StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has acquired Assured Mini Storage in Lake Charles, La. The 7.4-acre property at 4852 Ihles Road is just off Country Club Road (LA…
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StorageVault Acquires Sentinel Storage, 3 Other Canada Self-Storage Assets for $429M
Update 8/3/17 – StorageVault has closed on the 24 self-storage facilities that were part of the Sentinel Storage portfolio. In addition to paying for the assets through the issuance of company shares, cash on hand and mortgage financing, the comp…
Optima Self Store Opens in Stamford, England
Optima Self Store has opened in Stamford, England, using portable metal shipping containers as storage units. The property on Uffington Road is behind Moles Country Store and near Morrisons supermarket, according to a press release.
Irish Self-Storage Operator Nesta Expands Dublin Facilities
Update 10/19/17 – Nesta is investing €2 million to expand all four of its locations, including the previously announced Kylemore Road project. Expansions are also planned for its facilities in the Deansgrange, Sandyford and Santry areas of D…
Kansas Self-Storage Operators Could Lose Sales-Tax Exemption
The Kansas legislature is considering a bill that would remove the sales-tax exemption from self-storage and several other services. The house approved the measure 78-42 on Monday, sending it to the senate. The proposal is part of a larger budget strat…
Sentry Self Storage Management Reports 1Q 2017 Financial Results
Sentry Self Storage Management, an industry management and consulting firm, has released its first-quarter 2017 operating results showing year-over-year improvement in revenue, net operating income (NOI) and occupancy. The company reported revenue grow…
OpenTech Signs Exclusive Agreement to Sell and Support Self-Storage Robot Keylo in North America
OpenTech Alliance Inc., a Phoenix-based provider of self-storage kiosks, call-center services and other technology, has signed an exclusive distribution agreement with France-based robotics-engineering company Wyca SAS to sell and support its Keylo rob…
GU Self Storage, Mail Hub Partnership Opens in Guam
GU Self Storage has opened for business in Harmon, Guam. The two-story, climate-controlled facility comprises 270 units inside the former Guam Power Authority building. It has an onsite partnership with Mail Hub, which sells a full line of moving and p…
Unsolicited Offer Leads to Sale of Self-Storage Facility in Scarborough, ME
Real estate developer MSP Holdings LLC recently acquired a commercial property in Scarborough, Maine, for $900,000 that includes Scarborough Mini Storage, even though neither the land nor the self-storage business was for sale. The 1.9-acre parcel at 2…
Cheboygan County, MI, Planning Commission Approves 2 Self-Storage Projects
The Cheboygan County, Mich., Planning Commission recently approved special-use permits for two self-storage projects. Robert Andrews, owner of Mullett Lake Self Storage in Inverness Township, intends to add a 1,230-square-foot building to his existing …