Day: March 3, 2023

50-Unit Storage Facility Opens in Old Snowmass

The first self storage facility ever built in Snowmass.” Snowmass Self Storage consists of two new buildings with small and large units in Old Snowmass near the corner of Highway 82 and Snowmass Creek Road. The buildings were constructed in the same location as a former open lot that contained various vehicles and watercraft. Amid a market in which availability at regional storage facilities has been limited in recent years, two entrepreneurs have opened a new storage center in Old Snowmass. Snowmass Self Storage, developed by Ryan Chadwick and business…

Associated Banc: Bank Announces $8.6 Million Loan for Self Storage Facility in Spring Hill, Florida

Associated Bank announced the closing of an $8,639,027 bridge loan to an affiliate of Metro Storage LLC for the completion of 504 climate-controlled self-storage units (49,806 square feet), and 39 non-climate-controlled units (13,050 square feet), at 3286 Barclay Avenue in Spring Hill, Florida. The project also includes 83 covered and 31 covered RV and boat parking spaces. The property was previously vacant land.” Lake Forest, Illinois-based Metro Storage LLC manages over 6.1 million square feet of storage across 88 locations in 12 states and is among the largest private owners/operators/managers…

The Roll Up: Developer Breaks Ground on 7-Story Long Island Facility

In Hempstead, NY on Long Island, LSC Development LLC broke ground on a seven-story self-storage building. It will have 1,382 climate-controlled units spread across 112,188 NRSF. It’s scheduled for completion in Q4 2024. Mancini Mui Architects designed the building. Park East Construction is serving as a general contractor and Centier Bank is providing a construction loan. Source

Absolute Storage Adds 3 Facilities to Management Portfolio

The properties are located in Georgia, Louisiana and Texas.” Absolute Storage Management has been selected to provide management services for three self storage facilities located in three Southern U.S. states, starting January 2023. The properties are in Georgia, Louisiana and Texas, with the last two under private ownership. Absolute Storage Management, founded in 2002, operates more than 140 properties across the U.S. Lumpkin 400 Storage in Dahlonega, Georgia, is an 88,396-rentable-square-foot facility that comprises 573 non-climate and climate-controlled units, ranging from 25 to 300 square feet. The property is located…