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Brookwood Properties has opened its latest self-storage facility at\u202f3910 Cypressbrook Drive NW,\u202fin Huntsville, Ala. The 850-unit property operates under the Storage Center brand. Rosehill Construction served as the general contractor for the development.<\/span><\/span><\/span><\/p>\n Brookwood Properties\u2019 portfolio currently comprises 50 self-storage facilities\u201441 in Louisiana, three in Texas, three in Mississippi and one in Arkansas\u2014amounting to 42,000 units across 5 million square feet.<\/span><\/span><\/span><\/p>\n The 106,600-square-foot, three-story facility features climate-controlled units ranging from 25 to 300 square feet. Amenities include 24-hour video surveillance, covered loading bays designated for moving vans and box trucks, as well as on-site retail.<\/span><\/span><\/span><\/p>\n The Huntsville facility is 3 miles northwest of the University of Alabama in Huntsville, respectively within 10 miles northwest of downtown and north of the U.S military base Redstone Arsenal.<\/span><\/span><\/span><\/p>\n The asset is one of 18 within a 3-mile radius, offering residents some 32 net rentable square feet per capita. As of May, there were four other self-storage properties under construction in the Huntsville market, set to add 277,830 rentable square feet to the area.<\/span><\/span><\/span><\/p>\n April saw 3,094 self-storage properties in all stages of development nationwide as per reports. The under-construction pipeline included 732 projects, representing 2.8 per cent of the total stock, down 10 basis points from the previous month. The report predicts a gradual slowdown in development activity in the near term.<\/span><\/span><\/span><\/p>\n