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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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…
Prepaying Your CMBS Loan: Choosing the Best Option for Your Self-Storage Business
Most commercial mortgage-backed securities loans are offered with the borrower’s choice of prepayment option: yield maintenance or defeasance. Here’s why these penalties are necessary and the pros and cons of each.
Self-Storage Firm Investment Real Estate Hires Brokerage Advisor for Mid-Atlantic Region
Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has hired George Hatchard as brokerage advisor. His responsibilities will include buyer representation, due diligence, feasibility studies, f…
Jernigan Capital, Mequity LLC Co-Invest on Vinings, GA, Self-Storage Project
Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, and Atlanta real estate developer Mequity LLC have closed on a $13.6 million property in Vinings, Ga., they intend to develop into a self-storage facility. The …
The Rise of Self-Storage in the Republic of Macedonia
A Macedonian real estate firm took a gamble when it decided to transform a warehouse it owned in Skopje to self-storage. The author discusses the facility design, the local market, business growth and future plans.
Deflecting the Self-Storage Winter Slump With Marvelous Marketing
Seasonal drop-offs during the wintertime are an issue that almost every self-storage operator faces. To get your year off to a strong start, here are a few ideas to help you drum up new business this winter.