SELF STORAGE

Self storage facilities are businesses composed of real estate or personal property cargo transit containers divided into self storage spaces that are rented to tenants, usually on a monthly basis

The term "self storage" is short for "self-service storage", and is also known as "mini storage" or "mini warehouse" (archaic). Self storage facilities lease space to individuals, usually storing household goods, or to small businesses, usually storing excess inventory or archived records. The rented spaces, known as "units", are secured by the tenant's own lock and key. Facility operators do not have casual access to the contents of the space unlike a professional warehouseman. A self storage operator never takes possession, care, custody or control of the contents of the storage rental space unless a lien is imposed as provided in self storage laws for non-payment of rent. Self storage facility operators usually provide computer-controlled access to rental space areas and many use security cameras.

Self storage today

As of year-end 2007, a total of some 52,000 self storage facilities have been developed in the United States on industrial and commercial land parcels, usually on three- to 7-acre (28,000 m2) properties. There is more than 2.2 billion square feet of self storage in the U.S., or a land area equivalent to three times Manhattan Island under roof.

The U.S. self storage industry generates more than $20 billion in revenues each year.

More recently, in many metropolitan cities where competition among storage companies is fierce, better parcels of land near residential and commercial areas are being converted into self-storage. Moving trucks and vans may also be available for rent when the facility includes a truck rental franchise. A few storage facilities allow the use of a truck for free or even send a truck to your nearby home or business as a move-in promotion.

Inside a self-storage facility

Self storage businesses lease a variety of unit sizes to residential and business customer/tenants. Popular unit sizes include 10x5 (10 feet wide by 5 feet (1.5 m) deep) which is about the size of a large walk-in closet, 10x10 (the size of a child's bedroom), 10x20 (one-car garage), 15x20 and 20x20 (two-car garage). The storage units are typically windowless, walled with corrugated metal, and lockable by the renter. Chain-link fencing or wire mesh may function as a more secure ceiling than a suspended ceiling. Each unit is usually accessed by opening a roll-up metal door, which is usually about the same size as a one-car garage door. A controlled access facility may employ security guards, surveillance cameras, individual unit door alarms and some means of electronic gate access such as a keypad or prox card. A few facilities even use biometric thumbprint or hand scanners to ensure that access is granted only to those that rent.

Example of an older, urban self storage facility.

In rural and suburban areas most facilities contain multiple single-story buildings with mostly drive-up units having natural ventilation, but which are not climate-controlled. These buildings are referred to as "traditional". Climate-controlled interior units are becoming more popular in suburban areas. In urban areas many facilities have multi-story buildings using elevators or freight lifts to move the goods to the upper floors. These facilities are often climate-controlled since they have mostly, if not all, interior units. Warehouses or grocery stores are sometimes converted into self storage facilities. Loading docks are sometimes provided on the ground floor. Also, complimentary rolling carts or moving dollies are sometimes provided to help the customers carry items to their units. Urban self storage facilities might contain only a few floors in a much larger building; there are successful self storage businesses cohabitating with light manufacturing, office tenants and even a public school.

One in ten U.S. households now rent a self storage unit. The growing demand for self storage in the U.S. is created by people moving (some 40 million Americans move each year), and by various lifestyle transitions, such as marriage, divorce, retirement, a death in the family, etc.

Customers are generally allowed to store any non-hazardous, non-toxic, non-perishable material in the facility: personal items, furniture, motorcycles, overstocked retail wares, etc. Customers are prohibited from sleeping or otherwise living in the room. If the customer fails to pay the rent, a lien is placed on the customer's goods and they are sold at auction. The storage facility lien rights are codified in most states. The customer is still responsible for any rent and fees due if the auction does not clear their balance. (i.e. California Self-Service Storage Facility Act, Business & Professions code Sec 21700 et seq.)

Many national and state trade associations were formed in the mid 1970s.

Self storage worldwide

There are approximately 58,000 self storage facilities worldwide, of which 52,000 are located in the United States.

According to a report (1st June 2006) by Mintel Consulting and in collaboration with the Self Storage Association of the United Kingdom space available for rental in the USA is approximately 1.6 billion rentable square feet, against 22 million rentable square feet in Australia and around 20 million in the United Kingdom. The report also states that there are around 41,000 facilities in the USA, 1,000 in Australia and around 600 in the United Kingdom. In recent years, the self storage market has grown considerably with the UK now the largest and most established in Europe. Market penetration, however, is still somewhat lower than in the US and Australia, and the UK Self Storage Association anticipates the market to grow with a compound annual growth rate of 10%-15% going forward. With social factors (for instance, high divorce rates), and other pressures such as increased workforce mobility and the growth of the home improvement market playing a part, it is easy to see why many more customers might be calling upon the services of storage facilities in the near future. Storage facilities offer a flexible, secure and cost effective solution when the homeowner wishes to create a little extra space in the home. Or perhaps when furniture needs to be stored between house moves or during decorating. Another frequent customer is the student looking to store belongings in between terms. The bigger more reputable storage companies will also tend to offer a whole range of useful items such as packaging, removal boxes and bubble wrap or van hire, to provide an all-round solution to all household, business and student storage needs.

Climate-controlled storage and cold storage

Some facilities are climate controlled to prevent mold or mildew and other moisture problems. Humidity control is more important for storage than temperature control. A common setting for the facility humidistat is a maximum relative humidity of 50%, while a common temperature range for the thermostat is 50 °F (10 °C) to 80 °F (27 °C). A few facilities have even added areas for self storage of goods with special needs, such as wine.

A cold storage facility provides rooms with very low temperature suitable for the storage of perishable items like meat and vegetables. Many of these are left over from the days when most freight was shipped via railroad; with the advent of refrigerated trucking, door-to-door cold transportation became common.

Storage auctions

In the United States, self storage facilities may hold storage auctions or lien sales to vacate non-paying tenants according to their enforcement rights that are outlined within the lien law of each state. These lien auctions are open to the general public, with most bidders buying for the purpose of reselling for profit.

As part of another business

Less formal public storage might be a found in locker rooms, cloak rooms, left luggage areas, bicycle lockers, train stations, amusement parks (especially water parks), and airports. It is of note though that since the September 11, 2001 attacks, storage in these small kiosks is no longer allowed at American airports, per federal law. There may be an attendant or an automated vending machine to collect the fee and control access, or it may simply require dropping a few coins into a slot to allow a key to be removed locking a compartment. At a swimming pool or sauna the key will be attached to a wrist or ankle strap. These types of storage are typically not related to a distinct self-storage business, being rather ancillary services provided as part of another business.

ABOUT MURRIETA:

Murrieta is a city in southwestern Riverside County, California, United States. The population was 44,282 at the 2000 census. Population was estimated to be 100,173 in 2008, making it one of the fastest growing cities in the state. Largely residential in character, Murrieta is considered a bedroom community, with large numbers of its residents commuting to jobs in San Diego and Orange counties, and the more industrialized neighboring city of Temecula to the south. Murrieta is bordered by Temecula to the South and the newly incorporated cities of Menifee and Wildomar to the North. Murrieta should not be confused with Rancho Murieta, which is an unincorporated community in northern California, near Sacramento.

History
The old mill in historic downtown Murrieta. For most of its history, Murrieta was not heavily populated. Its gently rolling hills dotted with native trees such as the now-threatened Engelmann Oak encouraged a Spaniard named Esequial Murrieta to purchase 52,000 acres in the area, intending to bring his sheep raising business to California. Instead, he returned to Spain and turned the land over to his younger brother, Juan Murrieta (1844-1936), who brought 100,000 sheep to the valley in 1873. Others discovered the beauty of the valley after the construction of a depot in 1882 that connected Murrieta to the Southern California Railroad's transcontinental route. By 1890 some 800 people lived in Murrieta. It is said that Don Juan used the natural hot springs to bathe his sheep; eventually the hot springs became a focal point for the town. Murrieta residents capitalized on the springs by developing them into the Murrieta Hot Springs Resort, which attracted visitors from all over the country. Today much of the site (about 50 acres) is home to a Bible college and conference center, owned by Calvary Chapel Costa Mesa, which has invested millions of dollars into restoring and rebuilding the old resort rooms. When the trains stopped in 1935, tourists - the lifeblood of the town - were much harder to come by. The boom that Murrieta had experienced due to the train and the hot springs gradually died, leaving Murrieta as a small country town. Although US 395 did pass through Murrieta, it wasn't until Interstate 15 was built in the early 1980s that another boom began to take hold. By the late 1980s, suburban neighborhoods were being constructed and people migrated to the Murrieta area from San Diego, Riverside, and Orange Counties and the population grew rapidly. In 1990, residents began a campaign for cityhood that resulted in the establishing of the City of Murrieta on July 1, 1991. By then the population had ballooned from 2,200 in 1980 to 24,000. Between 1991 and 2007, the city's population skyrocketed to an estimated 97,257.

Education
The City of Murrieta is served by the Murrieta Valley Unified School District (MVUSD). The district contains eleven elementary (K-5) schools, three middle (6-8) schools, two comprehensive high (9-12) schools, Vista Murrieta High School and Murrieta Valley High School, one continuation school (Creekside High School), and one independent study school. Because of the explosive growth in the area, one elementary school, another middle school, and another high school are in the making. The name of the new high school was announced to be Murrieta Mesa High School, and is planned to have its first year of class in the 2009-2010 school year. The Murrieta Valley School District boasts some of the top schools in the county of Riverside. Also located in Murrieta is the Calvery Chapel Bible College.

Notable residents
* Professional cyclist Floyd Landis, disqualified winner of the 2006 Tour de France, makes his home in Murrieta with his family when he is not racing or training in Europe.
* Professional tennis player and Olympic gold medalist, Lindsay Davenport graduated from Murrieta Valley High School in 1994.
* Professional golfer Tom Pernice, Jr., a two-time winner on the PGA Tour, makes his home in Murrieta.
* Track athlete Tyree Washington, world record holder in the 4x400m relay and 5-event IAAF World Championship gold medalist ('97 & '03 world, '06 - world indoor), resides in Murrieta.
* Professional Major League Gaming player Ben Jackson is originally from Murrieta.
* Barry Bonds of the San Francisco Giants used to be a resident of Bear Creek.
* NFL Player Jorge Cordova graduated from Murrieta Valley High School in 1999.
* Minor league baseball player Brian Venezuela graduated Vista Murrieta High School in 2008.
* Nate Adams freestyle motorcross rider, used to be a residence of Murrieta, and is now a resident of Temecula
* Julio Rose , award winning movie producer/writer for MTV Networks is a current resident.

Murrieta ranked as the 44th safest city in the nation and remains the safest city in Riverside County according to CQ Press 2007 City Crime Rankings. Murrieta remains the safest city in Riverside County and one of the safest in the state and nation for populations between 50,000 and 100,000 according to the most recent crime statistics published by the F.B.I. for 2005. The city was also cited as the 39th safest city in the nation by the Morgan-Quinto Press in 2006. The Murrieta Police Department holds the unique distinction as the only municipal police department in Southwest Riverside County.

It was magnificent land blessed with verdant open spaces dotted with towering oak trees, sycamores, a valley of rich grasses and natural hot springs. It reminded Esequial Murrieta of his native Spain, so he bought 52,000 acres, fully intending to move his sheep ranching operation here from central California.

But he never did, going back to the Santurtzi area of Spain to marry and turning his holdings over to younger brother Juan, who brought a flock of some 100,000 sheep to the valley. The year was 1873.

And that was the start of something that would grow to be very big.

In 1882, the Southern California Railroad laid tracks linking the valley to its southern transcontinental route. By 1890, Murrieta had experienced its first boom, the population reaching 800, big for those days.

The natural springs that proved a cleansing dip for Juan’s flock later were instrumental in bringing international renown to the community as the Murrieta Hot Springs Resort flourished during the first half of the 1900s.

In 1935, the trains stopped running and the boom Murrieta had been enjoying went bust. The calm lasted for 50 years until a new community sprouted almost overnight and began a period of phenomenal growth. Extending Interstate 15 through the valley was the impetus for building what was at that time extremely affordable housing.

When Murrieta officially became a city on July 1, 1991, it was already home to more than 24,000 residents. Compare that to the 2,200 estimated to have been living here in 1980.

By 2005, more than 85,000 people had moved to the community, making it one of the five largest in Riverside County.

The natural scenic beauty of the area and what is still by California standards reasonably priced housing continues to attract significant numbers of residents and businesses who are finding Murrieta a great place to grow.

Those living in the community find distinguished schools, abundant recreation, excellent medical facilities expanding employment opportunities and one of the lowest crime rates in Southern California.

And entrepreneurs find a market growing larger by the day, above average household incomes, a skilled labor force and a business-friendly city hall.

It’s a community with a past and vision for its future. One that welcomes challenges, takes risks, embraces opportunity.

More and more people are discovering what the Murrieta brothers envisioned more than a century ago: Murrieta is, indeed, a great place to grow.

Historic Murrieta


Washington Avenue downtown	Fountain House (boarding house destroyed by fire in 1935)	Train station (trains stopped running in 1935)

First Murrieta school house	A. K. Small softgoods store (building still stands and is a donut shop and barber shop)	Depot

Murrieta’s second school (remnants of building still stand…now owned by city and will be site of history park someday)	Mill / grain elevator (still stands)	Methodist church that burned down (parsonage next door is now a funeral home)

B Street looking east from Washington	One of the early Firemen’s BBQs at the original fire station

MURRIETA NAMED AMERICA'S NO 1 POSTBOOMTOWN BY FORBES.COM

Forbes.com

Woodbridge, Va., a 40,000-person, Washington D.C., suburb called the outer beltway by locals and real estate brokers, is a perfect model of that regions housing boom and bust.

The city’s population grew by 27% from 2000 to 2007, as residents flocked to the affordable housing, quiet tree lined neighborhoods and local parks available there.

Home sales then spiked, and transactions doubled between 2003 and 2005 -- to 2,000 a year, according to Trulia.com.

But what was done quickly just as rapidly came undone. Prices are now down 40%, and transactions have halved from peak levels. It seemed Woodbridge was destined to host vacant, foreclosed properties.

Only that hasn’t happened. The local housing market is bouncing back as buyers search for deals. In fact, its transaction rate has returned to 2005 levels. The swell of adjustable-rate-mortgages and subprime, adjustable-rate loans in Virginia defaulted at 23%, one of the higher rates in the country, according to the Mortgage Bankers Association. That landed towns like Woodbridge in trouble, but it’s now showing positive signs of correction, even if the average price of foreclosed homes -- currently $213,416, down from a high of $333,900 a year ago -- are still depressed.

“Looking at the prices, I cant believe how cheap they are in the places people are starting to buy them up,’ says Cullen Watson. a Washington D.C., real estate attorney. “That’s good for them, at least they're hitting bottom.’

In Depth: Americas Post-Subprime Boomtowns

Woodbridge joins Murrieta, Calif., Queen Creek, Ariz., and Port St. Lucie, Fla., on a list of towns that have been ravaged by sub- prime mortgages and foreclosures but where buyers are returning the market. Using data from RealtyTrac, an Irvine, Calif. -based foreclosure listing firm, we examined every U.S. town with a population under 100,000 to identify places where purchases of foreclosed properties have surged most in the last year to get a sense of the towns in which buyers are investing.

Best Bets

Though these places are foreclosure-rich, buyers view them as good long-term bets. In the D.C. metro area, its because of the area’s enviable unemployment rate, the lowest in the country, according to the Bureau of Labor Statistics. In markets that overheated, such as those in California, its because house prices have finally dropped into line with incomes for the first time since the late ‘90s.

And while foreclosure sales may look like a silver lining instead of something encouraging, consider that there are plenty of foreclosure areas where buyers have not come back into the market. Take Kissimmee, Fla. Hit hard by foreclosures, the towns prices are down 25% this year, according to Trulia. It ranks 465th nationally in the number of foreclosure sales, a sign that prices still have a long way to go before buyers view it as a good buy.

Subprime loans caused a lot of these foreclosures, socking housing markets across the country. According to the Mortgage Bankers Association, a trade group in Washington, D.C., 19.5% of subprime loans have fallen into foreclosure, with that figure as high as 30% in Florida and 25% in California. In many of the exurbs most affected, buyers have not returned.

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Historic Murrieta

FOCUSING ON: "Looking for Great Self Storage?" Clean, Safe, Secure and Feels Like Home

Furniture Storage Units

5x5 (Standard Closet)

5x10 (Large Walk-in Closet)

10x10 (Standard Bedroom)

10x15 (Large Bedroom)

20x20 (Large Single Car Garage)

Historic Murrieta

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