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These units are solid and very well built, and feature traditional roll up doors with slide locks. Self Storage Units - Self Storage Units covers several topics you need to know when it comes to protect your personal or business belongings, check different types of units, self storage for rent, for sale, Associations, even auctions.
Storage Units for Rent - Storage Units for Rent has useful tips about self storing, storage warehouses and facilities and how the process works, also links to several online directories for storage units in US, Canada, UK, Australia and Asia. Probably the most obvious consideration that is made when considering the profitability of a storage unit is the average rental vacancies available.
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. In the biggest self-storage deal so far this year, CubeSmart LP is buying three dozen facilities for $326.2 million from Private Mini Storage Inc. The CubeSmart deal caps off a particularly active October on the acquisition front in the self-storage industry.
The CubeSmart acquisition leaves Houston-based Private Mini Storage with five facilities, sources said.
CubeSmart is paying $257.9 million for 29 self-storage facilities in the Houston and Austin, TX, areas and one facility in the Charlotte, NC, area. CubeSmart is spending $68.3 million to buy six self-storage facilities in the Houston market.


As described in a report from Bank of America Merrill Lynch analyst Jana Galan, CubeSmart has lined up an institutional investor to form a 50-50 joint venture that will be announced once the Private Mini Storage deal has been completed.
The deal happened as CubeSmart prepares to release its third-quarter financial results (Nov. According to a report from Macquarie Capital analyst Shahzeb Zakaria, CubeSmart outperformed the three other publicly trade self-storage REITs on two key measures in October: increases in occupancy and net rent. CubeSmart’s 36-facility acquisition came at the end of a red-hot month for news about self-storage real estate deals.
The price tag of the CubeSmart deal surpasses that of Public Storage Inc.’s purchase of 43 Morningstar Mini-Storage facilities for $315 million. Chicago-based Harrison Street Real Estate Capital LLC and Matthews, NC-based Morningstar Properties Inc. Glendale, CA-based Public Storage, the country’s largest self-storage REIT, said in October that it had purchased or planned to purchase a total of 88 facilities in eight states: California, Colorado, Florida, Georgia, North Carolina, South Carolina, Texas and Virginia. In a report released earlier this year, market research firm IBISWorld said it expected merger-and-acquisition activity in self-storage to pick up during the ongoing economic recovery. Sonne said some real estate investors view self-storage as a “relatively safe” bet, thanks to a small pipeline of new development and strong growth in occupancy and income. Kurt O’Brien, CEO of Simply Self Storage, bought three 21st Century Storage facilities—two in New Jersey and one in Maryland—for $21.3 million. Austin, TX-based real estate investment firm World Class Capital Group LLC bought Memphis Mini Storage in Memphis, TN, from C-III Asset Management LLC of Irving, TX. The 474-unit, 60,000-square-foot facility is being converted to World Class Capital Group’s Great Value Storage brand. The 435-unit facility has been renamed South DeBary Self Storage, according to the Daytona Beach News-Journal.
The new owner has kept Meridian Management Group as the facility’s manager and plans to spend more than $50,000 on property upgrades. But there is strategic phone selling as well, and it is imperative that site managers recognize opportunities to use it.
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. According to the most recent listing from Inside Self-Storage, the full 41-facility Private Mini Storage portfolio had about 20,300 units totaling 3 million square feet. The Public Storage deal, first reported by The Storage Facilitator, was announced in October. Problem is, there’s not enough product for sale,” said Chris Sonne, executive managing director of the Self Storage Industry Group at commercial real estate firm Cushman & Wakefield. Now, with the improving economy, that growth is returning, and North Lanier will benefit immensely from that activity,” said Judith Bennett, senior vice president of Bull Realty’s National Self-Storage Group, which brokered the deal. He first moved to Austin in 1999, when downtown Austin wasn't nearly as lively as it is today. 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. Securities and Exchange Commission (SEC), the self-storage REIT said it signed agreements Oct.
CubeSmart will reap management fees on the 50 percent of the portfolio owned by the unidentified investor.
Holsinger recommended interviewing at least three independent brokers and asking each of them to come up with the potential market value of your facility. Wayne, PA-based CubeSmart owns or manages more than 500 self-storage facilities in the U.S.
You can have us build a 2 or 4 unit storage unit in the rear and a office space in the front, or whatever you can come up with that will fit in the desired building size. All 36 facilities fall under the Private Mini Storage brand, industry sources told The Storage Facilitator.
These units come in 12 or 14 wide, with 16 wides available, and almost any length up to 80 feet.



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