A new four-story self-storage facility has been proposed for Sardis Road, according to plans submitted to the city on Sept. 26. The development will act as a storage unit but will also offer units dedicated to wine fermentation. The facility, developed by Bee Safe Storage, will be the second Bee Safe Storage in Asheville. Bee Safe has another Asheville storage site, which also acts as a wine cellar, at 1292 Hendersonville Road. The development is next to DeBruhl’s Used Car Superstore and the Sardis Road and Sand Hill Road intersection.…
Category: Development News
National Storage Opens at Frenchtown Township’s Former Kmart Site in Monroe, MI
The former Kmart and adjacent Kmart Service Center buildings have been transformed into a self-storage center. Land parcels in the parking lot are for sale, and other businesses are expected to be built at the site. On Thursday, a ribbon-cutting and grand opening event took place at National Storage, 1290 N. Monroe St. The business employs two and offers 782 rentable, climate-controlled storage units. “We have over 70,000 square feet of rental,” Jacob Fuller, True Storage operations manager, said. “The former tire store is where the rents office is located,…
Go Store It Opens New Site in Baton Rouge, LA
Go Store It is now open at 1683 O’Neal Lane in Baton Rouge. The facility features 86,680 square feet of space, with more than 550 storage units. Climate-controlled units are available. This is the first Baton Rouge location for North Carolina-based Go Store It. The company has 88 locations across the U.S., including one in Lake Charles. The self-storage business is located in a former Hobby Lobby building, which Go Store It bought in May 2021 for $3.9 million. Source
StorSafe Self Storage Expands Facility in Merrillville, IN
StorSafe Self Storage of Merrillville recently expanded by two new buildings. The additions offer 12,000 square feet more vehicle space, which is climate controlled. The parking recently was repaved and ready for a variety of recreational vehicles. “This expansion is more than just offering the area’s self-storage consumers a unique market service, it’s also about enhancing operational efficiency and setting the stage for substantial investor ROI,” said Tom Bretz, CEO of StorSafe. “Our focus is always on delivering profitability, in part by delivering the very best customer experiences.” StorSafe (Merrillville):…
Cooper Companies Inc. Announces the Completion of Site Improvements for its Self-Storage Facility in Flagstaff, AZ
Arizona self-storage developer and operator, Cooper Companies Inc., has announced the completion of site improvements of the 104,672-sf three-story climate-controlled self-storage facility at 1683 West Route 66 in Flagstaff, AZ. The excavation work on the new construction site took 2 months to complete. The contractors, TLW Construction and 108 Excavating, completed the excavation with a portion of the rock removed to be reused during construction and landscaping. “Finishing the challenging site improvements was an important step towards completion of this project,” said Mark Hanneken of Cooper Companies, Inc. The General…
City Approves Self-Storage Facility at Former Lockley Manufacturing Site in New Castle, PA
City officials on Monday paved the way for the demolition of the vacant Lockley Manufacturing building for the construction of a four-story self-storage facility. “This is an opportunity,” attorney Angelo Papa, who represents the developer, told the Zoning Hearing Board of Appeals during a Monday hearing. “This town has to survive and find new ways to use properties. This isn’t a tattoo parlor, but a $5 million building. This area will be beautiful.” Zoning Hearing Board members Rich Gormley, Bess Ondako and Ronald Davis agreed to waive zoning requirements for…
Lawrenceburg Self Storage Celebrates Grand Opening Next to Lawrenceburg Fairgrounds, IN
Giveaways, a food truck and kids activities highlighted a beautiful Saturday at Lawrenceburg Self Storage. The new storage facility at 200 Speedway Drive, next to the Lawrenceburg Fairgrounds, celebrated their Grand Opening on Saturday. They did so by giving away a 65-inch TV, gift cards, and first month free storage to a number of attendees. Lawrenceburg Self Storage features a variety of storage units that are open for access 24 hours a day for residential and commercial customers. The top-quality climate-controlled units keep your items both cool and dry no…
Phoenix Investors: To convert Menasha Industrial Facility into Self-Storage in Menasha, WI
An affiliate of Phoenix Investors (“Phoenix”), a private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it will convert its property located at 2225 American Drive in Menasha, Wisconsin into a large self-storage facility. Consisting of approximately 65,000 net rentable square feet, Phoenix intends to add up to 600 self-storage units to the property. In addition to the self-storage conversion, the facility will offer over 100,000 square feet of RV and boat storage parking and several executive office suites. Formerly operated as a call center, the subject site features…
Basis Industrial Closes on $8.3 Million Construction Loan for Self-Storage Facility in Detroit, MI
Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, closed on an $8.308 million construction loan on Sept. 22, 2023 for a self-storage facility located at 1610 Algonquin Street, Detroit, MI 48215. Basis Industrial acquired the land on which the storage facility is being built in October 2021. This is Basis’ third construction loan closing this year. Basis continues to source financing due to its long track record of success and deep financial acumen. Berkadia sourced the construction financing from Old…
Big Cypress Capital, an SB360 Affiliate, 4 Rivers Property Group, Declaration Partners Form JV to Develop Self-Storage Facilities Throughout Southeastern US
Big Cypress Capital, an SB360 Capital Partners affiliate, along with 4 Rivers Property Group and Declaration Partners (the “Partnership”), announced the formation of a joint venture to develop ground-up Class A self-storage facilities in high-growth markets throughout the Southeastern US. In announcing the joint venture, the Partnership also disclosed it completed its first land acquisition in Southwest Florida in 2Q 2023. Development on the high-traffic site located on US 41 in Sarasota will commence by early 2024 and deliver approximately 12 months later. The Partnership will engage with best-in-class third-party…