Extra Space Storage Inc., a self-storage real estate investment trust (REIT) and third-party management firm, has purchased Lock-It Lockers in San Diego for $15.4 million. The property at 1560 Frazee Road has been rebranded under the company name.
Recent Posts by Inside Self Storage Content Feed
U-Haul to Convert Dayton, OH, Building to Self-Storage
Phoenix-based U-Haul International Inc., which operates nearly 1,000 self-storage locations across North America, plans to convert a Dayton, Ohio, office building to self-storage. The purchase of the property at 360 S. Main St. is expected to close on …
Cutting Down on Self-Storage Tenant Delinquencies
Not all self-storage customers will pay their rent in a timely fashion, but facility managers can cut down on delinquencies by offering tenant payment and reminder options during the initial rental paperwork.
Amsdell Cos./Compass Self Storage Opens New Facility in Sewickley, PA
Compass Self Storage, a member of the Amsdell family of companies, has opened a new facility in Sewickley, Pa. It’s the company’s second location in the Greater Pittsburgh market, according to a press release. The development was backed by …
Integrated Properties to Convert Medical Center to Self-Storage in Birmingham, AL
Real estate developer Ed Drummond of Integrated Properties LLC received zoning approval on Tuesday to convert a former medical center to self-storage in the Crestwood South neighborhood of Birmingham, Ala. The city council agreed to rezone the 4.7-acre…
The Bancorp to Offer Small-Business Lending to Self-Storage
Financial-services firm The Bancorp Inc. has hired two new vice presidents to help expand its small-business lending to the funeral-home, self-storage and senior-living industries. Teresa Carlson and Kelly Isley join the company with significant experi…
Pro Surfer Kelly Slater Explains Why He Uses Self-Storage
Where does a professional surfer feel most comfortable storing the surfboards he uses for competition? If you’re 11-time world champion Kelly Slater, you choose StorQuest Self Storage. In this video, Slater explains why he prefers keeping his boa…
Champion Self Storage in Grayson, GA, Expands
Champion Self Storage, which operates four facilities in Florida and Georgia, is growing its Grayson, Ga., facility. Expected to be complete in May 2018, the expansion at 2415 Loganville Highway S. W. will add 38,363 square feet of storage space in 417…
Self-Storage REITs Release Financial Results for Third-Quarter 2017
The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statem…
Seaville Self Storage Owner Re-Elected to Township Committee in Upper Township, NJ
Update 11/10/17 – Corson retained his seat on the Township Committee by receiving 52 percent of the vote. The 53-year-old Republican self-storage owner prevailed despite heavy Democratic voter turnout. Bond and Grubb received 40 percent and 9 per…