US Storage Centers Expands Arizona Footprint
US Storage Centers announced today that it has acquired the self storage facility in Phoenix, Arizona located at 4860 North 83rd Avenue. This property is the eighth facility owned and operated by the company in Arizona. It consists of 729 units in six buildings with a total net rental area of 82,432 square feet.
“Arizona is an exciting market with lots of opportunity and this new facility will be a valuable addition to our portfolio,” said Marketing VP Jason Lopez. “We’re well established in the greater Phoenix market with an operational competitive advantage that enables us to provide our customers with the quality storage experience they expect.”
The majority of the storage units at the facility feature true climate control—a much needed feature in the community because the majority of the surrounding storage facilities are older buildings that do not offer this option.
Several popular businesses, eateries, and a bank are located next to the property. Additionally, the facility is located on a highly visible corner where two arterial roads, West Camelback Road and North 83rd Avenue location, intersect.
US Storage Centers has been a leading operator in the storage industry for nearly 30 years. It has experienced double-digit growth in its third-party management division since 2009 and is now one of the largest operators in the country.
About US Storage Centers
Founded 1985, US Storage Centers is an owner / operator of self storage facilities in 13 states. The Company is a fully integrated operator that develops, acquires and manages its own portfolio—additionally, the company provides third-party management services. As of February 2015 it has over 6.5 million rentable square feet under management and employs over 200 people. US Storage Centers is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $2.5 Million and Charity Storage has raised nearly $200,000.
New RV-Storage Facility Proposed for Palm Springs, CA
An RV-storage facility has been proposed for an empty 4.8-acre lot near Palm Springs Airport Self Storage in Palm Springs, Calif. Ariel Valli, president and principal architect of Valli Architectural Group, recently presented the project to the city’s Architectural Advisory Committee. The members have asked him to refine and resubmit plans
U-Haul Buys Capitol View Self Storage in Jefferson City, MO
U-Haul International has acquired the former Capitol View Self Storage in Jefferson City, Mo., and rebranded it as U-Haul Moving and Storage of Jefferson City. It’s the company’s first facility in the state capital.
LUKE ELLIOTT OF MARCUS & MILLICHAP’S MELE STORAGE GROUP IS ELECTED AS TREASURER FOR THE FLORIDA SELF STORAGE ASSOCIATION
FOR IMMEDIATE RELEASE
Press Contact: Richard Matricaria
Vice President/Regional Manager
Tampa, FL, April 3, 2015
– Marcus & Millichap announced today that Luke Elliott, of the Mele Storage Group of Marcus & Millichap’s Tampa office was recently elected as Treasurer for the Florida Self Storage Association for 2015.
Throughout his career he has represented institutions, companies and investors on both national and local levels, advising them on their acquisition strategies as well as the disposition of their assets. Luke is also on the board of the Self Storage Association’s Young Leaders Group.
# # #
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss First Quarter 2015 Results
SALT LAKE CITY, March 27, 2015 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months ended March 31, 2015 on Wednesday, April 29, 2015 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Thursday, April 30, 2015 to discuss its financial results. Hosting the call will be Extra Space Storage's CEO, Spencer Kirk. Joining him will be Scott Stubbs, Executive Vice President and CFO.
During the conference call, company officers will review operating performance, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be ...