Investment Real Estate, LLC Announces Sale of Wallkill Valley Self Storage

York, PA – May 5, 2016 Locally owned and operated Investment Real Estate, LLC announces the sale of Wallkill Valley Self Storage for $2,000,000 to a private investment group. Wallkill Valley Self Storage is located on Route 23 between the towns of Hamburg and Sussex in Sussex County, New Jersey.

Wallkill Valley Self Storage consists of 13 single story metal buildings with over 400 storage units and outdoor parking spaces. The facility is located on over 16 acres of Commercial zoned land with excellent visibility from Route 23, a major north-south arterial serving greater Hamburg.

The property has on on-site rental office. Site improvements include standing seam metal roofs, asphalt and gravel driveways, fenced perimeter, exterior lighting and keypad operated gate.

John Gilliland, President and CEO for Investment Real Estate, states, “We were happy to facilitate the sale for the owner of this property who built it nearly 30 years ago. We get great joy out of seeing someone reap the fruits of their labor. The Seller was happy to get some credit for upside potential and the Buyer was happy to acquire a mature property with upside in today’s hot real estate market. It was a win-win for all parties.”

ABOUT INVESTMENT REAL ESTATE, LLC

Since our inception in 1998, Investment Real Estate, LLC has specialized solely in the self storage industry, including Brokerage, Construction, Management and Development. We travel thousands of miles each year, meeting and getting to know clients in the markets we serve, networking at various industry associations and functions, while developing our reputation as the go-to source for information in the self storage industry. We are the #1 Broker of Self Storage in the Mid-Atlantic and Northeast States. For more information, please visit www.irellc.com.

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U-Haul Buys Self-Storage Development Site in Howell, NJ

sssPhoenix-based U-Haul International Inc. has purchased a 4.7 acre self-storage development site in Howell, N.J., for $850,000. Located along U.S. Route 9, the property is approved for 118,000 square feet of storage space. The sellers had originally obtained the entitlements to develop storage on the site themselves but decided to move in a different direction and list the land for sale, according to a press release from the Argus Self Storage Sales Network, the commercial real estate firm that brokered the transaction.

The project offered significant upside for the buyer, including high visibility, good demographics and a high traffic count, the release stated.

The broker was Linda Cinelli, founder of LC Realty and an Argus affiliate for New Jersey and New York.

Argus is a Denver-based network of real estate brokers who specialize in storage properties. Formed in 1994, the company has 36 broker affiliates covering nearly 40 markets.

Established in 1945, U-Haul has more than 44 million square feet of storage space at more than 1,200 owned facilities throughout North America.

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Strategic Storage Trust II, Inc. (SST II) Acquires 530-Unit Self Storage Facility in Florida

PORT ST. LUCIE, FL–(Marketwired – May 3, 2016) – Strategic Storage Trust II, Inc. (SST II) — which is sponsored by SmartStop Asset Management, LLC — recently purchased a self storage facility located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA). The four-building facility totals approximately 530 units and approximately 53,100 rentable square feet.

“We targeted this self storage facility due to its high occupancy level and solid location,” said H. Michael Schwartz, chairman and CEO of SST II.

Built in 1999, the Port St. Lucie facility sits on approximately 3.56 acres and is approximately 97% occupied. Located at 525 SW South Macedo Boulevard, the facility offers drive-up, RV spaces and climate controlled units.

About Strategic Storage Trust II, Inc. (SST II)

Strategic Storage Trust II, Inc. (SST II) is a public non-traded REIT that focuses on stabilized self storage properties. The SST II portfolio includes approximately 27,600 self storage units and approximately 3.0 million rentable square feet of storage space.

About SmartStop Asset Management, LLC

SmartStop Asset Management, LLC is a diversified real estate company with a managed portfolio that currently includes approximately 43,000 self storage units and approximately 4.7 million rentable square feet. The company is the asset manager for 69 self storage facilities located throughout the United States and Toronto, Canada. SmartStop Asset Management is the sponsor of SST II and Strategic Storage Growth Trust, Inc. (SSGT), a public non-traded REIT focused on opportunistic self storage assets. The facilities offer affordable and accessible storage units for residential and commercial customers. In addition, they offer secure interior and exterior storage units as well as outside storage areas for vehicles, RVs and boats. In 2015, key executives at Smartstop Asset Management negotiated the sale of SmartStop Self Storage Inc. (Smartstop), a fully integrated, self-administered and self-managed self storage company, owning and/or operating 170 self storage properties in 21 states and Toronto, Canada, to Extra Space Storage Inc., the second-largest storage operator in the United States, in a merger transaction with SmartStop having an enterprise value of $1.4 billion.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company’s prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.

CONTACT INFORMATION

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ARGUS BROKER AFFILIATE SELLS COLORADO SELF STORAGE FACILITY

Joan Lucas, of Joan Lucas Real Estate Services, represented the seller of Mary’s Magazine Storage located in Cañon City, CO which sold in March 2016 for $2,200,000. The property is comprised of two locations at 1035 Field St. and 1935 High St. and offers 66,850 RSF of self storage and RV/Boat Storage. The buyer was a local investor who was interested in adding to his portfolio of self-storage properties in Colorado.
Joan is the Argus Self Storage Sales Network broker affiliate representing the State of Colorado. She can be reached at 720-855-6587. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the ASSSN has 38 Broker Affiliates covering nearly 40 markets with a combined transaction history of over $2 Billion. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property.

For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.

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Industry Leaders Partner to make the payment process Simple, Secure, and Available 24/7

PHOENIX, ARIZONA – April 25th, 2016 –  OpenTech Alliance Inc., the leading innovator of automation solutions for the self storage industry and  Select Merchant Solutions, the industry’s leading payment processer have partnered to market OpenTech’s pay by phone solution – XpressPay in conjunction with Select Merchant Solutions credit card payment processing service. The two companies are combining efforts to help Select Merchant Solutions’ customers make the rental payment process an effortless experience for both the tenant and the facility manager.

In 2015, the Self-Storage Call Center at OpenTech (INSOMNIAC Live!) processed a total of 357,727 tenant payment transactions for their portfolio of storage clients.  The amazing thing is that over 218,286 were processed automatically by XpressPay. Tenants that called to make their payment over the phone preferred to use the automated service instead of talking with a storage employee.

Ron Park, Director of Sales at Select Merchant Solutions said, “This trend is a huge call to action for our storage clients.  We now know that a majority of storage tenants prefer to pay their rent through XpressPay, rather than over the phone with a storage employee.  By integrating this inexpensive transaction tool, over 60% of the time spent processing payments by phone can be reduced by offering them an automated solution. In addition, our owner-operators and store managers will see accelerated cash-flow and reduced collections as added benefits of the solution.”

“We chose OpenTech to deliver this service because they have such a long history of proven success with their self-storage innovations and industry leading customer service.  They offer the best web, mobile and on-site platforms on the market, period.  Our focus has always been to help our clients through the use of transaction technology that is proven successful.  Uniting with an industry leader like OpenTech was only natural,” said Park.

Robert Chiti, President and CEO at OpenTech said, “Our strategy is to grow our business through internal innovation, acquisition and partnerships.  We are very excited to be working with Ron to help his clients reduce their risk of credit card fraud, lower their costs and make their customer’s tenants happier.”

XpressPay offer the following benefits:

  • Services English and Spanish speaking tenants
  • Works 24/7
  • Takes payments for multiple facilities with only one customer service phone number
  • All payments are processed thru the facilities property management software (all major players supported)
  • Supports charging a convenience fee
  • Never waives late fees
  • Recognizes callers automatically and will use the credit card they have on file, if available
  • Sends payment receipts via email
  • Offers added fraud protection
  • Handles balance inquiry, paid thru date and payment calls
  • Simple setup
  • Available for facilities NOT using OpenTech’s call center

Contact OpenTech to learn more about how XpressPay can help your business make your payment process effortless. XpressPay costs less than a round of fancy coffees at Starbucks each month.

Why We Do What We Do: Every day, OpenTech Alliance connects thousands of tenants with storage companies around the world. With over 4,000 daily transactions, the companies automated products and services helped Storage Managers move-in over 100,000 tenants in 2014, generating over 100 million dollars in new sales revenue alone. OpenTech also owns a majority stake in Storage Treasures, LLC and operates www.storagetreasures.com, the largest online and onsite self-storage auction market place in the industry with over 900,000 bidders, 6,500 self-storage facilities and over 140,000 auctions held in 2015. OpenTech, Making Self-Storage Easier, So More People will Use It. For additional information, please visit www.opentechalliance.com or call an OpenTech Business Development Manager at (602) 749-9370.

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Talonvest Capital “Walks the Walk” for Local Charity

Irvine, CA – April 21, 2016 – Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor, received the 2016 Top Corporate Fund Raising Award for the second year in a row from the Orange County Ronald McDonald House at the recent 5K Walk for Kids. Talonvest is proud to assist the Orange County Ronald McDonald House and Ronald McDonald Family Rooms in its efforts to provide comfort, support and care for families of children receiving treatment in Orange County hospitals.

Talonvest has made a direct annual donation to the Orange County Ronald McDonald House in addition to rallying clients, capital providers, friends, and family to donate through the Walk for Kids. Receiving the 2016 Top Corporate Fund Raising Award was made possible by several colleagues that share the firm’s values on giving back. Firms such as, Devon Self Storage, Post Management, Stor-All Group, North American Self Storage Group, Clark Investment Group and Wells Fargo to name a few. “I had a personal experience with the Ronald McDonald House when my child fought for her life.” says Talonvest principal, Eric Snyder. “We were so grateful for the compassion and the services they offered us during our time of need.”

In addition to lending financial support, the Talonvest team has “walked the walk”, both literally and figuratively. Employees annually participate in Ronald McDonald House’s largest fundraiser, Walk for Kids, a 3.1 mile walk with thousands of supporters. In addition, the team has volunteered time serving dinner to families staying in the house and annually sponsors a guest room at the Orange County Ronald McDonald House, which financially supports all the families that stay in that room for the entire year.

“Giving back to the community is one of our core values at Talonvest” says Talonvest principal, Tom Sherlock. “We are proud to be involved in a wonderful charity that makes such a meaningful impact on peoples’ lives at such a vulnerable time.” The organization provides a “home away from home” and a community where children and their families embrace life and healing with a sense of hope, enthusiasm, courage and joy.

About Ronald McDonald’s House Charities

Ronald McDonald House Charities® (RMHC®), a non-profit, 501 (c) (3) corporation, creates, finds and supports programs that directly improve the health and well-being of children. Through its global network of 300 Chapters in more than 62 countries and regions, its three core programs, the Ronald McDonald House®, the Ronald McDonald Family Room® and the Ronald McDonald Care Mobile®, and millions of dollars in grants to support children’s programs worldwide, RMHC provides stability and vital resources to families so they can get and keep their children healthy and happy. All RMHC-operated and supported programs, enable family-centered care, provide a bridge to quality health care, are a vital part of the health care continuum and give children and families the time they need to heal and cope better together. For more information about RMHC, visit www.rmhc.org, follow RMHC on Twitter (@RMHC), or like RMHC on Facebook (Facebook.com/RMHC Global).

About Talonvest Capital, Inc.

Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners and developers nationally.  The principals of the firm have over 80 years of combined experience structuring loans and equity investments for office, industrial, retail, and apartment properties throughout the United States.  In addition, they have established a dominant niche position in financing self-storage properties across the country.

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Stor-Guard Introduces Patented Wireless Security & Over-Locking System

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KENT, Wash. April 20, 2016—Stor-Guard, LLC is unveiling a patented wireless security and over-locking system at the Inside Self Storage World Expo on April 26 and 27 in Las Vegas. The new Smartlok Solutions give self-storage managers an easy way to monitor unit activity and control over-locking using PC or smartphone technology.

Smartlok Solutions include the Smartlok Smart-Latch Series and Smartlok Latch-Defender. The Smartlok Solutions have earned Stor-Guard three patents for self-storage over-locking, according to President John Wollam.

The Smartlok Smart-Latch Series has a unique design that’s a security system with over-locking functions that prevent unauthorized entry to the unit. Smart-Latch contains a sophisticated detector that can sense if a burglar attempts to enter into a unit through the wall or roof and alerts the facility office. It’s the first lock of its kind in the industry, Wollam said.

Smart-Latch also allows tenants the added security of using their own barrel or standard locks.

The Smartlok Latch-Defender is an easy way to add security to a facility, and can be used to over-lock delinquent tenants’ access to their unit.

Both products can be used to retrofit existing products or in new facilities to present a high-end, secure appearance.

“An integral part of Smartlok Solutions are available Smartphone apps that give the self-storage owner and manager complete control of the facility’s security,” Wollam said. “In addition, tenants can monitor the status of their units and open the gate with Stor-Guard’s virtual keypad.”

Each Smartlok product has a built-in door alarm, shock sensor, and heat detector. Each lock features a shock sensor to detect if a burglar attempts to tamper with the lock or door and sounds an alarm. For added security and safety, a heat detector notifies the manager if the lock temperature exceeds 135oF.
Stor-Guard, LLC • 1819 Central Ave. So. Unit #66 • Kent, Washington 98032 • (800) 651-3129 • john@Stor-Guard.com

Smartlok products interface with all major self-storage software management systems, giving the manager the ability to monitor and control security right in the office or remotely with mobile devices.

Smartlok Wireless offers several advantages over traditional hard-wired over-lock systems and competing wireless door alarms. Stor-Guard outlined these differences among the locking systems:

• Lock installation with Smartlok Wireless takes only one to five minutes per door.
Hardwired over-lock systems take 45 to 60 minutes per door while other wireless door alarms require five to 10 minutes.

• Lock/sensor maintenance with Smartlok Wireless offers easy access from outside the unit for any lock servicing.
Hardwired over-lock systems require access to the tenant’s unit and wireless alarms require a ladder for access.

• Smartlok’s over-lock and unit disarm functions are activated at the door with the built-in keypad and auto relocks after 30 seconds.
Hardwired over-lock systems require entry and exit keypads while other wireless systems don’t have over-locking capabilities or built-in door alarms.

• The Smart-Latch has added protection with the built-in motion detector to detect entry from another unit or roof.
Competing systems don’t have this feature.

• Smartlok has a built-in shock sensor to detect cutting through the door.
Competing systems do not have this feature.

• Smartlok has a built-in heat detector to monitor environmental conditions.
Competing systems don’t have this feature.

• Smartlok has a built-in battery backup, works when there is no power onsite.
Competing systems offer this feature as an option.

Wollam said the price for parts and labor for Smartlok is significantly less expensive than hardwired over-lock systems.

The products are now in beta testing with an expected release later this summer. Product demonstrations are available at Booth No. 427 at ISS World Expo at the Paris Hotel & Resort in Las Vegas. To view Stor-Guard’s full product line, visit www.stor-guard.com.
About Stor-Guard

Stor-Guard is a full service integration and manufacturing firm based in the Seattle area. Stor-Guard specializes in design, manufacturing, installation, and service of security and access control systems for the self-storage industry. The company’s products include electronic gates and access control, intrusion/perimeter protection, and video surveillance systems.

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OpenTech Launches First National TV Advertising Campaign to Promote Live and Online Self-Storage Auctions

PHOENIX, AZ–(Marketwired – Apr 19, 2016) – Just three months after acquiring a majority stake in Storage Treasures LLC, owners of www.storagetreasures.com, the largest onsite and online self-storage auction platform in North America, leading technology providerOpenTech Alliance Inc. is rolling out an aggressive television advertising campaign aimed at bringing new bidders into the action.

The 60-second commercial depicting big scores based on actual storage unit auctions — including precious metals, classic cars and expensive jewelry — will air nationwide on A&E Network later this quarter. The advertising spots will run during episodes of the popular series “Duck Dynasty” and “Storage Wars,” which inspired a new generation of treasure hunters to bid on abandoned storage units.

“We’re investing heavily in promoting and building our community of bidders,” said Robert A. Chiti, OpenTech president and CEO. “The idea is to play off the popularity of reality shows like Storage Wars. As the leading brand, StorageTreasures.com is uniquely positioned to give its storage operators more exposure for their auctions to recoup as much debt owed as possible.”

The Storage Treasures website currently supports more than 900,000 registered bidders and services more than 6,500 self-storage facilities managed by industry leading operators such asExtra Space Storage, A-1 Self Storage, Central Self Storage, Great Value Storage, Compass Self Storage and US Storage Centers.

Over the past four years since StorageTreasures.com launched, the trend towards online auctions has accelerated dramatically and the practice is now an industry standard. More than 20,000 auctions are posted each month on its website, and that number is expected to more than double over the next two years, attracting even more bidders.

“This commercial will reach millions of people, some of whom never knew an online storage auction platform exists,” said OpenTech’s Product Manager Chelsea Horne. “We should definitely see a spike in new bidder registrations.”

“In addition to our commercials, we educate thousands of consumers through our training videos, blogs and forums about the how to hunt for valuable items, buy them at auction prices, and sell them for a profit,” she said. “For many people this process has become a successful long-term business.”

StorageTreasures.com is a free, social site to find live onsite storage auctions or post online auctions at any self-storage facility across the United States and Canada. Members also can bid on storage units online from participating facilities. Storage Treasures has revolutionized the way in which the contents of self-storage units are marketed and publicly auctioned after the lessee has failed to pay rent. The site fills the gap between the operational systems that the industry currently utilizes and the public buyer who may be interested in the contents of a unit that is going to auction. The tools Storage Treasures provides allow the storage industry not only to comply with, but also to exceed the intent of state laws governing the self-storage industry, protecting tenants and bidders alike. For more information please visitwww.storagetreasures.com.

Why We Do What We Do: Every day, OpenTech Alliance connects thousands of tenants with storage companies around the world. With over 4,000 daily transactions, the company’s automated products and services helped Storage Managers move-in over 100,000 tenants in 2015, generating over 100 million dollars in new sales revenue alone. OpenTech also owns a majority stake in StorageTreasures, LLC and operates www.storagetreasures.com, the largest online and onsite self-storage auction market place in the industry with over 900,000 bidders, 6,500 self-storage facilities and over 140,000 auctions held in 2015. OpenTech, Making Self-Storage Easier, So More People will Use It. For additional information, please visitwww.opentechalliance.com/or call an OpenTech Business Development Manager at (602) 749-9370.

CONTACT INFORMATION

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MARCUS & MILLICHAP ARRANGES THE SALE OF TWO MICHIGAN SELF-STORAGE FACILITIES

SOUTHFIELD, MI, April 20, 2016 – 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 Lake Orion Self Storage, a 38,400 square foot self-storage facility located in Lake Orion, Michigan, and StorMax, a 9,150 square foot self-storage facility in Oxford, Michigan according to Steven Ross Chaben, regional manager of the firm’s Detroit office.
Tom Berlin, a self-storage investment specialist in Marcus & Millichap’s Detroit office, had the exclusive listing to market the properties on behalf of the sellers. Berlin also procured the buyer for both facilities, a limited liability company.
Located in Oakland county, one of the ten highest income counties in the U.S., the two facilities offer a total of 292 indoor units plus a 3,600 square foot single-tenant building with a variety of amenities including controlled entry systems, individual unit door alarms, video monitoring and high output, energy efficient exterior lighting fixtures.

About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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JLL Negotiates Sale of Dies Ranch Storage in Suburban Austin

photoHOUSTON, April 19, 2016 – JLL’s Capital Markets experts today announced the firm has completed the sale of Dies Ranch Storage located at 2501 Dies Ranch Road in the Austin suburb of Cedar Park, Texas. CubeSmart, a Pennsylvania-based REIT, purchased the property.

Managing Directors Steve Mellon and Brian Somoza represented the seller, Vision 360 Development, in the transaction. “This new construction offering provided investors with an opportunity to acquire a self storage facility with excellent exposure in a major suburb of Austin and strong surrounding demographics,” said Mellon. Built in 2014, the facility features modern construction and is comprised of 15 single-story buildings, with a total net rentable area of approximately 89,600 square feet. The property consists of 184 climate controlled units and 339 non-climate controlled units. Features and amenities of the property include: secured gates and fencing with electronic access control, 24-hour video surveillance, drive-up units and a retail oriented customer service office. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether a sale, financing, reposition, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe. For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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