Weekly Self-Storage Development Round Up
Phoenix, AZ-based Wentworth Property Company is converting a former semi-conductor plant at Thomas Road and Pima Road in Scottsdale into a 120,000-square-foot self-storage facility. Completion is expected during the second quarter. The facility will be managed by US Storage Centers.
7 Self-Storage Companies to Watch in 2016
New development projects began to emerge across the country in 2015, so it should come as no surprise that our list of storage companies to watch in 2016 is dominated by developers. Some have been in the industry for decades, and some are just getting started. We expect these companies, and several more not mentioned here, to make headlines in the coming months as new supply ramps up.
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.