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.
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…
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 …
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…
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…
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 …
Awakening Your Self-Storage ‘Force’ at the 2017 ISS World Expo
In the not-too-distant future, in a galaxy very close to you, a great adventure will unfold: the 2017 Inside Self-Storage World Expo. Learn how the biggest show of the year can help awaken your self-storage “Force,” taking you from Padawan …
GHK Cape Fear Development Proposes Self-Storage Project for Wilmington, NC
Commercial real estate developer GHK Cape Fear Development intends to build a self-storage facility on a vacant 4-acre lot in Wilmington, N.C. The facility at 1101 S. 17th St. would comprise 76,000 square feet. The land is zoned for light-industrial us…
Former Self-Storage Employee Alleges Metro Mini Storage Failed to Pay Him Overtime
A former employee of Texas-based Metro Mini Storage Inc. has filed a lawsuit against the self-storage company and director Lorraine Drake alleging breach of contract for unpaid overtime wages. Michael Alford filed the complaint on Jan. 13 in the Housto…
Volta Global to Convert Former Sports Authority to Self-Storage in Orlando, FL
Volta Global LLC, a private investment firm, has purchased a former Sports Authority in Orlando, Fla., which it plans to convert to self-storage. It will be the company’s first new development since entering the storage market last year under the…