Should you replace your self-storage facility’s roof?
Replacing the roof of a self-storage facility can be a costly project, so how do you know when it is the right time to get it done?
Real Estate Firms Release Overviews of 2Q 2015 Self-Storage REIT Performance
August 13, 2015 – Real estate firms BayView Advisors, Marcus & Millichap and MJ Partners Real Estate Services have released online reports highlighting key performance metrics from the second-quarter 2015 financial results issued by the four publicly traded U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.
Marcus & Millichap Announces Sale of $11 Million Storage Asset
PALM BAY, Fla., August 4, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the sale of a seven-building self-storage asset, Additional Storage of Palm Bay, located west of Interstate 95 on the highly traveled Malabar Road. The sales price was $11 million for the 122,690 net-rentable-square-foot property.
Marcus & Millichap Arranges the Sale of 54,450 Square Foot Self-Storage
ROANOKE, VA, August 3, 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 Berkley Self Storage, a 54,350 net rentable sq. ft. self-storage located in Roanoke, VA, according to Bryn D. Merrey, regional manager of the firm’s Washington, D.C. office. The asset sold for $2,550,000, which represented 98% of the list price.
Self-Storage Sells at Record Price
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.