been rebranded as U-Haul Moving & Storage of Justin. The facility comprises 70,170 net rentable square feet in more than…
Inside Self-Storage World Expo Is Headed to Canada!
We’re bringing a highly-rated education program along with a special pavilion (with a host of exhibitors) to Calgary, in partnership with BUILDEX Calgary. Register by 10/15 for lower event fees & complimentary tradeshow access.
Is It Time to Rebrand Your Self-Storage Business? Lessons From All Storage
Rebranding a self-storage business can brings many benefits, helping an operator stand out in a busy market and bringing unity to a company. This case study of the All Storage rebrand illustrates these benefits and more.
UK Self-Storage Company Lok’nStore Sells Facility in Swindon, England, for £3.5M
U.K. self-storage company Lok’nStore Group PLC has sold its facility in Swindon, England, to an unidentified investment fund for £3.5 million. The operator will continue to manage the asset as a branded Lok’nStore location on behalf of the …
UK Self-Storage Company Lok’nStore Sells Facility in Swindon, England, for £3.5M
U.K. self-storage company Lok’nStore Group PLC has sold its facility in Swindon, England, to an unidentified investment fund for £3.5 million. The operator will continue to manage the asset as a branded Lok’nStore location on behalf of the …