News

  • Self-Storage Sells at Record Price
    By Jennifer LeClaire
    FORT LAUDERDALE, FL—Call it a record breaking price for South Florida self-storage. Emerald Hills Extra Closet Self Storage, a 128,797-net-rentable-square-foot, 1,970-unit self-storage facility in Hollywood, FL, just sold.
  • 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.