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02.07.2015
LUBBOCK, TEXAS — Marcus & Millichap has arranged the sale of AAA-Tech Self Storage, a self-storage facility with 56,806 rentable square feet located in Lubbock.
The self-storage real estate investment trusts (REITs) are in the market for storage facilities, but before you put your business up for sale, make sure you’ll be getting your property’s full value. REITs often deal in cash and can complete their purchases quickly, according to Mel Holsinger, owner and president of Professional Self Storage Management LLC.
While cashing out of your business may sound appealing, be sure you’re looking out for your own best interests. Holsinger said the best way to get top dollar is to hire an experienced real estate broker. Once you hire a broker, you’ll need to provide him or her with records that establish your facility’s annual income. While you should be cautious about investing time and money in a property you plan to sell soon, upgrades sometimes can add market value, said Jerry Jones, a CPA who works with self-storage facilities. Arizona real estate broker Bill Alter said the average unit size can be a factor in determining the sale price. Not only is self-storage hailed as a “counter-cyclical” property type, but the fundamentals are also intrinsically strong. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond. Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead. The information contained herein has been obtained from third parties and we cannot guarantee the accuracy or completeness of the information. At Dallas Self Storage we can help with your storage search and get your valuable items stored away so you are ready for the fall. Are facilities also offer great storage features that can help with keeping your items secure and also helping flexible features for you, the renter.


With the Labor Day week, we can also help with great move in specials such as the first month free.
Ranch Road 620 in Lakeway.LAKEWAY, TEXAS — Muskin Commercial has arranged the sale of 538 units at the All-Ways Storage facility located at 15402 Kollmeyer Drive and 911 N. Roger Hendricks of Marcus & Millichap’s Dallas office represented the buyer, a private investor. Holsigner works with self-storage facilities in California, Arizona, Texas, New Mexico and Colorado. Here’s a checklist of five things small owner-operators should do before selling their self-storage facilities to REITs or other investors. A good broker can help you determine what your facility truly is worth and how best to market it. If they don’t think your records are accurate, your chances of selling to them will plummet. Take stock of your facility from a buyer’s perspective, looking at all the pluses and minuses. Due to the unique nature of self-storage rental agreements, it is relatively easy to increase tenants’ rents, and thereby increase cash flow. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. With 52 great locations available, our amazing staff are ready to help with any questions and concerns you have in finding storage.
Some of these features include Climate Controlled Units, Individually Alarmed Units, Computer Controlled Access, and Online Payment Option.
Chico LeClaire of Marcus & Millichap’s Denver office, along with Dave Knobler of the firm’s Houston office, marketed the property on behalf of the seller, a limited liability company. For example, tenants in residential neighborhoods typically want units around 110 square feet, he said.


Also, unlike other real estate asset classes, self-storage operators do not need to worry about tenant improvements or leasing commissions. The site includes 131 climate-controlled and 386 non-climate-controlled units, along with 21 uncovered outside storage parking spaces. Holsinger recommended interviewing at least three independent brokers and asking each of them to come up with the potential market value of your facility.
The property sits on three tracts of land with frontage along RR 620.A Maryland-based self-storage company purchased the property. Ellen Muskin and Daniel Elam of Muskin Commercial represented the seller, All-Ways Self Storage LP of Austin, who was the original builder and developer of the property. The sale price of $240 per square foot is one of the highest prices per square foot ever recorded for a Florida self storage property, according to Marcus & Millichap. Built in 1968 and renovated in 2002, the facility is situated on nearly five acres and includes 499 units. The property includes a sales office, manager’s apartment, indoor and outdoor units and roll-up doors. At the time of the sale, there were 838 climate-controlled units and 101 wine storage units. Michael Mele and Luke Elliott of Marcus & Millichap’s Tampa office represented the sellers, local private investors. Mele and Elliott also procured the buyer, Strategic Storage Trust II Inc., a public non-traded REIT.



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