California Self Storage Development Lands $28M Loan

Arizona-based 1784 Capital Holdings has received a $28.5 million construction loan for a self storage project in Goleta, Calif. White Oak Real Estate Capital provided the senior secured note, marking the firm’s first debt financing since its launch in July this year as an affiliate of White Oak Global Advisors. Development plans call for a 97,860-rentable-square-foot facility with three above-ground stories and one below-ground level. The project will include 1,023 units, of which more than 900 will be climate-controlled units. The facility is slated for completion within 16 months. Identifying…

Anacortes, WA, Enacts Six-Month Moratorium on Self-Storage Development

The Anacortes, Washington, City Council has enacted a six-month moratorium on self storage development in its commercial zones. A public hearing will be held within 60 days to discuss how to address self storage use moving forward, according to the source. Though the city hasn’t received any formal land-use applications, there’s been an inquiry from Lance Campbell, principal of Jedi Holdings LLC and owner of Skagit Self Storage in Sedro-Woolley, Washington. Campbell, who’s also a veterinarian, purchased the property at 2821 Commercial Ave. for $2 million earlier this year from…

Turnstone Group Completes Development of Self-Storage Facility

Turnstone Group, a real estate developer and investor, announced that its Fayetteville, Georgia self storage development has been completed and opened in spring 2021. The 55,000 square foot, 100% climate-controlled facility is being managed by CubeSmart. “We’re excited to begin our relationship with CubeSmart. Their expertise in self storage management and operations has already helped our facility in Fayetteville outperform projections,” said Adam Goldstein, who leads the self storage developments for Turnstone. “Fayetteville was underserved by Class A climate-controlled storage facilities, and we look forward to meeting the area’s storage…

Winter Garden-Based Store Space Plans Nationwide Expansion, New HQ

A fast-growing Winter Garden-based self storage company wants to expand its nationwide footprint and build a much larger new headquarters. Store Space Self Storage plans to build a new 60,000-square-foot, Class A headquarters on 16 acres it has under contract to buy for an undisclosed price. The land at 560 E. Crown Point Road is currently vacant, with Deepcreek Partners LLC last purchasing the similar parcels for $2.2 million in January 2015, according to the Orange County Property Appraiser. Based on industry standards, the new corporate office space would cost…

Planning Board Approves 104,700 Square Foot Self Storage Facility and Plans to Reevaluate How It Deals with Warehouses

Elizabeth Avenue continues its commercial development with the Planning Board’s approval of a 104,700 square foot self storage facility that will sit just up the road from a series of warehouses approved earlier this year. The three-story facility will replace the landscaping business currently at 470 Elizabeth Ave., adjacent to the Somerset Run age-restricted development to the north and east of the site. The board waived for a fence along the property line citing the plan for a significant landscape buffer and setback from the neighboring property. This is a…

Trojan Storage Plans Large Self Storage Facility in San Fernando Valley

Trojan Storage is looking to build a 167,000-square-foot self storage facility in the San Fernando Valley, expanding in a Los Angeles market that is the biggest in the nation in that sector. The firm is planning the complex at 14201 South Paxton Street in Arleta, according to data from PropertyShark. The proposed facility would rise on a vacant lot spanning 2.8 acres. KoBre Holdings, Trojan’s parent company, did not respond to a request for comment. The largest planned structure in the project is a three-story self storage facility that spans 152,280 square…

The William Warren Group Expands in Sacramento

The William Warren Group has entered the Sacramento, Calif., self storage market with the opening of a 79,671-square-foot facility. This is one of the seven Sacramento properties managed by the company under the StorQuest brand. Completed in late August, the self storage facility was built with the help of $5.8 million in construction financing from Zions Bank. The property is located at 5701 Mack Road and comprises six single-story buildings across 7.5 acres. Storage spaces include climate-controlled units as well as RV and boat parking spaces. Unit size ranges between…

Tulfra Acquires 265,000 Square Foot Site for Storage, Parking Project in Jersey City

Tulfra Real Estate has received final approval to build a 265,000-square-foot, state-of-the-art storage facility and adjoining parking at 300 Thomas McGovern Drive in Jersey City, it said last week. A groundbreaking will be announced shortly. The price of the purchase was not disclosed. With New York City and downtown Jersey City virtually minutes away, it offers that rare combination of a perfect location in a major distribution center near a high concentration of new residential developments.” Sonny Jumani, CEO of the Rochelle Park-based real estate investment company, said the property is…

Self Storage Business Approved for the Former United House Demolition Site in Stamford

The facility will replace United House Wrecking’s sprawling storefront with a use more in keeping with zoning regulations. The stretch of land starting at 535 Hope Street that winds toward the Darien border is zoned for general industrial uses, including manufacturing facilities and warehouses. The original design featured canary yellow siding that drew mixed reactions from board members. Very seldom do applicants address our comments so thoroughly” Instead of having the company’s splashy signature shade everywhere, the Safeguard streetscape will only feature yellow as an accent. Mature trees, when fully…

Development Approved in Peoria, AZ

The Peoria, Arizona Planning and Zoning Commission approved a conditional-use permit request from RKAA Architects Inc. to allow the development of a self storage facility on 5.6 acres near the northwest corner of 75th Avenue and Cactus Road. The project will comprise about 79,700 square feet of interior self storage, along with 60 outdoor boat/RV-storage spaces, of which 35 will be covered. The site is zoned as intermediate commercial and has been used to farm alfalfa for several years. Founded in 1976, RKAA is a full-service design firm that specializes…