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Archive for August, 2008

CBRE brokers sale of Virginia self-storage properties for $14M

Who says self-storage properties aren’t selling? CB Richard Ellis just arranged the sale of two self-storage facilities totaling 1,438 units in Norwalk and Virginia Beach, Va., for $14 million.

Burnette Development, the seller, was represented in by Michael Howard, Steve Hryszko and Hal Yuill of CBRE’s Norwalk office. The two Class A properties contain a combined 170,000 square feet and sold for $82.35 per square foot.

Class A properties are still in demand. Keeping a good marketing campaign running, including a website and on-site marketing, can help you portray the best image for your facility in the eyes of investors.

Add comment August 26th, 2008

Recommended Reading

How to Make Money in Self-Storage

How to Make More Money in Self Storage

How to Invest in Self-Storage

Mini-Storage Messenger

Self-Storage Now!

Mobile Self-Storage magazine

Inside Self-Storage

Add comment August 10th, 2008

Storage Helps in Rough Economy

Want to see a example of a brilliant community relaitons strategy that is sure to pay dividends for many years to come in terms of brand loyalty?

Hawaii Self Storage has launched this month a new initiative, the Transition Assistance Program (TAP), which is part of Hawaii Self Storage’s Community Pride outreach initiatives.

Through the program, anyone who is experiencing financial difficulties related to their residence is eligible to receive free storage for a minimum of four months. Those interested in applying must submit a letter and proof of residential financial hardship to Hawaii Self Storage. The TAP Board will review requests and fill qualified requests on a first-come, first-served basis.

Each of the three Hawaii Self Storage locations – Kaimuki, Pearl City and Salt Lake – are part of this program. In addition, Hawaii Self Storage will soon be opening two new facilities – Hawaii Self Storage – Mililani opening in September and Hawaii Self Storage – Kapolei opening in October – that also will offer TAP lockers.

“As a locally owned company, we’ve made it our mission to help the community, and right now, the community needs more help than ever,” said Hawaii Self Storage President Daniel Ho. “From the subprime crisis to the closure of Aloha Airlines and Molokai Ranch, to the recent announcements by Maui Land and Pine and Ka‘anapali Beach Club, we’re all affected. These events ripple throughout our state, and we want to help people in this time of need. For some, four months of free storage will be a huge burden off their back while they readjust their living situation.”

Click here to read the rest of this story.

Add comment August 6th, 2008

RV & Boat Storage with a Heart

Surrounded by storage units, hundreds of people gathered recently to raise money for local fire victims, the Oroville Mercury-Register reports.That’s because Oroville RV/Boat & Self Storage hosted a benefit barbecue, which drew in guests ready to eat ribs, hear local bands, have their faces painted and view classic cars.

Cars lined the street in both directions and nearly 100 people were already in line for ribs, just past the event’s 5 p.m. start.

Bravo to this specialty storage center. This is one way to win a community’s heart - and if the local paper gets informed all the better. So many companies do good, but don’t tell anyone they are doing good, so only relative few know.

I’ve said it before and I’ll say it again…when you do good, let the world know!

Click here to read the rest of the story.

Add comment August 2nd, 2008

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