U-Haul Buys 2 'The Vault' Self-Storage Facilities in the Greater Milwaukee Area
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has acquired two self-storage facilities in the Greater Milwaukee area for $17 million: The Vault of Menomonee Falls and The Vault of Waukesha. The properties are within 15 miles of one another and 20 miles from Milwaukee.
Sounds of Storage Podcast: Michael Mele Discusses the Trump Administration Effect on Self-Storage Real Estate
Many years of low interest rates and a favorable buyer’s market have led to a robust self-storage real estate sector. But with a new U.S. president and the threat of rising rates, what can owners and investors expect in the years ahead?
In this informative podcast, Inside Self-Storage Editor Amy Campbell speaks with Michael Mele, senior managing director of investments for Marcus & Millichap, about self-storage real estate trends and how the Trump Administration may affect them moving forward. Mele offers insight on how the sector is preforming, what’s changed in the past year, and how legislative variations might impact the playing field. Finally, he offers advice on how to prepare for rate increases.
Marcus & Millichap Releases Mid-Year US Self-Storage Investment Forecast Report
Marcus & Millichap, a commercial property-investment firm serving the self-storage industry, has released a self-storage investment forecast report for the first half of 2017. The 57-page digital publication offers analytical insight to the sector on a national, regional and local level. Titled "2017 U.S. Self-Storage Midyear Outlook," the report is produced by the firm’s National Self-Storage Group and released through its research-services division.
Real Estate Roundup: Self-Storage Transactions April 2017
Sold! Weekly Self-Storage Acquisition Round Up
U-Haul parent company AMERCO has purchased two recently-built self-storage facilities in the Milwaukee metro area for a combined $17 million. Both facilities operated under the name The Vault Self Storage and were sold by private investors. The 451-unit facility at N58 W15500 Shawn Circle in Menomonee Falls was built in 2016. A second phase is planned for completion over the next 12 months and will expand the facility to a total of 786-units and 80,230 square feet.