Be a Self-Storage Sentinel: Watching Out for Cats, Kids and Other Things That Don’t Belong in Storage Units
Most operators give their new tenants a laundry list of items they can’t store in their self-storage unit. This list will include the usual things such as gasoline, fertilizers, explosives, paint or other hazardous chemicals. Sadly, operators may need to expand their warning to include cats, dogs, snakes and even children. While it seems ludicrous you’d need to tell another adult not to lock up anything alive in a dark place, it happens—often.
Midtown Vault Expands Solar Panel Use
MEMPHIS, TN- Midtown Vault Storage, a self-storage facility developed by Absolute Storage Management in 2006, is doing their part to conserve energy by increasing solar panel usage on their building. Preserving energy and saving money at the same time, it’s a win win! The Midtown Memphis area storage property started using solar panels in 2013, only covering half of the building and saving a third of the usual electric bill. Due to the success of the first round of panels, the property is expanding and using even more solar panels. This expansion will cover nearly all of the buildings’ 12,500sqft roof with solar panels.
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.