The Tax Cuts and Jobs Act of 2017: How Will Self-Storage Owners Be Affected?
President Donald Trump recently signed a tax-reform bill into law that provides the most significant U.S. tax changes since the Tax Reform Act of 1989. While self-storage owners will continue to enjoy many of their previous tax-relief advantages, some modifications could affect industry investments.
Sold! Weekly Self-Storage Acquisition Round Up 3.7.18
An unidentified private investment group bought U Storage OK in Edmond, OK, from an unidentified LLC for an undisclosed amount. The newly built facility, at 14000 N. I-35 Service Road, features 623 units in 134,318 net rentable square feet on a nearly 7.9-acre site. Newport Beach, CA-based US Storage Centers has been tapped to manage the facility. Trey Hammond and Michael Mele, both of Marcus & Millichap, represented the seller. Brian Fulton of Marcus & Millichap represented the buyer.
The Mele Group of Marcus & Millichap Completes Sale of U Storage OK
The Mele Storage Group of Marcus & Millichap has arranged the sale of U Storage OK, a 134,318-square-foot storage facility in Edmond, a suburb of Oklahoma City. The firm marketed the property on behalf of the seller, a limited liability company and represented the buyer, a private investment group.
The Mele Group of Marcus & Millichap Arranges the Sale of a 7.89-Acre Self-Storage Facility
OKLAHOMA CITY, OKLAHOMA, March 2, 2018 - 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 U Storage OK, a 7.89-acre self-storage facility located in Oklahoma City, Oklahoma, according to Kyle Palmer, vice president and regional manager of the firm's Tulsa office.
Strategic Storage Growth Trust, Inc. Acquires 695-Unit Newly Constructed Self Storage Facility in Tampa Bay Area
TAMPA, Fla., Feb. 22, 2018 /PRNewswire/ -- Strategic Storage Growth Trust, Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced today its purchase of a 695-unit self storage facility in the Tampa suburb of Riverview, Florida. Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, brokered the sale of the new facility, completed earlier this month.