4 things to know about self-storage certificate of occupancy deals in 2018
“There is as many, if not more deals that are quietly being shopped around than have been really at any point over the last few years,” said Luke Elliott, first vice president investments and director, National Self-Storage Group at The Mele Storage Group / Marcus & Millichap in Tampa.
The Tax Cuts and Jobs Act of 2017: How Will Self-Storage Owners Be Affected?
President Donald Trump recently signed a tax-reform bill into law that provides the most significant U.S. tax changes since the Tax Reform Act of 1989. While self-storage owners will continue to enjoy many of their previous tax-relief advantages, some modifications could affect industry investments.
Sold! Weekly Self-Storage Acquisition Round Up 3.7.18
An unidentified private investment group bought U Storage OK in Edmond, OK, from an unidentified LLC for an undisclosed amount. The newly built facility, at 14000 N. I-35 Service Road, features 623 units in 134,318 net rentable square feet on a nearly 7.9-acre site. Newport Beach, CA-based US Storage Centers has been tapped to manage the facility. Trey Hammond and Michael Mele, both of Marcus & Millichap, represented the seller. Brian Fulton of Marcus & Millichap represented the buyer.
The Mele Group of Marcus & Millichap Completes Sale of U Storage OK
The Mele Storage Group of Marcus & Millichap has arranged the sale of U Storage OK, a 134,318-square-foot storage facility in Edmond, a suburb of Oklahoma City. The firm marketed the property on behalf of the seller, a limited liability company and represented the buyer, a private investment group.
The Mele Group of Marcus & Millichap Arranges the Sale of a 7.89-Acre Self-Storage Facility
OKLAHOMA CITY, OKLAHOMA, March 2, 2018 - 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 U Storage OK, a 7.89-acre self-storage facility located in Oklahoma City, Oklahoma, according to Kyle Palmer, vice president and regional manager of the firm's Tulsa office.