Tuesday, October 21, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Self-Storage

Chula Vista Storage will feature 123,582 square feet of self-storage space.
CaliforniaDevelopmentIndustrialLoansProperty TypeSelf-StorageWestern

UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2016, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature an on-site office, security, a 24-hour surveillance system, controlled access, climate-controlled units and boat/RV storage. The property is located on 9.3 acres near the intersection of South Bay Expressway and Eastlake Drive, approximately 12 miles southeast of downtown San Diego. A REIT third-party management platform will operate and manage the property.

Continue Reading
FacebookTwitterLinkedinEmail
SurePoint-Rosharon
DevelopmentIndustrialSelf-StorageTexas

SurePoint Development Breaks Ground on 758-Unit Self-Storage Facility in Rosharon, Texas

by Taylor Williams

ROSHARON, TEXAS — SurePoint Development has broken ground on a 758-unit self-storage facility in Rosharon, located south of Houston. The site is located along FM 521 just south of Sienna Parkway, and the facility will total approximately 95,000 net rentable square feet of space. Completion is slated for next spring. The facility will be the eighth in the greater Houston area for SurePoint, which also plans to begin construction of two other facilities in the region next spring.

Continue Reading
FacebookTwitterLinkedinEmail
Morningstar-Storage
AcquisitionsArkansasFloridaGeorgiaIndustrialNorth CarolinaSelf-StorageSouth CarolinaSoutheastVirginia

Harrison Street, Morningstar Properties Acquire 21-Property Self-Storage Portfolio

by Abby Cox

CHICAGO AND MATTHEWS, N.C. — A joint venture between Chicago-based Harrison Street Asset Management and Matthews-based Morningstar Properties has acquired a portfolio of 21 self-storage properties totaling morning than 10,800 units. The properties are located in Texas, North Carolina, South Carolina, Florida, Georgia, Virginia and Arkansas, with 71 percent of the assets situated in top 30 U.S. metropolitan areas such as Houston, Austin, Charlotte and Atlanta. The portfolio was 90 percent leased at the time of sale and spans more than 1.3 million rentable square feet. Morningstar will continue operating and managing the portfolio. The seller was not disclosed. Harrison Street and Morningstar previously completed 41 self-storage investments across five Sun Belt states.

Continue Reading
FacebookTwitterLinkedinEmail
Jersey-City-Self-Storage
DevelopmentIndustrialNew JerseyNortheastSelf-Storage

Tulfra Real Estate Completes 797-Unit Self-Storage Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Locally based developer Tulfra Real Estate has completed a 797-unit self-storage project in Jersey City. The six-story, climate-controlled facility at 300 Thomas McGovern Drive spans 115,000 gross square feet and is part of a larger development known as Jersey City Self Storage that will ultimately comprise approximately 261,000 square feet (gross) across more than 2,400 units and two more phases of development. Fulton Bank financed construction of the project, which is a conversion of a former industrial site. JLL arranged the construction debt. Public Storage operates the facility.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNortheastPennsylvaniaSelf-Storage

Inland, Devon Complete Self-Storage Redevelopment in Philadelphia

by Taylor Williams

PHILADELPHIA — Inland Real Estate Investment Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a redevelopment project at 5200 Unruh Ave. in northeast Philadelphia. The project converted the former Moulton Ladder Manufacturing Co. facility, which was first built in 1900 adjacent to the Delaware River, into a self-storage facility. The five-story building features 88,000 net rentable square feet of climate-controlled space across 932 units.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMichiganMidwestSelf-Storage

Marcus & Millichap Brokers Sale of 635-Unit Self-Storage Facility in Plymouth, Michigan

by Kristin Harlow

PLYMOUTH, MICH. — Marcus & Millichap has brokered the sale of EZ Storage, a 635-unit self-storage facility in the western Detroit suburb of Plymouth. Completed in December 2022, the climate-controlled property totals 73,450 net rentable square feet. Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap, in association with Paul Kerber, Marcus & Millichap’s Michigan broker of record, represented the seller, an entity doing business as EZ Storage Plymouth Twp LLC. The buyer was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of Two Texas Self-Storage Facilities Totaling 802 Units

by Taylor Williams

KILLEEN AND EDINBURG, TEXAS — Marcus & Millichap has brokered the sale of two Texas self-storage facilities totaling 802 units. Hallmark Mini Storage, located in the Central Texas city of Killeen, was built on 2.4 acres in 2002 and totals 36,350 net rentable square feet of space across eight buildings and 275 units. Superior Self Storage, located in the Rio Grande Valley city of Edinburg, was built on 3.9 acres in 2004 and totals 50,692 net rentable square feet of space across seven buildings and 527 units. The properties traded as part of a portfolio deal that included a 294-unit facility in Las Cruces, N.M. Stacey Gorman, Sam Slocum and Grace Folger of Marcus & Millichap represented the undisclosed seller in the transaction. The trio also collaborated with Marcus & Millichap’s Cameron Bradford to procure the buyers. An undisclosed investment group purchased Hallmark Mini Storage, and Wentworth Property Co. bought Superior Self Storage.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew YorkNortheastSelf-Storage

JLL Brokers Sale of 598-Unit Self-Storage Facility in Mount Kisco, New York

by Taylor Williams

MOUNT KISCO, N.Y. — JLL has brokered the sale of a 598-unit self-storage facility in Mount Kisco, about 45 miles north of Manhattan. CubeSmart operates the facility at 140 Radio Circle, which was completed in 2024 and spans 64,130 net rentable square feet, the majority of which (92 percent) is climate-controlled space. Guthrie Garvin led the JLL team that represented the seller, DHIP Group, in the transaction and procured the buyer, an affiliate of New York City-based investment firm Andover Properties. The facility was 57 percent occupied at the time of sale. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Pioneer-Square-Self-Storage-Mesquite-NV.jpg
AcquisitionsIndustrialNevadaSelf-StorageWestern

TK Storage Sells 52,195 SF Pioneer Storage Self-Storage Facility in Mesquite, Nevada

by Amy Works

MESQUITE, NEV. — TK Storage has completed the sale of Pioneer Square, a 52,195-square-foot self-storage facility in Mesquite. A regional operator acquired the asset for an undisclosed price. Built in 2015 on 2.8 acres, Pioneer Storage offers 285 self-storage units across eight single-story self-storage buildings including 161 drive-up units. The property features a gated entry with digital keypad, an onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, concrete driveways and units with roll-up doors. Jordan Farrer of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansSelf-StorageSoutheast

MMCC Secures $14.5M Construction Financing for Self-Storage Project in Homestead, Florida

by John Nelson

HOMESTEAD, FLA. — Marcus & Millichap Capital Corp. (MMCC) has secured $14.5 million in construction financing for the development of a 1,038-unit self-storage facility at 1995 N.E. 8th St. in Homestead, about 32 miles south of Miami. The 135,800-square-foot property will operate as an Extra Space Storage facility. Robert Bhat of MMCC’s Miami office arranged the five-year loan through a local bank on behalf of the borrower, an undisclosed self-storage developer. The loan features a floating interest rate underwritten as 250 basis points above 1-month SOFR for the first three years with 36 months of interest-only payments.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts