{"id":3472,"date":"2023-04-04T14:41:14","date_gmt":"2023-04-04T14:41:14","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=3472"},"modified":"2023-04-04T14:41:39","modified_gmt":"2023-04-04T14:41:39","slug":"insite-to-build-five-story-self-storage-facility-in-glendale","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/insite-to-build-five-story-self-storage-facility-in-glendale\/","title":{"rendered":"InSite to Build Five-Story Self Storage Facility in Glendale"},"content":{"rendered":"


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\"127
127 Concord Street with InSites’s Rob Bradford<\/figcaption><\/figure><\/p>\n

InSite bought the property for $6.6 million in January. It was sold along with an adjacent lot at 111 Concord Street.”<\/span><\/span><\/span><\/p><\/blockquote>\n

Torrance-based firm InSite plans to convert a Glendale industrial site into a five-story self-storage facility. <\/span><\/span><\/span><\/p>\n

The property, located at 127 Concord Street, currently contains a 22,000-square-foot structure leased to printing company Chromatic. InSite, which specializes in self-storage projects, is looking to replace the existing building with a five-story, 112,200-square-foot facility, according to documents filed with Glendale\u2019s planning department. Plans for the site also include two levels for a subterranean parking garage. <\/span><\/span><\/span><\/p>\n

InSite bought the property for $6.6 million in January. It was sold along with an adjacent lot at 111 Concord Street. <\/span><\/span><\/span><\/p>\n

The developer, which also has offices in San Francisco, has a few ongoing projects in California. In January, InSite, along with joint venture partner Roem, filed a permit application to build 136 affordable apartment units and a self-storage facility in San Jose. In June of last year, the firm also filed plans for a four-story facility just south of Downtown Los Angeles. <\/span><\/span><\/span><\/p>\n

InSite had a setback with one of its projects in Southern California. In October, a judge issued an order that halted construction on a self-storage development along the Los Angeles River in North Long Beach. The ruling came after environmental groups challenged the city\u2019s approval of the project. The firm filed plans for a three-story, 152,700-square-foot facility with offices and a car wash. Environmental groups were pushing for the land to instead be used for a public park. <\/span><\/span><\/span><\/p>\n

The firm\u2019s planned facility will add to the stock of a cooling sector in Los Angeles. According to Yardi Matrix, the rate for a 10\u00d710 unit dropped by one percent to $206 in December. The decrease aligns with nationwide figures. During the same period, the nationwide rate for a 10\u00d710 unit dropped 1.5 percent to $132. <\/span><\/span><\/span><\/p>\n

InSite did not respond to a request for comment.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

InSite bought the property for $6.6 million in January. It was sold along with an adjacent lot at 111 Concord Street.” Torrance-based firm InSite plans to convert a Glendale industrial site into a five-story self-storage facility. The property, located at 127 Concord Street, currently contains a 22,000-square-foot structure leased to printing company Chromatic. InSite, which specializes in self-storage projects, is looking to replace the existing building with a five-story, 112,200-square-foot facility, according to documents filed with Glendale\u2019s planning department. Plans for the site also include two levels for a subterranean…<\/p>\n","protected":false},"author":13,"featured_media":3473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3472"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=3472"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3472\/revisions"}],"predecessor-version":[{"id":3475,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3472\/revisions\/3475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/3473"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=3472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=3472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=3472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}