Jun 2, 2021
An update on Bolt Storage, my self storage / real estate private equity company:
In 2018 the self-storage arm grew as Bolt Storage purchased a facility at 53 Pinckney Road in Ithaca and added it to the operations at 1401.
2019 was a big year as Bolt acquired three properties in Erie County PA, a property in West Mifflin PA (Pittsburgh), and a facility in Lansing NY.
In January of 2021 the student storage division (Storage Squad) was sold and the self-storage facilities were rebranded under the Bolt Storage name.
By late 2020 and into early 2021 Bolt Storage was hitting on all cylinders, and with new financial partners on board, Bolt Storage began to grow quickly.
Gloversville and Newfield were acquired in the fall of 2020, and in early 2021 Shippenville, East Liverpool, Troy, Horseheads, Elmira and Southport were added to the operation.
As of May 2021, Bolt Storage owns and operates 20 facilities, 4,154 units and 536,300 rentable square feet of self storage in Ohio, New York and Pennsylvania.
The media arm is also growing and Nick hopes to hire a manager for the Sweaty Startup.
The team is also growing fast. Nick has now hired 4 filipinos using supportshepherd.com - which he highly recommends. The team is now up to 13 employees.