Denver’s Self Storage Market Saw Busiest Year on Record in 2022
One sector of Denver’s commercial real estate had a busy year in 2022 as spending on self storage space surged to $100 million. That’s according to StorageCafe’s most recent industry sales report which examines the state of the sales market and seeks to identify the top self storage markets based on …
Self Storage is Popular in these Colorado Cities
The self storage industry may not be considered glamorous, but nevertheless, its growth and resilience is a response to people’s very practical needs for extra space. Recent trends like the adoption of hybrid work, apartment sizes getting smaller, as well as migration patterns from urban to suburban areas have created …
Multifamily Development Driving Denver Self Storage Market to New Heights
Multifamily development naturally creates an increased customer base for self storage. It’s no accident then that storage spaces have been springing up in places where residential development is intense. In the Denver metro area, the apartment boom of the last decade drove self storage construction to new heights. According to …
Industrial Outdoor Storage Lot Sells for $8M
Gordon Storage recently sold a 10-acre industrial outdoor storage lot, known as AAA RV and Boat Storage, located at 5775 Tennyson in Arvada, to OUTOUR ACQUISITIONS LLC, a Delaware limited liability company. The property closed on May 31, 2022, for $8.05 million. Jason White and Nick Steitz of JLL served …
Former Toys R Us Building in Colorado Springs to be Converted to Self-Storage
Denver-based In Self Storage Management, LLC has purchased a former Toys R Us building located at 3730 North Citadel Drive in Colorado Springs and plans to convert the site into a mini storage facility. Patrick Kerscher, a retail specialist with CBRE’s Colorado Springs office, represented the seller, Dunton Commercial of Colorado in the sale. “This …
Denver-based Investment Firm Adds Four Properties to Mark Closing of Self Storage Fund
Denver-based real estate investment firm VanWest Partners has added four self storage facilities to VanWest Storage Fund I, LLC with the acquisition of three properties in Collierville (Memphis), Tennessee, and one property in Blue Island (Chicago), Illinois. Green & Sons Storage, located in the Memphis suburb of Collierville, was built between 1998 …