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MV Investment has broken ground on its second self storage development in Fayetteville, North Carolina.<\/span><\/span><\/span><\/p>\n Construction began in June on a Class A climate-controlled self-storage (CCSS) facility at 4247 Ramsey Street. The 107,000-gross-square-foot facility will house 800 units ranging in size from 5 x 5 to 10 x 30.<\/span><\/span><\/span><\/p>\n Located on a high-traffic artery close to Fort Bragg, the development offers a foothold in what is considered by MV Investments to be a\u201d high-growth corridor\u201d that is experiencing a boom in housing construction. The two-acre site sits between a Wal-Mart Supercenter and a Lowes Home Improvements store and is adjacent to restaurants, daycare centers, and other busy retail developments, increasing its visibility to residential, commercial, and military customers.<\/span><\/span><\/span><\/p>\n \u201cWe strategically target markets that will deliver a solid return, and this location offers tremendous opportunity,\u201d said Aaron Rowley, Senior Developer at MV Investment in a press release. \u201cWith adjacency to both Fort Bragg and new multifamily housing, the Ramsey Street development will fill a need for secure, high-quality self-storage options among populations that consistently drive demand for CCSS units.\u201d<\/span><\/span><\/span><\/p>\n The groundbreaking follows the grand opening and sale of another MV Investment project in Fayetteville. In April, MV Investment opened a self storage complex at 5234 Raeford Road, just eight miles from the new project. The complex was sold to an undisclosed buyer at the end of May.<\/span><\/span><\/span><\/p>\n \u201cThe success of the Raeford Road project has confirmed the viability of this market and opened the door for continued investment in the area,\u201d said Rowley.<\/span><\/span><\/span><\/p>\n