The Roll Up: Weekly Self-Storage Development Round Up 6.19.19

Bruce Goldberg
June 19, 2019

GreenSpace plans to build a 100,000-square-foot self-storage facility that uses surplus shipping containers in Pearland, TX, on a 2.4-acre parcel it recently purchased. The project will be its second facility in Pearland, completing its first last year.

The company said it plans to develop 50 storage facilities in the next seven years. “We are aggressively seeking properties that make sense for self-storage developments throughout the United States,” said David Ledoux, GreenSpace co-owner. “This site made sense for us due to the strong growth trends in the area and the demand for storage units in the local community.”

Source: Chron.com

Planned

Coda Management plans to convert a brick warehouse in Dayton, OH into a self-storage facility.

Coda Management Group bought an empty building at 535 E. Third St. and plans to file a permit that would allow for it to be converted into a self-storage facility, in the Webster Station neighborhood of Dayton, OH. Coda, an Illinois company, paid $1 million for the building. Renovation needs include a new roof, windows, fire suppression and electrical systems, according to Scott Krone, managing partner. Source: Dayton Daily News

Construction begins in September for a three-story, 116,237-square-foot, 852-unit self-storage building on the west side of Brown Park Drive, north of Cemetery Road, in Hilliard, OH. It will take 12 to 18 months to complete. The facility  has not yet been branded. Source: This Week

Exit 9 Storage, 2 Crossing Blvd. in Clifton Park, NY, will build a three-story, 350-unit self-storage building at 101 Sitterly Road. That new facility would nearly double the size of Exit 9 Storage, which currently has 415 units. Wine storage will be one of the features of the new building. Owner Equinox Cos. of Albany, NY, bought 1.52 acres for $740,500 in August 2018 for the expansion. Construction is tentatively scheduled to begin in the fall and finish in spring 2020. Source: The Daily Gazette

A former Sam’s Club in Syracuse, NY is on track to become a CubeSmart storage facility.

A 134,344-square-foot building – formerly a Sam’s Club—at 2649 Erie Boulevard East in Syracuse, NY will soon become a CubeSmart self-storage facility. The building sits on 14.2 acres. Sam’s Real Estate Business Trust, represented by Bill Anninos of CBRE/Syracuse and Fred Burstein of CBRE/Long Island, sold the site for $5.675 million to an unspecified buyer. The site also has room for about 30,000 square feet of retail space.  Source: CNYBI

Under construction

Storage Star has begun work on the first new storage facility in 20 years in California’s Napa region. Storage Star-Napa Airport will have 618 units. Source: Commercial Property Executive

Dominion Self-Storage has begun building a self-storage center in the master-planned community of Eastmark in Mesa, AZ. It’s within the Point at Eastmark, a major commercial development at the corner of East Point Twenty Two Boulevard and South Signal Butte Road. The 81,000-square-foot facility will sit on just under 2 acres and have more than 500 units. Phil Gollon of ARC Services Inc. designed the building and Double AA Builders LTD of Scottsdale, AZ, is the general contractor. 180 Self Storage LLC will manage the facility.

Completed

U-Haul Moving & Storage of McDonough has opened at 2055 Avalon Parkway in McDonough, GA. It has 1,074 units, including 730 that are climate-controlled. The three-story building has 87,558 square feet. It also has 201 outdoor units, 155 covered RV storage spaces and an RV dump station. Source: Yahoo! Finance

Simply Stor-It Longview opened with 566 units at 1100 McCann Road, Longview, TX, formerly the site of an 105,000-square-foot Kmart, which closed in March 2016. Boone & Boone Construction of Tyler converted the building into self-storage. Source: Longview News-Journal 

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