The 10 Most Popular Stories of 2015
It has been an impressive year for the industry, marked by record performance for the four major REITs and the beginnings of a new development cycle that is likely to last several years. The year also brought us a fifth publicly traded REIT and the debut of a publicly traded self-storage lending firm.
Self-Storage Acquisitions Pour in as 2015 Comes to a Close
An unidentified investor purchased Budget Self Storage, a 64,440-square-foot facility at 5061 Beech Place in Temple Hills, MD. The facility sold for $4.25 million. Robert Bloch and Michael Mele of Marcus & Millichap represented both parties.
Marcus & Millichap Arranges the Sale of a 64,440-Square Foot Self-Storage Facility
TEMPLE HILLS, Md., Dec. 15, 2015 - 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 Budget Self Storage, a 64,440-net rentable square foot self-storage facility located in Temple Hills, MD.
10 Self-Storage Owner New Years Resolutions
What could be simpler than operating a self-storage facility, right? In theory, renting empty space should be the classic no-brainer. But in practice? It takes an iron will, determination, smarts, an eye for detail and the ability to predict the future.
If you’re an operator, some of these 10 New Year resolutions are on your mind.
Weekly Self-Storage Development Round Up
MCSS Self Storage (formerly Miami City Self Storage) has acquired its eighth development site, located at 1781 South Park Road in Pembroke Park, FL. The completed facility will span 85,000-square-feet and offer 1,139 units. A third party REIT, according to MCSS, will manage the new facility. With the new project, Miami City is currently developing about 1.5 million square feet of storage space in Florida.