{"id":4887,"date":"2023-11-01T17:16:06","date_gmt":"2023-11-01T17:16:06","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=4887"},"modified":"2023-11-01T17:16:06","modified_gmt":"2023-11-01T17:16:06","slug":"vacant-facility-converted-into-michigan-self-storage-property-in-warren-mi","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/vacant-facility-converted-into-michigan-self-storage-property-in-warren-mi\/","title":{"rendered":"Vacant Facility Converted into Michigan Self-Storage Property in Warren, MI"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/www.connectcre.com\/wp-content\/uploads\/2023\/10\/Warren_MI.jpg\" width=\"555\" height=\"345\" \/><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Inland Private Capital Corporation and Devon Self Storage Holdings recently celebrated the completion of an 807-unit self-storage property located in Warren, Michigan. The newly converted 87,000-square-foot facility previously functioned as a 94,000-square-foot vacant manufacturing center.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Nearly 75 percent of the units provide climate-controlled conditions, with an interior drive-through lane and management office. The remaining land and parking area outside the facility will be converted to exterior non-climate controlled space expected to open in 2023.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">This marks the eighth self-storage development completed on behalf of IPC at a location only 13 miles north of Detroit. To date, IPC operates a self-storage portfolio of 178 properties across 30 states with an average occupancy rate of about 84 percent. \u201cThe self-storage sector continues to deliver and remains a high conviction strategy for our investment platform,\u201d said Keith Lampi, president and CEO of IPC.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.connectcre.com\/stories\/vacant-facility-converted-into-michigan-self-storage-property\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inland Private Capital Corporation and Devon Self Storage Holdings recently celebrated the completion of an 807-unit self-storage property located in Warren, Michigan. The newly converted 87,000-square-foot facility previously functioned as a 94,000-square-foot vacant manufacturing center. Nearly 75 percent of the units provide climate-controlled conditions, with an interior drive-through lane and management office. The remaining land and parking area outside the facility will be converted to exterior non-climate controlled space expected to open in 2023. This marks the eighth self-storage development completed on behalf of IPC at a location only 13&hellip;<\/p>\n","protected":false},"author":13,"featured_media":4888,"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\/4887"}],"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=4887"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4887\/revisions"}],"predecessor-version":[{"id":4889,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4887\/revisions\/4889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/4888"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=4887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=4887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=4887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}