News

  • Record Breaking Price for South Florida Self-Storage Facility
    By Marcus & Millichap
    Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of Emerald Hills Extra Closet Self Storage, a 128,797-net-rentable-square-foot, 1,970-unit self-storage facility in Hollywood, Fla. The $18,825,000 sales price equates to $146 per square foot. Michael Mele, senior vice president investments, and Luke Elliott, associate, both in Marcus & Millichap’s Tampa office, represented the seller and procured the buyer.
  • Acquiring Self-Storage Facilities: How to Be a Better Buyer and Close the Deal
    By Inside Self Storage
    If you’re looking to buy a self-storage facility, there are some things you can do to ensure the best possible outcome, particularly if a property has multiple bids. Here’s how to be a better buyer and close the deal.
  • Marcus & Millichap Arranges the Sale of a Self-Storage Facility in Chicago MSA
    Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Next Door Storage, a 58,100 square foot self-storage located in Crystal Lake, IL, according to Steven D. Weinstock, First Vice President / Regional Manager of the firm’s Chicago Oak Brook office.
  • Investors Gird for Storage Wars
    By Robyn A. Friedman, The Wall Street Journal
    A new bidding war is breaking out in real estate. The targets of attention aren’t luxury properties or waterfront land, but something far less fashionable: self-storage warehouses.
  • Extra Space To Buy SmartStop Self Storage
    By By RTT News, June 15, 2015
    SmartStop Self Storage, Inc. said Monday that it has agreed to be bought by Extra Space Storage Inc. (EXR) for a total purchase price of $1.4 billion.