ValueXpress obtained a $3.5-million CMBS conduit loan secured by Omni Self-Storage, a 430-unit self-storage facility located in Fayetteville, North Carolina. The new CMBS conduit loan refinanced $1.5 million of existing debt, providing $2 million in cash-out proceeds to the borrower. The proceeds … [Read more...] about VALUEXPRESS OBTAINS $3.5-MILLION CMBS CONDUIT LOAN FOR OMNI SELF-STORAGE IN FAYETTEVILLE, NC
3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...] about 3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
Many of us have been entertained by the antics of Dave Hestor and the rest of the gang on A&E Networks reality television series “Storage Wars.” When rent is not paid for three months on a storage locker in California, the contents can be sold by an auctioneer as a single lot of items in the … [Read more...] about 8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
3.10.17: Visit ValueXpress at the Inside Self Storage World Expo in Las Vegas, NV
Continuing our efforts to meet with clients, Deb Oprean, Charley Lobetti and Dennis Suh will be representing ValueXpress at the Inside Self Storage World Expo and Trade Show at the Paris Hotel & Resort in Las Vegas, Nevada, April 10-13, 2017. ValueXpress will be exhibiting during trade show … [Read more...] about 3.10.17: Visit ValueXpress at the Inside Self Storage World Expo in Las Vegas, NV
3.3.17: Michael Sneden and Dennis Suh Represent ValueXpress at the Self Storage Association Spring Conference & Trade Show in New Orleans, LA
Michael D. Sneden, Executive Vice President, and Dennis Suh, Vice President, will be representing ValueXpress at the Self Storage Association Spring Conference and Trade Show at the New Orleans Marriott in downtown New Orleans, Louisiana, March 15-17, 2017. They will be exhibiting during trade show … [Read more...] about 3.3.17: Michael Sneden and Dennis Suh Represent ValueXpress at the Self Storage Association Spring Conference & Trade Show in New Orleans, LA
5.6.16: Self-Storage in High Demand in New York City
With tiny, expensive apartments and a lot of stuff, decluttering may be what New Yorkers talk about, but what they really do is rent more space. And self-storage companies and real-estate investors are ready and waiting to fill the demand. New York City is packed with customers who see storage … [Read more...] about 5.6.16: Self-Storage in High Demand in New York City
6.8.15: Two Self-Storage Titans Plan to Merge
SmartStop Self Storage Inc. has entered into a definitive merger agreement under which it will be acquired by Extra Space Storage Inc. The merger is expected to close during the latter half of 2015. SmartStop stockholders will receive $13.75 per share in cash, which represents a total purchase price … [Read more...] about 6.8.15: Two Self-Storage Titans Plan to Merge
12.7.10: Self-Storage Presents an SBA Lending Opportunity
SBA loan guidelines were changed recently to allow self-storage, mini-storage and mini-warehouse businesses as an eligible business type. Previously self-storage facilities were only eligible if more than 50% of the business revenue came from sources other than monthly rents. The new SBA guidelines … [Read more...] about 12.7.10: Self-Storage Presents an SBA Lending Opportunity
