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16.03.2016 admin
Richard Bird, who most recently was regional manager of Marcus & Millichap’s offices in Las Vegas and Salt Lake City, has been elevated to national director of the firm’s self-storage group. Marcus & Millichap’s National Self-Storage Group participated in more than $460 million worth of deals in 2012.
Bird was named regional manager of the firm’s Salt Lake City office in 2008 and of the firm’s Las Vegas office in 2011. 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. Extra Space inked a deal to acquire 17 facilities in Virginia from Mini Price Storage for about $200 million. Salt Lake City-based Extra Space gobbled up another portfolio consisting of 20 facilities and 1.4 million square feet.
In another sign that the self-storage acquisition market is on fire, Strategic Storage Trust Inc.
Strategic Storage Trust, a publicly registered, non-traded REIT specializing in self-storage, bought five facilities in the Dallas-Fort Worth and Midland areas in Texas, and four facilities in Alabama and Tennessee.
Austin, TX-based Virtus Real Estate Capital LLC, in a joint venture with McKinney, TX-based Advantage Storage, bought a 59,400-square-foot self-storage facility in Oklahoma City for $3.8 million.

Morningstar Properties LLC bought three properties in two states for a combined $17.7 million.
In October, Morningstar sold a 43-property portfolio it owned jointly with Harrison Street Real Estate Capital LLC. Walnut Creek, CA-based Pegasus Group bought Pearl Self Storage, a 68,646-square-foot self-storage facility in Portland, OR, for $18 million from Walt Bowen. Monrovia Stor-All LLC purchased a 63,398-square-foot self-storage facility in Covina, CA, for $6.9 million. CubeSmart LP sold a 119,085-square-foot self-storage facility in Memphis, TN, for $7.9 million.
Wave Crest Investments LLC bought an 85,684-square-foot self-storage facility in Melbourne, FL, for $3.7 million. Value Self Storage, an 82,295-square-foot self-storage facility in Holiday, FL, was sold for $3.5 million. Cross Creek Storage, a 69,984-square-foot self-storage facility in Tampa, FL, was sold for $4.8 million. New York City-based Andover Properties LLC, doing business as Storage King USA, bought a 64,323-square-foot self-storage facility in Chattanooga, TN, for $3.3 million. Equipment and maintenance options; UTVs, ATVs, vehicles, long-term food storage, or security. Disclaimer: Price, size, specifications, & availability are subject to change without notice.

He first moved to Austin in 1999, when downtown Austin wasn't nearly as lively as it is today. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. Carey joined forces in 2009 to acquire unstable properties, turn them around and sell them.
Ladera Ranch, CA-based Strategic Storage Trust said it paid about $27 million for the Texas portfolio and about $37 million for the Alabama and Tennessee portfolio.
The company also acquired an 81,860-square-foot facility in Bentonville, AR, for $4.27 million. The facility was purchased by a private investor in New York and sold by a local private investor.
Remote: one person can see for miles, no surprise visitors, 4-miles to Hwy 93, 8-miles to I-80, 10-miles to municipal airfield, 58-miles to scheduled service airport in Elko, 3-hour drive to Salt Lake, 4-hours to Boise or Reno, and 5-hours to Las Vegas.
In 2003, the facility was converted from a big-box retail store to a 495-unit storage facility.

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